Tag: trade war

Friday, August 31st 2018 - 08:53 UTC
Chinese buyers leave the US soy exporters conference empty handed

An annual U.S. soy exporters' conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years when billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies.
Friday, August 31st 2018 - 08:41 UTC
Trump threatens to withdraw the US from the World Trade Organization

President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.
Friday, August 24th 2018 - 09:06 UTC
Latin American growth lowered to 1.5% this year, in a “complex global scenario”

Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday. The Economic Commission for Latin America and the Caribbean (ECLAC) slashed its growth forecast for the region by 0.7 point to 1.5%, saying the “complex global scenario” had dimmed the outlook since its last report in April.
Thursday, August 23rd 2018 - 08:21 UTC
Despite trade talks, US and China will impose fresh tariffs beginning Thursday

United States and China are expected to impose fresh tariffs on US$ 16bn of each other's goods on Thursday as their tit-for-tat trade war rages on. The second round of tariffs will see a total of US$ 50bn worth of goods from each side that will now be taxed. Since the opening salvo in July, tensions between the world's two largest economies have escalated, hurting their companies and economies.
Tuesday, July 17th 2018 - 09:36 UTC
China files WTO case against the US arguing tariffs are an illegal attempt of protectionism

China's Ministry of Commerce announced it is pursuing legal remedy against the U.S. in a brief statement on its website — the latest in an escalating trade conflict between the world's two largest economies.
Tuesday, July 17th 2018 - 09:30 UTC
Beijing/Washington trade dispute: China exports and surplus grow at solid pace

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.
Tuesday, July 17th 2018 - 08:46 UTC
US launches five dispute actions in WTO challenging China, EU, Canada, Mexico and Turkey

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.
Wednesday, July 11th 2018 - 08:47 UTC
China confident it can replace US soybeans with supplies from South America

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.
Tuesday, July 10th 2018 - 07:15 UTC
Trump picks strong business-friendly candidate to the Supreme Court

President Donald Trump on Monday night picked Brett Kavanaugh to fill an open seat on the Supreme Court, potentially creating the most business-friendly high court since before the New Deal in the 1930s. The nomination of Kavanaugh to replace the retiring Anthony Kennedy is another win for corporate America.
Tuesday, July 3rd 2018 - 08:27 UTC
EU/US auto industry dispute intensifies and prepares for worst case scenario

European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some US$ 300 billion in U.S. goods amid signs of a brewing trade war.