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...

Canada Drops Hope for Quick Exemption from U.S. Metals Tariffs

Canada is less hopeful about an expectation that the Trump Administration will quickly remove tariffs that it imposed on exports of steel and aluminum products and is opposing a U.S. push to agree to...

Weak Demand and Trade Tensions Are Pressuring Global Car Sales

The global car sales have grown steadily since 2010, with an average annual growth of over 5%. According to forecasting company LMC Automotive, the global car sales is expected to reach 97 million vehicles...

Canada’s Soybean Farmers Have a Chance in China-US Trade War

The US-China trade war has been escalated this week by new tariffs slapped on each other, with Trump administration announcing hefty tariffs on $200bn in Chinese goods on September 17, and Beijing quickly responding...

U.S. New LNG Terminals Dimmed In Trade War

China will impose a 10 percent tariff on imports of liquefied natural gas (LNG) from the United States, extending a trade dispute into energy sector and casting a shadow over the building of U.S....

Trade War Cannot Bring Back U.S. Firms to the U.S.

As the Trump administration imposes tariffs on US$50 billion in Chinese exports to the United States, Ford, the 114-year-old American car maker, was recently forced to cancel a program to sell a Chinese-made small...

China-US Trade War Escalated by New Tariffs

Trump administration made an announcement on Monday September 17 that it will levy tariffs on $200bn in Chinese goods starting next week at 10 percent, and that will rise to 25 percent on 1...

Trump’s Tariff Policy May Hit the Auto-parts Manufacturers

With the deterioration of U.S.-China trade relations, small suppliers such as auto-parts manufacturers and their American customers are in trouble. Auto-parts manufacturers are already struggling to cope with the soaring costs of steel and...

China’s Aluminum Exports Soar as Rusal Sanctions from the U.S.

United Co. Rusal sanctions from the U.S. have disrupted the pace of supply in the global aluminum market. As buyers sought alternative suppliers from other producers, the amount of aluminum exported from China to...

US LNG Exports to China Drops

China imported from the U.S. more than 1.88 million metric tons of LNG over the period of January to July of 2018, compared with 1.61 million tons over the same period of 2017, according...

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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...