Five nations and EU urge Trump not to impose new airplane tariffs
A Boeing sign sits on a building near Boeing Field, as trade tensions escalate over U.S. tariffs with China, in Seattle, Washington, U.S. April 22, 2025. REUTERS/David Ryder/File Photo
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
5 hours ago
- South China Morning Post
China to remove tariffs on nearly all goods from Africa as both criticise US trade moves
Twenty more African countries , mostly from the continent's middle-income nations, are set to gain access to the world's largest consumer market duty-free as Beijing plans to remove tariffs for all products from every African nation except eSwatini. The measure was announced as African ministers joined Beijing at a meeting in central China affiliated with the Forum on China-Africa Cooperation (FOCAC). Amid the tariff war , representatives from China and African nations accused the United States of disrupting the global economic and trade order and harming the collective interests of the international community. 05:05 Trump and Xi discuss Taiwan, troubled US-China trade ties in call breaking stand-off Trump and Xi discuss Taiwan, troubled US-China trade ties in call breaking stand-off Chinese President Xi Jinping, in a letter presented to the meeting in Changsha in Hunan province on Wednesday, said China was willing to extend zero-tariff measures to 53 African countries with diplomatic ties to China for all items. Only eSwatini – the sole African nation that supports Taiwan, which Beijing considers a breakaway province – is excluded from the measures. The plan expands on the policy announced at the 2024 FOCAC summit in Beijing which granted 33 least-developed African countries (LDCs) – such as Uganda and Ethiopia – zero-tariff treatment. Xi said China would 'provide more convenience for the least developed countries in Africa to export to China', according to a readout released by China's foreign ministry.
South China Morning Post
9 hours ago
- South China Morning Post
Hong Kong re-exporters urged to remain cautious despite US-China trade talks
The latest US-China trade talks may have alleviated concerns among some Hong Kong re-exporters, but the sector should remain cautious because President Donald Trump's administration has been accused of creating crises to gain bargaining power, according to observers on Thursday. Advertisement High-level officials from the United States and mainland China concluded their two-day economic and trade consultation mechanism meeting in London on Wednesday. Trump announced that a trade agreement had been reached with the mainland, stipulating that tariffs on Chinese imports to the US would increase from the current 30 per cent to 55 per cent, while tariffs on US exports the other way would remain at 10 per cent, pending approval from himself and Chinese President Xi Jinping. According to Trump, the US would also gain access to the mainland's magnets and all necessary rare earth elements, while certain provisions would be offered in exchange, including allowing mainland students to study at American universities. Gary Ng Cheuk-yan, a senior economist at Natixis Corporate and Investment Bank, suggested the deal could offer a slight benefit to Hong Kong, although it was too early to say the dust had settled between the two countries. Advertisement 'For Hong Kong, such a deal may help stabilise its US-China re-exports with less concern about electronic equipment supply chains, which is the largest trade item. Given the less intense environment, the front-loading demand may be lower than in the scenario of a full-fledged trade war,' he cautioned. 'There is no guarantee that what we see right now will remain, and more restrictions can return at any time, especially as the US includes China clauses in its deals with other countries, which may also affect Hong Kong.'
South China Morning Post
12 hours ago
- South China Morning Post
After heated London talks, where do China-US trade relations stand?
After two days of closely watched trade talks between the United States and China in London, US President Donald Trump has declared the negotiations have led to a wide-ranging deal to maintain the fragile truce laid out after earlier talks in Geneva. Advertisement The agreement, Trump said, would cover numerous points of contention, including shipments of rare earth minerals, student visas and tariffs. China, meanwhile, has been reticent to comment on the talks' outcome, with representatives only saying they would submit a report for President Xi Jinping's approval. Here, we summarise the latest developments in the ever-changing trade relationship between the world's two largest economies. What did Trump say – and not say？ Trump took to his Truth Social platform on Wednesday to share initial details from the intensive discussions in London, stating a US-China accord was 'done'.
