Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
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Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
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"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Canada will retaliate against new U.S. tariffs by imposing its own trade barriers on U.S. steel, aluminum and other products, Canadian Foreign Minister Chrystia Freeland said Thursday.
Freeland said Canada plans to slap dollar-for-dollar tariffs on the U.S. The Nafta partner's proposed import taxes would also cover whiskey, orange juice and other food products alongside the steel and aluminum tariffs.
The retaliatory measures will cover CA$16.6 billion in imports, Freeland said. The products being targeted will be subject to tariffs between 10 percent and 25 percent.
Canadian Prime Minister said that the tariffs, announced Thursday by Commerce Secretary Wilbur Ross, are an affront to the security partnership between the U.S. and Canada.
Ross said the tariffs will take effect at midnight Thursday, when previously set exemptions for Canada, Mexico and the European Union are set to expire.
The tariffs are "totally unacceptable," Trudeau said, though he noted that Canada will continue to negotiate with the U.S.
Trudeau warned that the Trump administration's soon-to-be-applied tariffs — of 25 percent on steel imports and 10 percent on aluminum imports — will harm both countries' economies.
Canada took umbrage with the U.S.' finding, outlined in a proclamation from President Donald Trump, that "steel mill articles are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States."
Freeland said Thursday: "It is entirely inappropriate to view any trade with Canada as a threat to the United States' national security."
The European Union (EU) condemned the U.S.' trade maneuver in similar tones on Thursday. Jean-Claude Juncker, president of the European Commission, said the EU had no choice but to introduce countermeasures.
Mexico, too, said it would impose tariffs in response to the U.S. actions.
--Reuters contributed to this report.