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China's exports start year slow as US trade war intensifies
China's exports grew slower than expected in the first two months of the year, official data showed Friday, as a deepening trade war with the United States piles on economic malaise. Exports in US dollar terms in January and February combined grew 2.3 percent compared to the same period last year, official data from China's customs administration showed Friday.
Asian stocks, bitcoin down as trade uncertainty roils markets
Asian stocks tumbled at the open Friday following a tough day on Wall Street as uncertainty over US President Donald Trump's trade policies roiled markets and traders awaited key US jobs data. Traders were looking ahead to Friday's US jobs report for February, a key indicator of economic health.
China tariffs aimed at Trump fan base but leaves wiggle room
China's retaliatory tariffs against US farm produce from corn to chicken are designed to hurt Donald Trump's voter base, but remain restrained enough to allow room for the adversaries to hash out a trade deal, analysts say.
China will 'firmly counter' US trade pressure: top diplomat
China's foreign minister on Friday vowed Beijing would "firmly counter" US pressure, after Donald Trump heaped tariffs on Chinese goods and torched off a trade war between the world's two largest economies.
Australian casino firm scrambles for cash to survive
Troubled Australian casino operator Star Entertainment said Friday it is trying to sell its stake in a major resort to raise desperately needed cash. Star Entertainment was discussing selling its 50-percent stake in the Brisbane joint venture to the two partners -- so far in vain, it said.
Trump car tariff pivot and Detroit's 'Big Three'
After an outcry from Detroit, President Donald Trump has granted one-month tariff exemptions on most auto imports from Canada and Mexico, underscoring the continued clout of US carmakers. While greeting Trump's tariff reprieve for USMCA-covered auto imports, automakers recognized the pause is only for one month.
Trump says Musk should use 'scalpel' not 'hatchet' in govt cuts
President Donald Trump responded Thursday to growing criticism over unprecedented cuts to the US government overseen by his billionaire advisor Elon Musk, saying they should be carefully targeted. Trump told his team, with Musk in the room, that the tech billionaire was authorized to recommend firings and other cuts but not to enforce them, according to Politico.
Peru farmer confident ahead of German court battle with energy giant
A Peruvian farmer suing a German energy giant in a "David and Goliath" battle over climate change damage, says he has "full confidence" in the legal process in Germany. "I have full confidence in these processes," he told a press conference in Lima on Wednesday.
US trade gap hits new record in January as tariff fears loomed
The US trade deficit surged to a new record in January, government data showed Thursday, as imports spiked while tariff worries flared in the month of President Donald Trump's inauguration. In January, imports came in at $401.2 billion, and this was $36.6 billion more than the level in December, Commerce Department data showed.
AFP
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