The Chinese Foreign Ministry said that the move by the three biggest US airlines to change how they refer to Taiwan on their booking websites was a positive development.
The Trump administration on Tuesday said it will use a Great Depression-era program to pay up to US$ 12 billion to help U.S. farmers weather a growing trade war with China, the European Union and others that the president began. It is a clear signal the U.S. President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict.
Reports that China wants a “long-last relationship” with Brazil in terms of trade in agricultural goods and other products received attention in Asian markets. The two countries are ready to take their trade relationship “to new levels” amid an escalation of global trade wars, China's ambassador to Brazil Li Jinzhang said during an agribusiness conference in São Paulo on Monday.
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese goods imported to the U.S. should the need arise.I'm ready to go to 500, the president told CNBC's Joe Kernen in a Squawk Box interview aired Friday.
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world's second-largest economy expanded by 6.7%, down from the previous quarter's 6.8%, the government reported Monday.
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.
China can increase soybean imports from other countries to reduce reliance on buying from the United States, the president of state grains trader COFCO said in an interview with the Communist Party’s official People’s Daily paper on Wednesday.
Cut-price Chinese home insulation is being blamed for a massive rise in emissions of a gas, highly damaging to the Earth's protective ozone layer. The Environmental Investigations Agency (EIA) found widespread use of CFC-11 in China, even though the chemical was fully banned back in 2010.
US President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on US$ 34 billion of Chinese imports. China immediately said it would be forced to retaliate. The duties on Chinese goods started at 12:01am Friday in Washington, just after midday in China.