• France vows retaliation over US sanctions threat

      France vows retaliation over US sanctions threat

      France warned the United States of strong EU retaliation if it imposed tariffs on key French products ranging from sparkling wine to cheese to handbags, in an intensifying row over taxing digital giants that risks spiralling into a new trade war, coming just hours before Trump is due to meet his French counterpart Emmanuel Macron on the sidelines of the NATO summit in London.

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    • China slaps sanctions on US over Hong Kong support

      China slaps sanctions on US over Hong Kong support

      China suspended US warship visits and sanctioned American NGOs on Monday in retaliation for the passage of a bill backing pro-democracy protesters in Hong Kong. It comes after last week US President Donald Trump signed the Hong Kong Human Rights and Democracy Act, which requires the president to annually review the city's favourable trade status and threatens to revoke it if the semi-autonomous territory's freedoms are quashed.

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    • UAE, Egypt launch $20bn joint investment platform

      UAE, Egypt launch $20bn joint investment platform

      The UAE and Egypt will establish a $20bn investment fund, Sheikh Mohamed bin Zayed announced on Thursday. The Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces launched the fund, along with Egyptian president Abdel Fattah El Sisi, during Mr El Sisi's two-day visit to the Emirates.

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    • EU-Singapore trade agreement to enter into force on 21 November

      EU-Singapore trade agreement to enter into force on 21 November

      The EU-Singapore trade agreement will enter into force on 21 November after being endorsed last week by the Member States, the EU press service reported. Under the deal, Singapore will remove all remaining tariffs on EU products. The agreement also gives new opportunities for EU services' providers, among others in sectors such as telecommunications, environmental services, engineering, computing and maritime transport.

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    • China, France sign deals worth $15bn

      China, France sign deals worth $15bn

      French President Emmanuel Macron capped his second visit to China, which started in Shanghai on Monday, with a slew of deals worth more than $15bn in total and discussions on trade and the Iranian nuclear issue, with the French leader saying he also raised human rights issues with the Chinese president. Both sides also united on climate after US withdraws from Paris pact, declaring that it was "irreversible".

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    • Xi pledges wider market access, free-trade deals

      Xi pledges wider market access, free-trade deals

      President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must "knock down walls" as he opened an annual trade fair in Shanghai. Xi addressed an audience including French President Emmanuel Macron at the import exhibition, staged annually by China to show its willingness to free up its vast domestic markets in the face of criticism that they are too cosseted by Beijing.

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    • US, China 'close' on some parts of trade deal

      US, China 'close' on some parts of trade deal

      The US and China are reportedly “close to finalising” the first phase of a trade agreement after high-level officials spoke over the phone Friday, the US Trade Representative’s office announced. If successful, the first phase of the deal would postpone an upcoming increase of tariffs on Chinese goods in exchange for Beijing drastically increasing imports of American crops.

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    • WTO formally backs US tariffs on EU goods

      WTO formally backs US tariffs on EU goods

      The World Trade Organisation (WTO) formally ruled on Monday that the United States is free to take countermeasures against the European Union and Airbus-producing countries Britain, France, Germany, and Spain. This way the President Donald Trump administration no longer faces any legal obstacles for its set of previously scheduled sanctions on billions of dollars of European products that could now take effect on Friday.

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    • US adds eight Chinese firms to trade blacklist

      US adds eight Chinese firms to trade blacklist

      The US government widened its trade blacklist to include some of China’s top artificial intelligence startups, ratcheting up tensions ahead of high-level trade talks in Washington this week. The decision, which drew a sharp rebuke from Beijing, targets 20 Chinese public security bureaus and eight companies including video surveillance firm Hikvision, as well as leaders in facial recognition technology SenseTime Group Ltd and Megvii Technology Ltd.

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