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Trump's Global Tariff Takes effect in Dramatic US Trade shift

This is Beirut, 05/04 11:20 - Reading : 3 minute(s)

United States Donald Trump China Tariffs

President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy. A 10 percent "baseline" tariff came into place past midnight, hitting most US imports except goods from Mexico and Canada as Trump invoked emergency economic ...

Will China Overcome Trump’s Tariffs?

Christiane Tager, 05/04 08:55 - Reading : 2 minute(s)

United States China Trade war Tariffs

The global stage is in full turmoil. Donald Trump, acting as the grand conductor, has introduced new tariffs that have shaken stock markets and spread panic across the world economy. But the curtain hasn’t dropped yet. China, a major player, is preparing its counterattack and will, as of April 10, impose a 34% tax on American products. The game ...

Where Things Stand in The US-China Trade War

This is Beirut, 04/04 15:55 - Reading : 5 minute(s)

Donald Trump United States Tariffs China economic war

China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods. AFP looks at how an escalating trade war between the United States and China is playing out—and what impact it might have. Why is China so vulnerable to tariffs? Trade between the world's two largest ...

Trump Sued Over Emergency Powers to Impose Tariffs on China

This is Beirut, 04/04 15:20 - Reading : 1 minute(s)

Donald Trump USA China Tariffs

A nonprofit group sued US President Donald Trump and his administration on Thursday over alleged misuse of emergency powers to impose tariffs on all imports from China earlier this year. The lawsuit disputed the legality of Trump's executive order from February 1, not the broader set of tariffs announced on Wednesday that also target a number of ...

China Says to Slap Extra 34% Tariffs on US Imports

This is Beirut, 04/04 14:15 - Reading : 1 minute(s)

Donald Trump USA China Tariffs economic war

China said on Friday it would slap 34 percent tariffs on all imports of US goods from April 10 after Washington imposed steep new levies on Chinese products. "For all imported goods originating from the US, an additional tariff of 34 percent on top of the current applicable tariff rate will be imposed," Beijing's finance ministry said. Beijing's ...

EU Announces 'New Era' in Relations With Central Asia

This is Beirut, 04/04 13:05 - Reading : 6 minute(s)

European Union Central Asia Summit China Moscow

The EU announced a "new era" in ties with Central Asia on Friday at a major summit in Uzbekistan, as Brussels presses its influence in the region in the face of Russian and Chinese competition. Russia's invasion of Ukraine has accelerated the region's drift from Moscow's orbit, with major powers to both the West and East sensing an opening. The ...

Fitch Downgrades China's Rating to 'A', Outlook Stable

This is Beirut, 03/04 17:10 - Reading : 1 minute(s)

Donald Trump United States China Tariffs

Global ratings agency Fitch downgraded China's long-term foreign-currency issuer default rating from 'A+' to 'A' on Thursday, noting weakening finances and debt concerns. "The downgrade reflects our expectations of a continued weakening of China's public finances and a rapidly rising public debt trajectory during the country's economic ...

French FM Says China can Help Bring Russia to Ukraine Negotiating Table

This is Beirut, 27/03 11:30 - Reading : 3 minute(s)

Ukraine European Union France China

France's Foreign Minister Jean-Noel Barrot urged Beijing on Thursday to help bring Russia to talks over ending its war in Ukraine as he met Chinese counterpart Wang Yi. France and China have sought to boost ties in recent years, but Paris has also pressed Beijing on its relations with Moscow, which have strengthened since the invasion of ...

Why America Should Keep Leading the Free World

Pierre Nahas, 23/03 11:00 - Reading : 6 minute(s)

USA United States China Iran Russia

In 1958, President Eisenhower sent 10,000 US Marines to Lebanon to protect it from a potential takeover by Gamal Abdel Nasser, whose ambition was to unite all Arab countries under a Pan-Arab vision. This was the first and only time the Eisenhower Doctrine was used. Without American troops and shrewd diplomacy at the time, Lebanon would not exist ...

China Urges end to 'Illegal' Sanctions as it Hosts Iran Nuclear Talks

This is Beirut, 14/03 09:40 - Reading : 3 minute(s)

Tehran China Russia

China urged an end to "illegal" sanctions on Iran as it hosted diplomats from that country and Russia on Friday for talks Beijing hopes will restart long-stalled negotiations on Tehran's nuclear programme. The United States withdrew from a landmark 2015 deal, which imposed curbs on Tehran's nuclear development in return for sanctions relief, ...

China Says to Host Russia, Iran for Nuclear Talks this Week

This is Beirut, 12/03 11:00 - Reading : less than a minute

Washington China Russia Iran Nuclear

China will host Russia and Iran for trilateral talks on Tehran's nuclear programme on Friday, Beijing's foreign ministry said. "The three parties will exchange views on the Iranian nuclear issue and other issues of mutual interest," a foreign ministry spokesperson said Wednesday. The meeting will be attended by China's Vice Foreign Minister Ma ...

Stock Markets Slump on US, China Economic Fears

This is Beirut, 10/03 16:50 - Reading : 3 minute(s)

USA Donald Trump European Union Stock markets China

Stock markets slipped on Monday as investors fretted over the impact of President Donald Trump's trade policy on the economic growth of the United States and China, the world's biggest economies. Wall Street's three main indexes opened in the red, with the tech-heavy Nasdaq falling two percent, after Trump himself declined to rule out the risk of ...

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