The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala has said the US-China tariff war could cut trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. Okonjo-Iweala said this in a statement on… Tariff war could reduce US-China goods trade by 80% – WTO DG, … Read more
China has raised its tariffs on the United States to 84 percent, up from 34 percent, effective April 10. The retaliatory move comes shortly after US President Donald Trump nearly doubled duties on Chinese imports. DAILY POST reports that global markets have slumped in response… Tariff war: China retaliates, raises duties on US goods to … Read more
China’s Ministry of Commerce has added 12 US companies to its export control list and another six to its unreliable entities list, effective Thursday. This was contained in a statement released on Wednesday. DAILY POST reports that companies added to the export control list… Tariff war: China adds US companies to export control list …C0NTINUE … Read more
China’s Central Bank has said it will not allow a significant decline of the yuan. This is even as the apex bank urged major state-owned banks to scale back US dollar purchases. Reuters reports that the bank sent the new guidance to state banks this week, urging them to… Tariff war: China’s central bank orders … Read more
United States President Donald Trump has claimed that China has been hit harder than the US amid the ongoing tariff war between both nations. In a post on his Truth Social media account on Saturday, Trump also claimed that China and some other countries have treated the US… Tariff war: China has been hit harder, … Read more
China has taken steps to restrict local companies from investing in the United States, a move that could provide Beijing with greater leverage in potential trade negotiations with President Donald Trump’s administration, Bloomberg reports, citing sources familiar with the… China restricts local companies from investing in US amid tariff war …C0NTINUE READING HERE >>>>
German Chancellor Olaf Scholz stated on Sunday that Europe desires cooperation with the United States, while also asserting that the EU is prepared to respond collectively if Washington forces their hand by imposing tariffs on steel and aluminium. Speaking at the opening of… Tariff war: EU ready for US – German Chancellor Scholz …C0NTINUE READING … Read more