Category: World Economy News

WTO chief makes rare warning of trade war over U.S. tariff plan

World Trade Organization Director General Roberto Azevedo expressed concern at U.S. President Donald Trump’s plan for tariffs on steel and aluminum on Friday, an extremely rare intervention into a WTO member’s trade policy. “The WTO is clearly concerned at the announcement of U.S. plans for tariffs on steel and aluminum. The potential for escalation is […]

Trump steel tariffs: Trade wars are good, says Trump

US President Donald Trump has said “trade wars are good”, amid controversy over his decision to impose tariffs on steel and aluminium imports. He tweeted that the US was “losing billions of dollars on trade” and would find a trade war “easy to win”. On Thursday he said steel imports would face a 25% tariff […]

Germany’s Import Price Inflation Weakest Since Late 2016

Germany’s import price inflation eased to the lowest since late 2016, data from Destatis showed Friday. Import prices climbed 0.7 percent year-on-year in January, in line with expectations, but slower than December’s 1.1 percent increase. This was the slowest rate since November 2016, when prices grew 0.3 percent. Meanwhile, month-on-month increase in import prices accelerated […]

Trump’s steel shock drives wedge into sluggish NAFTA talks

Negotiators trying to rework the NAFTA trade deal on Thursday were hit by the prospect of conflict over U.S. steel tariffs that could complicate carmaking in North America, one of the most sensitive issues at the talks. U.S. President Donald Trump said he would impose the tariffs beginning next week, raising the risk of exacerbating […]

UK February Construction PMI Rose Slightly to 51.4

Activity in the U.K.’s construction sector accelerated slightly in February from January’s four-month low but growth remained subdued, a survey showed Friday. Financial-information company IHS Markit said its purchasing managers’ index for the construction industry rose to 51.4 in February, up from 50.2 a month earlier. The 50-point mark separates expansion from contraction. “Fragile business […]

Japan jobless rate hits 25-year low, inflation ticks up

Japan’s unemployment rate hit a 25-year low in January and job availability stayed at a two-decade high, government data showed on Friday, offering policymakers hope a strengthening economic recovery will nudge firms into raising wages. Separate data showed core consumer inflation in Tokyo, a leading indicator of nationwide price trends, accelerated to 0.9 percent in […]

China’s latest conglomerate crackdown casts dealmaking shadow

When news broke this week that the chairman of CEFC China Energy, an acquisitive conglomerate, was being investigated for economic crimes, one particular group gulped – dealmakers involved with Chinese companies. Even as China’s fast-growing conglomerates have been viewed by many global investors and regulators with suspicion for their opacity and finances, they have nonetheless […]

Germany’s Retail Sales Fall Unexpectedly In January

Germany’s retail sales declined unexpectedly in January, figures from Destatis showed Friday. Retail sales decreased 0.7 percent month-on-month in January, confounding expectations for an increase of 0.7 percent. Sales had fallen 1.1 percent in December. On a yearly basis, retail sales grew 2.3 percent, slower than the expected 3.3 percent increase. Nonetheless, the expansion reversed […]