Tag: trade war

  • China sparked an economic miracle-now there’s a fight over its legacy

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    Hong Kong – When Victor Gao was growing up in rural China in 1970s, cars and trucks were so rare he would chase them with the other children through the dirt roads, overjoyed by the strange sight. Today, China is the world’s largest automobile manufacturer, with more than double the capacity of the United States. “I […]

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  • China’s exports weaken amid US tariff battle, cooling demand

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    BEIJING — China’s exports decelerated in November amid a tariff battle with Washington and cooling global demand. Customs data on Saturday showed shipments to the United States rose by a relatively robust 12.9 per cent over a year ago to $46.2 billion, down from October’s 13.3 per cent. Overall, China’s global exports rose 5.4 per […]

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  • US-China trade war: Deal agreed to suspend new trade tariffs

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    US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $200bn (£157bn) of Chinese goods from 10% to 25% on 1 January. […]

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  • Trade War Update: China Subverts Tariffs, Trade Gap Gets Wider

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    Chinese exporters (and likey their American counterparts) have figured out a way for some items to skirt tariffs. U.S. Customs and Border Protection determined last week that Chinese hardwood plywood is circumventing lumber tariffs by using Vietnam , Panjiva Research pointed out on Monday. The end-around is expected to have begun when duties were applied to certain types […]

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  • The American Casualties of Trump’s Trade War

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    Sam Cobb was surprised to see so many people lined up for a hearing at the International Trade Commission in Washington on the morning of Monday, Aug. 20. The chief executive of Real Wood Floors, Cobb was a veteran of such proceedings, which were usually sleepy affairs, populated by white-shoe attorneys fighting over arcane legal […]

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  • China-US trade: China vows speedy action on trade commitments

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    Chinese officials have said they are “confident in implementing” trade commitments made to the US “as soon as possible”, without giving details. An ongoing trade war has seen both countries impose duties of billions of dollars on one another’s goods. Over the weekend, a temporary truce was agreed between US President Donald Trump and Chinese President […]

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  • Trump’s China car tariffs claim sows confusion

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    A proposed cut by China to tariffs on US car imports created confusion in Washington, a day after it was announced by US President Donald Trump. Beijing has not yet confirmed the move and President Trump’s advisers appeared less certain about the agreement. Uncertainty also surrounded the details of the broader trade war truce struck […]

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  • The pain of Trump’s tariffs is coming home to American shoppers

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    Donald Trump’s trade war with China looks like it’s finally going to hit American shoppers. The office of the US trade representative announced that the US president had directed it to start the process of putting a new 10% tariff on $200 billion worth of Chinese imports. They include (pdf) a long list of consumer goods, such as clothes, […]

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  • Apec summit ends without statement over US-China division

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    An Asian economic summit has ended without a formal leaders’ statement for the first time because of US-China divisions over trade. Papua New Guinea’s Prime Minister Peter O’Neill said “the two big giants in the room” had been unable to agree. He said a chairman’s statement for the Asia-Pacific Economic Cooperation (Apec) summit would be […]

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  • ‘Business as usual’ KBL counter measures with a solution to the US-China Trade War.

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    On January 1st, 2019 America will impose a 25% import duty on all Chinese products, which will eventually rise to between from 25 – 40%, dramatically affecting US companies dependent on sourcing products and material from the Republic of China. KBL,a global contract manufacturer and fulfillment corporation headquartered out of Los Angeles, California, will continue […]

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