• US to hit China with new set of tariffs

      US to hit China with new set of tariffs

      In a sharp escalation of the Trans-Pacific trade war the US is on a way to impose fresh tariffs on a range of Chinese goods, news wires reported. Starting from 1 September, a renge of Chinese products will be hit with 15% duties worth billions of dollars. By the end of the year, Washington aims to impose tariffs on almost all Chinese imports into the US. Beijing reacted by saying it has "ample" means to retaliate, while also calling for both sides to continue trade negotiations.

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    • Signs of hope in US-China trade war

      Signs of hope in US-China trade war

      US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump's administration announced it is delaying tariffs on key consumer electronic goods imported from China. News that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war that had been escalating in recent weeks.

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    • UN signs mediation convention to settle trade disputes

      UN signs mediation convention to settle trade disputes

      Members of the United Nations on Wednesday signed the Singapore Convention on Mediation, an agreement it hopes will make it easier to settle cross-border commercial disputes and stabilise trade relationships, at a time when trade tensions between world's two biggest economies - the US and China - are escalating.

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    • Europe agrees to buy more US beef

      Europe agrees to buy more US beef

      President Donald Trump has hailed a new trade agreement with the European Union on Friday which will significantly increase US access to European beef markets. The EU has agreed to increase the quota allocated to US beef exporters to 35,000 tonnes a year. The total quota of non-hormone-beef permitted to enter the EU market will remain unchanged at 45,000 tonnes.

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    • Japan strikes South Korea off trusted export list

      Japan strikes South Korea off trusted export list

      Japan’s cabinet on Friday approved a plan to remove South Korea from a list of countries that enjoy minimum export controls, a move likely to escalate tensions fueled by a dispute over compensation for wartime forced laborers. With this South Korea becomes the first country to be removed from Japan’s white list, which currently has 27 countries including Germany, Britain and the United States.

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    • Latest US-China trade talks  increase uncertainty

      Latest US-China trade talks increase uncertainty

      US and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as “constructive”. The first face-to-face trade talks since a ceasefire was agreed last month amounted to a working dinner on Tuesday at Shanghai’s historic Fairmont Peace Hotel and a half-day meeting on Wednesday, before US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin flew out.

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    • US-China trade talks kick off in Shanghai

      US-China trade talks kick off in Shanghai

      US and Chinese trade representatives are about to begin their first official in-person meeting since the G-20 truce. Talks have already began in Shanghai today, with this being Shanghai's first time to host them during the trade spat and the twelfth round of negotiations overall.

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