In The News
If there’s a trade war between the U.S. and China, don’t blame Donald Trump : China started it long before he became president.
HANOI/SINGAPORE (Reuters) - Vietnam has halted an oil drilling project in the “Red Emperor” block off its southeastern coast licensed to Spanish energy firm Repsol following pressure from China, three sources with direct knowledge of the situation told Reuters on Friday.
GENEVA — The handsome stone edifice that serves as the headquarters for the World Trade Organization rises like a fortress over Lake Geneva, projecting an air of impregnability. But lately the institution looks vulnerable, sowing worries that global commerce itself may be in jeopardy.
America’s message to investors overseas has long been that the U.S. is open for business. Now a presidential administration that says "America First" is pushing back, and one of its tools is a formerly obscure committee that works behind closed doors.
Fears of a trade war heightened on Thursday as the Trump administration slapped trade sanctions on China, including restrictions on investment and tariffs on $60bn worth of products.
A Chinese foreign ministry spokeswoman said Beijing would “take all legal measures to protect our interest” if the US took “actions that will harm both China and itself”.
The trade conflict between China and the U.S. escalated, with Beijing announcing its first retaliation against metals levies hours after President Donald Trump outlined fresh tariffs on $50 billion of Chinese imports and pledged there’s more on the way.
The revelation that a foreign nation is actively spying on a government building is usually a big deal. Yet in January 2018 when a Le Monde investigation exposed that the Chinese-financed and constructed African Union building in Addis Ababa, Ethiopia had been bugged by Beijing, the outcry was muted.
China has sold Pakistan an advanced tracking system that could boost Islamabad's efforts to improve ballistic missiles capable of delivering multiple warheads, according to The South China Morning Post.
BEIJING—China’s government criticized the U.S.’s planned punitive actions on Chinese exports and investment, warning that it will take “all necessary measures” to respond and decrying Washington’s approach to the countries’ trade disputes.
SAN FRANCISCO/BEIJING (Reuters) - When Apple Inc begins hosting Chinese users’ iCloud accounts in a new Chinese data center at the end of this month to comply with new laws there, Chinese authorities will have far easier access to text messages, email and other data stored in the cloud.