Latest China News

Asian shares mostly lower, weighed by trade tensions

Jul. 17, 2018 2:14 AM EDT

SINGAPORE (AP) — Asian markets were mostly lower on Tuesday following a mixed day on Wall Street, as tensions over U.S. tariffs overshadowed data suggesting global growth is still on track. KEEPING SCORE: Japan's benchmark Nikkei 225 bucked the regional trend, gaining 0.4 percent to 22,697.36 after...

Asian stocks fall, weighed by tensions over US trade tariffs

Jul. 16, 2018 11:26 PM EDT

SINGAPORE (AP) — Asian markets fell on Tuesday as mounting tensions over U.S. tariffs overshadowed data suggesting global growth was still on track. KEEPING SCORE: South Korea's Kospi lost 0.2 percent to 2,297.64 and Hong Kong's Hang Seng lost 1.0 percent to 28,247.53 in morning trading. The Shanghai...

US challenges China, EU and others at WTO over steel tariffs

Jul. 16, 2018 5:06 PM EDT

WASHINGTON (AP) — The Trump administration on Monday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum. The United States has imposed tariffs of 25 percent on steel and 10...

The Latest: Trump tweets US, Russia 'must get along'

Jul. 16, 2018 3:54 PM EDT

HELSINKI (AP) — The Latest on President Donald Trump's summit with Russian President Vladimir Putin (all times local): 10:45 p.m. Facing withering bipartisan criticism over his refusal to publicly acknowledge Russian election meddling during his meeting with President Vladimir Putin, President Donald Trump...

Q&A: World Trade Organization's role in US-China dispute

Jul. 16, 2018 1:38 PM EDT

FRANKFURT, Germany (AP) — China is turning to the World Trade Organization as a way to fight back against the latest tariffs proposed by U.S. President Donald Trump. Its complaint to the organization, which oversees global trade rules, comes less than one week after the U.S. government proposed 10 percent...

Heading for clouds: Aviation sector faces trade turbulence

Jul. 16, 2018 12:30 PM EDT

LONDON (AP) — Aviation is soaring: Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders. So what could possibly go wrong? One big thing: A trade war. Aircraft makers at this week's Farnborough International Airshow, a biannual extravaganza where...

US retail sales rise at a healthy 0.5 percent pace in June

Jul. 16, 2018 11:47 AM EDT

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism. The Commerce Department said Monday that sales at retailers and restaurants increased 0.5 percent in June, following a big 1.3 percent gain the previous...

Small businesses are upbeat, but tariff fallout is a threat

Jul. 16, 2018 11:27 AM EDT

Small business owners remain generally optimistic, two recent reports show, but economists say the escalating trade disputes between the U.S. and its biggest trading partners could turn their upbeat attitude around. A survey of business brokers showed that small companies have remained hot commodities as buyers...

China files WTO challenge to US $200B tariff plan

Jul. 16, 2018 9:39 AM EDT

BEIJING (AP) — China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute. The Trump administration has criticized the WTO as unable to deal with the...

China slowdown weighs on markets as Trump meets Putin

Jul. 16, 2018 8:07 AM EDT

LONDON (AP) — A slowdown in Chinese economic growth weighed on global stock markets Monday as investors kept a close watch on a summit U.S. President Donald Trump with Russian President Vladimir Putin. KEEPING SCORE: In Europe, Germany's DAX fell 0.2 percent to 12,521 while the CAC 40 in France was down...