Logo of the London Stock Exchange. Equities in Asia, Europe and the US were a sea of red as Trump's remarks rekindled fears of a trade war with potentially devastating consequences for world growth. "For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump tweeted on Sunday night. "The 10% will go up to 25% on Friday." Many markets, however, pared early steep losses as analysts suggested that Trump was playing a game of brinkmanship and would ultimately save ongoing trade talks. The Dow Jones index, which fell by over 400 points at the opening bell, had clawed back more than half of that loss by the late New York morning. Eurozone stocks were also in better shape at the end of the European trading day than at the start, but both Frankfurt and Paris were still over one per cent down at the close. The London market was shut for a public holiday. Earlier, Asian investors took no chances, … [Read more...] about European stocks tumble as Trump threatens China tariffs
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President Trump and Chairman Kim to meet and dine at Metropole Hanoi
The schedule for the first day of the DPRK-US summit has been revealed by the White House, showing that the two leaders will meet at the Sofitel Legend Metropole Hanoi. The beginning steps of the summit will take place at Metropole Hanoi The White House officially announced that the summit between US President Donald Trump and Kim Jong Un, Chairman of the Democratic People’s Republic of Korea (DPRK) will take place at the Sofitel Legend Metropole Hanoi, and the two leaders will have a private dinner on February 27. The White House said Trump would meet Kim at Hanoi's French-colonial-era Metropole Hotel at 6.30pm (local time) and have a 20 minute one-on-one conversation before a dinner scheduled to last just over an hour and a half, according to newswire Channel NewsAsia. President Trump arrived to Hanoi on Air Force One late on February 26. He even posted on Twitter: "Just arrived in Vietnam." DPRK Chairman Kim Jong Un arrived by train early on February 26 after a … [Read more...] about President Trump and Chairman Kim to meet and dine at Metropole Hanoi
No talks between Trump and China’s Xi before trade deadline
No talks between Trump and China's Xi before trade deadlineThe Saigon Times Daily U.S. President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017 – PHOTO: REUTERS WASHINGTON (REUTERS) - President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. Asked during an event in the Oval Office whether there would be a meeting before the deadline, Trump said: “No.” When asked whether there would be a meeting in the next month or so, Trump said: “Not yet. Maybe. Probably too soon. Probably too soon.” The remarks confirmed comments from administration officials who said the two men were unlikely to meet before the deadline, dampening hopes of a quick trade pact and sparking a drop in U.S stock markets. Late last year during a dinner … [Read more...] about No talks between Trump and China’s Xi before trade deadline
Trump and Kim head for historic Singapore summit
Kim Jong Un and Donald Trump were heading for Singapore on Sunday for an unprecedented summit in an attempt to address the last festering legacy of the Cold War, with the U.S. President calling it a "one time shot" at peace. Pyongyang's nuclear arsenal - which has seen it subjected to several sets of UN Security Council sanctions and threatened with military action by the Trump administration - will top the agenda. Bringing the Korean War to a formal end 65 years after hostilities ceased will also be on the table at the first-ever summit between a North Korean leader and a sitting president of its "imperialist enemy." The North Korean leader was due to meet Singaporean President Lee Hsien Loong later on Sunday, the city-state's foreign ministry said, while Trump was flying from Canada on board Air Force One after leaving the G7 summit early. Authorities imposed tight security around the summit venue and related luxury hotels - including installing extra pot plants outside one contender … [Read more...] about Trump and Kim head for historic Singapore summit
Trump praises China’s Xi as trade talks begin in Beijing
U.S. President Donald Trump on Thursday praised his relationship with Chinese President Xi Jinping as officials from the world’s two largest economies began trade talks in Beijing, while state media said China would stand up to U.S. bullying. A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during the two days of talks, though a package of short-term Chinese measures could delay Washington’s decision to impose tariffs on about $50 billion worth of Chinese exports. The discussions, led by U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, are expected to cover a wide range of U.S. complaints about China’s trade practices, from accusations of forced technology transfers to state subsidies for technology development. “Thrilled to be here. Thank you,” Mnuchin told Reuters at his hotel when asked if he expected progress. He made no other comments. As Mnuchin arrived, Trump tweeted: … [Read more...] about Trump praises China’s Xi as trade talks begin in Beijing