President Trump Denies Reaching Deal with China on ZTE

President Donald Trump declared on May 22 that he is not satisfied with the recent trade negotiations with China, and said his administration has not yet reached a deal with Beijing to save ZTE. Also...

Trade and Consumption to Be Boosted by Further Tariff Cuts

Chinese government’s decision on import tariff cuts taking effect next month is estimated to cut the country’s overall tariff from 9.8 percent to 7.5 percent, which, along with other policies will reduce tariffs by...

Tariff War Makes EU Turn to Canada for Corn Demand

An increasing volume of Canada-produced corn is seen shipped to Europe, recording the country’s biggest growth of corn exports in recent four years, according to report. Traders believed that this is largely helped by...

EU Unveils Digital Tax Plan Targeting US Tech Giants

The European Union unveiled a plan designed to modify tax rules for Internet companies, most of which are based in the United States. According to current rules, digital companies only pay tax in countries where...

G7 Summit: Trump Clashed with His Allies on Trade

President Donald Trump arrived in Quebec, Canada on June 8 for a summit with the G7 and clashed with his allies on trade. This is likely to be an incredibly tense meeting that highlighted...

Most U.S. Companies in China See More Gains Despite Trade Disputes

A large proportion of U.S. companies holding investment in China said they have seen continuous revenue growth in China and urge both governments to create a more sustainable economic relationship, according to a survey...

U.S.-China Trade War Triggers a Shift in Seafood Supply Chain

A series of retaliatory tariffs between Beijing and Washington has led to global trade changes, incubating many new winners and losers in the sale of commodities such as soybean, pork and seafood. Also Read: Trump’s...

The Trade War May Bring Down the Ocean Freight Rates

Freight rates of sea transportation have been climbing, and are forecast to see further escalation unless an overall trade war erupts between the United States and China, said a Montreal freight broker. Average Panamax vessel...

Trade Deal Creates a Good Environment for U.S. Soybean Sales

Agricultural experts say that if a new trade agreement is signed soon, U.S. soybean sales to China may rebound rapidly. Wallace Tyner, a professor of agricultural economics at Purdue University, said that China bought soybeans...

Trump: Trudeau’s Comments Will Cost Canada “a Lot of Money”

U.S. President Donald Trump is still angry about Canadian Prime Minister Justin Trudeau’s speech after the G-7 meeting. He thought he had been snubbed and explained the situation Tuesday when asked about the G-7...

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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...