Home » Tag Archives: United States

Tag Archives: United States

China Says 2019 Exports Rose 0.5%

China’s 2019 exports rose 0.5% in U.S. dollar terms, though total trade for the year declined slightly. According to Vice Minister of General Administration of Customs Zou Zhiwu, the phase 1 deal between Washington and Beijing will see China increase imports from the United States but won’t affect China’s imports from other countries. This deal will be signed soon, marking a significant de-escalation but ...

Read More »

U.S. And France Race To Conclude Digital Tax Talks As Tariff Threat Looms

The United States and France are racing to reach a compromise in a digital tax dispute that could result in hefty American tariffs on French wine, cheese, handbags, cookware and more. The French finance minister, said that he had spoken with Steven Mnuchin, the Treasury secretary, about a new French tax on Facebook, Google and other American technology giants. The tax ...

Read More »

Trump’s 2020 Trade Vision

President Donald Trump has threatened to blow up the established order of international trade to get fairer terms for the United States. But after three years of tariff hikes and trade negotiations that have yielded some gains, the jury is still out on whether his get-tough approach has produced better results than the tactics of predecessors who were less willing to ...

Read More »

Tax hike, Global Slowdown Set To Dent Japan’s Economic Growth In 2020

Japan’s economic growth is expected to slow modestly in 2020, as a consumption tax hike combined with a sluggish global economy are poised to drag on flagging consumer spending and exports. The government’s 26 trillion yen ($237 billion) stimulus package and Tokyo Olympics and Paralympics-linked spending by tourists will serve to underpin the world’s third-largest economy. Japan’s real gross domestic ...

Read More »

China Senses New Historic Starting Point With EU

EU-China relations stand at a new historical starting point. China senses an opportunity as the EU could be the next target of a United States effort to replace multilateral trade rules with managed trade. China may expect some wins in Europe in 2020 in the area of 5G infrastructure. Huawei has signed 20 commercial contracts with European operators. Before the ...

Read More »

Cameroon Set To Lose Preferential Trade Status  

Cameroon will lose its preferred trade status under the United States African Growth and Opportunity Act (AGOA) on January 1, following the U.S. decision to revoke its status because of its human rights record. U.S. President Donald Trump confirmed it by a proclamation issued recently. The West African nation will no longer be eligible for benefits under AGOA that affect ...

Read More »

Vietnam Considers Tariff Cuts On American Agriculture Products

Vietnam is considering cutting tariffs on several American products, the Ministry of Finance said in a statement recently, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork, and potatoes are all earmarked for reductions; in order to re-balance ...

Read More »

South Korea To Sever Ties With Japan Over Dispute

South Korea plans to end ties with Japan until the dispute over Tokyo’s export restrictions is settled. South Korean chief negotiator Chung Hae-kwan revealed that South Korea will conduct a review of the steps to be taken apart from requesting the establishment of a panel. South Korea can request the establishment of a dispute-settlement panel at any time if it ...

Read More »