Category: Trucking News

China's Xi calls out 'selfish, short-sighted' trade policies

China's Xi calls out 'selfish, short-sighted' trade policies

Chinese President Xi Jinping, whose country is locked in a high-stakes trade dispute with the United States, on Sunday said China rejects "selfish, shortsighted" trade policies, and called for building an open global economy. Xi did not mention the United States during a speech at a summit meeting of the Shanghai Cooperation Organisation (SCO), a regional security bloc led by China and Russia. "We reject selfish, shortsighted, closed, narrow policies, (we) uphold World Trade Organisation rules, support a multi-lateral trade system, and building an open world economy," Xi said in a speech in the port city of Qingdao.


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Trump torpedoes G7 effort to ease trade spat, threatens auto tariffs

Trump torpedoes G7 effort to ease trade spat, threatens auto tariffs

U.S. President Donald Trump on Saturday threw the G7's efforts to show a united front into disarray after he became angry with Canadian Prime Minister Justin Trudeau, and said he might double down on import tariffs by hitting the sensitive auto industry. Trump's bombshell announcement that he was backing out of the Group of Seven communique, made after he left the summit in Canada early, torpedoed what appeared to be a fragile consensus on the trade dispute between Washington and its top allies.


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Trump Shocks Leaders With Trudeau Insult to Upend G-7 Summit

President Donald Trump told U.S. officials not to endorse the Group of Seven's final communique and accused Canadian Prime Minister Justin Trudeau of being dishonest, escalating a trade spat that had simmered throughout the two-day meeting. “Based on Justin's false statements at his news conference, and the fact that Canada is charging massive Tariffs to our U.S. farmers, workers and companies, I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!,” Trump said on his Twitter account on Saturday evening. Trump last month directed Commerce Secretary Wilbur Ross to initiate a national-security investigation into imports of cars, trucks and vehicle parts that could possibly lead to tariffs.


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