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China strikes back: Beijing sets 25% tariff on $50 bln worth US products

Responding to US President Donald Trump’s decision to impose tariffs on $ 50 billion worth of Chinese imports, Beijing has adopted a 25 percent tariff on 659 American products worth the same amount. US agricultural products, fish and automobiles worth some $ 34 billion worth of US goods will kick in on July 6, with another $ 16 billion worth ...

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United States has just launched a trade war – China

The world’s two biggest economies are now officially in a trade war after the US imposed a 25-percent tariff on $ 50 billion worth of Chinese goods, the China’s commerce ministry said on Friday. Read more In response, China said it planned to impose tariff measures of similar size and intensity. Beijing has published its own list that targets $ ...

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Calls to ‘kill the Boer’ make all farmers targets, not just whites – South African official

Calls to kill Boers in South Africa are directed against farmers of all races, not necessarily whites, according to the head of the agriculture department, Mike Mlengana. “That is not the stance of our government… by the way if it is ‘kill the Boer, kill the farmer,’ it’s killing me, because I am the Boer,” said Mlengana, as quoted by ...

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Trump slaps China with $50 billion in trade tariffs on imports

The White House has announced a 25-percent tariff on $ 50 billion worth of Chinese goods in what it calls a clampdown on unfair trade practices by Beijing. The US trade representative’s office said it issued a revised China tariff list covering 1,102 separate product categories. The first package of revised tariffs will apply to $ 34 billion of Chinese imports, ...

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Japan suspends sale of Canadian wheat over discovery of Monsanto-made GMO

The Japanese Agriculture Ministry suspended its tender and sale of wheat from Canada on Friday. This comes as grain containing a genetically-modified trait was discovered last summer in Canada’s Alberta province. “We are suspending the tender and sale of Canadian wheat until we confirm that the Canadian wheat that Japan buys contains no GMO,” an official at the Japanese farm ...

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Russia in talks to build gas pipeline uniting the Korean Peninsula

Russia’s energy major Gazprom has resumed talks with Seoul over the construction of a gas pipeline connecting Russia with North and South Korea. “The political situation has changed, and the South Korean side has contacted Gazprom regarding the resumption of this project. A series of talks has been held, and these negotiations are continuing,” said Deputy Chairman of the Management ...

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Russia & China agree to joint gold mining project in Siberia

The Russian government has approved a cooperation agreement with China on developing the Klyuchevskoye gold ore deposit in the Trans-Baikal region. The decree was signed by Prime Minister Dmitry Medvedev, and the project is expected to be operational in two years. The planned volume of ore extraction is over 12 million tons per year. Development of the Klyuchevskoye gold deposit ...

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EU to introduce €2.8bn retaliatory tariffs against US goods – report

The European Union will levy goods coming from America with tariffs worth €2.8 billion ($ 3.3 billion) after Washington applied tariffs on steel and aluminum from Europe, AFP and Reuters have reported. Read more The measures will be adopted by the European Commission, whose next scheduled meeting is June 20, according to Reuters. The tariffs should be in place by ...

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Russia’s Gazprom wins appeal to halt seizure of European assets

A Stockholm court’s decision to order Russia’s Gazprom to pay compensation to Ukraine’s Naftogaz has been suspended. This means Kiev can no longer demand the freezing of Gazprom’s assets in Europe. The Russian company argued that Naftogaz breached the gas delivery contract. In 2015, Ukraine opted to stop buying the contracted volume, replacing it with gas supplies from European countries. ...

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China plans to create a $78bn natural gas giant

Together with its massive push to have more and more residential and industrial customers switch from coal to gas, China is aiming to overhaul the ownership of its huge gas pipeline network. That would allow third-party access to the gas pipelines and would help Beijing in its efforts to cut pollution by using more natural gas instead of coal. For ...

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