Trade war counter attack? China slams Apple with iPhone sale ban over ‘patent violations’

Chinese courts have granted a preliminary injunction to US chip-maker Qualcomm which would effectively ban the majority of older iPhone models from sale in China, in a possible trade war counter attack. On the surface, the battle is between two major name tech companies, Apple and Qualcomm, who have been engaged in high-stakes legal battles […]

US companies forked over a record amount of tariffs in October ($6.2 billion!) because of Trump’s trade war

Jonathan Ernst/Reuters US companies are paying more than ever before in tariff duties: $ 6.2 billion in October. The October tariff collections represented a 104% jump from October 2017. The sudden spike came due to President Donald Trump’s tariffs on steel, aluminum, and Chinese goods. US companies paid $ 2.2 billion more to import goods […]

A trade truce between America and China is over as soon as it began

AFTER A WORKING dinner between Presidents Donald Trump and Xi Jinping on December 1st, it seemed as if a truce had been called in their two countries’ rumbling trade war. “This was an amazing and productive meeting,” said Mr Trump. But the truce is already at risk of unravelling. On December 5th Canada’s justice department […]

China ‘confident’ trade agreement with US can be reached within 90 days – official

Published time: 6 Dec, 2018 11:12 Beijing wants to strike a trade deal with Washington within three months, China’s commerce ministry announced Thursday in its first comment on US-China trade negotiations since presidents Xi and Trump met in Argentina. READ MORE: Asian stocks sink after US orders arrest of senior Huawei executive in Canada “We are […]

Trump’s trade tweets not only threatened Asian markets this week but invited China to come save the day with a surprising and unorthodox message of trust

SAUL LOEB/AFP/Getty Images China’s reticent Ministry of Commerce (MOFCOM) intervened in declining Asian markets Wednesday, with a surprise message of trust, during the increasingly opaque trade war truce supposedly delivered at the G20 leaders summit in Argentina. That stands in pretty stark contrast to the volley of Tuesday tweets from President Donald Trump that smacked […]

Trump is about to play a dangerous game of chicken with Democrats to try to ram through his trade deal with Mexico and Canada

President Donald Trump said he would terminate the North American Free Trade Agreement (NAFTA) in the coming days. The move appears to be a ploy to force Congress to pass Trump’s update to the NAFTA agreement, the US-Mexico-Canada Agreement (USMCA). Both Democrats and Republicans have raised concerns with the USMCA. But such a move would […]