Trade talks between the United States and China have proven fruitless, ending on Friday without a deal. China is expected to retaliate, prompting fears the 10-month trade war between the world's two largest economies could worsen and create further global economic instability.
President Trump has taken to Twitter, describing the talks as 'candid and constructive' and adding that they would continue in the future. His social media posts prompted a slight recovery in the US markets after shares on New York's S&P index were on track for their biggest weekly fall of the year because of the talks.
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Trade war: US slugs China with higher tariffs, as China vows to hit backThe United States has pulled the trigger on a steep increase in tariffs on Chinese products - and Beijing immediately vowed to hit back That’s a tug not a barge!
Source: SBSNews - 🏆 3. / 89 Read more »
Two US warships sail near islands in South China Sea, angering ChinaThe show of force has angered Beijing at a time of tense ties between the world's two biggest economies.
Source: smh - 🏆 6. / 80 Read more »
China repeats calls for US to stay out of disputed South China seaChina says its navy warned US ships sailing near islands claimed by Beijing in the South China Sea to leave the area and that the US should stop such provocative acts. Has anyone told Paul Keating? Where is a tsunami when you want one. Eff China
Source: abcnews - 🏆 5. / 83 Read more »
Business Brief: Trade drama between China and the United States continues | Sky News AustraliaChina is threatening to retaliate if President Donald Trump decides to deliver on his latest tariff threats.\n\nPresident Trump tweeted on Monday that tariffs of 10 per cent would rise to 25 per cent, later adding that $US325 billion ‘of additional goods sent to us by China remain untaxed, but will be shortly’. \n\nThe Whitehouse has brushed criticism that the tariff threats were escalating the trade war, claiming the US negotiation team was making progress.\n\nChief market strategist at InvestSMART, Evan Lucas, noted the pressure was on for China, as the $200 billion USD of tariffs along with the remaining $325 billion USD of Chinese imports would rise from 10 to 25 per cent.\n\nThe next round of trade talks are due to begin in Washington on Friday.\n\n\n\n\n Let’s all pray these negotiations fall through. If they drop tariffs our economy is in big trouble. Especially now Labor are planning to destroy our biggest export.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Dow Jones falls 473 points as US-China trade fears escalateAustralian shares are expected to fall heavily after Wall Street experienced its worst sell-off in months — triggered by fears that US-China trade tensions may worsen once again. Good. When labor still argues wages, the winter is on the way, are you ready? Think about now than your climate change.
Source: abcnews - 🏆 5. / 83 Read more »
US-China trade war escalates but Trump says 'no need to rush'President Donald Trump has said there is 'no need to rush' trade talks with China, just hours after the US hiked tariffs on Chinese products.
Source: SBSNews - 🏆 3. / 89 Read more »
'The goalposts have moved': Wall Street tumbles as China trade worries mountWall Street fell the most since March as escalating US-China trade tensions spooked investors.
Source: smh - 🏆 6. / 80 Read more »
'Beautiful letter': Xi calls for US, China to work together but tariff hike appliesWith no action from the Trump administration to reverse the increase, US Customs imposed the new 25 per cent duty on affected US-bound cargoes leaving China after 2.01pm AEST. Gee. That will be a challenge. He'll have to convince US firms to use appropriate pollution controls and safety measures in mass and volume production. The wages are so low in the US now that he shouldn't have trouble finding them slave labor, so at least that won't be a problem. Cat and Mouse but who is playing who. China's front line. Ever had a good look at the northern border of Nt. Koreon. {spell check} The hated USA should globally, retreat. Ask MP Billy-boy. Has the Major Political Parties promised to get China out of Darwin Harbor and got rid of the Greatest Security Risk to the Australian Mainland since World War II? The 99 year lease is not a GOOD LOOK is it? There must be a Minor Party who is increasing in Real Polls 2 C THE RISK
Source: smh - 🏆 6. / 80 Read more »
China slams US' Uighur 'concentration camps' remarkA comment by a senior US Defence Department official that China is running 'concentration camps' for Muslims in Xinjiang region has angered Beijing. Are they though? Why don’t you investigate? ArsDiavoli Australia is running them for refugees
Source: SBSNews - 🏆 3. / 89 Read more »
World's longest golf course — all 1,365km of it — has just turned 10It has been described as a little peculiar but the 18-hole Nullarbor Links outback golf course is growing in popularity with tourists and golfers from all corners of the globe.
Source: abcnews - 🏆 5. / 83 Read more »
Federal election live: Friday May 10An interesting expense in Labor's costings is $55 million set aside for a plebiscite on Australia becoming a republic. auspol AusVotes19 billshortenmp very wise as never know where Shorten's hands have been ScottMorrisonMP billshortenmp rowandean RossCameron4 RitaPanahi AlanJones LiberalAus theboltreport PaulineHansonOz pm_live RealMarkLatham billshortenmp That bloke staged it, that’s why he was at the doorway. billshortenmp Thank Penny Wong, she started it.
Source: newscomauHQ - 🏆 9. / 77 Read more »