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Chinese factory activity slowed in September, official data showed Sunday, as the Asian giant’s trade war with the United States showed no sign of abating.
The United States would have most to lose if it started a trade war with other countries, while China would be better off after retaliating, a simulation by the European Central Bank showed on Wednesday.
U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said.
Hong Kong and Shanghai led a broad sell-off across most Asian markets Monday after Donald Trump threatened to impose tariffs on all Chinese imports, ramping up fears of an all-out trade war between the world's top two economies.
President Donald Trump, on Friday, threatened to place tariffs on all of the Chinese goods imported into the United States, ramping up the already tense trade relations with Beijing.
On July 20, the United States threatened to impose tariffs on all US$500bn worth of Chinese imports. Earlier on July 6, the US announced to impose 25 per cent tariffs on US$34bn worth of Chinese goods. On July 11, the US further escalated by announcing a tariff list of Chinese products worth US$200bn.
US President Donald Trump said in an interview released Friday he is willing to hit all Chinese goods imported to the United States with tariffs if necessary.
President Donald Trump has directed the US Trade Representative to prepare new tariffs on $200bn in Chinese imports as the two nations moved closer to a wider trade war, with Beijing promising retaliation.
The Central Bank of Nigeria (CBN), has come up with fresh incentives for importers as it seeks to replace the use of Dollars with the Yuan as the currency of importation from China. It has also assured Nigerians that it has enough arsenals to defend the Naira.
European stock markets rallied on Friday after Italy reached a new coalition deal, with investors brushing aside trade war fears as they awaited key US jobs data.
The Kano State Police Command has confirmed the death of two persons during Thursday’s clash between supporters of People’s Democratic Party (PDP) and the All Progressives Congress (APC) at Kofa in Bebeji Local Government Area of Kano State.
President Muhammadu Buhari has described allegations that he was planning to Islamize Nigeria as dangerous, deceptive and ungodly.
Russia’s Ministry of Foreign Affairs on Friday accused the United States and its NATO allies of discussing how to arm the opposition in Venezuela.
Liverpool boss Jurgen Klopp says there is "no doubt" Manchester United interim manager Ole Gunnar Solskjaer will be given the role on a permanent basis.
A Fulani socio-cultural association, Miyetti Allah Kautal Hore, North West zone, has directed its members, especially those in the zone, to vote for President Muhammadu Buhari’s re-election.
The All Progressives Congress (APC) in Rivers state has written to the Independent National Electoral Commission (INEC) demanding the enlistment of its candidates for the 2019 general elections in view of the ruling of the Court of Appeal and the Supreme Court ordering the stay of execution of the judgement of the Federal High Court in Port Harcourt which disqualified the party from fielding candidates in the election.
Tomorrow, the polls open. Tomorrow, we affirm that Nigeria stands as a democracy and that no worldly hand can deter us from this wise and fitting path we have chosen for ourselves.
Trade Union activist and labour leader, Issa Aremu has admonished Senate President Bukola Saraki to emulate the legacy of his late father Olusola Saraki on passage of the new National Minimum Wage Bill.
All Progressives Congress National Leader and Co-chair of the party’s Presidential Campaign Council, Asiwaju Bola Tinubu, has said though the postponement of yesterday’s Presidential and National Assembly elections was painful, all those who actually came out to vote and those who intended to vote in the postponed elections must maintain their commitment.
The governorship candidate of the Action Alliance (AA), Uche Nwosu, on Tuesday, reassured that the party will deliver President Muhammadu Buhari in the rescheduled Presidential election.