In 2018 and 2019, his administration imposed tariffs of up to 25 per cent on hundreds of billions of US dollars of Chinese goods. During this year’s campaign he has already issued sterner threats, including duties in excess of 60 per cent on all Chinese imports. “It seems we are already adapting gradually,” Chen said. … Read more
“The two sides agreed to engage on the basis of facts and in full respect of WTO rules,” he added. “The EU side emphasized that any negotiated outcome to its investigation must to effective in addressing the injurious subsidization.” The two sides will “continue to engage at all levels in the coming weeks.” The EU … Read more
“It is important to understand that these are not punitive tariffs,” Habeck said, contrasting the EU measures with those implemented by countries such as the U.S., Brazil and Turkey, according to a Reuters report. Habeck said that for nine months, the European Commission had examined in great detail whether Chinese companies had benefited unfairly from … Read more
“First of all, we need to reduce the price of energy,” minister said Draghi. Industry pays two to three times as much for electricity in Europe as in the U.S., and this is “a major competitive disadvantage,” Draghi said, adding that a fragmented and undeveloped energy market across the EU has made the situation worse. … Read more
With heavy sanctions on Russia impacting the country’s trade with the United States and the EU, China now supplies Russia with the lion’s share of its consumer goods as well as key technologies for the battlefield. The two sides enjoy what Xi has called a “no-limits partnership.” Macron, meanwhile, welcomed Chinese “commitments” to “abstain from selling any weapons” … Read more
Xi has repeatedly called Putin his best friend. He has also repeatedly refused to do anything to stop Russia’s full-scale invasion of Ukraine, and supplied dual-use military technologies, weapon-building components and satellite imagery, warns the U.S., to Russia. In a recent interview with POLITICO, U.S. Ambassador to NATO Julianne Smith highlighted Beijing’s support for Moscow, … Read more
The week-long trip to China by US Treasury Secretary Janet Yellen sidestepped core economic disputes, and without headway, analysts said the pressure of November’s presidential election could force the Biden administration “to be more aggressive” on the trade front. Yellen ended her second trip to China in 10 months on Tuesday, having met Chinese officials … Read more
Washington was pushing to “put China in the text every two sentences,” said one European diplomat who was granted the condition of anonymity to speak candidly. “It kept hammering on the Chinese nail.” To Washington’s satisfaction, the two sides committed to team up with other countries to tackle “China’s non-market policies and practices in the … Read more
Premier Li Qiang, Vice-Premier He Lifeng, Minister of Finance Lan Fo’an, central bank governor Pan Gongsheng and Liu He, China’s former vice-premier who led previous trade negotiations with the US, would also meet with Yellen during trip, the US Treasury statement added. Current affairs: sparks fly between China, US over EVs before Janet Yellen visit … Read more
“It’s been very successful,” said Daniel Mullaney, the former top U.S. negotiator on trade issues with Europe, of the TTC. “We’ve had high-level attention, including at the presidential levels, on all of these issues. That’s kept the momentum going.” The question now is what happens if Trump wins back the White House in November. Even … Read more
