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trade dispute

China urges US to ‘calm down’ in trade dispute, says its tactics will not work

SINGAPORE/BEIJING: China on Thursday urged the United States to “calm down” and return to reason after the Trump administration sought to ratchet up pressure for trade concessions by proposing a higher 25-percent tariff on $200 billion worth of Chinese imports. US Trade Representative Robert Lighthizer said on Wednesday that President Donald Trump directed the increase from a previously proposed 10 percent duty because China has refused to meet US demands and has imposed retaliatory tariffs on US goods. Trump’s threats…

Trump, Trudeau swap jokes but hold firm in trade dispute

LA MALBAIE, Quebec: U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau were all jokes and smiles for the media as they met at the Group of Seven leaders summit in Quebec on Friday, but neither budged on the serious trade dispute between them. In the brief photo opportunity that started their bilateral meeting on the sidelines of the fractious G7 summit, Trump followed Trudeau’s diplomatic introduction by joking that Trudeau had backed down on retaliatory tariffs. “Justin has agreed to cut all…