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China hits back with tariffs on US goods after Trump imposes new levies
China on Tuesday slapped tariffs on U.S. imports in a swift response to new U.S. duties on Chinese goods, renewing a trade war between the world’s top two economies as President Donald Trump sought to punish China for not halting the flow of illicit drugs. Trump’s additional 10% tariff across all Chinese imports into the U.S. came…
Oil falls amid U.S. tariff pause on Mexico, Canada
Oil prices retreated on Tuesday as U.S. President Donald Trump paused for a month a decision on steep tariffs on Mexico and Canada, the United States’ biggest foreign oil suppliers, while prospects of higher OPEC+ supplies from April also weighed. Brent futures fell 50 cents, or 0.7%, to $75.46 a barrel by 0432 GMT, while U.S. West Texas…
Putin Says He’s Ready to Discuss Oil, Energy Issues With Trump
Russian President Vladimir Putin said he’s ready to discuss crude oil prices and other energy issues at a face-to-face meeting with US leader Donald Trump. Both Russia and the US are top global oil producers and consumers, Putin said in an interview with state-owned Rossiya 24 TV. Price movements in the commodity impacts both economies,…
Qatar drafting new laws to attract foreign investors
Qatar plans to introduce three new laws as part of a sweeping review of legislation designed to make the Gulf Arab state more attractive to foreign investors, the new minister of commerce and economy told Reuters. Sheikh Faisal bin Thani Al Thani said in an interview that Qatar plans to introduce new legislation including a…
US firms in Europe fear worsening relations as Trump arrives
Nine out of 10 US firms operating in Europe believe transatlantic economic relations will worsen in coming years, with the expected policies of incoming US President Donald Trump such as tariffs the chief cause, according to a survey published on Monday. The American Chamber of Commerce to the European Union , which has more than…
Top Beijing official urges Elon Musk to deepen ties with China
Chinese Vice President Han Zheng met with tech tycoon Elon Musk and urged US firms to “seize the opportunity” to deepen economic ties with China, Beijing’s state media said Monday. Han — who is set to attend the inauguration of US President-elect Donald Trump later on Monday — met with Musk and other American business…