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Chinese telecoms giant Huawei said yesterday it has petitioned a US court to overturn a ban that prevents carriers in rural America from buying the firm’s equipment by tapping an $8.5-billion federal fund.

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Shares tumble after US president claims trade war hurting China more than US

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The US president, preoccupied by domestic politics, and China, determined to persist in its deleveraging campaign, both seem ready for a trade-war truce. While fears of deglobalisation and global decoupling are overblown, the US may still divert trade away from China, at a cost to American consumers

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The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.

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US-China trade war has created an increasingly complex global trade environment, especially for the logistics industry, says global trading group Li & Fung Companies should diversify their sourcing base to avoid tariffs and consider onshoring in major consumer markets, Hong Kong company says.

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China and United States had “constructive talks” on trade in a high-level phone call on Saturday, state media Xinhua said.

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U.S. President Donald Trump on Sunday welcomed a “cash” payout to American farmers before the Thanksgiving Day holiday that he attributed to China tariffs, but that money actually is part of a U.S. government aid package.

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The US government is set to make yet another two-week extension to its license targeted at Chinese telecoms giant Huawei, allowing it to continue doing business with US companies for a short while, according to Reuters.

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President Donald Trump said the U.S. will increase tariffs on China in case the first step of a broader agreement isn’t reached.

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We must not forget that trade disputes are not a one-way street, but always carry the danger of retaliatory measures.

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