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 by Staff Writers Washington (AFP) Aug 1, 2018
US President Donald Trump is now considering a 25 percent tariff on $200 billion in Chinese imports, more than the 10 percent previously touted, reports said Tuesday. The US imposed 25 percent tariffs on $34 billion of Chinese products earlier this month, with plans to add another $16 billion of imports on Tuesday. Trump initially threatened to levy 10 percent on an additional $200 billion but that figure may now rise to 25 percent, sources told the Washington Post and Bloomberg. It would represent a ramping up of pressure over Washington's trade standoff with Beijing. Markets were however steady on Tuesday, given a boost by hopes for new negotiations. In 2017, the United States had a $376 billion trade deficit with China, which it is keen to cut. Trump recently threatened to slap punitive tariffs on all Chinese imports, which accounted for more than $500 billion last year.
Germany preparing first veto against Chinese takeover: report Frankfurt Am Main (AFP) July 26, 2018 Berlin is preparing for the first time to veto the takeover of a German company by Chinese investors for "strategic" reasons, local media reported Thursday, a year after ministers toughened up rules over fears the country could lose vital technologies. Business weekly Wirtschaftswoche reported the economy ministry will prevent Chinese investor Yantai Taihai Corporation from buying Leifeld Metal Spinning. The 200-employee firm produces high-strength parts for the car and aerospace industries that ... read more
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