Asia

The U.S.-China trade tensions have caused wild swings in the trade deficit of the United State of America, with exporters and importers trying to stay ahead of the tariff fight between the two economic giants, causing the trade deficit to jump to a 5-month high. The trade deficit surged 8.4 percent to $55.5 billion from […]

 Japanese prime minister Shinzo Abe and Chinese president Xi Jinping agreed to work together to promote “free and fair trade” in talks on Thursday that included a “complicated” global economic landscape, a Japanese official said. Both countries are locked in a trade dispute with the United States as the world’s biggest economy threatens its major […]

Barbados and the United Arab Emirates have joined forces to co-host major United Nations Conference on Trade and Development (UNCTAD) events in 2020. Barbados will host the 15th UNCTAD quadrennial conference in Bridgetown, while the United Arab Emirates will host the World Investment Forum and the first eCommerce Week for Asia in Abu Dhabi. The […]

Protectionism across the globe reached a record high last year due to new barriers designed to restrict trade into China and the United States, according to a report by the European Commission published on Monday. The Commission’s Trade and Investment Barriers Report said that 23 non-EU countries had put in place 45 new trade barriers […]

 China’s commerce ministry said on Thursday Beijing will not yield to any “maximum pressure” from Washington, and any attempt by the United States to force China into accepting a trade deal will fail. China will not make concessions on matters of principle, ministry spokesman Gao Feng told reporters at a regular briefing. Trade talks between […]

China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at a G20 summit this month. Trump has repeatedly said he is getting ready to meet Chinese President […]

Officials of the U.S. Federal Reserve and International Monetary Fund separately warned on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy. Developments since early May, including a new 25% U.S. tariff on Chinese imports and threats of new U.S. […]

Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the finance ministry said it would start taking submissions. The Ministry of Finance last week posted a list of goods for which waivers could be granted that includes meats such as beef […]