Tag Archives: Trade War

PortandTerminal.com, September 4, 2020 Despite bloody trade wars and a renegotiation of NAFTA with Canada and Mexico, America’s trade deficits remain stubbornly high. WASHINGTON – After narrowing in the early months of the year due to coronavirus shutdowns, the gap between what the United States buys from the rest of the world and what it sells widened to its highest level …

BLOOMBERG, MAY 24, 2020 China drops the word ‘peaceful’ in latest push for Taiwan ‘reunification’ and is not mincing words with America either. Don’t push us. It’s a new ballgame. By Ros Krasny for Bloomberg – The U.S. should give up its “wishful thinking” of changing China, Foreign Minister Wang Yi said, warning that some in America were pushing relations to …

December 3, 2019 by Reuters By Steve Holland and William Schomberg LONDON, Dec 3 (Reuters) – President Donald Trump said a trade agreement with China might have to wait until after the U.S. presidential election in November 2020, denting hopes of a resolution soon to a dispute that has weighed on the world economy. “I have no deadline, no,” Trump told reporters …

October 30, 2019 by Bloomberg BEIJING/WASHINGTON –The trade war and China’s economic shift made 2018 a tough year for global shipping and will continue to reverberate through the industry, according to the United Nations Conference on Trade and Development (UNCTAD). Maritime shipping volumes grew just 2.7% to 11 billion tons last year, UNCTAD said in its annual review of the maritime industry, …

PortandTerminal.com, October 18, 2019 A fresh round of U.S. tariffs on $7.5 billion in European goods takes effect Friday in retaliation for what the World Trade Organization decided were illegal EU subsidies for airplane maker Airbus. WASHINGTON, DC – The US imposed 25% tariffs on $7.5bn on some favorite goods from the European Union (EU) just after midnight in on October 17th. The …

PortandTerminal.com, October 14, 2019 China reportedly has become increasingly wary of any statements from President Trump. They do though want to hold more talks this month to hammer out the details of the “phase one” trade deal though. WASHINGTON – China wants to hold more talks this month to hammer out the details of the “phase one” trade deal touted …

October 11, 2019, by Bloomberg By Jenny Leonard (Bloomberg) — The U.S. and China reached a partial agreement Friday that would broker a truce in the trade war and lay the groundwork for a broader deal that Presidents Donald Trump and Xi Jinping could sign later this year, according to people familiar with the matter. As part of the deal, China would …

PortandTerminal.com, September 11, 2019 If your company’s product is one of the 16 that China has just exempted from tariffs then congratulations. You dodged a bullet. Keep in mind though that it’s all just a token gesture aimed at getting good press (like this article) and signalling to Trump to settle the war before things get even worse for Americans. …

Associated Press, August 27, 2019 PORTLAND, MAINE – U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the …

Reuters, August 25, 2019 WASHINGTON, Aug 23 (Reuters) – President Donald Trump said on Friday the United States would subject Chinese imports to an additional 5% tariff in response to what he called a politically motivated move by China to impose tariffs on $75 billion worth of U.S. exports. “Sadly, past Administrations have allowed China to get so far ahead …