Relations between the US and China continued to deteriorate this week, with both sides exchanging fiery language as a trade war looms. On Monday, US Secretary of State, Mike Pompeo, described China’s trade practices as “predatory,” and mocked recent messaging from Beijing about opening-up its economy. “Chinese leaders over these past few weeks have been... View Article

US President Donald Trump has threatened to impose a new 10 per cent tariff on up to US$200bn of Chinese goods, in the latest escalation of tensions between the world’s two largest economies. Last week, the US announced tariffs on US$50bn of Chinese imports, prompting China to vow reciprocal duties on 659 US products, the... View Article

A number of key indicators on the Chinese economy released this week highlight multi-year or record lows across industrial, construction and retail sectors – prompting concerns about the robustness of the world’s second-largest economy. The slowdown comes after the crackdown on risky lending practices that has caused borrowing costs to increase, the Straits Times reports.... View Article

US President Donald Trump looks set to push ahead with controversial tariffs on Chinese goods in a move that could prove the opening salvo in a long-feared trade war. According to the Financial Times, the President has approved a plan to proceed with up to US$50 billion of tariffs on Chinese imports as part of... View Article

President Xi Jinping hosted the 18th annual summit of the Shanghai Cooperation Organisation (SCO) over the weekend, welcoming Asian leaders including Indian Prime Minister Narendra Modi, Pakistan’s President Mamnoon Hussain and Russian President Vladimir Putin. As the G7 ended in disunity among western world leaders, the SCO ended with leaders stressing the importance of ‘developing... View Article

US President Donald Trump’s withdrawal from the joint communique following the G7 summit on Saturday has caused global headlines, with analysts focusing on personal motives behind the decision. The US reportedly agreed to endorse the communique, which emphasised a commitment to the “international rules-based order.” In a press conference after the summit, Canadian Prime Minister... View Article

The US is to relax its punitive measures against Chinese telecoms giant ZTE, removing a ban on the company from buying US parts. US Commerce Secretary Wilbur Ross announced yesterday that the Trump Administration has agreed to lift the ban, imposed in April and which was set to last for seven years. The Washington Post... View Article

As G7 leaders gather in Quebec for the 44th G7 summit, US President Donald Trump has already set a combative tone for the talks. Tweeting ahead of the summit, President Trump said he was “getting ready to go to the G-7 in Canada to fight for our country on Trade (we have the worst trade... View Article

The Association of South East Asian Nations (ASEAN) “matters to Britain and is a key component in the UK’s drive to increase trade with countries around the world,” the UK Minister of State for Trade and Export Promotion, Baroness Fairhead, said this week. In a comment piece highlighting the importance of ASEAN to UK trade,... View Article

Singapore has announced plans to set up an Artificial Intelligence (AI) advisory council as it moves ahead with plans to be a regional lead in big data and new technologies. Speaking of the plans – which The Business Times reports will include developing ethical standards for AI use – Minister for Communications and Information, S... View Article

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