, with the tech-rich Nasdaq having its worst day of 2019 and the benchmark Dow Jones Industrial Average closing at its lowest level since Feb 11.
Trump called on manufacturers fearful of the US tariff increases to build their wares in the United States - or at least outside of China. Trump launched the trade war last year to extract profound economic reforms from Beijing, accusing China of seeking to forge global industrial dominance through massive state intervention in markets and the theft of American technology - all in violations of its commitments upon joining the World Trade Organisation in 2001.
"The two presidents maintain contact through various means," he added, without confirming a possible meeting between the two leaders. "Many Chinese scholars are discussing the possibility of dumping US Treasuries and how to do it specifically."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says to hold more trade talks with US in BeijingChina's top trade negotiator Liu He said on Friday in Washington that trade talks with the US would continue in Beijing but warned that there ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US-China trade war escalates as Beijing returns fireWASHINGTON: The US-China trade war escalated on Monday (May 13) as Beijing announced it would raise painful tariffs on US0 billion in US exports ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US-China trade war escalates as Beijing returns fireThe US-China trade war escalated Monday as Beijing announced it would raise painful tariffs on $60 billion in US exports by next month, responding in kind to President Donald Trump's decision last week to hike duties on hundreds of billions of dollars in Chinese merchandise. While American officials China has prepared for this war, so wait and see!
Source: YahooSG - 🏆 3. / 71 Read more »
US-China trade talks will continue Friday morning in Washington[BEIJING] Crucial trade negotiations with China in Washington will continue on Friday, the White House said late Thursday, about 90 minutes before steep new tariffs were set to take effect on Chinese goods. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Beijing slams US for 'unreasonable suppression' of China MobileBEIJING (AFP) - Beijing on Friday (May 10) slammed the US for the 'unreasonable suppression' of China Mobile after US regulators denied the telecom giant's request to operate in the US market over national security concerns.. Read more at straitstimes.com. The last time I checked, foreign telcos are still forbidden to operate in China 🤔 The pot calling the kettle black
Source: The Straits Times - 🏆 8. / 63 Read more »
U.S., Japan, India and Philippines challenge Beijing with naval drills in the South China SeaIn fresh show of naval force in the contested South China Sea, a U.S. guided missile destroyer conducted drills with a Japanese aircraft carrier, two Indian naval ships and a Philippine patrol vessel in the waterway claimed by China, the U.S. Navy said on Thursday. While similar exercises have been
Source: YahooSG - 🏆 3. / 71 Read more »
US hikes tariffs on China goods; Beijing says it will retaliateTHE US hiked tariffs on more than US$200 billion in goods from China on Friday in the most dramatic step yet of President Donald Trump's push to extract trade concessions, deepening a conflict that has roiled financial markets and cast a shadow over the global economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US, Japan, India and Philippines challenge Beijing with naval drills in South China SeaTOKYO: In fresh show of naval force in the contested South China Sea, a US guided missile destroyer conducted drills with a Japanese aircraft ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Is US-China trade war starting to erode US dollar dominance?The contemplation by Asian finance leaders to add the Chinese and Japanese currencies to a regional foreign reserves buffer fund is the latest sign that the trade war is causing countries to slowly move away from dependence on the US dollar. The 10 members of the Association of Southeast Asian Nations
Source: YahooSG - 🏆 3. / 71 Read more »
US-China trade talks will continue Friday morning US time: paper editor[BEIJING] US-China trade talks in Washington will continue on Friday morning US time, Hu Xijin, the editor-in-chief of Chinese state-run newspaper the Global Times, tweeted on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China urges US to respect market economy after China Mobile denied entryWASHINGTON/HONG KONG: China urged Washington on Friday to stop putting 'unreasonable pressure' on Chinese companies after U.S. regulators voted to ... This might be the funniest headline of the day.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »