Tariffs Continue to Harm U.S. Equipment Manufacturers

A report issued by the Association of Equipment Manufacturers (AEM) warned that rising prices for steel, aluminum and other products needed to produce agricultural and construction equipment could hit consumers, workers and growth in...

US and China Close to Limited Trade Deal

The United States and China are reportedly close to a final trade deal, as leaders of both countries desire to avoid further face-to-face rivalry and expected slowdown in their economies. The deal is likely to...

US Consumers are the Biggest Victim of Trump’s China Tariffs

From clothing to toys to electronics, Americans buy a half-trillion dollars’ worth of goods from China every year. After all, the United States is the second largest trading partner of China. Chinese-made products have...

China Offers to Increase US Goods Purchases to $70 Billion

To avoid trade war, China and the United States continue to negotiate a deal. China has proposed to increase the purchase of U.S. commodities, among others, Chinese people are more willing to buy crude...

ZTE’s Collapse Reveals China’s Over-Reliance on U.S. Technologies

The US-China trade war escalated again with US announced the punitive sanction on ZTE, one of the Chinese high-tech giants, which had illegally shipped telecom equipment to Iran. On April 16th, US has officially...

China and EU to Stand Together in Meeting Challenges

Waves of media headlines concerning tariff war between China flood almost every corner of the world. The US president Donald Trump seems to be hellbent on reviving protectionism and has successively declared tariffs or...

US-Mexico Trade Deal Reached for Overhauling The NAFTA

US President Donald Trump announced on Monday August 27 that, the United Stated and Mexico have reached a trade agreement. At an event held in the Oval Office, which Mexican President Enrique Peña Nieto...

China Doesn’t Import U.S. Soybeans, Argentina Becomes a New Big Buyer

In the past few months, Argentina has reduced soybean production due to drought and has switched from a soybean exporting country to an importing country. Argentina and one soybean exporting country, Brazil, are close...

Russia Competes With EU, U.S. For New Wheat Export Markets

Russia, already the world’s largest wheat exporter, set its mind to step further into some new markets dominated by the European Union and United States in efforts to squeeze into places what have usually...

In the Trade War,China Seeks to Sell More Steel to Africa and South America

Since the US steel tariffs came into effect officially in June,  Chinese steel producers have seen double-digit fall in shipments to their biggest overseas importers in Southeast Asia, so they are now seeking new...

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EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...