The business of manufacturing cars in North America for North Americans is going to be an expensive affair, post Trump’s steel tariff hike. Negotiators working to rework the NAFTA trade deal were caught off-guard by U.S. President Donald Trump’s proposal… Read More ›
trade
China’s growing assertiveness rekindles German fears of foreign firms accessing its high-tech know-how
Geely’s agressive moves to access German sensitive high technology underscores a broader Chinese strategy of one-sided trade: attempts by German companies to gain full control over Chinese companies have repeatedly come to nought since it remains prohibited. China’s Geely’s purchase… Read More ›
Britain rules out customs union after Brexit: BBC
The move would have profound implications for Britain’s economy and could potentially trigger customs check at EU borders, including the one between Northern Ireland and the Republic of Ireland. The move is also likely to rid Britain from EU’s single… Read More ›
An outlook on how the imposition of steep tariffs on washers and the solar industry is likely to play out in the U.S.
The imposition of these tariffs are in line with Trump’s ‘Make in America’ push and could significantly effect its skewed trade balance with China. With U.S. President Donald Trump slapping steep tariffs on solar panels and on imported washing machines,… Read More ›
China’s trade with North Korea rises in November 2017
The latest U.N sanctions are expected to have a crippling effect on North Korea’s economy. In November, according to business data China’s trade with North Korea edged up to $388 million, its lowest levels this year. Tough U.N. sanctions are… Read More ›
EU, US, Japan join forces to expose China’s economic designs on global trading practices
The alliance will have to streamline their efforts and work more closely since any unilateral action by any member could undermine their core strategic group effort. As per a source close to the discussions at hand, the European Union, the… Read More ›
Progress in Brexit negotiation increases the chances of a trade deal between Britain and EU
The outcome of a poll involving 68 economists on the probable impact of on-going Brexit negotiations, makes an interesting read. With Brexit negotiations showing signs of progress, it is likely that they will probably end in a free trade deal,… Read More ›
Not much progress expected during fifth round of NAFTA talks
Despite the general lack of progress, the 2018 Mexican election promises to instill some fire into the negotiations. On Tuesday, negotiators from Canada, Mexico and the U.S., completed their fifth round of negotiations aimed at reworking the North American Free… Read More ›
Britain to introduce bills to enable it to manage post-Brexit scenarios
While the pro-Brexit camp has welcomed the provisions of the bill, the pro EU camp has warned that Britain may not have the independent capacity to strike new trade deals with other nations. On Tuesday, British Prime Minister Theresa May’s… Read More ›
Hong Kong and Singapore link up their trade and finance platforms to blockchain technology
The project aims at harnessing the benefits of Distributed Ledger Technology (DLT), also known as blockchain, to better tap into the synergies of $2 trillion worth of transactions between the two nations. On Wednesday, the central banks of Hong Kong… Read More ›