Tag Archives: China

Escalating trade war between US & China sends shock waves through markets

Global stocks crashed on Tuesday after US President Donald Trump threatened another 10-percent tariff on $ 200 billion of Chinese imports in response to Beijing’s retaliation for the previous package of levies imposed by the US. China vowed to protect its interests, countering any US tariffs imposed on its goods with a mirror response. “This practice of extreme pressure and ...

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China can substitute US oil with Iranian crude to ‘infuriate Trump’ – analyst

Beijing’s retaliatory measures against US tariffs can include penalties on oil coming to China from America. A cut in Chinese purchases of US oil may benefit Iran’s sales. Read more “The Chinese may just replace some of the American oil with Iranian crude,” said John Driscoll, director of consultancy JTD Energy Services, as quoted by Reuters. “China isn’t intimidated by ...

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India, China look to form ‘Oil Buyers Club’

India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries. They will be looking to import more US crude oil in order to reduce OPEC’s sway, both over the global oil market and over prices, India’s Petroleum Ministry said on Wednesday. Read more “With oil producers’ cartel OPEC playing ...

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China strikes back: Beijing sets 25% tariff on $50 bln worth US products

Responding to US President Donald Trump’s decision to impose tariffs on $ 50 billion worth of Chinese imports, Beijing has adopted a 25 percent tariff on 659 American products worth the same amount. US agricultural products, fish and automobiles worth some $ 34 billion worth of US goods will kick in on July 6, with another $ 16 billion worth ...

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United States has just launched a trade war – China

The world’s two biggest economies are now officially in a trade war after the US imposed a 25-percent tariff on $ 50 billion worth of Chinese goods, the China’s commerce ministry said on Friday. Read more In response, China said it planned to impose tariff measures of similar size and intensity. Beijing has published its own list that targets $ ...

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Trump slaps China with $50 billion in trade tariffs on imports

The White House has announced a 25-percent tariff on $ 50 billion worth of Chinese goods in what it calls a clampdown on unfair trade practices by Beijing. The US trade representative’s office said it issued a revised China tariff list covering 1,102 separate product categories. The first package of revised tariffs will apply to $ 34 billion of Chinese imports, ...

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Russia & China agree to joint gold mining project in Siberia

The Russian government has approved a cooperation agreement with China on developing the Klyuchevskoye gold ore deposit in the Trans-Baikal region. The decree was signed by Prime Minister Dmitry Medvedev, and the project is expected to be operational in two years. The planned volume of ore extraction is over 12 million tons per year. Development of the Klyuchevskoye gold deposit ...

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China plans to create a $78bn natural gas giant

Together with its massive push to have more and more residential and industrial customers switch from coal to gas, China is aiming to overhaul the ownership of its huge gas pipeline network. That would allow third-party access to the gas pipelines and would help Beijing in its efforts to cut pollution by using more natural gas instead of coal. For ...

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