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Next round of U.S. tariffs on China at least a month away: Mnuchin

3 days ago DieselGasoil Comments Off on Next round of U.S. tariffs on China at least a month away: Mnuchin
WASHINGTON/BEIJING (Reuters) – The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Treasury Secretary Steven Mnuchin testifies before the House Financial Services Committee hearing on “The Annual Testimony of Read More

Mnuchin says more U.S. tariffs on China at least a month away

3 days ago DieselGasoil Comments Off on Mnuchin says more U.S. tariffs on China at least a month away
WASHINGTON/BEIJING (Reuters) – The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Treasury Secretary Steven Mnuchin testifies before the House Financial Services Committee hearing on “The Annual Testimony of the Read More

Trudeau warns China against ‘arbitrary detention’ as Canada works to ship Huawei CFO to US

4 days ago DieselGasoil Comments Off on Trudeau warns China against ‘arbitrary detention’ as Canada works to ship Huawei CFO to US
Canadian PM Justin Trudeau has called on the West to counter China’s “aggression,” as Ottawa tries to get back two alleged spies arrested by Beijing. Canada, meanwhile, is working to extradite a Huawei executive to the US. “China is making stronger moves than it has before to try and get its own way on the Read More

China ready for further U.S. trade talks, ambassador says

4 days ago DieselGasoil Comments Off on China ready for further U.S. trade talks, ambassador says
WASHINGTON (Reuters) – Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume trade talks with Washington, but blamed the U.S. side for frequently “changing its mind” on tentative deals to end U.S.-China trade disputes. FILE PHOTO: China’s ambassador to the United States Cui Tiankai responds to reporters Read More

Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year

4 days ago DieselGasoil Comments Off on Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year
The spiraling economic meltdown in Zimbabwe is expected to worsen in 2019, partly due to the out-of-control inflation, the country’s Treasury statistics show. The economy is expected to contract 20 percent in dollar terms in 2019. According to the data, Zimbabwe’s GDP rose four percent last year, but the inflation rate accelerated from 20.85 percent Read More

‘Slaves in our own nation’: South Africa’s ANC urges economic freedom against white monopoly capital

5 days ago DieselGasoil Comments Off on ‘Slaves in our own nation’: South Africa’s ANC urges economic freedom against white monopoly capital
The struggle for economic emancipation of South Africa’s black population should be unstoppable, according to the ANC (African National Congress) secretary-general Ace Magashule. Speaking at a memorial lecture in honor of South African activist Walter Sisulu, he said that “dark forces” in the ruling party are hellbent on distracting from the struggle for economic freedom Read More

China’s tough rhetoric leaves trade talks with U.S. in limbo

1 week ago DieselGasoil Comments Off on China’s tough rhetoric leaves trade talks with U.S. in limbo
WASHINGTON/BEIJING (Reuters) – China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course. The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, U.S. officials accuse China of Read More

China’s tough trade rhetoric leaves talks with U.S. in limbo

1 week ago DieselGasoil Comments Off on China’s tough trade rhetoric leaves talks with U.S. in limbo
WASHINGTON/BEIJING (Reuters) – China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course. The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, U.S. officials accuse China of Read More

US blacklists Huawei as Trump declares ‘national emergency’

1 week ago DieselGasoil Comments Off on US blacklists Huawei as Trump declares ‘national emergency’
Donald Trump has declared a “national emergency” as his administration imposed severe sanctions on Chinese telecoms giant Huawei. The president signed an executive order which – while it did not name Huawei – bars US companies from using telecommunications equipment made by firms deemed to pose a national security risk. Hours later, the administration took Read More