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Germany's economy is getting hammered by the rest of the world's problems Europe’s economic powerhouse is being hit by a cocktail of global issues  — a trade war, Brexit, Italy — casting doubts on future growth. Trade war fears, ongoing Brexit negotiations, and the continued crisis surrounding Italy's budget are all dragging on the German economy The country's aging population could also prove to be problematic going forward unless more immigration and improved working flexibility are encouraged across the German economy, according to the Council of Experts
Russia to replace US soybean exports to China amid escalating trade war The ongoing trade conflict with Washington is forcing China to look for new suppliers of day-to-day produce to the domestic market. Russia is expected to be the answer when it comes to soybeans and other goods. China, the world’s biggest soybean importer, is currently involved in a long-standing trade dispute with the US We agreed with the Chinese partners to hold a more active presence in this particular segment, Medvedev said, stressing that the step provides Russia with a good opportunity to boost soybean production For more stories on economy & finance visit RT's business section Trends: China newsRussia news US news
Democrat-led House seen backing Trump’s China trade war,... The new Democrat majority in the U.S. House of Representatives is likely to back... House Democrats are the most protectionist group in Congress, said Derek Scissors, a China scholar at the American Enterprise Institute in Washington If Trump makes a deal that fails to achieve significant changes to China’s practices, they’ll jump all over him, he said Our Standards:The Thomson Reuters Trust Principles
China's exports are still soaring despite the trade war Chinese exports leaped almost 16% in October even though the United States imposed new tariffs in the trade war between the two countries. The yuan has slumped almost 10% against the dollar since February as investors have become more concerned about the health of China's economy and the potential impact of the escalating trade war Trump is due to discuss trade with Chinese President Xi Jinping on the sidelines of the G20 summit in Buenos Aires later this month, but experts are doubtful the two leaders will be able to agree on a swift resolution to the conflict
Here are the Asian countries that win and lose from the trade war While short-term disruption can be expected in Asia due to the trade war between the U.S. and China, other regional players could stand to benefit in the long run, Nick Marro analyst at The Economist Intelligence Unit told CNBC. Bernd-Jürgen Fischer| ullstein bild | Getty Images A bird's-eye view of Ho Chi Minh City Source: The Economist Intelligence Unit Thailand's auto space stands to benefit due to its well-diversified trade links with the U.S., Japan and other parts of ASEAN
Why a trade fair was China's top diplomatic event of the year Beijing woos private sector as trade war hurts economy And so the mascot of the Import Expo was a jumping, scarf-wearing panda, alongside the catchphrase New era, shared future Many companies are facing difficulties and market confidence has been affected under rising downward pressures, Li said And China is now paying a high price for hastily baring its claws
Trump's trade war has seen US imports from China fall by 30% UBS research shows Trump’s tariffs on Chinese goods have had a material effect on US-China trade, based on US import data for $34 billion of products. The results from the first round of tariffs raise an obvious question: what will happen to imports on the $US200 billion of additional tariffs that were implemented on September 24? Despite the effects of the ongoing trade war, China's trade surplus with the US has remained at record highs so far this year
Trump says trade war success can help 'heal' US divide North Korea summit on track for early 2019 despite delayed prep meeting I think he's very much going to want to come out of that meeting announcing a gain, a win, something moving forward, Kenney said The U.S. has refused to consider measures to reduce the pressure and continues to see sanctions as crucial leverage in its negotiations on the North's denuclearization
Japan manufacturers' mood sours amid trade war fears: Reuters Tankan Japanese manufacturers' business confidence worsened in November and was ex... Beijing and Washington have imposed tit-for-tat duties on each other’s goods over recent months, with neither side backing down from a increasingly bitter trade dispute that has jolted financial markets and cast a pall over the global economy Our Standards:The Thomson Reuters Trust Principles
Midterm elections 2018: Trump could INTENSIFY trade war with China DONALD Trump could intensify his bitter trade war with China, experts have warned - regardless of how he fares in the critical midterm elections. David Edelman, former US ambassador to Singapore and adjunct professor at New York University, explained to CNBC: There is less middle ground for practical trade policies than has been the case historically President Xi said: It is a concrete action taken by China to advance an open world economy and support economic globalisation
China spends $32bn to protect renminbi from trade war There is no capital outflow panic in China even as USD/CNY approached 7.0, she wrote in a note on Wednesday The USD/CNY 7.0 handle is a mere round number, not a psychological barrier, as the currency pair has approached this level a number of times The situation today is much more advantageous than in 2015
Asia fears Trump doubling down on trade war after mixed midterms U.S. Republicans avoided 'blue wave' of Democratic gains to retain the Senate Trump's push for a deal with North Korea is set to go on the back-burner Experts say that the U.S. slapping a ban on Iranian oil imports this week shows that Tehran has become a more important issue for the president than the isolated East Asian nation Nikkei staff writers Wataru Suzuki and Dean Napolitano contributed to this story
Cohn says tariffs are 'tax on Americans' Donald Trump's former chief economic advisor says the US-China trade war will hurt American consumers. So if US citizens can buy products cheaply, they have more money to spend on goods, and once they spend on goods they can take the additional money they have and they can save it - and we do need a higher savings rate in the US Mr Cohn's departure from the White House was announced in March, adding to a string of high-profile departures
China's trade war woes won't go away after Democrats' midterm gains The Democrats have retaken the US House of Representatives, dealing a major blow to President Donald Trump's domestic agenda, but if anxious politicians in Beijing think that means a reprieve from the White House, they should think again. In addition to increasing military maneuvers near China's doorsteps, Trump appears to be using aid to counter China's influence in the world If both Xi and Trump are forced to turn further inward to address domestic turmoil, a diplomatic thaw may take some time to come
China’s ties with Taiwan chip firms under scrutiny in trade war TAIPEI--Washington's decision to cut off U.S. supplies to a Chinese chipmaker spotlights mounting te TAIPEI--Washington's decision to cut off U.S. supplies to a Chinese chipmaker spotlights mounting tensions over China's drive to be a global player in computer chips and the ways in which Taiwan companies are helping it get there Taiwan is one of the largest exporters of IC globally and many worry the island could lose a key economic engine to its political foe
Here's what the US election results mean for Trump's trade war with China "It's going to be the same, if not worse, in terms of U.S.-China," said Steven Okun of McLarty Associates. China will 'test' Trump's willingness to compromise: CEO    44 Mins Ago | 03:14 What that means for China, the EU and others On trade, it's going to be the same, if not worse, in terms of U.S.-China, Steven Okun, senior advisor at McLarty Associates, told CNBC as election results were trickling in
Chinese companies rush to make own chips as trade war bites Internet giants Baidu and Alibaba plan A.I. semiconductors The subsidiary will concentrate on chip design, but could also be involved in production In September, Xi said China must stick with the path of self-reliance amid rising unilateralism and protectionism -- a statement taken as a sign of his desire to build up China's technological muscle and oppose the U.S. But as for increasing China's proportion of homemade chips, a core step in that effort, the seas ahead look rough
As Trump steps up trade war, China approves new trademarks for Ivanka The trademarks include shoes, shirts and sunglasses and less obvious fits such as voting machines, semiconductors and fire extinguishers. Among the broad array of trademarked items were shoes, shirts and sunglasses the sort of products that were sold under her recently closed fashion label Other categories given initial approval were less obvious fits, like voting machines, homes for senior citizens and semiconductors
Toyota aims to double cost cuts as US and China worries mount Trade war and new NAFTA among many hurdles that negate strong earnings The revamped NAFTA demands that 75% of a car's parts overall be made within the free-trade zone for it to be considered locally produced, up from 62.5% The automaker is hurrying to boost profitability and build a framework for making fresh investments in cutting-edge fields
Trump's trade war isn't the only thing slowing China's economy | Markets Insider REUTERS/Kim Kyung-Hoon China's economy grew at its slowest pace in a decade in the third quarter But economists say it also shows the slowdown this year is in largely thanks to a state-led deleveraging campaign that was started last year in attempt to deal with excess debt
Trump's trade war isn't the only thing slowing China's economy As the Chinese economy slows, economists say trade tensions are only part of the equation. China's economy grew at its slowest pace in a decade in the third quarter But economists say it also shows the slowdown this year is in largely thanks to a state-led deleveraging campaign that was started last year in attempt to deal with excess debt Most notably, authorities had attempted to crack down on risky lending as part of the program
Boeing, Airbus fret over trade war as China displays aviation... The world's two largest planemakers signaled on Tuesday that they were keen... Airbus had hoped to close a deal for 184 aircraft during a trip to China by French President Emmanuel Macron in January, but negotiations appear to have stalled, industry sources say In carefully worded comments, Boeing’s senior vice-president of Northeast Asia sales, Rick Anderson, said China was a rapidly growing aviation market and that he believed Washington and Beijing understood that Our Standards:The Thomson Reuters Trust Principles
'Trade war is the most stupid thing in the world’ – Jack Ma The widening trade conflict between the world’s two largest economies, China and the US, is senseless, according to Alibaba co-founder Jack Ma. US-China #TradeWar could last 20 years - #JackMa RT (@RT_com) September 19, 2018 The businessman had earlier warned that the conflict between the two economic superpowers could last decades and would be a mess for all parties involved
Airbus China head warns of trade war threat Also, this of course will have a negative impact on aviation growth, he added However, Airbus declined to comment on whether a deal to sell more than 180 Airbus A320 commercial jets to China was imminent, saying that some deals could not be disclosed sometimes due to requests from the customer, sometimes for other reasons
Airbus China CEO says "no winner" from U.S.-China trade war Europe's Airbus SE indicated on Tuesday that it did not expect a sales wind... Airbus China CEO George Xu said such tensions would hurt aviation growth by depressing middle class incomes Airbus has been trying to unlock talks with China over a long-delayed deal to sell up to 180 jets, and its board in September held an unusual meeting in China Our Standards:The Thomson Reuters Trust Principles
Jack Ma: The trade war is 'stupid' Tech tycoon Jack Ma really hates the trade war between the United States and China. His remarks at the Shanghai event came hours after Chinese President Xi Jinping in a veiled swipe at Trump slammed a winner-takes-all approach to international trade The conference, the China International Import Expo, was organized by the Chinese government to promote the country as a market for imports from other countries Shares in Alibaba are down more 30% from an all-time high in June
China's Huawei backs tough EU data protection rules Chairman says company will globalize further despite US trade war The U.S. has barred its telecom carriers from purchasing equipment from the two companies amid concern that using their equipment could aid China's espionage activity, an allegation Huawei dismisses as groundless But he added that the Shenzhen-based company will promote globalization even further and pursue partnerships with other countries to deal with the dispute with the U.S.
European Commissioner: Trade war is 'unacceptable,' it's time for countries to work together European Commissioner for Health and Food Safety Vytenis Andriukaitis on Tuesday denounced the protectionism he said is keeping countries and their people from seeing as much success as they otherwise would. During his rise to the presidency in the U.S., Donald Trump repeatedly questioned the efficacy of America's trade deals, arguing that many forms of trade were not fair to his country Taking that philosophy into office, Trump has sought to renegotiate several commerce agreements with major trading partners notably recrafting NAFTA into the United States–Mexico–Canada Agreement and has turned much of his attention to China No one will win in a way of conflicts and confrontations no one
Trump's trade war with China matters more to the market than the elections and it's not going well The U.S. and China could remain locked in an escalating trade war for quite a while, and analysts have low expectations for any progress at a much touted meeting between President Donald Trump and President Xi Jinping at the end of the month. Qilai Shen | Bloomberg | Getty Images U.S. President Donald Trump, left, and Xi Jinping, China's president, shake hands during a news conference at the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017 [China] is seeing this as a long-term protracted struggle and because of that they're trying to find ways around it
US businesses paid 50% more in tariffs in September due to Trump's trade war: Industry group Tariffs levied against China accounted for $800 million in September, even though the bulk didn't take effect until the end of the month. Tim Rue | Bloomberg | Getty Images Cargo ship at the Long Beach Container Terminal at the Port of Long Beach in Long Beach, California U.S. exports also suffered as countries fought back with tariffs of their own on American products ranging from soybeans to bourbon to cheese
Formosa Plastics foresees holiday gloom as orders slow Bellwether petrochemical group says trade war saps market confidence Additional tariffs would elevate production and operation costs, while they would also lead to price hikes for daily goods and harm consumers' purchasing power, Wu said People are still waiting for the results of U.S. midterm election on Nov. 6 and the meeting ahead between American President Donald Trump and Chinese President Xi Jinping by the end of this month
Cisco CEO hopes for 'healthy dialogue' on trade war after election Networking equipment giant to continue investing in cybersecurity But Robbins was careful to avoid talking up the potential tailwind In August, the company announced plans to acquire Duo Security, a U.S. user-authentication service, for $2.35 billion Many of the developing countries are being driven by the exact same thing
Bank of America CEO says Trump trade policy worries US business community The trade war is weighing on business leaders’ minds. I think it’s critical, at some point, we’ve got to reach agreements so people can go plan their business around them But underneath that, the principal's people are trying to straighten out on a fair basis for both countries, which is how to have people regulated
Fixing trade war will need more than talks between Trump and Xi, WTO's Azevedo says Stock values have been sensitive to rhetoric surrounding trade between the U.S. and China. If it is strictly bilateral it is often a win/lose situation where people say: 'I win and you lose, or this is good for you but bad for me', he told CNBC in Shanghai at the China International Import Expo The WTO's top employee said while two-sided conversations were good for securing market access or agreeing trade deals, the current environment of trade friction was affecting several other countries
Their Soybeans Piling Up, Farmers Hope Trade War Ends Before Beans Rot North Dakota’s soybean crops are flourishing. But China has stopped buying. Soybeans in temporary storage at the Maple River Grain & Agronomy terminal in Casselton, N.D.CreditCreditDan Koeck for The New York Times By Binyamin Appelbaum Nov. 5, 2018 ARTHUR, N.D The soybean industry’s sales pitch emphasized the reliability of American infrastructure and the political stability of the United States
China Seeks Allies as Trump’s Trade War Mounts. It Won’t Be Easy. President Xi Jinping kicks off a Shanghai event showing a growing Chinese appetite to buy from the rest of the world. Even critics of the U.S. have doubts. They want restrictions on Chinese exports to Europe unless Beijing provides the same access to its markets for European companies that Europe has long provided for Chinese companies What we are worried about is this unilateral approach, Valdis Dombrovskis, the European Commission vice president for the euro and social dialogue, said in a recent interview We think trade should be dealt with in a multilateral framework
9 Stock Options That Could Pay Off if Trump’s Trade War Cools Down Trade tensions have created an interesting opportunity in options, according to JPMorgan. Here’s what you need to know before President Donald Trump heads to the G-20 meeting. However, now that President Trump tweeted about his encouraging trade call with President Xi, the G-20 meeting in late November has taken on new significance Fear has the upper hand on greed these days, so the market is more worried about downside protection That is significant, but those options could fetch $40 if Wynn was to trade back to its 200-day moving average at $161.76
Alibaba's Ma calls U.S.-China trade war 'most stupid thing in this... The U.S.-China trade war is the "most stupid thing in this world," Jac... The two countries have set tariffs on hundreds of billions of dollars of each other’s goods and U.S. President Donald Trump has threatened to slap tariffs on the remainder of China’s $500 billion-plus exports to the United States if the trade dispute cannot be resolved Our Standards:The Thomson Reuters Trust Principles
Despite trade war, DBS sees conditions as favoring growth Higher loans, lower provisions boost quarterly profit, stock moves down There is a lot of angst and anxiety around trade wars At the midday break, DBS’s shares were down 2.6%, exceeding the 1.9% drop in the benchmark Straits Times Index on a generally gloomy day for Asian markets However, that was offset by a 60% decline in net gains from investment securities
Xi Jinping promises to open Chinese markets in trade war joust with Trump Chinese president tries to portray China as champion of globalisation ahead of crunch talks with US president at G20 Xi promised to accelerate trade talks with the EU, as well as Japan, and Korea The Hang Seng index was off more than 2.5% in Hong Kong while the Shanghai Composite was down 1.5% China’s economy in the third quarter grew at its weakest pace since the global financial crisis
China should open auto market to break US trade war deadlock A bold offer from Xi could pave the way to a broad economic deal with Trump This would be too good a deal for e for Trump to turn down Rebuilding the U.S. manufacturing industry is a top priority in Trump's fight for fair trade To a certain extent, horsepower and weight are seen as safety features Xing Yuqing is professor of economics at the National Graduate Institute for Policy Studies, Tokyo
US-China trade war starts to drag on Asian growth For months, as the trade war between the US and China escalated, other export-reliant Asia-Pacific economies watched and worried about a knock-on effect on their sales Despite the fact that the hit to growth to gross domestic product could occur quite quickly, the government’s response was lacking, she said
Why this Idaho chipmaker is suddenly at the center of the US-China trade war Micron, a company in Idaho that makes memory chips, has been locked in bitter trade secrets dispute with a state-backed Chinese rival called Fujian Jinhua. Now it has the US government in its corner. On Thursday, after the Justice Department announced the charges against Fujian Jinhua and UMC, Micron's general counsel commended the agency's decision to prosecute the criminal theft of our intellectual property CNN's Jethro Mullen, Daniel Shane, Sherisse Pham and Yong Xiong contributed to this report
Vietnam emerges as beneficiary of trade war Chinese polyester producer Zhejiang Hailide New Material is investing $155m in a factory in Vietnam with an eye to exports to the US Related stories South-east Asia benefits from FDI surge in first half Chinese orders dry up for Japan’s machine tools Trade war drives Asian manufacturing out of China South-east Asia’s production gains speed as China slows How Asian companies are navigating the trade war
Japanese carmakers' weapon of choice in Trump trade war: Flexible factories At points along the assembly line at Nissan Motor Co Ltd's largest U.S. factory, workers wheel trolleys past shelves selecting parts wherever they see a green or blue light. Nissan calls the system "pick to the light," and it helps workers get the right part for whichever of six different… At points along the assembly line at Nissan Motor Co Ltd's largest U.S. factory, workers wheel trolleys past shelves selecting parts wherever they see a green or blue light Using one assembly line to build a variety of different body styles requires careful coordination that starts with the engineers who design the vehicles, and extends to the construction of the tools used to weld and assemble them
Trade war squeezes corporate earnings in Japan and China Double-digit growth has been wiped out as orders shrink Workers help dock a Cosco container ship at Qingdao Port in China's Shandong Province The company handled less cargo leaving China in the July-September quarter Nikkei staff writers Daisuke Harashima in Dalian, Takashi Kawakami in Guangzhou and Naoki Matsuda in Shanghai contributed to this report
Why Brexit is just a sideshow for an EU beset by problems on all sides Italy is in meltdown, Hungary in open revolt, and the US wants a trade war. Small wonder Europe’s leaders haven’t got much time for us How do we deal with the mess that we are going to have after the European parliament election with a big bloc of anti-EU, anti-democracy parties, to put it very bluntly The French president, Emmanuel Macron has framed the poll as a battle between progressive and pro-European forces against those of the nationalist, eurosceptic and anti-immigration extreme right
Trade war, spy claims cloud horizon for China airshow SHANGHAI/BEIJING--Trade frictions with the United States and accusations of industrial espionage are SHANGHAI/BEIJING--Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China's largest aerospace meeting this week, as suppliers consider what the country's slowing economy could mean for booming jet demand It is not unlikely that China might strategically steer future aircraft purchases to Airbus rather than Boeing, said Marc Szepan, a China aviation expert at the University of Oxford and former industry executive
Southeast Asia passes China in luring Japanese staff and money Trade war also pushes Panasonic and others to relocate Luxury apartment buildings under construction in Bangkok Nikon closed a digital camera factory in Jiangsu Province last year Panasonic plans to start shipping car stereos and other in-car devices out of Thailand and other countries instead of China Myanmar in particular has enjoyed an influx thanks to its efforts to open the economy, with the number of Japanese workers there growing sevenfold in five years to 1,200
Yuan's continued weakness triggers investor jitters Chinese currency battered by rising US rates and trade war The yuan's monthly value dropped in October for the seventh consecutive month U.S. President Donald Trump has repeatedly criticized China for its weak currency, and a further decline in the yuan before the midterms could cause even more tension between the world's two largest economies