BANGKOK (AP) — World stock markets rose Tuesday as investor awaited news on progress in negotiations on the trade dispute between China and the United States. An update could come later in the day, when U.S. President Donald Trump is scheduled to give a speech on trade and economic policy at the Economic Club of New York. London’s FTSE 100 picked up 0.4% to 7,354, while the CAC 40 in Paris rose 0.2% to 5,904. Germany’s DAX advanced 0.6% to 13,271. Wall Street looked set for gains, with the futures for the Dow and the S&P 500 both up 0.1%. Markets were rattled Monday after Trump cast doubts over a Chinese official’s comments on gradually rolling back tariffs as negotiations progress. Both sides agreed last month to hold off on further tariff increases as they thrash out a “Phase 1” agreement that the U.S. says is meant to settle basic issues before moving on to more complex disagreements. The status of the talks remains murky. But the Dow Jones … [Read more...] about World stocks rise as investors await US-China trade moves
UNITED NATIONS (Reuters) - The United States and 22 other countries at the United Nations pushed China on Tuesday to stop detaining ethnic Uighurs and other Muslims, prompting China’s U.N. envoy to warn it was not “helpful” for trade talks between Beijing and Washington. FILE PHOTO: The head of the Chinese delegation Assistant Minister of Foreign Affairs Zhang Jun delivers his opening remarks during a Treaty on the Non-Proliferation of Nuclear Weapons (NPT) conference in Beijing, China, January 30, 2019. REUTERS/Thomas Peter/Pool China has been widely condemned for setting up complexes in remote Xinjiang that it describes as “vocational training centers” to stamp out extremism and give people new skills. The United Nations says at least 1 million ethnic Uighurs and other Muslims have been detained. “It’s hard to imagine that on the one hand you are trying to seek to have a trade deal, on the other hand you are making use of any … [Read more...] about China warns U.S. that criticism over Uighurs not ‘helpful’ for trade talks
FILE PHOTO: The head of the Chinese delegation Assistant Minister of Foreign Affairs Zhang Jun delivers his opening remarks during a Treaty on the Non-Proliferation of Nuclear Weapons (NPT) conference with the UN Security Council's five permanent members (P5) China, France, Russia, Britain, and U.S., in Beijing, China, January 30, 2019. REUTERS/Thomas Peter/Pool UNITED NATIONS (Reuters) - China’s U.N. Ambassador Zhang Jun warned on Tuesday that U.S. criticism at the world body of Beijing’s policy in remote Xinjiang was not “helpful” for negotiations between the two countries on a trade deal. The United States, Britain and 21 other states pushed China on Tuesday at the U.N. to stop detaining ethnic Uighurs and other Muslims, a move that was countered by Beijing and some 53 countries jointly defending its “remarkable” rights record. “The trade talks are going on and we are seeing progress,” Zhang told reporters. “I do not … [Read more...] about China warns U.S. criticism at U.N. over Xinjiang not ‘helpful’ for trade talks
In the latest round of proposed tit-for-tat import barriers amid the current US-China trade row, Beijing has among other things threatened to double its duties on car imports from the United States. This would lead to a 50-percent tariff on inbound car shipments from the US. The United States has about two months to officially comment on China's proposed tariffs as Beijing is waiting for US action before implementing any retaliatory measures. But should China eventually slap higher import duties on cars, it would have no small impact as US factories export around 270,000 cars to China annually, with the Asian nation sending relatively few cars in the opposite direction. Watch video 01:35 Share China threatens to match US import taxes Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine Permalink https://p.dw.com/p/2vVFw China threatens to match US import taxes It would definitely be a blow to US … [Read more...] about German carmakers among the biggest losers in US-China trade row?
While meeting on the sidelines of the BRICS Summit, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping agreed that the new high-level mechanism to reduce the $53 billion trade deficit between the two countries should meet an early date. "The two leaders agreed that the new High-Level Mechanism on Trade and the Economy should meet at an early date. Both agreed on the importance of maintaining close dialogue on matters relating to trade and investment," said the Indian external affairs ministry. This is the first meeting of both the leaders after their second informal summit in Mamallapuram near Chennai, India last month. Both India and China had then agreed to set up a ministerial group headed by Finance Minister Nirmala Sitharaman and China's Vice Premier Hu Chunhua. Worried about the influx of cheap Chinese goods into India and China's stand on non-tariff barriers, the Indian prime minister withdrew from RCEP on 4 November, during the summit meeting in … [Read more...] about India, China Agree to Hold Talks on Trade Deficit ASAP Days After Modi Opted Out of RCEP