China on Monday (Apr 2) imposed tariffs on 128 US imports worth US$3 billion, including fruits and pork, retaliating for US duties on steel and aluminium that Beijing said "seriously infringed" Chinese interests. China on Monday imposed new tariffs on 128 US imports worth US$3 billion in retaliation to US duties on steel and aluminium. (AFP/STR) China's move, which the Xinhua news agency said was decided by the custom tariffs commission of the State Council, followed weeks of rhetoric that has raised fears of a trade war between the world's two biggest economies. The Trump administration had said its duties were aimed at steel and aluminium imports that it deemed a threat to US national security, but China's Commerce Ministry on Monday called that reasoning an "abuse" of World Trade Organization (WTO) guidelines. The US measures "are directed only at a few countries, seriously violating the principle of non-discrimination as a cornerstone of the multilateral trading system, … [Read more...] about China slaps retaliatory tariffs on 128 US imports
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Vietnam and China call for maritime disputes to be settled
China's State Councilor and Foreign Minister Wang Yi (L) is greeted by Vietnam's Deputy Prime Minister and Foreign Minister Pham Binh Minh at the Government Guesthouse in Hanoi, Vietnam, April 1, 2018. Photo by Reuters/Kham The two countries also pledged to 'promote cooperation at the sea' and 'hold talks on joint exploitation' during a meeting in Hanoi. Vietnamese Foreign Minister Pham Binh Minh said on Sunday that Vietnam and China should settle their disputes in the East Sea through peaceful measures and according to international law. "Vietnam's rights and benefits should be respected under the United Nations Convention on the Law of the Sea," Minh told reporters after a meeting with Chinese Foreign Minister Wang Yi in Hanoi. He expressed concerns over "elements" that would risk escalating tension and instablity in the region, urging more bilateral talks to build maritime cooperation for mutual development. Chinese Foreign Minister Wang Yi also said that the two … [Read more...] about Vietnam and China call for maritime disputes to be settled
China and Vietnam call for maritime disputes to be settled
By Reuters  April 2, 2018 | 08:15 am GMT+7 China's State Councilor and Foreign Minister Wang Yi (L) is greeted by Vietnam's Deputy Prime Minister and Foreign Minister Pham Binh Minh at the Government Guesthouse in Hanoi, Vietnam, April 1, 2018. Photo by Reuters/Kham The two countries also pledged to 'promote cooperation at the sea' and 'hold talks on joint exploitation' during a meeting in Hanoi. Chinese Foreign Minister Wang Yi said on Sunday China and Vietnam should settle their disputes in the South China Sea through talks and move to jointly exploit its waters. “We have agreed that settling the maritime issues is extremely important for the healthy and sustainable development of bilateral relations,” he told reporters after a meeting with Vietnamese Foreign Minister and Deputy Prime Minister Pham Binh Minh in Hanoi. China claims 90 percent of the potentially energy-rich maritime territory and has been building on and militarizing rocky … [Read more...] about China and Vietnam call for maritime disputes to be settled
China imposes tariffs in response to US duties on steel, aluminum
By Reuters  April 2, 2018 | 07:44 am GMT+7 A butcher cuts a piece of pork at a market in Beijing, China, March 25, 2016. Photo by Reuters/Jason Lee China has imposed the tariffs amid escalating trade tension between Beijing and Washington. China has slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said. The list of tariffs, to take effect on Monday, was released late on Sunday and matches a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23. China has imposed the tariffs amid escalating trade tension between Beijing and Washington. U.S. President Donald Trump is preparing to impose tariffs of more than $50 billion on Chinese goods intended to punish Beijing over U.S. allegations that China systematically misappropriated American … [Read more...] about China imposes tariffs in response to US duties on steel, aluminum
Vietnam treasures comprehensive cooperation with China: PM
Prime Minister Nguyen Xuan Phuc made the affirmation while hosting a reception in Hanoi on March 31 for Chinese Foreign Minister Wang Yi. The Vietnamese leader underlined that Wang Yi’s official visit to Vietnam and his attendance at the sixth Greater Mekong Subregion Summit (GMS-6) are a vivid illustration of China’s support for the bilateral ties and the neighboring country’s hosting of GMS-6. Prime Minister Nguyen Xuan Phuc and Chinese Foreign Minister Wang Yi Both sides need to enhance the fruitful relations via high-level exchanges, he said, noting that they should address bottlenecks to bring greater economic benefits to each nation. He suggested China facilitate imports of Vietnamese products, invest in high-tech and environmentally friendly projects in Vietnam as well as put forth collaboration with the Southeast Asian country in transport, agriculture, environment, science and technology and finance. He expressed his hope that China will … [Read more...] about Vietnam treasures comprehensive cooperation with China: PM