U.S., China will avoid acting ‘extremely foolish’ on trade, Warren Buffett says
Businessam Staff
May 5, 2018
Billionaire Warren Buffett on Saturday said it is unlikely that the United States and China will come to loggerheads on trade, and the countries would avoid doing “something extremely foolish.” “The United States and China are going to be the two superpowers of the world, economically and in other ways, for a long, long, long […]
China, US start talks on trade, economy in Beijing after dispute escalation
Businessam StaffMay 4, 2018
China and the United States will hold talks on trade and economic issues in Beijing on Thursday and Friday, marking the first high-level meeting since the bilateral trade dispute escalated in March. The Ministry of Commerce announced on Wednesday that a US delegation led by Treasury Secretary Steven Mnuchin, visiting as US President Donald Trump’s […]
Timing of trade war with China could hurt US industries the most, says Alibaba co-founder
Businessam StaffMay 1, 2018
The threat of a trade war between the U.S. and China comes just as China’s shifting economy could provide an opportunity for U.S. exports, according to AJoseph Tsai, Alibaba Executive Vice Chairman. “The trade war comes at a very ironic time,” Tsai said on CNBC’s “Closing Bell.” “There are now 300 million Chinese consumers that […]
US, China trade dispute to dominate World Bank-IMF Spring Meetings
Businessam StaffApril 17, 2018
Fears that the world’s two biggest economies, the US and China, are heading toward a trade war are set to dominate discussions at this week’s spring meetings of the International Monetary Fund and the World Bank. After a decade of ho-hum growth, the global economy is buzzing again. Christine Lagarde, the IMF’s managing director, says […]
China slams U.S. sorghum imports with 179% deposit amid trade war worries
Businessam StaffApril 17, 2018
China’s Commerce Ministry announced Tuesday that it will impose provisional anti-dumping measures on sorghum grain imported from the U.S. on growing fears of a trade war. According to Xinhua news agency, a preliminary ruling by the ministry found that US companies had dumped sorghum grain on the Chinese market and such imports had caused substantial […]