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THE US-China trade war drummed up by Washington last month threatened to escalate to a full-scale confrontation when Beijing fired back last week with punitive taxes on a wide range of US goods entering China.
PETALING JAYA: Pundits have cautioned that Malaysia could become an unlikely victim of a full-blown trade war between the United States and China, taking a contrasting viewpoint from Prime Minister Tun Dr Mahathir Mohamad, who believes it will benefit the local economy.
Beijing: China hopes there will not be a trade war with the United States, which would harm not only the interests of the world’s two biggest economies, but that of the whole world, Vice-Minister of Finance Zhu Guangyao said.
Foreign financial institutions increasingly reluctant to lend US dollars to Chinese banks given worries about financial risks amid the trade war China holding onto US dollars by increasingly restricting business and individual transfers out of the country
China’s top economic planning agency indicated late on Tuesday that the government has not ruled out using rare earth exports as a new bargaining chip in its continuing trade war with the US.
KUALA LUMPUR: Asean nations will not intervene in the trade war between the United States and China as they are “too insignificant” in the eyes of the superpowers, says Tun Dr Mahathir Mohamad.
KUALA LUMPUR: The United States will suffer more in the long trade war with China, warned Alibaba Group Holding Ltd’s chairman Jack Ma.
BEIJING (Reuters) - China will make a necessary response in the event of a trade war with the United States, Foreign Minister Wang Yi said on Thursday, while warning that such a war would only harm all sides.
Beijing: China’s central bank chief said the country has plenty of policy tools left to handle the trade war with the United States.
NEW YORK: Investors may still be underestimating the full risk to the global economy from a trade war, even after US stocks capped the worst month of the year.