Trump tariff fallout: India becomes steel dumping ground; imports from China jump 67%, Japan 47% and Korea 35%

The escalating trade war between the U.S. and China has prompted the Association of Southeast Asian Nations to call for accelerated negotiations on the Regional Comprehensive Economic Partnership, a free trade framework involving ASEAN and six partner countries.

China said on Wednesday that "blackmail" wouldn't work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a 25 per cent tariff on US$200 billion worth of Chinese goods.

The Trump administration is considering increasing the rate of proposed tariffs to 25% on an additional $200 billion worth of goods from China.

The ‘best’ outcome of President Donald Trump’s narrow focus on the US trade deficit with China would be improvement in the bilateral balance, matched by an increase of an equal amount in the deficit with some other country (or countries). In fact, significantly reducing the bilateral trade deficit will prove difficult, writes Joseph E. Stiglitz.

Electronics makers are preparing to shift more production to South-east Asia as trade tensions with the US make it less appealing to manufacture gadgets in China.

Chinese President Xi Jinping yesterday called on the developing world to rise against US protectionism, warning that the tariffs the world’s biggest economy had imposed on imports would have far-reaching implications for emerging nations and markets

A potential full-blown trade war between China and the US has prompted Chinese steel firms to move parts of their manufacturing to other markets, including Vietnam, according to the Nhip Cau Dau Tu magazine.

China on Monday presented itself as a bastion of international order and global rules on trade while announcing its filing of a World Trade Organization challenge against a threat of $200 billion more in tariffs by the United States.

Grim scenarios of collateral damage for Canadian consumers and businesses are emerging in response to escalating the U.S.-China trade war.