Trump signals ‘ready to go” on $500 billion China tariffs
21 July 2018 | 10:30 am
President Donald Trump said the United States has been taken advantage of for too long as he has $500 billion of tariffs on Chinese goods "ready to go."
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Taiwan held drills at its main international airport in Taipei amid concerns over Chinese aggression towards the island. Taiwan's president said the exercises are necessary in order to protect critical infrastructure.
High costs, lower demand, fiercer competition — the German automotive industry is coming under pressure. The lucrative Chinese market, in particular, is proving difficult as Chinese consumers choose national brands.
Beijing has alleged that a Chinese man signed a contract with the United States spy agency and received training to conduct espionage activities.
The air and sea drills close to Taiwan are seen as a response to a visit of its Vice President William Lai to the US. China has derided Lai as a "troublemaker" who backs "Taiwanese independence" separatists.
Tokyo has summoned the Chinese ambassador over hundreds of crank calls believed to originate from China. Japan has begun to release treated water from the Fukushima nuclear power plant, which Beijing says is not safe.
China's largest property developer, Country Garden, warned that it is on the brink of default as it reported a staggering loss of almost $7 billion for the first half of the year, deepening a real estate crisis that threatens to unravel the country's already fragile economy.
After a mass in Mongolia attended by some groups of Chinese Catholics, the pope told them to be "good Christians and good citizens."
With more than 41 percent of exhibitors at the Munich IAA mobility show headquartered in Asia, analysts say European carmakers will need to prove their ability to compete with China in the electric vehicle age.
Germany's International Motor Show has opened in Munich with Chinese EV makers out in force, revving their new electric models on the turf of German carmakers. Some say the market will never be the same after the event.
Apple's market value has tumbled by some $200 billion in the wake of reports that Beijing has banned iPhones among government employees. We take a closer look. Also, Chinese car manufacturers make inroads into the European market, and New York City cracks down on Airbnb.
Chinese emergency teams are scrambling to track down a large number of crocodiles that escaped after heavy storms and floods that hit in recent days.
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The number of people killed by floods from heavy rains in Somalia has climbed to 96, state news agency SONNA said on Saturday, as the East Horn of Africa is battered by heavy rains.
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