Salam El Zaatari, 10/04 09:30 - Reading : 5 minute(s)
In the age of globalization, few leaders have dared to question the structure that underpins the modern world economy. Donald Trump didn’t just question it, he took a wrecking ball to it. His tariff-first economic approach, widely criticized as reckless, may actually represent the beginning of a hard but necessary conversation: Should America ...
This is Beirut, 10/04 08:30 - Reading : 5 minute(s)
United States Donald Trump Tariffs China
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. After days of turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump's announcement that he was halting a levy hike for almost all ...
Liliane Mokbel, 09/04 21:35 - Reading : 3 minute(s)
Donald Trump United States China Oil Market
Oil prices plunged on Wednesday due to the escalating trade war between the United States and China, with Brent crude falling below $60 per barrel for the first time in four years. At around 11:20 GMT (13:20 in Paris), the price of North Sea Brent crude for June delivery dropped by 5.52% to $59.35, briefly reaching a low of $58.47 during the ...
This is Beirut, 09/04 18:08 - Reading : 2 minute(s)
Donald Trump United States China Tariffs Trade
China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said Wednesday, hours after similar levies by the United States came into force. US President Donald Trump's latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing duties on Chinese products up to 104 ...
This is Beirut, 09/04 17:55 - Reading : 2 minute(s)
The EU said Wednesday it is considering streamlining artificial intelligence and data rules as part of a broader push to help European businesses keep up with US and Chinese rivals. The European Union long heralded its legal arsenal on tech as an example for the world, but the tone has shifted since the return of US President Donald Trump. Just ...
This is Beirut, 09/04 05:45 - Reading : 4 minute(s)
United States China Tariffs Economy Markets
US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war. Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates ...
This is Beirut, 08/04 17:50 - Reading : 3 minute(s)
Ukraine China Volodymyr Zelensky
President Volodymyr Zelensky said Tuesday that Ukrainian troops had captured two Chinese citizens fighting alongside Russian forces, adding that Kyiv would demand an explanation from Beijing and a reaction from its allies. Moscow and Beijing have in recent years boasted of their "no limits" partnership and deepened political, military, and ...
This is Beirut, 08/04 09:15 - Reading : 6 minute(s)
Donald Trump China Beijing Tariffs
China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. Trump has upended the world economy with sweeping tariffs that have raised the specter of an international recession but has ruled out any ...
This is Beirut, 07/04 10:15 - Reading : 6 minute(s)
Donald Trump United States Tariffs China Asia
Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills, with Hong Kong's loss of 12 percent its worst in more than 16 years, while Taipei ...
This is Beirut, 05/04 11:20 - Reading : 3 minute(s)
United States Donald Trump China Tariffs
President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy. A 10 percent "baseline" tariff came into place past midnight, hitting most US imports except goods from Mexico and Canada as Trump invoked emergency economic ...
Christiane Tager, 05/04 08:55 - Reading : 2 minute(s)
United States China Trade war Tariffs
The global stage is in full turmoil. Donald Trump, acting as the grand conductor, has introduced new tariffs that have shaken stock markets and spread panic across the world economy. But the curtain hasn’t dropped yet. China, a major player, is preparing its counterattack and will, as of April 10, impose a 34% tax on American products. The game ...
This is Beirut, 04/04 15:55 - Reading : 5 minute(s)
Donald Trump United States Tariffs China economic war
China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods. AFP looks at how an escalating trade war between the United States and China is playing out—and what impact it might have. Why is China so vulnerable to tariffs? Trade between the world's two largest ...