China vows retaliation if Trump slaps 25 percent tariff on $200 billion of Chinese imports
China said on Wednesday that “blackmail” wouldn’t work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a 25 percent tariff on $200 billion worth of Chinese goods.
Iran’s parliament summons Rouhani as economy falters under U.S. pressures
Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported on Wednesday.
Japan’s labor crunch is reshaping how companies attract workers
(This August 1 story has been corrected to remove erroneous information in 17th paragraph)
China says it will retaliate if U.S. takes further trade measures
China said on Wednesday it will retaliate if the United States takes further steps hindering trade, after a source said the Trump administration proposes slapping 25 percent tariffs on $200 billion of imported Chinese goods.
Asian shares lose steam as U.S. tariff plan stokes trade fears
Asian shares gave up ground on Wednesday, with weak data in the region and fears of an imminent escalation in the tariff war between the United States and China pulling markets lower even as strong earnings out of the U.S. provided some support.
Asian factories slow as China-U.S. trade conflict starts to bite
Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China sent shudders through their trading partners.
Huawei overtakes Apple as world No. 2 smartphone seller, gains ground in China
China’s Huawei Technologies overtook Apple Inc to become the world’s second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained ground in Europe and expanded its lead back home.
China Baidu’s second quarter exceeds expectations, powered by ad sales growth
Chinese internet search giant Baidu beat expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business, easing the pressure of funding a major expansion into new technology areas.
Mexican officials optimistic about NAFTA news in coming days
Mexican negotiators are optimistic about the possibility of getting a NAFTA deal and are hopeful of progress in coming days, the country’s deputy economy minister said ahead of a second ministerial meeting in Washington later this week.
Asian shares edge up, but U.S. tariff plan stokes trade fears
Most Asian shares crept higher on Wednesday following a firm Wall Street finish, but gains were curbed by weak data in the region and intensifying fears over volatile Sino-U.S. trade relations.
