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Tag Archives: trade war

Trade Links With Asia Contribute To 19.8% Increase In Freight For African Carriers

The International Air Transport Association (IATA) in its November 2019 data for global air freight markets demand has recorded an increase in demand for African carriers by 19.8 percent, compared to the same period a year earlier. Strong trade and investment links with Asia contributed to positive performance. Capacity grew 13.7 percent year-on-year. The demand, measured in freight tonne kilometres (FTKs), ...

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Europe’s Green Deal Could Open A New Front In The Trade War

In mid-January, U.S. President Donald Trump is slated to sign a so-called phase one trade deal with China, which may put the U.S.-Chinese trade war on the back burner for the coming year. But that doesn’t mean the United States’ trade disputes are over. In fact, all signs now point to a trans-Atlantic trade war taking center stage in 2020. ...

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Some Unlikely Critics Oppose Trump’s Upcoming Tariffs On EU Wine

United States president Donald Trump’s trade war with the European Union could be a boon for California vintners, which make about 95% of US wine. Americans will opt for a cheaper bottle of domestic vino over a foreign variety. A trade war isn’t particularly great news for wine lovers in the US, either. For the past three decades, the US ...

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Oil Rises, Supported By Trade Deal, OPEC Cuts

Oil prices rose buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode. Brent crude was up 16 cents, or 0.2%, at $67.36 a barrel by 0155 GMT. West Texas Intermediate was up 20 cents, or 0.3%, at $61.31 a barrel. “Oil prices continue ...

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China, Japan, South Korea Agree To Push For Free-Trade Deal

The trade ministers of China, Japan and South Korea agreed to work towards a regional trade pact and a trilateral free-trade deal. The agreement was reached despite the recent bitter quarrel between Tokyo and Seoul and the uncertainty caused by China’s ongoing trade negotiations with the United States, as well as the threat of North Korea resuming nuclear tests. The ministers did ...

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U.S. China Trade War Phase One Deal On Progress

America and China are bracing ahead to resolve an impending month trade war, as Beijing blames Washington for damaging relations between the two countries. According to reports, the two countries are said to have reached a deal. However China’s minister of foreign affairs expressed his dissatisfaction over America criticizing Beijing over its policies in Hong Kong that has damaged mutual ...

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Kenya’s Tax On Digital Trade and Services

Kenya will start levying new tax on digital markets under a new law signed by the president early in November. The Finance Act seeks to broaden the Income Tax Act net to include income accruing through a digital market place. The law defines the digital marketplace as a platform that enables direct interactions between buyers and sellers of goods and ...

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New Zealand Impacted Less By US-China Trade War

Exporters in China and US have experienced adverse impact owing to tariff hike but New Zealand is one country that somehow remained unaffected by non-tariff barriers. Despite disruptions in value chains, trade tensions between China and US appear to have left New Zealand exporters unharmed for now. The country managed an overall growth of 4.7% in merchandise exports over the ...

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