US China Trade Talks Back On President Donald Trump’s top economic adviser said Tuesday that the United States was talking again with China on trade, calling it a “very positive” development. “Right now we’re having communications at all levels of the US and Chinese governments,” National Economic Council Director Larry Kudlow said in a TV […]
A China-backed bid to complete the world’s largest trade deal — without the United States — was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit. The Regional Comprehensive Economic Partnership (RCEP), covering half the world’s population, is billed as an antidote to Donald Trump’s “America […]
President Trump, “I Think We’ll Make a Deal With China on Trade” US President Donald Trump said Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the 2 countries’ differences but warning that he still may impose more tariffs on Chinese […]
President’s Trump, Xi Talk, Align, Trade Outlook Positive US President Donald Trump and Chinese President Xi Jinping both expressed optimism Thursday about resolving their trade disputes ahead of a meeting planned at the end of November in Argentina. President Trump said in a Tweet that trade discussions with China were “moving along nicely” and that he planned […]
The People’s Bank of China has reportedly let the renminbi slip to a 10-year low against the dollar on Tuesday. A cheaper yuan helps Chinese products mitigate the losses from US import tariffs imposed by President Trump. The official yuan exchange rate was fixed at 6.9574 per dollar on Tuesday, 0.28 percent weaker than the […]
More Tariffs in Store for China if President Trump’s Meeting with President Xi Fails in November $DIA, $SPY, $QQQ, $RUTX, $VXX The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade dispute. The […]
Presidents Trump and Xi Set to Meet at G-20 in Argentina on Trade Issues US President Donald Trump and Chinese President Xi Jinping will meet at the Group of 20 nations Summit in Buenos Aires, Argentina to discuss the trade dispute between the two countries in late November. White House economic advisor, Larry Kudlow, told […]
China Has Not Responded Positively to US on Trade Beijing’s trade practices make them an unreliable negotiating partner. White House economic adviser Larry Kudlow hammered China’s lack of cooperation in the US attempt to forge a trade deal. “They are unfair traders. They are illegal traders. They have stolen our intellectual property,” Mr. Kudlow said […]
The trade spat between the world’s two largest economies — China and the United States — is imperiling the entire Asia-Pacific, regional finance ministers have warned. In a statement, finance ministers meeting in Port Moresby said risks to the global economy had increased thanks to “heightened trade and geopolitical tensions”, a veiled reference to the […]
China’s growth downshifted in the third quarter as investment slowed and the widening trade conflict with the United States weighed on sentiment, according to analysts surveyed by AFP. The world’s second largest economy expanded by 6.5 percent in the July to September period, the poll of 12 economists found ahead of the official release of […]
President Trump Warns China, “Another round of tariffs coming.” US President Donald Trump threatened to impose another round of tariffs on China and warned that Chinese meddling in US politics is a “bigger problem” than Russian involvement in the 2016 Election. Asked in a TV interview whether he wants to push China’s economy into a […]
China’s central bank governor Sunday sought to cool the temperature on a brewing trade-and-currency war with the United States, calling for “constructive solutions” as the spat threatens to knock the world economy. Speaking on the last day of the IMF-World Bank annual meetings in Bali, Yi Gang warned that the stakes could hardly be higher […]
China’s trade surplus with the United States ballooned to a record $34.1 billion in September despite a raft of US tariffs, official data showed Friday, adding fuel to the spiraling trade war. China’s exports to the US rose to $46.7 billion while imports slumped to $12.6 billion, according to the customs administration. The world’s top […]
Presidents Trump and Xi to Meet Again at G-20, Trade is the Issue US President Donald Trump and Chinese President Xi Jinping plan to meet at the G-20 summit in Argentina in late November. On the US side, the meeting is being pushed by Treasury Secretary Stephen Mnuchin and National Economic Council Director Larry Kudlow. […]
China’s central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by one percentage point, the fourth time this year the country has sought to free up credit for businesses as they face down $250 billion in US tariffs. The move to cut the amount of cash which most commercial […]
President Trump Created a New US Trade Model The Trump Administration is pushing for trade talks with other nations and plans to use its new USMCA trade agreement with Canada and Mexico as the model for the future negotiations with its partners. This President is looking to redefine the rules on issues ranging from foreign […]
Trade War Hits Oil as China Dumps USA America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow. While oil has not been included on the list of bilateral tariffs, Chinese refiners have been staying away from buying crude […]
US and China May Resume Trade Talks in December President Trump’s Economic adviser Larry Kudlow said a meeting could take place when policy makers meet in Buenos Aires for the G-20 meeting. Mr. Kudlow, director of the National Economic Council, said at a securities industry conference in Washington that no formal plans have been made […]
US China Trade War Continues Even as he announced a new trade deal with Canada and Mexico on Monday, US President Donald Trump again went after China, making it clear a truce with Beijing was unlikely to come soon. Trump told reporters China wanted to open negotiations but “frankly, it’s too early to talk.” With […]
President Trump Is Not Satisfied With China Trade Talks White House economic adviser Larry Kudlow said President Donald Trump is not satisfied with the progress of trade talks with China. “Nothing is imminent on China. I think there are discussions going on. No, I wouldn’t say it was imminent,” Mr Kudlow said in a TV […]
China Seeks a ‘Peaceful Path’ to Resolve Trade Issues Friday, China warned that its critical relationship with the United States could break “like a glass,” and used the most global of stages to warn The Trump Administration it will not be pushed around on trade. Foreign Minister Wang Yi insisted that his country “will not […]
Chinese stocks will be added to a key benchmark run by a unit of the London Stock Exchange Group next year, further opening up mainland equities to international investors. FTSE Russell said that upon completion of an initial phase next June, yuan-denominated shares will make up around 5.5 percent of the FTSE Emerging Index. US-based […]
President Trump ‘Talks Tough’ and the Whole World Listens The “whole world” is listening to President Donald Trump’s tough talk on Iran, and there are many Middle Eastern countries who fully support his decision on sanctions, Rep. Lee Zeldin, (R-NY) said Wednesday. “They don’t want to see Iran have a nuclear weapon,” Mr. Zeldin said […]
China’s Trade Policy Change “Not Going to Be Easy” Tuesday, US President Donald Trump’s top trade official said that changing China’s economic policies to become more market-oriented “is not going to be easy” even with tariffs now in place on $250-B worth of Chinese goods. US Trade Representative Robert Lighthizer, in rare public remarks at […]
Asian markets were mixed Tuesday following the latest tit-for-tat tariffs in the China-US trade row, while investors are now looking ahead to the Federal Reserve’s next policy meeting. While the levies had been widely expected, there are concerns about how long the spat will go on for after China cancelled planned talks between the two […]
China said on Tuesday it was impossible to hold trade talks with the United States while Washington is imposing tariffs that are like “holding a knife to someone’s throat”. Speaking a day after Washington activated tariffs on $200 billion in Chinese goods, vice commerce minister Wang Shouwen said China is open to negotiations but that […]
Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US President Donald Trump to dampen prices. At 0840 GMT, Brent North Sea crude for delivery in November soared to a peak of $80.94 per barrel. That was the highest level since […]
Donald Trump’s tariffs on another $200 billion of Chinese imports took effect Monday, with Beijing accusing Washington of “economic intimidation” as the standoff between the world’s top two economies clouds the global outlook. The latest volley against Beijing brings the amount of goods hit by duties to more than $250 billion, roughly half China’s US […]
President Trump Sees Gain From China Tariffs as Worth US Pain The Trump Administration said it needs to confront China over its trading practices to defend US long-term interests even as escalating tariffs may cause discomfort for American consumers. Inaction by the US would leave the American economy and consumers worse off over the longer […]
President Trump Imposed Tariffs on Chinese Goods $AAPL, $FIT Monday after the stock market closed, USPresident Trump President Donald Trump said he will impose 10% tariffs on about $200-B worth of Chinese imports, but he spared smart watches from Apple (NASDAQ:AAPL) and Fitbit Inc (NYSE:FIT) and other consumer products such as bicycle helmets and baby car […]
The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilised. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports towards personal consumption, while at the same time battling a mountain […]
“China has been a ‘Serial Violator’ of WTO for Many Years” It is a good thing that China and the United States are now talking to each other on trade, but China has been a “serial violator” of the World Trade Organization (WTO) for years, Rep. Jeb Hensarling (R-TX) said Thursday. “It is just not […]
“US Under No Pressure to Make a Deal With China” Thursday, US President Donald Trump denied a recent report in the WS-J that claimed that his Administration has reached out to China to begin new trade talks. “The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, […]
A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump’s tariffs: remove the “Made in China” label by shifting production to countries such as Vietnam, Serbia and Mexico. The world’s two largest economies have been locked in a months-long trade fight after Trump imposed 25 percent customs duties […]
Huge Tariffs on Chinese Goods Ready Now US President Donald Trump has raised the stakes on the proposition that the world will line up behind the US to take on China over trade. President Trump said Friday that he is willing to slap tariffs on an additional $267-B in Chinese goods, on top of duties […]
President Trump’s Mexico Trade Deal a Look at the Future President Donald Trump has sidestepped conventional processes, protocols and procedures in trade negociations Last Monday, the US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada may also to be on track. These breakthroughs, combined with an easing […]
President Trump Warns WTO, “If they don’t shape up, I would withdraw” US President Donald Trump said he will pull out of the World Trade Organization (WTO) if it does not treat the US better, continuing his criticism of a cornerstone of the international trading system. “If they don’t shape up, I would withdraw from […]
President Trump ‘Hard Balling’ China With More Tariffs US President Donald Trump is prepared to quickly ramp up a trade dispute with China and has told aides he is ready to impose tariffs on $200-B more in Chinese imports as soon as a public comment period on the plan ends next week it was reported […]
President Trump Approaches His ‘Reagan Moment Economist Mohamed El-Erian predicts that President Donald Trump sees a 60% chance that President Donald Trump’s hard line with China and Europe yields “fairer trade.” The chief economic adviser to Allianz SE also set some other odds in a recent TV interview. El-Erian puts a 15% chance on a “Reagan moment” […]
Trade Talks Moving Ahead, Deals With China and Mexico Near Trade talks toresume with China later this month, and US Trade Representative Robert Lighthizer is “getting close” to reaching a trade deal with Mexico, National Economic Council Director Larry Kudlow said Thursday. However, he said in a TV interview that the Chinese government should not […]
US Sanctions 3 Shipping Firms Over NKorea Strategic Trade Wednesday, The Trump Administration imposed additional sanctions on 3 foreign companies the US Treasury Department sayd are helping NKorea with illicit shipments of goods to fund its nuclear program. The US Treasury Department said it was taking action against the companies, which are based in China, […]
Trade War Hurts Hong Kong Peg Hong Kong’s de facto central bank said Thursday it had bought up more than US$2 billion worth of local currency to maintain a long-held peg to the US dollar. Since 1983, the linked exchange rate system is a unique type of exchange rate regime used for the Hong Kong […]
Has Trump Created a Monster The trade battle started by the USA has had a not-so-unexpected consequence, China and Russia have been had at work building international allies to fight the US sanctions. New trade deals have been done at an alarming rate across the world, Americas inaction in South America and Africa have left […]
China’s securities regulator said it will allow individual foreign investors working in the country to buy and sell yuan-dominated Chinese A-shares, the latest incremental step by Beijing to widen access to its long-cloistered equities markets. The change would go into effect on September 15 and also applies to foreign employees of Chinese-listed companies who are […]
China Seeks to Settle Trade War China will send a top negotiator to the United States in late August to resume trade talks, the commerce ministry said Thursday, the first public meeting on the subject in weeks as the trade conflict intensifies. Vice Commerce Minister Wang Shouwen, the deputy representative on international trade negotiations, will […]
The Chinese economy is displaying further signs of weakness, with data Tuesday showing investment slumped to a record low in the first seven months of the year and retail sales slowed. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports and towards personal consumption, while at the […]
China’s Political and Economic Waters Look Choppy As China’s leaders gather for their annual Yellow Sea retreat, its political and economic waters look choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as […]
The recent fall of the yuan has been a boon to Chinese exporters facing a trade war with the United States, but it poses financial risks that could prompt Beijing to prop up its currency. While markets are spooked by the standoff between the world’s two biggest economies, a weaker currency makes exporters’ goods cheaper, […]
Global Growth Could be on the Brink of Stalling Trade expansion will likely slow further in the third quarter of 2018, the World Trade Organization’s (WTO) latest World Trade Outlook Indicator (WTOI) indicated on Thursday. The most recent WTOI reading of 100.3 is below the previous value of 101.8 and just above the baseline value […]
Commodities declined in July due to increased potential for rising production in energy commodities and lower demand expectations for base metals. The Bloomberg Commodity Index Total Return performance was lower for the month, with 15 out of 22 Index constituents posting losses. Credit Suisse Asset Management observed the following: Industrial Metals declined 4.69%, with all […]
US Trade Dust-up Causes Rift in Chinese Leadership A growing trade dispute with the US is reported to be causing rifts within China’s Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the US position. President Xi Jinping still has a firm grip on power, but an unusual surge […]
Trade tensions between the US and China have been intensifying over recent months with each country imposing levies on mutual imports with extra duties. In July, Washington imposed tariffs on $34 billion worth of Chinese goods. US President Donald Trump accused Beijing of “being vicious” on trade, stressing that Chinese measures were targeting US farmers […]
The Trade War Scorecard China’s trade surplus with the United States eased in July after President Donald Trump imposed tariffs on Chinese goods in a showdown between the world’s two biggest economies, official data showed Wednesday. The Asian giant posted a $28.1 billion surplus last month after reporting a record $28.9 billion in June according […]
About 40 years after China set sail on its voyage of reform and opening-up, the journey is still at full speed and heading towards ever greater goals. At the 19th Communist Party of China (CPC) National Congress held in October last year, Chinese President Xi Jinping, also general secretary of the CPC Central Committee and […]
Trade War Hits Ag Products $WEAT, $SOY, $CORM Chicago Board of Trade (CBOT) agricultural futures closed higher in the past trading week which ended Aug. 3, as deepening drought and trade tensions dramatically impacted wheat and soybean prices. The most active contract for December corn rose 8 cents weekly, or 2.13 percent, to 3.8425 dollars […]
China on Friday announced its decision to impose additional tariffs of four different rates on 5,207 items of imported U.S. products worth 60 billion U.S. dollars. The rates of additional tariffs on such products will be 25 percent, 20 percent, 10 percent, and 5 percent, according to the Customs Tariff Commission of the State Council. […]
Asian countries have voiced concern about the potentially devastating impact of a US-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States. Fear that a simmering trade spat between the world’s top two economies could spiral into a full-blown trade war — with […]
China’s new countermeasures to impose additional tariffs on about 60 billion U.S. dollars worth of products from the United States are “rational and restrained,” a spokesperson with the Ministry of Commerce (MOC) said Friday. The Customs Tariff Commission of the State Council on Friday unveiled lists of 5,207 items of U.S. products to be subject […]
China’s foreign minister said Saturday that his country’s threat to impose retaliatory tariffs on $60 billion of American goods in an escalating trade spat was “fully justified”. Beijing threatened Friday to bring in the levies on products ranging from beef to condoms, after US President Donald Trump’s administration upped the ante in its plans for […]
Google Hammered by Senators Over Censored China Search Engine $GOOGL Friday, a group of Republican and Democratic Senators hammered Alphabet Inc.’s (NASDAQ:GOOGL) Google over reports it is developing a censored version of its search engine for the Chinese market. China critic Senator Marco Rubio (R-FL), was joined by 5 otherUS lawmakers on a letter to […]
Caution China, President Trump Will ‘Follow Through’ Friday, White House chief economic adviser Larry Kudlow cautioned China not to underestimate President Donald Trump. “Let me just say this, the Chinese have better not underestimate the determination of President Trump to follow through and seek zero tariffs and nontariff barriers and subsidies and a level playing […]
Could the Trade War Backfire A dip in auto exports and rising oil prices in June drove the biggest increase in the US trade deficit in 19 months, reversing much of May’s export bonanza, the government reported Friday. The result could weigh on revised calculations of second quarter growth, which President Donald Trump hailed as […]
China to Step Up Trade War Beijing warned Friday it was prepared to impose new tariffs on $60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war. The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald […]
Foreign direct investment (FDI) into the Chinese mainland was optimized in quality and quantitative growth, thanks to an improved business environment, officials and experts said. FDI into the Chinese mainland rose 1.1 percent year on year to 446.29 billion yuan in the first six months of 2018, according to the Ministry of Commerce (MOC). In […]
The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday. President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 […]
A key meeting has signaled that China will put more focus on maintaining the stability of the economy in the second half of this year amid external uncertainties. China will keep its economy on a stable and healthy development track with proactive fiscal policies and prudent monetary policies in the second half, according to a […]
Heavy US Tariffs On Chinese Goods Has Beijing and US in Private Conversations The Trump Administration will propose raising to 25% its planned 10% tariffs on $200-B in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table. The US imposed 25% tariffs on $34-B of Chinese products in early July, and […]
China Economic Update China’s Ministry of Commerce (MOC) on Monday asked for the public’s opinion on a revised measure concerning foreign investors making strategic investments in Chinese listed companies. “The A shares acquired by foreign investors through strategic investment are not tradable for 12 months,” according to the revision on the ministry’s website. Currently, working […]
Chinese Foreign Ministry spokesperson Geng Shuang said Wednesday that there was “no winner in a trade war,” calling on the United States to withdraw from the wrong path and not to go any further. The Trump administration announced it would provide up to 12 billion U.S. dollars in aid to U.S. farmers impacted by ongoing […]
BRICS Prepare for Trade War Leaders of the BRICS emerging economies — Brazil, Russia, India, China and South Africa — will gather in Johannesburg on Wednesday for a three-day meeting focused on the threat of a US-led global trade war. US President Donald Trump’s hardening stance has compounded fears of an all-out trade war after […]
President Trump, “‘Ready to Go’ With Tariffs on $500-B of Chinese Imports” US President Donald Trump has indicated that he is willing to hit every product imported from China with tariffs. President Trump said “I’m willing to go to 500,” referring roughly to the $505.5-B in goods imported last year from China. The Trump Administration […]
President Trump, “China, EU ‘Manipulating Currencies’” President Donald Trump doubled down Friday morning on his plan to impose massive tariffs on China and the European Union, Tweeting that the United States should be on a “level playing field’’ with countries that have been “manipulating their currencies.” Trump also zeroed in on Canada in a 3rd […]
President Trump’s Foreign Policy, “So Far, So Good” Thursday, Senator Tim Scott (R:SC) characterized President Donald Trump’s foreign policy chops as “so far, so good.” In an afternoon TV interview the South Carolina Republican insisted that “we have to have confidence in the President of the United States when he says what he says.” “The […]
China will work to tackle the weak areas in its business environment to further improve overall competitiveness and sustain the sound momentum of steady economic performance, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday. The Chinese government places high importance on improving the country’s business environment. Li has urged government […]
Chinese President Xi Jinping on Wednesday published a signed article titled “Working Hand in Hand for a Better Future” on Al Ittihad and The National, two mainstream newspapers in the United Arab Emirates (UAE), ahead of his state visit to the Middle East country. The following is the full text of the article: Working Hand […]
Trade War: Who is Cheating? Everyone China has accused the United States of hurting the global economy by waging trade wars. Beijing says the whole world will retaliate if Washington sticks with its aggressive trade policy. The US trade war is not just with China but with the rest of the world. By regarding the […]
China’s First Lady Peng Liyuan is accompanying President Xi Jinping of the People’s Republic of China on his official visit to the UAE, as part of a high-level delegation to deepen bilateral trade, cultural and scientific cooperation between the two countries. The first lady represents a new image of China, where the President of the […]
China Building a Free Trade Network Amid a revival of unilateralism and protectionism across the globe, experts hail efforts to safeguard multilateralism and build an open world economy. China and the European Union (EU) on Monday agreed to jointly work to safeguard the rules-based international order, promote multilateralism and support free trade. The agreement was […]
Chinese President Xi Jinping met with European Council President Donald Tusk and European Commission President Jean-Claude Juncker on Monday, calling for closer partnership between China and the European Union (EU). “China and the EU are both builders of world peace, contributors to global development and defenders of the international order,” Xi said when meeting with […]
Some US manufacturers are delaying investments and raising prices as President Donald Trump escalates trade wars with key US economic partners but most companies report no change, according to a survey released Monday. The National Association for Business Economics also found in its monthly report that members unanimously expected economic growth to continue in the […]
China and the Trade War Beijing has filed a complaint with the World Trade Organization (WTO) against planned US duties on $200 billion worth of Chinese products, China’s Ministry of Commerce announced on Monday. Last week, the ministry said it would immediately file a complaint to the WTO against what it called US unilateralism. In […]
Trade War: It’s Still Boom Time in China China’s gross domestic product expanded 6.8 percent year on year in the first half of 2018 to about 41.90 trillion yuan (6.27 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed Monday. In the second quarter, China’s GDP rose 6.7 percent year on year, […]
Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence. This year’s sector showpiece event, opening Monday, will be buzzing on the back of rapid changes in the industry, as US titan […]
Trade War Update China China said Friday that its attitude on respecting and protecting intellectual property rights (IPR) is serious and its actions are effective, calling the U.S. allegations of so-called IPR theft by China groundless. “In recent months, the United States has repeatedly accused China of stealing intellectual property rights, but it has never […]
Trade War Latest News The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests. “The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order […]
Trade War: China Responds China will take necessary countermeasures to resolutely safeguard its rights and interests, a Chinese Foreign Ministry spokesperson said Wednesday after the United States announced a list of tariffs on 200 billion U.S. dollars of Chinese goods Tuesday. “The behavior of the U.S. is typical ‘trade bullying,” spokesperson Hua Chunying said at […]
Accusing China of not negotiating “seriously” on trade, the Trump administration has released a list of products it wants to impose a ten percent tariff on, amounting to $200 billion. The new tariffs would kick in within 60 days. The 200-page document, released on Tuesday by the US Trade Representative’s office, gives notice to those […]
President Trump, the ‘Picasso’ of Tweets $TWTR Donald Trump’s Tweets are not a mistake, it is not insanity, he is not nuts, and not stupid, he is Genius. President Trump is the Picasso of Tweets. Monet meets Beethoven. The Saul Alinsky of Conservatives and Capitalists. Donald J Trump is 1st politician from the right to […]
Trade War Latest Update China stays committed to continuously and proactively expanding opening up so as to better cope with unilateralism and protectionism, Premier Li Keqiang said here on Monday. Li, who is in Germany for a three-day official visit, made the remarks at an innovation-themed forum, which is also attended by his German counterpart, […]
Companies from China and the United States are concerned about the impact of trade tensions between the world’s top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday. China’s customs authority announced that additional tariffs for some imports from the United States worth […]
Just hours after the United States introduced 25 percent trade tariffs on $34 billion worth of Chinese goods, Beijing has retaliated with mirror measures against American imports. “After the United States introduced the new tariffs, China’s reciprocal measures also immediately took effect,” said the spokesman for the Chinese Foreign Ministry Lu Kang. He did not […]
President Trump, “EU possibly as bad a China on trade.” Sunday, President Trump said, Europe is “possibly as bad as China” on trade. “The European Union is possibly as bad as China, only smaller,” he said. “It is terrible what they do to us.” “I love those countries, Germany, and all of the countries. Scotland…. […]
China Already Feeling the Pain from President Trump on Trade China’s manufacturing activity decelerated in June as US-Chinese trade tensions added to concern the economy is cooling due to tighter government controls on lending, a survey showed Saturday. The National Statistics Bureau’s (NBS) purchasing managers’ index declined to 51.5 from May’s 51.9 on a 100-point […]
Trade War: China Opens as America Closes When one door closes, another one opens, that is what is happening now in Asia China has taken solid steps in promoting its opening-up by lowering import tariffs and easing market access, while new measures on intellectual property protection and a new negative list for market access of […]
Chinese authorities have reportedly deployed the country’s central bank to resist intense trade pressure from Washington as nearly 85 percent of China’s sales to the US were hit with export tariffs amid an escalating trade war. The People’s Bank of China has announced first steps towards easing monetary policy, pledging to boost demand for the […]
President Trump, “Remove your trade barriers or be met with more than Reciprocity by the USA” Sunday, US President Donald Trump warned other nations about their trade policies with the United States. The President’s statement comes days after he threatened to place a 20% tariff on all European automobiles entering the US and after Commerce […]
China to Help Small Business The Chinese government will roll out a series of incentives to make financing more accessible and affordable for small and micro businesses to promote cost-cutting in the real economy, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday. It was pointed out at the meeting that […]
China will link easing or removing sanctions on North Korea with progress in denuclearization, a Chinese government official said Wednesday, as the North’s leader Kim Jong-un made another visit to Beijing this week. In their talks Tuesday, Kim and President Xi Jinping focused on improving bilateral relations and ridding the Korean Peninsula of nuclear weapons, […]
North Korean leader Kim Jong-un met with Chinese President Xi Jinping in Beijing on Tuesday in the latest sign of strengthening ties between the two leaders. China’s state-run CCTV aired footage of Kim’s summit with Xi at the Great Hall of the People in a very rare public announcement of Kim’s trip. Xi and his […]
You Can Bet on Trump to Win Trade War Trump is the most business friendly President in history so you can stop fretting the trade war, expect him to win and to establish fair trade at a global level. This is what the protectionism is about, Trump is not reverting to a protectionist economy, what […]