59 Tariffs can encourage cross-border horizontal mergers (i.e., between competitors) and discourage vertical mergers (i.e., between customers and suppliers). Foreign firms are inclined to acquire competitors in countries protected by tariffs as their products are not subject to tariff barriers. In...
China has become the first developing country and major global economy to offer zero-tariff treatment on all products from the least developed countries (LDCs), strengthening solidarity and cooperation within the Global South while boosting Africa's exports, said the Ministry of Commerce on Thursday....
“We’re getting dependent on hostile countries without sufficient domestic production to ensure against price hikes and supply shocks,” said Michael Stumo, CEO of Coalition for a Prosperous America, a nonprofit group that promotes domestic manufacturing. “Whether it’s medicine, or PPE, or sola...
said York, and could be “massively disruptive to the way businesses have planned their supply chains.” She expects more severe, long-lasting tariffs would have a “chilling effect” on investment and could encourage retaliation from other countries. Even Germany, a key ...
"We strongly encourage the EU to approach the final measures with caution, delay the implementation of these tariffs and prioritize resolving disputes and trade tensions through consultations and dialogue," the CCCEU said in a statement on Friday. ...
Frisbie added, "We need solutions that will put the trade relationship on a sounder path for mutual prosperity, not sanctions that will do more harm than good. We encourage both sides to use the coming weeks to achieve that goal."
Beyond the immediate economic benefits, the RCEP serves as a platform for deeper collaboration and cooperation between China and the Philippines. By aligning trade policies, standards, and regulations, both countries can promote fair competition, encourage knowledge sharing, and foster technologica...
Since the disintegration of the Soviet Union in early 90s twentieth Century, a large number of cheap goods were urgently needed, so a large number of Chinese businessmen began to engage in private trade between China and Russia. However, customs clearance is cumbersome and customs duties are chao...
Over the longer term, the reports argues, the US government should enact legislation to help to build up a domestic crane manufacturing sector and, in the meantime, introduce financial incentives to encourage US ports to buy cranes from “non-adversarial countries”. Check out today’s News in...
In an interview with Xinhua on Wednesday, Gamal said, "We as developing states encourage dialogue and reject the use of world trade rules as means of protectionism and a ban on free trade."