On August 6, 2019, China had stated it would stop importing U.S. agricultural products. It now plans on lifting import restrictions on a limited number of items. On Wednesday, China’s Ministry of Commerce stated, it plans on removing import tariffs… Read More ›
U.S. China
Air China suspends Beijing-Hawaii air route
The development comes in the backdrop of an escalating trade wat with the United States. In a development that marks China once again resorting to using tourism as a weapon in the ongoing U.S.-China trade war, Air China, Beijing’s flagship… Read More ›
Nintendo to shift part of Switch gaming console to Vietnam from China
The move is part of Nintendo’s strategy to diversify risk. On Tuesday, a spokeswoman for Japan’s Nintendo Co Ltd stated, the company plans on relocating a part of the production of its Switch gaming consoles to Vietnam from China. Currently,… Read More ›
U.S. exports its first ever rice to China
Sun Valley Rice exported two containers of around 40 tons to a private Chinese importer. In a significant development, USA Rice, a trade group that promotes the sales of U.S. grains reported, a private importer in China has purchased U.S…. Read More ›
Pentagon diversifying sourcing of rare earths
Pruning the sully of rare earth to the United States is China’s only weapon against the United States in the ongoing U.S.-China trade war. In a significant development that marks a strategic shift in the sourcing of rate earth minerals,… Read More ›
U.S. faring well in U.S.-China trade talks: Trump
Enforceability is going to be critical to any potential future trade deal. U.S. President Donald Trump disclosed, the United States was doing well in trade talks with China and that Beijing wants to make a deal with Washington. “China would… Read More ›
China’s economic cools unexpectedly in April
The escalation in the U.S.-China trade war marks a stunning turning point in U.S.-China relations. With the impact of U.S. tariffs on the Chinese economy sinking in, Beijing will have to do a lot more to manage its public image…. Read More ›
U.S.-China trade war unlikely to trigger “Lehman shock” on global economy
in order to mitigate some of the impact of the U.S.-China trade war, Japan plans on laying the groundwork for a hike in sales tax. On Tuesday, Japanese Finance Minister Taro Aso stated the U.S.-China trade war is not likely… Read More ›
BMW takes steps to mitigate escalating U.S.-China trade war
BMW’s strategic decision comes in the wake of U.S. President Donald Trump raising the stakes for China in the trade war by saying he is willing to slap tariffs on Chinese exports to the U.S. worth $200 billion. BMW’s Chief… Read More ›
Donald Trump will accept only perfect U.S-China trade deal: Mike Pompeo
The statement by U.S. Secretary of State Mike Pompeo essentially sets the stage for the forthcoming U.S.-China trade summit. In a media interview, U.S. Secretary of State Mike Pompeo made it lucidly clear that U.S. President Donald Trump will reject… Read More ›