US, China to resume trade talks in Washington in October

US, China to resume trade talks in Washington in October

US and Chinese trade negotiators will resume talks in Washington in early October, Beijing said Thursday, after new punitive tariffs raised fears of a breakdown in the protracted negotiations. The world’s two biggest economies have been embroiled in a tense year-long trade war, which escalated further on September 1 when both sides implemented fresh levies. […]

China lodges tariff complaint against US with World Trade Organization

China lodges tariff complaint against US with World Trade Organization

The Chinese Commerce Ministry said on Monday that it has launched a case against the United States with the World Trade Organization (WTO) over US import duties. The move follows the latest round of Washington’s tariffs introduced on Chinese imports by the Trump administration on Sunday. The US began imposing 15 percent tariffs on a […]

Washington is exploring new ways to target Beijing as it runs out of goods to tax

Washington is exploring new ways to target Beijing as it runs out of goods to tax

Washington is exploring new ways to target Beijing as it runs out of goods to tax in the ongoing trade war, and century-old Chinese bonds could become a weapon, analysts have told RT. On Sunday, the latest tit-for-tat tariffs came into force. The US slapped a wide range of Chinese goods with 15 percent tariffs, […]

Trump’s Recent China Decision Has Caused US Stocks To Drop 623 Points

Trump’s Recent China Decision Has Caused US Stocks To Drop 623 Points

The Dow Jones Industrial Average took a dive of more than 600 points on Friday, hours after US President Donald Trump ordered US companies to move their operations away from China,Trendreports citingSputnik . The Dow closed by 623.34 points, the S&P 500 by 75.84 points and NASDAQ plummeted by 239.62 points. Hours before Friday’s closing […]

Macron Focuses on Security, Trade Tensions, Inequalities and Climate For G7 Summit

Macron Focuses on Security, Trade Tensions, Inequalities and Climate For G7 Summit

Security, trade tensions, fighting inequalities and climate challenges will be key issues of the three-day G7 summit that will start on Saturday evening in Biarritz, in southern France, President Emmanuel Macron said in a televised speech,Trendreports citingXinhua . “This meeting is useful, important (…) otherwise we would have to divide among ourselves,” said Macron, adding […]

Asia Remains On The Rise Despite The Trade War

Asia Remains On The Rise Despite The Trade War

Major Asia Pacific markets rose by the close on Friday, as investors looked ahead to an important speech from U.S. Federal Reserve Chairman Jerome Powell later in the day. In Tokyo, the Nikkei 225 index gained 82.9 points, or 0.4%, to end the week at 20,710.91 Elsewhere, the Japanese yen traded at 106.64 versus the […]

Australia Speaks Up About The Trade War and Defends The Principle of International Law

Australia Speaks Up About The Trade War and Defends The Principle of  International Law

Australia’s prime minister yesterday urged nations in Asia to stand up for their ‘independence and sovereignty, with tensions high in the disputed South China Sea where Beijing is under fire for increasingly bullish behaviour. Scott Morrison’s comments came after the United States slammed China for its ‘escalation in the waterway, a key global shipping route […]

Trade War Continues Between China and The U.S.

Trade War Continues Between China and The U.S.

The Chinese Ministry of Commerce says that its new tariffs will be applied to more than 5,000 U.S. products in two phases. The first stage would come into effect on September 1 and the second one on December 15. China announced that it will impose additional tariffs worth 75,000 million dollars on imported products from the United […]

A Turbulent Week For Global Stocks

A Turbulent Week For Global Stocks

Global stock markets rose on Friday as investors put economic growth fears and trade jitters to one side, deciding that they had had enough drama and losses for one week. “We’re ending a turbulent week on a more positive note as exhausted traders the world over head into the weekend in a more buoyant mood,” […]

White House Believes Trade War Won’t Lead US Into Recession

White House Believes Trade War Won’t Lead US Into Recession

White House officials pushed back yesterday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. ‘There is no recession in sight, White House economic adviser Larry […]

The New Globalization

The New Globalization

The term globalization encompasses a range of social, political, and economic changes. Some disciplines including anthropology or sociology focus on cultural changes of growing interconnectedness, such as the expansion of brands like Nike and McDonalds, and the networked world through social media. Other disciplines such as economics track the exchange of finances, goods and services […]

Asian Markets Rally Amidst Trade Talk Resolutions

Asian Markets Rally Amidst Trade Talk Resolutions

Asian markets rallied Monday following a strong lead from Wall Street and comments from Donald Trump’s top economic adviser hailing “positive” trade talks with top Chinese negotiators. Optimism that central banks will provide fresh support to head off a global economic recession has also lent much-needed support to regional equities after last week’s sell-off, with […]

US and China Talk To End Trade War

US and China Talk To End Trade War

Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump’s chief economic advisor said Sunday. If teleconferences between both sides’ deputies pan out in the next 10 days “and we can have a substantive renewal of negotiations,” Larry Kudlow said on “Fox News […]

Trump Warns China Violence Against Hong Kong Could End Trade War Resolutions

Trump Warns China Violence Against Hong Kong Could End Trade War Resolutions

US President Donald Trump on Sunday warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protesters would harm trade talks between the two countries. “I think it’d be very hard to deal if they do violence, I mean, if it’s another Tiananmen Square,” Trump told reporters in New Jersey. “I think […]

Singapore Faces Downgrades

Singapore Faces Downgrades

Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 […]

U.S. Targeting Huawei With A Passion

U.S. Targeting Huawei With A Passion

Huawei is the world’s fastest growing phone brand and it’s expected revenue has been shot down a bit by the US. A series of restrictions, tariffs and bans has not played well for this Chinese brand as a $30 Billion revenue was calculated to be lost through the trade war. The US put Huawei on […]

China Economy Going Strong

China Economy Going Strong

China’s exports beat gloomy forecasts to rebound in May though imports sank more than expected as the trade war with the United States heats up, official data showed Monday. The spat between the world’s top two economies escalated last month, with President Donald Trump increasing tariffs on $200 billion in Chinese goods. But Chinese exports […]

Malaysia’s Good Trade Policy and The US Trade War

Malaysia’s Good Trade Policy and The US Trade War

Malaysia’s recent inclusion in a United States’ currency manipulators’ watchlist is a subtle American way to discourage trade with China and boost US trade. A “classic case” of protectionism. This move is to isolate competing trading partners who pose a threat to the US. However, it is not expected to have a significant impact due […]

Trade War Latest

Trade War Latest

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 […]

Asian Markets Bet on Success in Trade War

Asian Markets Bet on Success in Trade War

Asia stocks opened sharply lower on Thursday, joining a global sell-off on concerns over Turkey’s financial crisis but later pared losses on news that China and the US would hold trade talks. Equities across the region suffered steep losses at the opening bell, with Tokyo and Shanghai off by more than one percent, dragged down […]

China Gets a Trade Boost as Sanctions Lift USD

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

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 […]

Trade War Continues to Lower Commodity Prices

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 […]

China Loves a Trade War

China Loves a Trade War

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

The Trade War Scorecard

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 […]

Trade War Latest News

Trade War Latest News

The first round of President Donald Trump’s 25 percent punitive tariffs on China will hit $50 billion in goods starting August 23, the government announced Tuesday. Washington already imposed tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raised by […]

Asia Concerned About Trade War

Asia Concerned About Trade War

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 Fires Back in Trade War

China Fires Back in Trade War

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 […]

US China Trade War May Dent Markets Monday

US China Trade War May Dent Markets Monday

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 […]

US China Trade War Update

US China Trade War Update

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 […]

Trade War Latest News

Trade War Latest News

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 […]

Investors Cut Risk in Trade War

Investors Cut Risk in Trade War

Investors Cut Risk in Trade War Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for June 2018. Investors cut risk in June 2018 as money moved out of equity and into bond funds. Overall, long-term U.S. open-end funds and ETFs […]

China Focused on Improving Economy

China Focused on Improving Economy

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 […]

Trade War: Who is Cheating? Everyone

Trade War: Who is Cheating? Everyone

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 Building a Free Trade Network

China Building a Free Trade Network

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 […]

Trade War Update

Trade War Update

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

Trade War Latest News

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 Turns Serious

Trade War Turns Serious

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 […]

Trade War Latest Update

Trade War Latest Update

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, […]

Trade War Bites Wall St

Trade War Bites Wall St

U.S. stocks ended lower on Monday as market sentiment was dented by fears of escalating trade tensions between Washington and its major trade partners. The conflicting signals on trade policy from the Trump administration reflect deep divisions among policymakers over how hard to push China on demands for changes in trade, technology transfers, and industrial […]

China Investment in USA on Hold

China Investment in USA on Hold

The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world’s two largest economies. Chinese investments totaled $1.8 billion from January through May, representing a 92-percent drop against the same period a year ago. That’s the lowest level in […]

US China Trade War May Settle with Talks

US China Trade War May Settle with Talks

Beijing has requested dispute consultations with the United States at the World Trade Organization over US tariffs slapped on imports of Chinese steel and alumium products, according to a WTO document published Tuesday. China’s representative to the world trade body has requested “consultations” with Washington over its decision to impose “additional ad valorem rate of […]

Full Trade War Begins

Full Trade War Begins

Stocks are down across Europe and in pre-market trading on Wall Street after China announced retaliatory tariffs on American imports. Before the opening bell, the S&P is down 1.7 percent, with the Dow and the Nasdaq over 2 percent lower. A loss of each percent in American indices means losing billions of dollars in value […]

China Strikes Back in Trade War

China Strikes Back in Trade War

Beijing will hit 106 American products, including soybean, automobile, and chemicals, with a 25-percent tariff in response to US levies on Chinese goods, Bloomberg reports, citing a CCTV report of the State Council decision. The move comes after Washington slapped nearly 1,300 Chinese goods with 25-percent tariffs. According to the White House, the measure is […]

Trade War Intensifies

Trade War Intensifies

Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on […]

Global Trade War is About to Begin: Reading Between the Lines at the IMF

Global Trade War is About to Begin: Reading Between the Lines at the IMF

What the IMF did not say is the key here Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee, the IMF’s steering body, also repeated its past commitments on […]