China Vows Counter Measures Against Trump’s tariffs China has vowed imminent countermeasures in the escalating trade war between it and Donald Trump’s America as it also condemned the administration’s plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products. The U.S. government...

China Slams Tariffs on US Pork, 127 others China has responded to US imposition of tariffs on imports of Aluminium and steel by slamming tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts. The tariffs, to...

Volkswagen Recalls 350,000 Diesel Vehicles in U.S Volkswagen AG has paid more than $7.4 billion to  buy back about 350,000 U.S. diesel vehicles stored in 37 centres in the United States through mid-February. The German automaker has been storing hundreds of thousands of vehicles around...

Trade War Unsettles Stocks in US, China The trade war ignited by U.S President Donald Trump against China has caused a dip in the stock markets of both countries. The Dow Jones industrial average dropped more than 700 points as investors worried that trade tensions between...

IMF’s Lagarde to Trump: No Winner in Trade War The International Monetary Fund’s Managing Director Christine Lagarde has said that nobody wins in a trade war and that the macro-economic impact of U.S. tariffs on imports would be serious if other countries respond with tariffs...

US Set to topple Russia as world’s biggest oil producer The United States will overtake Russia as the world’s biggest oil producer, if not this year, by 2019 at the latest, as it oil import dropped to its lowest level since 2001. IEA Executive Director Fatih...