Trade

    • 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.

      25
    • 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.

      51
    • 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.

      54
    • US to mediate in Japan, South Korea row

      US to mediate in Japan, South Korea row

      National Security Adviser John Bolton departed on Saturday for a trip to Japan and South Korea as a trade dispute between the two countries shows no signs of easing. During his visit he will have "conversations with critical allies and friends," a White House National Security Council spokesman said on Twitter.

      70
    • EU-Vietnam trade and investment agreements to be signed

      EU-Vietnam trade and investment agreements to be signed

      The Council of Ministers today approved the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion at the end of the week. EU Commissioner for Trade Cecilia Malmstrom and Romanian Minister for Business, Trade and Entrepreneurship Stefan-Radu Oprea are now expected to sign the agreement on the EU's behalf in Hanoi on Sunday 30 June.

      107
    • US sending trade delegation to China next week

      US sending trade delegation to China next week

      The US will send a high-level delegation to Beijing next week as trade negotiations with China continue, the White House said. As a statement from Press Secretary Sarah Huckabee Sanders reads, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will head to Beijing, where they will meet with Chinese Vice Premier Liu He for talks that start on 30 April.

      227
    • US-China trade talks nearing 'final round'

      US-China trade talks nearing 'final round'

      US Treasury Secretary Steven Mnuchin said on Saturday that a US-China trade agreement would go “way beyond” previous efforts to open China’s markets to US companies and expressed hope that the two sides are edging “close to the final round” of negotiations. He also called the agreement under discussion “the most significant change in the trading relationship in 40 years,” adding that it would have “real enforcement on both sides.”

      210