Novel coronavirus has infected more than 6.4 million people around the world. Here are pandemic-related updates for June 2:
Hertz earlier laid off about 10,000 employees and said there was substantial doubt about its ability to continue as a going concern. Its operating regions including Europe, Australia and New Zealand are not included in the US proceedings.
Head of EU delegation to Turkey Christian Berger said trade activities should continue regardless the Covid-19 outbreak.
"We'll want to cooperate and we expect the EU to follow through on their commitment to a Canada-style free trade agreement," says British Foreign Minister Dominic Raab.
The United States has threatened to impose tariffs on French goods in response to a law passed in the French parliament taxing American digital giants.
Chinese State Councillor Wang Yi said the US has, for political purposes, used the machine of state to suppress legitimate Chinese businesses and has groundlessly laid charges against them, which is an act of bullying.
China and the US have been locked in a bruising trade conflict for more than a year, hitting each other with volleys of tariffs on hundreds of billions of dollars worth of goods.
The two sides agreed to reduce tariffs on each other's goods in a move that might help reverse a slowing global economy.
The drop mounts pressure on Chinese leaders to avert politically dangerous job losses as they fight a tariff war with US President Donald Trump over Beijing's trade surplus and technology ambitions.
Asian markets fell following declines on Wall Street as the impeachment inquiry into President Donald Trump weighed on sentiment.
The officials agreed to "work together and take practical actions to create favourable conditions for consultations", the Chinese commerce ministry said in a statement.
China said it would impose additional tariffs on a total of 5,078 US products that include agricultural products, crude oil, small aircraft and cars. Tariffs on some products would take effect on September 1 and others on December 15.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2020 TRT World.
Like
Follow