China immediately slapped retaliatory tariffs on U.S. imports on Friday after the U.S. imposed duties on $34 billion worth of Chinese products, signaling the start of a full-blown trade war between the world’s two largest economies.
The continuous fall in domestic rubber production is worrying the tyre industry, with consumption moving up following industry initiatives to boost domestic manufacturing.
SYDNEY (Reuters) - Asian shares sought to rally for a third session on Tuesday as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive.
TOKYO (Reuters) - Oil prices inched up in early Asian trading on Monday, with many investors focused on any fallout from the U.S. imposition of tariffs on Chinese goods at the end of last week, which prompted immediate retaliation from China.
SYDNEY (Reuters) - Asian share markets crept higher on Monday following favorable U.S. jobs data, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.
LONDON (Reuters) - China’s yuan will have failed to reverse June’s losses against the U.S. dollar even in a year from now, according to a Reuters poll of foreign exchange strategists that was conducted before the U.S. was due to impose steep tariffs on Chinese exports.