The Best Way Trump Can Squeeze China on Trade

Beyond the name change, President Donald Trump’s new U.S.-Mexico-Canada Agreement isn’t that different from the North American Free Trade Agreement that it replaced. But hidden in the bowels of the new trade deal is a clause, Article 32.10, that could have a far-reaching impact. The new agreement requires member states to get approval from the
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Chinese coking coal futures climbed to their strongest in more than a year on Wednesday as Beijing’s flexible approach to industrial production curbs fueled demand with supply restrictions also supporting the steelmaking raw material. The rally in coking coal spread to iron ore, which rose to a seven-month peak, and coke which jumped nearly 2
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At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace since the global financial crisis. Domestic demand has been faltering in recent months as U.S. President
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The slowdown in Australian thermal coal trade to China is resulting in shipments of off-specification coal traveling longer distances to Europe and even Africa, according to an analysis of shipping data from cFlow, Platts trade flow software. “What is happening in China is having an impact further west,” a market source said. “There is some
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China’s aluminum exports fell slightly in September from the previous month as a narrowing price arbitrage to international markets reduced the incentive to ship metal overseas, while steel shipments edged higher. China’s unwrought aluminum and aluminum product exports were 507,000 tonnes last month, the General Administration of Customs said on Friday, up 37 percent from
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A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections this fall, tariff costs tripled
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On 24 September, China released a second list of goods which will attract a 10% tariff on imports from the US. Interestingly, LNG did not feature in the first list, but it was included in the second. China also indicated that it may eventually impose a 25% tariff on the US LNG imports. In this
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China’s coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply. Total arrivals last month fell 12 percent from August to the lowest since May at 25.14 million tonnes, data from the General Administration of Customs showed.
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China’s daily crude oil imports in September hit their highest level since May, customs data showed on Friday, as independent refiners looked to shore up their inventory ahead of winter. Shipments into the country last month stood at 37.12 million tonnes, or 9.05 million barrels per day (bpd), up from 9.04 million bpd in August
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China’s vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington. Analysts said last month’s strong export growth – which might indicate U.S. tariffs are not biting much yet – is unlikely to be sustained. But
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