International Trade

China knows better as Trump tariff strategy trsicks US voters — MercoPress

China knows better as Trump tariff strategy trsicks US voters Monday, June 18th 2018 – 08:34 UTC In this trade war, it’s the US who is playing the role of provocateur, while China plays defense. This scenario was the result of a US trade deficit with China. China is a powerful guardian and has enough ammunition to defend existing trade rules and fairness. It stands high in keeping the virtue of free trade It is difficult to reduce the trade…

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ITC rules that Apple violated patent

Washington/San Francisco — The staff of the US International Trade Commission (ITC) on Friday recommended that a trade judge find that Apple infringed at least one of Qualcomm’s patents, a move that could lead to blocking the import of some iPhones. The San Diego chip maker filed a complaint against Apple nearly a year ago, asking the commission to ban the import of iPhones containing rival chip maker Intel’s so-called modem chips, which help mobile phones connect to wireless data…

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As tariffs intensify, Cargill emerges as leading pro-trade voice

WASHINGTON – Devry Boughner Vorwerk’s speech to global development experts in the nation’s capital last week was a call to action. Global trade, said Cargill’s chief of global corporate affairs, can be a development tool that promotes the environment, education and equality. But only if people and organizations become activists willing to work with one another. “Without our leaders sitting around the table together,” Vorwerk warned, “isolationism becomes the order of the day.” Cargill, the Minnesota-based agricultural and shipping giant…

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Opinion | Thinking About a Trade War (Very Wonkish)

The problematic word, of course, is “perceived”. On trade, as on other subjects, Trump’s perceptions generally don’t seem very tethered to reality. And to be fair, the economic policy performance of other major players, notably the EU, hasn’t been noteworthy for the triumph of clear economic thinking. Still, there have been a number of attempts to model trade war over the years, relying on one of two approaches. The first is to imagine that governments actually do maximize national income,…

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Shanghai is a MICE benchmark for the world

Q1: How would you assess the MICE market where your property is located? What about the performance of your property? Christian Humbert: China is the world’s second largest economy and it is continuing to grow. And going into 2018 the MICE industry in China had an estimated value of US$150 billion, according to Smart Meetings. These figures explain why major international hotel chains in China, despite the country’s economic slowdown, are ramping up expansion plans to cater for the growth.…

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Apple vs. Qualcomm: Everything you need to know – Western Mass News

By Christian de Looper Content Provided by   Apple and Qualcomm are engaged in what will likely bea long and epic battle. Following news that Qualcomm had been charging heightened royalties for use of its tech, as well as reports indicating Qualcomm required Apple to pay a percentage of the iPhone’s revenue in return for the use of Qualcomm patents, Apple has sued the company in threecountries. In the United States, Apple is suing Qualcomm for a hefty $1 billion…

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Trump is weakening America and empowering its foes

China strongly advocates what Xi Jinping coined in 2013 “a new type of international relations” with one of its key elements being “developing international relations with partnerships rather than alliances.” The Chinese leader champions such an approach probably mainly because of his awareness that, while his rising country is vying for global pre-eminence, it has only one defense treaty ally – North Korea, its troublesome communist neighbor. Must-reads from across Asia – directly to your inbox Vladimir Putin’s Russia, which,…

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Beijing News.Net – Businesses across US China brace for huge tariff impact

BEIJING, China – After first making threats in March this year, to impose heavy tariffs, the U.S. President Donald Trump announced that the country would impose tariffs of 25 percent on $50 billion worth of Chinese goods. Accusing Beijing of intellectual copyright theft, U.S. imposed tariffs that will affect over 800 Chinese products worth $34 billion in annual trade. Further, the White House said that tariffs on the other $16 billion of Chinese products would be applied after a consultation…

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US-China trade war may ripple through Korea

The Korean economy is likely to be hit hard as its two biggest trading partners are on the brink of a trade war following threats to slap each other with hefty tariffs over the weekend.  (Yonhap) On Friday, the Trump administration announced it would impose 25 percent tariffs on the Chinese goods worth $50 billion in an effort to protect the US intellectual property and technology. A day later, China responded to the US by announcing 25 percent tariffs on…

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India has trade deficit with 10 RCEP members

India had trade deficit with as many as 10 member countries, including China, South Korea and Australia, of the RCEP grouping of 16 nations which have been negotiating a mega trade pact since November 2012.  ( Source: PTI) India had trade deficit with as many as 10 member countries, including China, South Korea and Australia, of the RCEP grouping of 16 nations which have been negotiating a mega trade pact since November 2012. The Regional Comprehensive Economic Partnership (RCEP) block…

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Escalating trade dispute sinks shares

Italy : Europe: Escalating trade dispute sinks shares Jun 16, 2018 (Euclid Infotech Ltd via COMTEX) — European shares sank on Friday as a tariff dispute between the United States and China escalated, triggering a sharp selloff in trade-sensitive commodities stocks. Thursday’s European Central Bank meeting had led investors to push back expectations for an interest rate increase, spurring a rally across European stocks. But on Friday US President Donald Trump announced tariffs on US$50 billion worth of Chinese imports…

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ZIM SIGNS AGREEMENT WITH UAE newsdzeZimbabweNewsdzeZimbabwe

The government of Zimbabwe and the United Arab Emirates (UAE) have signed a Bilateral Investment Promotion and Protection Agreement (BIPPA) that is expected to boost cooperation on key strategic areas of mutual interest as well as trade facilitation. The agreements were signed in the presence of President Emmerson Mnangagwa at State House this afternoon. Minister of State for Foreign Affairs and International Cooperation in the UAE, Honourable Reem Ebrahim Al Hashimi who was leading a high powered delegation from the…

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Wong Soon Koh among global leaders at 5th China-South Asia Expo – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News

Wong (left) takes interest in checking out the mini electric iron showcased at a booth in the expo. KUCHING: Various leaders from across the globe are attending the 5th China-South Asia Expo that is taking place in Kunming, Yunnan province. Sarawak Minister of International Trade and E-Commerce and Second Finance Minister Dato Sri Wong Soon Koh, who represented Chief Minister Datuk Patinggi Abang Johari Tun Openg at the expo, is the only representative from Malaysia. Wong delivered a talk at…

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China state media condemn United States tariffs

SHANGHAI: China responded forcefully in state media on Saturday after the administration of US President Donald Trump said it would impose tariffs on $50 billion of Chinese imports, but some commentary left room for further negotiations. Late on Friday, China said it would impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion, in response to the US imposition of tariffs. “The wise man builds bridges, the fool builds walls,” the official Xinhua news agency…

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Kansas farmers fear Trump-China trade battle

Tariffs on crops would put some Kansas farmers out of business, one producer warned Friday after China threatened retaliation against President Donald Trump’s trade policy. Prices on commodities already are low. Farmers are operating on razor-thin margins, said Glenn Brunkow, who farms corn, soybeans and other crops near Wamego. And Kansas farmers are expected to harvest substantially less wheat this year than in the past. Add a trade war and the future is bleak. “There’s a lot of producers out…

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Grain & Maritime Days in Odessa 2018. Connecting Industries. Grains, sea, emotions | Topic

Topic 14:43 Source: APK-Inform Views: 9 In late May 2018, the sea capital of Ukraine — Odessa — once again became the focus of attention of representatives of the grain and marine industries. On May 24-26, the largest international conference Grain & Maritime Days in Odessa took place there for the 17th time. Its slogan definitely proves itself — Connecting Industries. More than 500 professionals of the industries of international grain trade, transportation, shipping and other related market segments, which…

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