Trade row deepens as China announces retaliatory tariffs on $60 billion of U.S. products
Deepening a trade battle and sending financial markets spinning, China announced Monday it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. The Finance Ministry said Monday the new penalty duties of 5 ...
U.S. farm chief Sonny Perdue barbecues to sell Japanese on buying more American beef
U.S. Agriculture Secretary Sonny Perdue has picked up his barbecue tongs to convey his message to Japan: Buy more American beef. Perdue said Monday that as a top consumer of U.S. beef, Japan should treat the U.S. fairly. He said he hoped President Donald Trump ...
U.S. wins WTO ruling against China grain import quotas in Obama-era case
The United States won a World Trade Organization (WTO) ruling on Thursday against China's use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports. The case, lodged by the Obama administration in late 2016, marked ...
Hero to zero — exports turn to source of fragility in Asia
A decades-old economic model needs reappraisal as the global downdraft causes trade-reliant economies to reel.
Japan's exports slump again on weak external demand, putting central bank on notice
Exports fell in February for the third straight month, a sign the trade-reliant economy is under growing strain and suggesting that the Bank of Japan might eventually be forced to offer more stimulus to temper the effects of slowing external demand and trade friction. Slower ...
Sake evangelists launch campaign to demystify nihonshu in U.K.
Businesses in Britain are coming up with inventive ways to try to broaden the appeal of sake to suit European palates as Japan looks to increase sales in developed markets across the world. For many in Britain, sake is an acquired taste and is only ...
Japan stresses weak link between strength of yen and exports ahead of U.S. trade talks
The U.S. says it wants a currency clause in any trade agreement with Japan, but as the two sides prepare to sit down, Japanese officials say there is no need to talk about currencies. Masatsugu Asakawa, the nation's currency chief, has indicated opposition to a ...
Government says factory production is 'pausing' after industrial output fell 3.7% in January
Japan's industrial output fell 3.7 percent in January from December, a third straight monthly decline amid sluggish export demand, the industry ministry said Thursday, prompting the government to lower its basic assessment. The month-on-month pace of decline is the largest in a year. Sagging exports ...
Wealthy buyers in Asia grow more interested in Japan's nishikigoi ornamental carp
An increasing number of wealthy buyers in Asia have shown an interest in nishikigoi (Japanese colored varieties of carp), pushing up the market for the luxury ornamental fish. In October last year, a Chinese collector made a successful bid of ¥203 million in a nishikigoi ...
Japan's manufacturing activity shrinks for first time since 2016 amid U.S.-China trade war: survey
Manufacturing activity contracted in February for the first time in 2½ years as domestic and export orders fell and factories cut output, a private business survey showed on Thursday. The survey also showed business confidence had soured for the first time in more than six ...
U.S. and China are sketching out statements on six issues that could halt trade war, sources say
The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations. The world's two largest economies have ...
China has pledged to end market-distorting subsidies for its domestic industries but offered no details on how it would achieve that goal, according to three people familiar with the U.S.-China trade talks in Beijing this week. China promised to bring all subsidy programs into compliance ...
