The United States has more to lose from a full-blown trade war with the EU than it does with its current conflict with China, experts have told CNBC. President Donald Trump has kept up his tough rhetoric against the European Union despite focusing on Chinese tariffs in recent months. But his administration is due to […] Read more
Secretary of State Mike Pompeo told a group of business executives and free-trade economists that he believes the trade war with China could come to an end by the 2020 presidential election, according to people who attended the gathering. At a private lunch in New York on Tuesday, Pompeo spoke in front of a crowd […] Read more
US President Donald Trump has said he has approved the proposed deal to sell 66 Lockheed Martin F-16V fighter jets to Taiwan – a move set to significantly boost the self-ruled island’s defences against mainland China. Taiwan’s defence ministry welcomed Trump’s announcement, saying that it would help to maintain security in the Taiwan Strait and […] Read more
Regional Comprehensive Economic Partnership (RCEP) involves the 10 Asean nations as well as China, Japan, South Korea, Australia, New Zealand and India Talks are ongoing in Zhengzhou, and will continue into next week when Chinese and American trade negotiators will resume their talks in Shanghai The Online Publishers “TOP” offers high quality translation and substance […] Read more
China suddenly added a new member to its negotiating team — the country’s commerce minister, Zhong Shan, who is seen as a hard-liner by many officials in Washington. “The U.S. side has provoked economic and trade frictions against us and violated the principles of the WTO. It is typical of unilateralism and protectionism. … We […] Read more
China could learn a lesson for its possible digital currency issuance from the Hong Kong monetary system that allows “commercial entities” to issue banknotes backed by their own private currency assets, former central bank governor Zhou Xiaochuan said. Zhou, who served as the governor of the People’s Bank of China (PBOC) for over 15 years […] Read more
Greece’s incoming Prime Minister Kyriakos Mitsotakis will have to decide whether to continue opening up the country to Chinese investment following his election victory on Sunday. Although the previous government led by Syriza signed up for the Belt and Road Initiative in 2018, earlier this year the leader of the centre-right New Democracy party told […] Read more
China insists US must remove all trade war tariffs as part of deal, says commerce ministry spokesman
China has insisted that all tariffs on Chinese imports added by the United States during the trade war must be scrapped immediately as part of any deal to end the year-long conflict, which would require the Trump administration to give up its position that some levies remain in place even after an agreement is reached. […] Read more
The meeting between Chinese and American leaders in Osaka may have pressed the pause button on their escalating trade war, but pundits on both sides remain doubtful about how long a ceasefire can avert a looming showdown between the two economic superpowers. In a make-or-break meeting on Saturday that stole the limelight at the Group […] Read more
Stocks in Asia Pacific dipped on Friday as investors watched for developments from the G-20 summit in Osaka, Japan, where U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet amid the ongoing trade standoff. In Japan, the Nikkei 225 slipped 0.29% to close at 21,275.92, with shares of index heavyweight and […] Read more
