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The US-China trade war began in July 2018, although relations have not significantly improved under the administration of US President Joe Biden. Source link
Read More »‘Challenging times’ for Boeing, but 737 MAX key to restoring China confidence
Boeing has long found itself entangled in the long running trade tensions between Beijing and Washington, but restoring confidence in its key Chinese market is still dependent on the return of the grounded 737 MAX, analysts said.China Eastern Airlines flight MU5735, which crashed in the Guangxi autonomous region on Monday, …
Read More »Was the US-China phase-one trade deal a ‘historic failure’, and what’s next?
When did the US-China trade war start?During his 2016 presidential campaign, Donald Trump promised to reduce the trade deficit with China.The United States and China are the two largest economies in the world and bilateral trade between them totalled almost US$559 billion in 2019. However, that trade has been lopsided, …
Read More »US uses ‘industrial subsidies’ to its advantage, China’s Lou Jiwei alleges
China and the United States must come to terms on how to define “market distortion” and “industrial subsidies”, because the US also appears to have adopted such practices, according to outspoken former Chinese finance minister Lou Jiwei.The subsidy issue recently took centre stage in the ongoing series of disputes between …
Read More »‘Negotiate, don’t threaten’: US urged don’t point the finger, cut China tariffs
China has called on the United States to remove existing tariffs and stop threatening new levies in response to Beijing missing the targets under the phase-one trade deal.US Secretary of Commerce Gina Raimondo and the US Chamber of Commerce moved quickly to ratchet up the pressure on Beijing after a …
Read More »China’s ‘best efforts’ defended in trade with ‘insincere’ US
China put forth its “best efforts” to meet commitments it made in the phase-one trade deal with the United States over the past two years, despite falling well short of targets, according to Chinese experts who are now calling for substantive negotiations to expand trade and resolve Trump-era tariffs.Beijing bought …
Read More »‘Clear’ China hasn’t met trade deal, but ‘unflinchingly honest’ talks ongoing
China has failed to meet its commitments under a two-year phase-one trade deal that expired at the end of 2021, and discussions are continuing with Beijing on the matter, deputy US Trade Representative (USTR) Sarah Bianchi said on Tuesday.“You know, it is really clear that the Chinese haven’t met their …
Read More »US-China reach trade talk ‘stalemate’ despite expiry of phase-one deal
China and the United States have reached a “stalemate” in the process to resume trade talks despite the expiry of their phase-one trade deal last week, with no clear indication from either Beijing or Washington of when the silence will be broken.A long-awaited new round of talks between China’s chief …
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