Steel Thai Admin

U.S.-China Trade War Spells Divorce of World's Biggest Economies

The trade war Donald Trump is waging with China is shifting to a new phase as each new volley of tariffs pushes the world’s two biggest economies toward decoupling. Trump unleashed the latest tariffs barrage Monday, provoking a response from China and leaving prospects for a solution to the dispute more distant than ever. As …

U.S.-China Trade War Spells Divorce of World's Biggest Economies Read More »

China will use trade war with U.S. to replace imports – state media

China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and accelerate the development of high-tech products, state media said. The world’s two largest economies dove deeper into a trade war on Tuesday after Beijing added $60 …

China will use trade war with U.S. to replace imports – state media Read More »

Brazil diesel subsidy program threatens Petrobras, market -FCStone

Brazil could face a diesel shortage at the end of 2018 as a result of the government’s mispriced subsidy program which has discouraged suppliers, and the state-controlled oil company Petroleo Brasileiro SA may be forced to sell diesel at a loss, broker INTL FCStone said on Tuesday. Brazil’s oil industry regulator ANP said it approved …

Brazil diesel subsidy program threatens Petrobras, market -FCStone Read More »

Trump hits China with fresh tariffs, threatens more if Beijing retaliates

WASHINGTON/TIANJIN (Reuters) – U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. China is reviewing plans to send a delegation to Washington for fresh talks in light of the U.S. …

Trump hits China with fresh tariffs, threatens more if Beijing retaliates Read More »

Audi launches electric SUV in Tesla's backyard, with assist from Amazon

German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States …

Audi launches electric SUV in Tesla's backyard, with assist from Amazon Read More »

U.S. to spare Apple watch, many gadgets from new China tariffs

The administration’s proposal for the tariffs on $200 billion of products drew protest from technology companies earlier this year, but the final list of taxed devices described by the official avoids many big consumer brand names and products. The iPhone was not among the ‘wide range’ of products that Apple told regulators would be hit …

U.S. to spare Apple watch, many gadgets from new China tariffs Read More »