Trade war could have “big, negative impact” on Singapore – PM Lee

By John Geddie SINGAPORE, April 19 : – Singapore is very vulnerable to an escalation of a trade dispute between the world’s two major economies, the United States and China, the city-state’s prime minister said in an opinion piece published by the Washington Post. In his article titled ‘Nobody wants a trade war’, Lee Hsien […]

China says ready to deal with any fallout from US trade row

By Yawen Chen and Se Young Lee BEIJING, Apr 19 : China is well prepared to handle any negative effects from its trade dispute with the United States, the commerce ministry said on Thursday, adding that China’s tariff hikes on U.S. imports will not have a big impact overall on its domestic industries. The United […]

Japan to propose new framework to discuss trade with US – Nikkei

By Leika Kihara TOKYO, Apr 14 : Japan will propose setting up a new framework to discuss trade issues with the United States in a summit next week, in hopes of persuading it to rejoin the Trans Pacific Partnership (TPP), the Nikkei newspaper said on Saturday. But the move could backfire, as U.S. President Donald […]

title=”WRAPUP 2-Trump says U.S. will only rejoin Pacific trade pact if terms are improved” data-text=”WRAPUP 2-Trump says U.S. will only rejoin Pacific trade pact if terms are improved” dir=”auto” class=”headline”>Trump says US will only rejoin Pacific trade pact if terms are improved

By David Chance and Tetsushi Kajimoto WASHINGTON/TOKYO, Apr 13 : U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade deal his administration walked away from last year, if it offered “substantially better” terms than those provided under previous negotiations. His comments, made on Twitter late Thursday, […]

China vows to fight back if U.S. escalates trade spat

By Se Young Lee and Yawen Chen BEIJING, Apr 12 : China’s commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington’s attempts at dialogue were not sincere, and vowed to retaliate if U.S. President Donald Trump escalates current tensions. China President Xi Jinping on Tuesday vowed to open […]

Global trade growth strong but at risk if spats escalate, WTO says

By Tom Miles GENEVA, April 12 : World goods trade will grow 4.4 percent this year, maintaining a rapid recovery that could nevertheless unravel if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Global trade growth was in the doldrums for a decade after the financial crisis, averaging […]