News Articles on {?keyword?} | ABS-CBN News

Trump says considering TikTok ban as China row deepens

Agence France-Presse
Posted at Jul 08 07:37 PM

US President Donald Trump said he is considering banning the wildly popular video-sharing app TikTok as a way to punish China over the coronavirus pandemic, remarks China described Wednesday as "a malicious smear".   Read more »

US House passes bill to sanction Chinese banks over Hong Kong

Reuters
Posted at Jul 02 08:57 AM

The US House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi called a "brutal, sweeping crackdown" on Hong Kong. Read more »

Trump threat to 'decouple' US and China hits trade, investment reality

David Lawder, Reuters
Posted at Jun 24 07:57 AM

Conflicting talk from Trump administration officials about "decoupling" the US economy from China is running into a challenging reality: Chinese imports of US goods are rising, investment by American companies into China continues, and markets are wary of separating the world's biggest economies. Read more »

US-China trade deal 'impacted' by coronavirus

Agence France-Presse
Posted at Jun 11 10:01 PM

US-China tensions have been rising this year since the signing of a partial trade deal in January, with officials swapping barbs over the origin of the pandemic -- which first surfaced in central China and has since ravaged the global economy. Read more »

China says US trade sanctions on Hong Kong violate WTO rules

Reuters
Posted at Jun 04 08:41 PM

Washington's decision to strip Hong Kong of its special trading status violates rules of the World Trade Organization, China said Thursday. Read more »

Huawei CFO could be set free next week by extradition ruling

Ian Young, South China Morning Post
Posted at May 22 09:27 AM

A crucial ruling in the extradition case against Huawei executive Meng Wanzhou that could see her set free will be issued by a Canadian judge next week, British Columbia's Supreme Court announced on Thursday. Read more »

Huawei says 'survival' at stake after US chip restrictions

Dan Martin, Agence France-Presse
Posted at May 18 07:16 PM

Huawei on Monday assailed the latest US move to cut it off from semiconductor suppliers as a "pernicious" attack that will put the Chinese technology giant in "survival" mode and sow chaos in the global technology sector. Read more »

China warns of 'necessary measures' to defend Huawei

Agence France-Presse
Posted at May 18 08:14 AM

China on Sunday warned it would take "necessary measures" to protect Huawei and other firms after the United States announced new restrictions on the tech giant's purchases of semiconductor technology.  Read more »

G20 vows to avoid 'unnecessary' trade barriers

Agence France-Presse
Posted at May 15 08:21 AM

The G20 on Thursday pledged to avoid "unnecessary" trade barriers on essential goods including food during the coronavirus pandemic, after the WTO and IMF warned over the growing use of export restrictions. Read more »

Huawei chip unit orders up more domestic production as U.S. restrictions loom -sources

Josh Horwitz, Reuters
Posted at Apr 16 07:14 PM

Huawei Technologies Co Ltd is gradually shifting production of chips designed in-house away from Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and towards a mainland Chinese firm in preparation for more US restrictions, sources familiar with the matter said. Read more »

China planner says regions at low risk of virus must resume activity

Reuters
Posted at Feb 25 05:58 PM

Chinese regions deemed at low risk from the coronavirus outbreak should fully resume normal activities and end transport bans, an official at the state planning agency said on Tuesday. Read more »

China cuts loan rate as it battles coronavirus impact

Agence France-Presse
Updated as of Feb 20 03:17 PM

China on Thursday announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak.   Read more »

China to waive tariffs on US medical imports while fighting virus outbreak

Agence France-Presse
Posted at Feb 18 06:38 PM

Patient monitors, blood transfusion equipment and instruments to measure blood pressure are among the products that qualify for the exemptions, according to a list released by the Tariff Commission of the State Council. Read more »

Virus outbreak pushes up China's inflation to highest level in 8 years

Kyodo News
Posted at Feb 10 07:18 PM

China's consumer prices rose at their fastest pace in over eight years in January, as uncertainties about the outbreak of a new coronavirus prompted people to stock up on daily necessities. Read more »

World stocks rally, safe-haven currencies drop on China plan to cut tariffs

Herbert Lash, Reuters
Posted at Feb 07 08:24 AM

The yield on Germany's benchmark 10-year Bund touched its highest in almost 2 weeks and US Treasury yields rose as investors bet China's efforts to contain the deadly coronavirus would mitigate its impact on the global economy. Read more »

China to cut tariffs on $75 billion in US imports

Beiyi Seow, Agence France-Presse
Posted at Feb 06 02:30 PM

The reduction will apply to levies of five percent and 10 percent that were imposed on more than 1,700 items in September, according to the State Council Tariff Commission.   Read more »

Wuhan coronavirus outbreak seen to worsen disruption in global supply chain - expert

ABS-CBN News
Posted at Feb 05 06:02 PM

Alex Capri, research fellow at Hinrich Foundation, says the Wuhan coronavirus outbreak adds another disruption to an already disrupted global supply chain. Capri notes that the rapid spread of the virus is already causing production delays.   Read more »

US economy misses Trump's 3 percent growth target in 2019

Lucia Mutikani, Reuters
Posted at Jan 30 10:09 PM

The US economy missed the Trump administration's 3 percent growth target for a second straight year, posting its slowest annual growth in three years in 2019 as the slump in business investment deepened amid damaging trade tensions. Read more »

Trump threatens big tariffs on car imports from EU if no trade deal struck-CNBC

Reuters
Posted at Jan 22 08:11 PM

US President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal. Read more »

France, US move towards temporary truce in trade war

Liz Alderman, Jim Tankersley and Ana Swanson, The New York Times
Posted at Jan 22 11:41 AM

The apparent détente emerged after Macron and President Donald Trump agreed in a phone call late Sunday to grant more time for negotiations over a global solution to taxing Amazon, Facebook and other digital companies. Read more »