The United States House of Representatives has voted during the Asian session on Wednesday in favor of passing a bill that would ban goods produced by forced laborers from China’s Xinjiang region, as reported by Bloomberg. The measure aims punish China for alleged oppression of Uyghur Muslims unless companies can prove that they have not […]
Tag: Commercial war
The US and China should work together in the first phase of the trade agreement
The Ministry of Commerce of China said in a statement Thursday that Washington and Beijing should work together to create conditions for the implementation of the first phase of the trade agreement. In response to the US Trade Representative’s comment about possibly lifting partial tariffs on Chinese goods, the country’s Commerce Ministry said: “We would […]
Treasury Secretary Frydenberg Says Economy Must Diversify To Avoid Shocks From China
“The Australian economy must diversify to avoid shocks from China“Reuters quotes in excerpts from a speech that the country’s Treasury Secretary Josh Frydenberg is likely to deliver at a leadership forum at the Australian National University. Additional comments “It is no secret that China has recently tried to attack Australia’s economy“, “They have addressed our […]
Yellen says China trade deal has ‘hurt American consumers’ – NYT
In an interview with the New York Times (NYT) on Friday, the United States Secretary of the Treasury, Janet Yellen has raised concerns about the Sino-US trade deal, citing that some US tariffs hurt consumers. Featured Comments “My own personal opinion is that no tariffs were imposed on China in a way that was very […]
EU and US can resolve differences over steel and aluminum tariffs before the end of the year
The German Minister for the Economy, Peter Altmaier, made statements collected by Reuters at the end of the North American session on Thursday, talking about the positive future trade relations between the European Union (EU) and the United States. Additional comments… The talks in Washington showed a window of opportunity to resolve differences and he […]
US to Launch ‘Strike Force’ Targeting Trade Abuses, Mainly from China
The White House plans launch a new “strike force” to combat unfair trade practices, mainly against China, Reuters reported, citing senior administration officials. The “supply chain strike force” would be led by the US trade representative. It would aim to look for specific violations that have contributed to a “dumping” of supply chains that could […]
China moves forward with law aimed at countering U.S. sanctions – Bloomberg
A committee of the National People’s Congress presented the second draft of legislation aimed at countering sanctions imposed by foreign governments, in light of the country’s growing rivalry with the United States, Bloomberg reports, citing the official Xinhua news agency. Outstanding conclusions: “The legislation would provide legal backing to counter discriminatory measures by a foreign […]
He is open to further talks with China to solve the problem
The Australian Trade Minister, And Tehan, appeals to the World Trade Organization (WTO) to establish a dispute settlement committee to address the issue of customs tariffs barley imposed by China. Australia is open to further discussions with China to resolve this matter, Tehan said. The trade dispute between China and Australia dates back to May […]
China’s purchasing progress under trade deal slows in April – Bloomberg
China’s purchases of US goods slowed in April and have shown signs of declining Chinese engagement. with the phase one trade agreement agreed with the US, as reported by Bloomberg analyzing Chinese official data. Key Comments: “China bought US $ 10.4 billion worth of manufactured, agricultural and energy goods in April, raising the total in […]
Truss Announces Launch of Tariff Review Against US Amid Steel and Aluminum Trade Dispute
The United Kingdom has launched a review of its tariffs on steel and aluminum imports from the United States.British Trade Minister Liz Truss said in a statement on Monday. Key Comments: “The UK will do whatever it takes to protect our steel industry against illegal tariffs that could undermine British industry and harm our businesses“. […]