Tag: Global trading

• Tuesday, June 16th 2020 - 08:30 UTC

  UNCTAD anticipates value of global trade in second quarter will drop 27%

  

  A study carried out by the United Nations Conference on Trade and Development, Unctad, pointed out that disruptions to the economic and social sectors by the pandemic have caused a dramatic decline in trade.

• Thursday, October 18th 2018 - 08:24 UTC

  Despite grumblings, US refrains from labeling China a “currency manipulator”

  

  United States has refrained from labeling China a “currency manipulator” in a move which may help defuse escalating tension over trade between the two countries. President Trump has previously accused China of keeping its currency weak to make its exports more competitive.

• Friday, September 21st 2018 - 08:35 UTC

  US/Beijing trade war: China plans to reduce tariff rates on imports next October, reports Bloomberg

  

  China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.