China’s top leaders plan to convene a meeting as early as Wednesday to discuss measures to boost the economy and stabilize the capital markets, people with knowledge of the matter said, amid an escalating trade war with the US. The meeting comes as US duties on Chinese imports nearly doubled to 104 percent on Wednesday…
China on Thursday said it “firmly opposes” sweeping new US tariffs on its exports and vowed “countermeasures to safeguard its own rights and interests.” US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world and harsh extra duties on key trading partners. The…
US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March 12, ramping up a long-promised trade war despite warnings from Europe and China. “Today I’m simplifying our tariffs on steel and aluminum,” Trump said Monday in the Oval Office. “It’s 25 percent without exceptions or exemptions.”…
