Trump Makes It Harder For China To Cut A Deal

As promised, U.S. President Donald Trump has escalated his trade war against China — announcing tariffs of 10 percent on another $200 billion in goods, plus a threat to raise the levy to 25 percent next year. Nearly half of China’s exports to the U.S. now face Trump’s taxes on trade. The president boasts that
Complete Reading

OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces “headwinds,” the head of the organization said. The historic supply deal between Saudi Arabia, Russia and other producers reached in late 2016 needs to become permanent, Mohammad Barkindo, secretary-general of the Organization of Petroleum Exporting Countries, said
Complete Reading

U.S. President Donald Trump said on Thursday that the United States was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new round of talks with more U.S. tariffs looming. He said on Twitter that a Wall Street Journal story on Wednesday about
Complete Reading

Russian shipping firm Sovcomflot has entered into a cooperation deal with the Bank for Development and Foreign Economic Affairs (Vnesheconombank) and VEB Leasing related to shipbuilding projects. Under the trilateral agreement, which was signed on September 12, 2018, the parties would jointly participate in the implementation of shipbuilding projects at Russian shipyards and import substitution projects.
Complete Reading

WASHINGTON: Negotiations for better trade deals between the US and India that meet the needs of both the countries are at the beginning stages, a senior White House official said recently. “I know that a number of administration officials just recently came back from India. They expressed their willingness to negotiate new and better trade
Complete Reading

  The trade war is a new reality with which the shipping industry will just have to live with as it seems. However it can also create opportunities, or not, depending on the shipping segment. In its latest weekly report, the London-based shipbroker Gibson attempts to gauge the effects of the recent NAFTA “good deal”
Complete Reading

While the administration of U.S. President Donald Trump is considering slapping another $200 billion in tariffs on Chinese goods, 16 economies in Asia Pacific are racing to conclude a mega trade deal that would become the largest trading bloc in the world. What’s happening in the U.S. “has actually given us the urgency” to press
Complete Reading

A car can look like a fantastic bargain on the lot, only to reveal itself as a lemon when you drive it away. It’s not so different with trade agreements. Take the deal hammered out Monday between the U.S. and Mexico on automotive imports, which the two countries hope to extend to Canada, the third
Complete Reading

The United States has reached a separate trade agreement with Mexico, the Trump administration said on Monday. The preliminary agreement is valid for 16 years and comes as part of Trump’s promise to renegotiate the North American Free Trade Agreement (NAFTA). “After a year of tough negotiations, the United States and Mexico reached a trade agreement
Complete Reading

President Donald Trump prodded China to offer more at the bargaining table as the two countries prepared for their first major negotiation in more than two months in an effort to head off an all-out trade war. “We’re talking to China, they very much want to talk,” Trump said Thursday at a cabinet meeting at
Complete Reading

Create Account



Log In Your Account