The sale comes amid tighter restrictions from the United States in May, which blocked the Chinese tech giant’s access to software and semiconductors made with US technologies. Ren Zhengfei, founder of Huawei Technologies, said he hoped Honor would become a strong competitor in the smartphone market and even surpass his company in the future, the […]
China is slowly reorienting its economy “away from North America” and “towards the rest of Asia” as evidenced by the newly finalised Regional Comprehensive Economic Partnership that it has signed with 15 fellow Asian countries, covering 2.3 billion people, an economic analyst tells Sputnik. The world’s largest trading block, led by China, finalised a new […]
A top US State Department official has praised Germany for strengthening regulations on Chinese company Huawei. However, Berlin decided against caving into pressure and banning the company outright, reports say. A tour by Keith Krach, US undersecretary of state for economic affairs, is part of repeated attempts by the US to discourage European countries from […]
The world’s fourth-largest processor company may potentially strike fresh deals with a leading Chinese smartphone company as a trusted supplier amid the ongoing US trade war on China, it was revealed in reports this week. Huawei subsidiary smartphone maker Honor confirmed it would seek to acquire MediaTek 5G processors for upcoming mobile product lines, reports […]
This week, in defiance of the Trump administration, London formally granted Chinese tech giant Huawei the right to build part of the UK’s 5G mobile internet network, albeit capping its UK market share at 35 percent and restricting involvement to “non-core” infrastructure. The US, which lobbied intensely to block Huawei, expressed disappointment.
US President Donald Trump complained this week at the World Economic Forum in Davos that the United States has not been “treated fairly” by the World Trade Organization (WTO). Professor Richard Wolff joins Boom Bust to discuss Trump’s comments, and what may be in store for Transatlantic relations.
Three European signatories to the Joint Comprehensive Plan of Action, also known as Iran nuclear deal, initiated the accord’s dispute mechanism on 14 January thus threatening to put an end to the agreement’s existence following the US withdrawal from it in 2018. German Defence Minister and head of a governing coalition party, the CDU, Annegret […]
US tariffs meant to boost the US economy by eliminating “unfair” trade practices, primarily by China, actually took a toll on manufacturing sector jobs and hiked prices, a study by the US Federal Reserve Board has concluded. The Fed has become the latest body to stress the damaging consequences of “unprecedented” punitive tariffs unleashed by […]
Very ‘disturbing’ documents have been submitted to the Federal Aviation Administration by Boeing on the same day the company fired its CEO Dennis Muilenburg. They contained a new batch of messages between Boeing employees on the development of the troubled 737 MAX, showing concerns about the aircraft.
This comes amid US President Trump’s announcement that the signing site of the ‘phase one’ trade deal with China would be announced ‘soon’. A World Trade Organization’s arbitrator ruled Friday that China could impose $3.6 billion worth of tariffs on US goods over its unfair anti-dumping practices.
The statement comes in response to the imposition of tariffs by the United States on a record $7.5 billion worth of EU goods, after the WTO ruled that EU nations gave illegal state aid to Airbus.
Chinese trade negotiators suddenly changed their plans on Friday, cancelling a visit to meet US farmers after they wrapped up trade talks in Washington this week. The Chinese delegation has changed its travel schedule heading back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of national affairs.
The trade war between the world’s two largest economies entered a new phase on Sunday, as US tariffs targeting Chinese-made products and Beijing’s retaliatory hikes on American imports both kick in.
It is alleged that the phone call, in which Chinese officials invited their US counterparts to resume trade talks, didn’t happen the way Donald Trump described it did. The POTUS has yet to comment on the speculation.
The Dow Jones saw a steep drop of 700 points after a threat from Beijing to slap new tariffs on billions of dollars in American goods, and a harsh response from US President Donald Trump, but picked up before ending 621 down.