TRADE WAR
Most major economies are shrinking. Not China’s.
Keeping the virus at bay has been critical to China’s economic success over the past year. While the pandemic ravages other nations, Beijing’s aggressive top-down approach kept the virus from spreading rapidly across the country.
China 2020 exports up despite coronavirus pandemic; surplus surges to $535 billion
China's exporters benefited from the relatively early reop...
China’s new rules could hit US firms and send a message to Biden
China’s Ministry of Commerce said that the tightening of rules were intended...
Joe Biden promises economic help is on the way
Speaking just one day after lawmakers finally certified his election victory following the invasion of the US Capitol by supporters of outgoing president Donald Trump, Biden announced he would next week unveil a relief program for the pandemic-ravaged economy.
India’s equalisation levy: Will it ignite a new trade war?
USTR’s report points out that: “India’s Digital services taxes is an outlier. It taxes numerous categories of digital services that are not leviable under other DSTs adopted around the world. This brings more US companies within the scope of the DST, and makes the measure significantly more burdensome.”
Trump signs order banning transactions with 8 Chinese apps including Alipay
The move, first reported by Reuters, is aimed at curbing the threat to Americans posed by Chinese software applications, which have large user bases and access to sensitive data, a senior administration official told Reuters.
Trade war goes down under: China slaps 200% tax on Australian wine
In the latest blow, China's commerce ministry announced wine importers will be forced to pay deposits of as 107-212 percent of the value of their goods at customs, saying the move was in response to "substantive harm caused to the relevant domestic wine industry".
China's 'shadow trade war' threatens Australia
Biting new Chinese trade tariffs have stoked fears that Australia's virus-weakened economy is being targeted for political retribution and the two countries may be sliding into a shadow trade war.
APEC leaders, including Donald Trump, agree on free trade
The leaders cast aside differences to issue their first joint statement on Friday since 2017, in which they agreed to further deepen regional integration by working toward a massive free trade agreement involving the 21 APEC economies.
Donald Trump’s final China scorecard: A story of many defeats, and one big change
Significantly, Trump’s term has had a notable impact on American attitudes toward China. In time, that could prove the dynamic that affects economic ties in ways the current president has struggled to achieve. And it underscores that Washington’s China policy is forever changed, regardless of who wins the November 3 election.
U.S. appeals WTO ruling on its multi-billion tariffs on China
A three-person panel had ruled that Washington had not justified why the tariffs imposed after a Section 301 investigation against China were a justifiable exception to its obligations.
Trump's trade war does little good for US industry
In slapping tariffs on appliances and components imported from China in response to Whirlpool's pleas, the Republican incumbent ultimately hurt American consumers, as prices for washing machines and dryers soared.
Globalisation revised but not reversed by Covid
While global trade volumes have inevitably fallen as the world plunged into recession and travel restrictions and social distancing curtailed the movement of people, the economic ties built up by successive waves of globalisation are proving more resilient than some thought.
Xi Jinping’s tech wonderland runs into headwinds
With his actions, Trump threatened revenue and product development at China’s most innovative companies. The importance of that is magnified by the timing of his actions, which come as China is upgrading its industries, with many sectors still in need of expertise from abroad to complete the development Xi expects.
A backfiring in offing? How the blacklisting of US tech could highlight China’s own weakness
Xi’s agenda to build China into a tech powerhouse makes him more reliant on the very firms likely to appear on any blacklist. In addition, there are also companies Beijing no longer needs — often because their tech has already been pilfered — that have already started reducing reliance on the Chinese market, weakening the real power of any threat.
