Merkel: US No Longer ‘Automatically’ Plays Role of Europe’s Defender

posted in: Germany, News

TEHRAN (FNA)- Speaking before the lower house of parliament in Berlin, German Chancellor Angela Merkel stated on Wednesday that the US will no longer defend Europe automatically and that the latter should make more efforts to defend itself. “Europe is … Read More

China to remove tariffs on some U.S. products, but not pork or soybeans

posted in: Far East, News

A fisherman carries fish near a port in Qingdao, China’s Shandong province, on Sept. 1. Beijing agreed to exempt some animal-feed products, such as fish meal, from retaliatory tariffs. (Str/AFP/Getty Images) BEIJING —  China extended an olive twig, rather than a … Read More

German Chancellor Angela Merkel hopes US-China trade war will be over soon

German Chancellor Angela Merkel at a welcome ceremony with Chinese Prime Minister Li Keqiang before their meeting at the Great Hall of the People in Beijing yesterday.PHOTO: DPA German Chancellor looks to start a new phase in EU ties with … Read More

World powers need to help the US win a trade deal with China, says ex-Trump negotiator

posted in: News, World News

KEY POINTS One “critically important” thing to a trade deal is unity from allies — and it is in the “self-interest” of Europe, Japan and others to work with the U.S. on those trade issues, he added, said former top White … Read More

Graham: ‘Accept the pain’ that comes with trade between US and China

Sen. Lindsey Graham, R-S.C., said on Sunday that Democrats should not criticize President Trump for taking on China over trade as they have complained for years about Beijing’s policies but done nothing. “Every Democrat and every Republican of note has said China cheats,” Graham … Read More

China announces it seeks ‘calm’ end to trade war, as markets tank and currency hits 11-year flatline

China signaled Monday it is now seeking a “calm” end to its ongoing trade war with the U.S. and President Trump voiced optimism about a deal, as Asian markets crumbled and China’s currency plummeted to an 11-year low following the latest tariffs on $550 billion … Read More

China announces tariff hike on $75 billion of US products

China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also … Read More

Trade war explodes as Trump clashes with US firms over ‘order’ to abandon China, block fentanyl shipments

President Trump’s trade war with China boiled over Friday as Beijing slapped retaliatory tariffs on America and the president declared he’s ordering U.S. companies to prepare to leave the country and relocate back home — prompting pushback from corporate America. “Our great American companies are … Read More

China Further Weakens Yuan to 11-Year Low After US Blacklists Beijing as ‘Currency Manipulator’

posted in: Far East, News

In a statement on 6 August, the People’s Bank of China (PBOC) slammed Washington’s decision to designate China as a “currency manipulator”. China’s yuan has continued its nosedive, weakening to 7.0488 to the US dollar on Wednesday, about 0.4 percent … Read More

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