Tag: trade dispute
Zhang Hanhui has described trade disputes between the United States and China as a ‘naked economic terrorism’.
Prices are rising on hopes that Washington and Beijing could resolve their trade disputes, which have dented global economic growth.
The offer would be part of the memoranda of understanding under discussion by US and Chinese negotiators in Washington.
Economic growth in the semi-autonomous Chinese city for the last quarter of 2018 was less than 1.5% - the weakest since the first quarter of 2016.
China's deputy chief justice says the Supreme Court will begin handling appeals on intellectual property rights cases from Jan 1 where previously only provincial-level high courts would handle them.
Democrats, the traditional party of trade unions, is likely to back President Donald Trump's trade war with China, especially for their hoped-for effect on helping American workers.
The United States has already imposed tariffs on US$250 billion worth of Chinese goods, and China has responded with retaliatory duties on US$110 billion worth of US goods.
The Fund's member countries agreed to debate ways to improve the World Trade Organization so it can better address trade disputes.
Washington and Beijing have slapped steep import tariffs on hundreds of goods in the past months and Chinese oil importers have shied away from new orders for US crude oil recently.
The WTO's downgrade comes only days after US President Donald Trump's tariffs on another US$200 billion of Chinese imports took effect.
The US imported around US$500 billion worth of products from China last year, compared to US$130 billion in US goods imported by the Asian country.
Ma’s remarks carry particular weight because he is an icon of Chinese innovation and has been seen as an ambassador to the US.
President Donald Trump is barreling ahead with his vow to punish China for alleged unfair trading practices, despite an invitation this month from Treasury Secretary Steven Mnuchin to restart trade talks with Beijing.
Analysts cautioned that trade disputes between the United States and other major economies, especially China and the European Union, could drag on economic growth and, by extension, fuel demand.
Trump's refusal to direct criticism at North Korean leader Kim Jong Un but blame other parties for a lack of progress comes despite reports the US received a belligerent letter from Pyongyang.
Top officials from the world's two biggest economies would hold talks to resolve the trade crisis that has led to tariff wars.
The latest US filing said Indonesia had not complied with the ruling against its own import restrictions, so Washington was seeking annual sanctions to compensate for the damage done to US interests.
Oanda Head of Trading in Asia-Pacific, Stephen Innes said with the oil prices back on the up, the local currency should trade with a positive bias in today's session.
The Chamber, the nation's largest business lobbying group and a traditional ally of Trump's Republican Party, said the White House is risking a global trade war with its push to protect US industry and workers with tariffs.
Traders worry that escalating tariffs on export goods, including US crude oil, will stall trading and eventually choke world economic growth.
Trump said the Foxconn project would create 15,000 jobs and contribute $3.4 billion annually to Wisconsin’s economy.
Jyrki Katainen, the EU commissioner in charge of jobs and growth, said that if Trump applies new tariffs to European cars, as he threatened this week, the bloc “again, would have no choice but to react.”
Goh’s comments shed light on another potential threat to cargo rates as carriers brace for a possible US-China trade war that could undermine a market in which demand has risen since the fourth quarter of 2016.
OPEC, together with other key producers including Russia, started withholding output in 2017 to prop up prices, but a tightening market has led to calls by consumers for more supplies.
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