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Trump aide says Canada's Trudeau overreacting to trade dispute

Trade frictions between the United States and Canada are a “family quarrel,” President Donald Trump’s economic adviser said on Sunday, brushing aside concerns expressed by Canadian Prime Minister Justin Trudeau as an overreaction. The Trump administration said on Thursday it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of America’s top allies. …read more […]

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Boeing Hounding Out Newest Airbus Jetliner From U.S. to India

In the latest setback to the Toulouse, France-based manufacturer, the Indian affiliate of Singapore Airlines Ltd. opted for the 787, people familiar with the matter said, passing over the Airbus model, which along with the bigger A350 was designed to take on the Dreamliner. It follows similar lost campaigns at American Airlines Group Inc. and Hawaiian Holdings Inc., both of which scrapped their orders for Airbus jets and picked the 787 instead. Airbus in April said it’ll scale back production of the A330 family as it transitions to the newer model in part due to lower than expected …read more […]

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India urges global planemakers to ‘Make in India’

India wants to encourage aircraft makers to manufacture in the country, starting with components and moving eventually to complete aircraft, Aviation Minister Suresh Prabhu said on Sunday. In a series of messages on Twitter, Prabhu appealed to Airbus (AIR.PA) and Boeing Co (BA.N) to participate in the push as part of the government’s flagship “Make In India” campaign, highlighting the growth potential of the booming market, which has been adding passengers and cutting fares. India’s booming aviation market and economy needs more than 1,000 passenger planes and “many more” cargo planes, Prabhu, who last week visited an Airbus …read more […]

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China warns US trade deals off if tariffs go ahead

China warned Sunday after another round of talks on a sprawling trade dispute with Washington that any deals they produce “will not take effect” if President Donald Trump’s threatened tariff hike on Chinese goods goes ahead. The warning came after delegations led by U.S. Commerce Secretary Wilbur Ross and China’s top economic official, Vice Premier Liu He, wrapped up a meeting on Beijing’s pledge to narrow its trade surplus. Ross said at the start of the event they had discussed specific American exports China might purchase, but the talks ended with no joint statement and neither side released …read more […]

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Talks end with China warning trade benefits at risk if U.S. imposes tariffs

China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing. A short statement, carried by the official Xinhua news agency, made no mention of any specific new agreements after U.S. Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He. It referred instead to a consensus they reached last month in Washington, when China agreed to increase significantly its purchases of U.S. goods and services. …read more […]