As the global economy suffers as a result of COVID-19 lockdowns and restrictions, the pandemic has also renewed tensions between the US and China, creating instability in what was already a fragile truce on trade between two of the biggest world economies. The pandemic has left the global economy in
After more than a year and a half of heightened US-China trade tensions, both countries have finally come to an agreement about phasing out the tariffs that were imposed as part of the conflict, a spokesperson for the Chinese Ministry of Commerce announced on Thursday. China and the US are
What should your business do in response to the current situation between the U.S. and China? The short answer is to stay agile! We provide tips on what do do in this special report.
Although trade tensions with China have been brewing for decades, the U.S. began accelerating actions in response in early 2017 and began announcing tariffs in July 2018. Since then there have been multiple rounds of trade negotiation and actions on both sides designed to influence the other to a successful outcome. The most recent action has been an early August announcement by President Trump that a 10% tariff would be placed on an additional $300 Billion worth of products imported from China since China continues to break promises made in negotiations. The new tariffs will go into effect September 1, 2019. This is on top of the already levied 25% tariffs on $250 billion in Chinese imports.
In the latest episode in the technological cold war between the US-China, the US Department of Commerce has added five Chinese organizations to its list of foreign entities that are considered a security risk. The list was established last month when US President Donald Trump signed an executive order enabling
Chinese President Xi Jinping arrived in North Korea on Thursday for a meeting with North Korean leader Kim Jung-un. The occasion is significant not just because it’s the first visit to North Korea by a Chinese leader in 14 years, but also because it takes place at a time of
China continues to retaliate against recent US sanctions targeting Huawei and other Chinese firms. Last Friday, Beijing threatened to blacklist US companies that comply with those sanctions. A week before that, China had issued a draft bill ordering Chinese firms that want to buy “network products and services that affect
Just as the US-China trade war seems to be coming to an end with both countries working to finalize a new trade agreement, the US government has announced significant unilateral changes in its trade relations with India and Turkey. US President Trump stated that his administration is ending the preferential
US President Donald Trump on Sunday night announced that his administration will be delaying an increase in trade tariffs with China, which was bound to occur after 1 March in the absence of a new trade deal between the two countries. Trump claimed that “substantial progress” has been made in
Contrary to a statement made by the U.S. president last week, Donald Trump has now said that he will not be meeting with his Chinese counterpart Xi Jinping before March 1, which is the deadline set by both leaders for the negotiation of a new trade deal between their countries. President
At a meeting with Chinese vice premier Liu He at the White House, US President Donald Trump has stated that after two days of negotiations, the United States and China are on their way to reach the “biggest deal ever made”. Trump also said that he would have one or even multiple