China’s US surplus jumps as trade with world picks up

China’s trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China’s global surplus as domestic demand spurred a rally in imports. The figures on… Please follow and like us:

Read More

Foreign trade set to exceed $4t

China’s foreign trade volume is expected to exceed $4 trillion in 2017 if there are no special circumstances based on figures accumulated in the first 11 months, the Ministry of Commerce predicted on Thursday. Gao Feng, the ministry’s spokesman, said China has been resolutely pushing forward supply-side structural reform in foreign trade. The labor, capital and… Please follow and like us:

Read More

US, EU should fulfill WTO vow to fruits of partnership

The European Union should have recognized China as a market economy one year ago because, as one of the members of the World Trade Organization, it had agreed to a “sunset clause” in 2001, when China joined the WTO, that it would stop using the “surrogate country” approach when calculating anti-dumping measures against Chinese imports by… Please follow and like us:

Read More

Commentary: Time for China, Japan to Join ‘Developed’ Nations at WTO

By Robert Romano China ($11.2 trillion) and Japan ($4.9 trillion) combined make up 21 percent of the world’s Gross Domestic Product, according to the World Bank, having benefited from preferential treatment in global trade deals, and are still being treated as “developing” nations under world trade rules. At institutions such as the World Trade Organization (WTO),… Please follow and like us:

Read More

Canadians have mixed feelings about free trade with nation: Report

Canadians see both opportunities and challenges associated with a possible Canada-China Free Trade Agreement (FTA), according to the results of public consultations by the Canadian government. Canadians recognize the significant opportunities for Canadian businesses and consumers offered by the Chinese market, and the importance of China for the future of the global economy, according to a… Please follow and like us:

Read More

‘Trump effect’ jams up APEC free trade consensus

Asia-Pacific ministers struggled Thursday to agree on a joint statement on free trade, a rare tussle over a normally routine document that highlights how Donald Trump’s protectionist “America First” stance is knotting up global trade relations. World leaders are gathering in the Vietnamese city of Danang this week for the annual Asia Pacific Economic Cooperation (APEC)… Please follow and like us:

Read More

Trump administration to impose duties on Argentina’s major export

WASHINGTON — The Trump administration will impose substantial trade penalties on a critical export for Argentina, delivering a significant blow to one of President Donald Trump’s few friends in the hemisphere. According to two people familiar with the plans, the Commerce Department will announce aggressive anti-dumping duties on biodiesel imports as soon as Friday. That would… Please follow and like us:

Read More

Trump touts economic development bill ‘nobody knows about’

WASHINGTON — President Donald Trump said he has an economic development bill, “which nobody knows about,” that would provide incentives to keep companies in the U.S. and “severely” penalize them if they move offshore. “It’s both a carrot and a stick,” Trump said in an interview with Forbes that appeared online Tuesday. “It is an incentive… Please follow and like us:

Read More

Analysis: Analysts pan Boeing strategy in pushing for tariffs on Canada’s smaller jet

SEATTLE — Leading aerospace analysts are being highly critical of Boeing’s push to impose steep tariffs on U.S. sales of Bombardier’s small CSeries passenger jet, saying the case will damage the long-term interests of both Boeing and the U.S. aerospace industry. “The free market and free competition are good for us,” said Adam Pilarski, a senior… Please follow and like us:

Read More

Trump Battling His Own Subordinates over Trade, Loyalty

President Donald Trump is growing frustrated with the “globalists” in his administration, and at one point this month, he ordered his staff to start bringing him tariffs on subsidized imports. Trump was apparently getting tired of excuses when it comes to trade policy, in an incident first reported by Axios on Sunday. Trump told the roomful… Please follow and like us:

Read More

A big business Brexit for a bargain basement Britain

Big business claims that it is being ignored in the Brexit process. But research released today suggests that this is far from true. In fact, while small business, trade unions and public interest groups may be marginalised, large corporations are getting plenty of access to government ministers. They’re determined to make sure that any type of… Please follow and like us:

Read More

US Trade Act won’t impede China’s progress

US President Donald Trump will sign an executive memorandum on Monday authorizing the US trade representative to determine whether to investigate China’s intellectual property and trade practices, which could pave the way for Trump to use Section 301 of the Trade Act of 1974 to impose tariffs on Chinese goods and eventually trigger a trade war.… Please follow and like us:

Read More

China’s Rapid Digitalization

I’m pleased to share with you that our China Region Fund (USCOX) beat its benchmark, the Hang Seng Composite Index (HSCI), by an impressive margin for the one-year, three-year and five-year periods, as of August 1. The fund has closely tracked the HSCI, but since late February of this year, it’s pulled sharply ahead. Get The… Please follow and like us:

Read More

For France, Trump at Bastille Day is Deeply Symbolic

U.S. President Donald Trump is the guest of honor at France’s Bastille Day celebrations, an elaborate display that includes military bands and flyovers by American jet fighters and a massive parade to mark the centennial of the U.S. entry into the First World War. The U.S. and French flags have been flying on Paris’ famed Champs… Please follow and like us:

Read More

Cliffs Industries vs. bears, steel tariffs and D.C. malaise

WASHINGTON, July 11, 2017 – In the dog days of summer, we have to work extra hard to come up with anything worth writing about. After all, our readers don’t click on these links just to read a financial article that starts out by saying, “Nothing to see here, folks, just move along.” Although there’s always… Please follow and like us:

Read More