BRUSSELS, July 6 (Xinhua) -- The escalation of tariffs between the United States and China is "worrying" and "clearly damaging" to the world economy, European Union (EU) Trade Commissioner Cecilia Malmstrom said Friday. "Worrying development with escalation of tariffs between US and China. Cl...
The container shipping sector seems to be the biggest loser from the trade conflict between the US and China, while tankers and LNG carriers are showing greater resilience. According to international analysts, the escalation of tariffs and count...
The vice premier urged the two countries to deepen exchanges and cooperation to stabilise and develop the China-U.S. economic relationship, the agency added. The talks underscore trade tensions between the world's two largest economies. Both have made overtures to ease the friction...
Walmart, Macy's and other retailers had prepared for tariffs on some goods to increase to 25% from 10% as the deadline for those increased taxes approached during trade negotiations this month between the U.S. and China. But Macy's, for one, wasn't ready for the latest le...
The United States and China are exploring a trade pact that would halt further tariffs from Washington in exchange for new talks looking at major changes to Beijing's economy policies, officials tell the WSJ.
It noted the 10% or 15% additional tariffs on U.S. goods left enough room for China’s future slap. In the coming days, China may adjust retaliation actions depending on U.S. further move, Yuyuan Tantian quoted Cui Fan, a professor of the University of International Business and Econom...
Additional duties would cause severe economic harm to the requester or other US interests The product is not strategically important or related to Chinese industrial programs, such as Made In China 2025These criteria are subjective, and the burden of proof is on the importer to make a strong cas...
The fractious trade war between the US and China has entered a new phase with President Biden effectively quadrupling tariffs from 25% to 100% on Chinese made electric vehicles (EVs). In addition, levies on lithium-ion EV batteries have jumped from 7.5% to 25% and have doubled from 25% ...
arise from time to time between trading partners. China insists that such disputes should be resolved using the WTO dispute settlement mechanism, rather than through unilateral moves such as the imposition of punitive tariffs. This is because trade and tariff wars have no winners. Even the US ...
US-China Tariffs Weigh On Commodities Research Affiliates Say Spread Factor Bets The commodity complex continues to struggle on the heels of intensifying trade wars between the world’s two largest economies: the United States and China. On Tuesday President Trump released a list of Chinese goods ...