China trade

China steels itself for new front in trade war after US proposes tariffs on metals

by

The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more

More Americans trust Trump on trade than Biden, but split on China: Survey

by

More Americans trust former President Trump’s approach to trade than President Biden’s but are split on their approach to tariffs on China, according to a new survey.   The YouGov poll, released Friday, found 42 percent of Americans somewhat approve of Trump’s approach to foreign trade, 11 percent higher than Biden’s 31 percent. At the same … Read more

China’s Australian coal imports surge, replacing Russia as top supplier, but hi-tech products to be ‘slow burner’

by

But Russia’s share fell from nearly half to 22 per cent during the same period, as shipments from its northern neighbour fell by 41 per cent to US$1.25 billion. Relations between China and Australia deteriorated in 2020 when Canberra called for an investigation into the origins of the coronavirus. But ties have since slowly improved, … Read more

EU chamber warns of ‘slow-motion train accident’ with China, says something needs to change

by

“Something will need to change because Europe cannot just accept that strategically viable industries constituting the European industrial base are being priced out of the market,” he said. “That is where trade becomes a security question.” As US, EU anxiety grows, will overcapacity curb exports of China’s ‘new three’? Tensions between China and the European … Read more

With ‘made-by-China’ under US pressure, Mexican trade probes spark concerns over curbs

by

Mexican tariffs on Chinese steel products indicate a willingness to accommodate US demands, analysts said, with additional trade curbs in the run-up to November’s presidential election set to add to the concerns of Chinese producers and investors. Mexico’s Ministry of Economy imposed a provisional compensatory duty of 31 per cent on Chinese steel nail producers … Read more

China’s ‘two sessions’ 2024: did Premier Li Qiang’s speech move the needle for foreign, private business?

by

Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more

China-Australia relations: Treasury Wine readies to ship Penfolds, Icon bottles once Beijing lifts import tariffs

by

Beijing is conducting a review into the tariffs on Australian wine, and it is widely expected that the levies will be removed next month. If we get back in and re-establish Australian wine, that’s a re-establishment for the next decade and beyondTim Ford Treasury said last year that the company could quickly ramp up exports … Read more

China-India trade tensions may continue in 2024, but Beijing doesn’t want to rock the boat

by

India’s imports of Chinese laser machinery totalled US$174.57 million in 2022, according to the Post’s calculations using data from India’s Ministry of Commerce and Industry. 4 things to ponder as India overtakes China as most populous nation And India had imported US$167.93 million worth of Chinese laser machinery in the first 10 months of 2023, … Read more