Tag Archives: Trade

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 & Belarus ditching dollar trade in favor of national currencies

The Belarusian Prime Minister, Andrey Kobyakov, has called for a complete shift away from the US dollar towards national currencies in Russia-Belarus trade and price-setting. “That would be great if the entire trade turnover, as well as price-formation were set in national currencies,” Kobyakov said during the session of the Council of Ministers of the Union State of Russia and ...

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Trump warns Trudeau: Trade row 'will cost Canada a lot of money’

US President Donald Trump has said that Canadian Prime Minister Justin Trudeau’s criticism of his trade negotiation tactics following the G7 summit is “probably going to cost the people of Canada a lot of money.” Speaking during a press conference following his meeting with North Korean leader Kim Jong-un in Singapore, Trump suggested Trudeau’s remarks during the G7, in which ...

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‘There’s a special place in hell’ for Trudeau for backstabbing Trump, White House trade adviser says

It’s open season on Justin Trudeau in the Trump administration, with the White House trade council chief launching an attack on the Canadian PM, saying there is a “special place in hell” for anyone who double-crosses his boss. Director of the White House National Trade Council Peter Navarro preached against the Canadian Prime Minister during an interview with Fox News ...

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Trump’s trade tariffs pushing Europe closer to China & Russia

US President Donald Trump’s introduction of tariffs on steel and aluminum imports from Canada, Mexico and the EU will force them to build new trade ties, professor at Aalto University and CUHK, Carl F. Fey, told RT. “US actions will surely push the EU to strengthen trade relationships with other countries such as China. Russia, being a near neighbor could ...

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Cutting out the US dollar: Russia & China boost national currencies trade

Moscow and Beijing have agreed to raise the share of ruble-yuan trade settlements, in a joint agreement signed by Russian President Vladimir Putin and Chinese leader Xi Jinping on Friday. The document envisages “further strengthening of the Russian-Chinese cooperation in the financial sector, promoting increase of the share of national currencies in trade payments, investments and financing, expanding collaboration in such ...

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Trump takes to Twitter talking tougher trade tariffs on G7 allies

US President Donald Trump has hinted at further tariffs on imports from fellow G7 countries if the “unfair trade deals are not straightened out.” “Looking forward to straightening out unfair Trade Deals with the G-7 countries. If it doesn’t happen, we come out even better!” Trump tweeted on Friday. In a post before that, Trump accused Canada of slapping US ...

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Russia-China trade to reach record $100bn by year-end as ties grow in all sectors – Putin

Trade between Moscow and Beijing has grown 31 percent this year and is projected to reach the $ 100 billion target, said Russian President Vladimir Putin during a meeting with China’s President Xi Jinping in Beijing. Read more Energy is the key sector of cooperation between the two countries, according to Putin. “Russia remains the largest supplier of fuel to ...

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China’s New Silk Road to significantly boost global trade

China’s ambitious multi-trillion-dollar One Belt One Road Initiative could increase global trade by as much as 12 percent, cutting trading costs by half for the countries involved, senior economist with ING Joanna Konings said. “Trade between Asia and Europe, not including trade between EU countries, accounts for 28 percent of world trade, so making those trade flows easier has a ...

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