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Originally shared by Rick Li - 2 comments
Negotiations are in the 'final stages' as the two sides plan a summit for the end of March at Mar-a-Lago, President Donald #Trump's Florida resort. If a deal is reached, the U.S. could roll back tariffs on at least $200bn in Chinese goods while #China could remove or cut industry-specific levies like those on autos. China's National People's Congress is also expected to pass a new foreign investment law that would change equity ownership rules, and potentially have language about state-owned enterprise subsidies and forced tech transfers.

However, the U.S. wants the ability to re-implement tariffs on Chinese goods if talks fail on enforcement mechanisms on intellectual property theft and related matters. The sources said this is not sitting well with the Chinese.


#GlobalEconomy #Protectionism #America #Globalisation #GlobalTrade #TradeWars #EconomicRisk #Economy #TradePolicy #InternationalTrade #TradeTariffs #Politics #Geopolitics #InternationalRelations #USA #GlobalTradeWar #EconomicColdWar #TrumpAdministration #XiJinping
US and China in 'final stages' of trade deal talks that could end this month, sources say
https://www.cnbc.com/2019/03/04/us-china-in-final-stages-of-trade-talks-that-could-end-this-month.html
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Originally shared by Rick Li - 1 comment
#WhiteHouse economic advisers are talking about an 'historic' deal that would see #China agreeing to increase its purchases of US products by US$1.2tn over 6 years, dropping the tariffs on #US imports it imposed in response to Donald #Trump’s own #tariffs on US$250bn of China’s exports to the US, removing restrictions on foreign ownership of auto joint ventures and ending forced technology transfers.

One sticking point might be the enforcement mechanisms. The US wants to retain the right to reimpose tariffs for breaches of the agreement but wants China to agree that it won’t respond with its own tariffs on US goods if the US exercises that right. Another problematic issue might be a US demand that China reduce subsidies to state-owned enterprises. The trade stoush has damaged both economies, even though Trump still believes his tariffs are pouring revenue into the US Treasury’s coffers.


#GlobalEconomy #Protectionism #America #Globalisation #GlobalTrade #TradeWars #EconomicRisk #Economy #TradePolicy #InternationalTrade #TradeTariffs #Politics #Geopolitics #InternationalRelations #USA #GlobalTradeWar #EconomicColdWar #TrumpAdministration
Trump's 'historic' China deal could be a bit of a horror for us
https://www.smh.com.au/business/the-economy/trump-s-historic-china-deal-could-be-a-bit-of-a-horror-for-us-20190304-p511ld.html
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Originally shared by Rick Li - 27 comments
#US President Donald #Trump and Chinese President #XiJinping could reach a formal trade deal at a summit around March 27 given progress in talks between the two countries, according to the WSJ. #China would lower tariffs on U.S.-made goods including agricultural products, chemicals and cars in exchange for sanctions relief from Washington. As a part of the deal there would be a $18bn purchase of natural-gas from Houston-based #CheniereEnergy Inc. The United States is working to hammer out a detailed trade agreement with China that will include specific structural commitments, according to U.S. Treasury Secretary #StevenMnuchin.


#GlobalEconomy #Protectionism #America #Globalisation #GlobalTrade #TradeWars #EconomicRisk #Economy #TradePolicy #InternationalTrade #TradeTariffs #Politics #Geopolitics #InternationalRelations #USA #GlobalTradeWar #EconomicColdWar
U.S. and China could reach #tradedeal at summit around March 27: WSJ
https://www.reuters.com/article/us-usa-china-trade/u-s-and-china-could-reach-trade-deal-at-summit-around-march-27-wsj-idUSKCN1QK0SW
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Originally shared by Rick Li - 39 comments
Donald #Trump’s threat to slap high import #tariffs on Europe-made cars are bad news not only for #Germany but also for #Finland, according to YLE. Trump and Washington are believed to be considering raising the tariffs on cars imported from #Europe from 2.5% to 25%. The tariff hike could prove fateful for the assembly plant of #ValmetAutomotive, a contract manufacturer for Germany’s #Daimler AG, in Uusikaupunki, South-west Finland. Most of the #MercedesBenz cars manufactured at the plant are exported first to Germany and then to the #UnitedStates.


#WorldEconomy #Protectionism #America #Globalisation #GlobalTrade #TradeWars #EconomicRisk #Economy #TradePolicy #InternationalTrade #TradeTariffs #Politics #Geopolitics #InternationalRelations #USA #GlobalTradeWar #EconomicColdWar #TrumpAdministration #EuropeanCars #Automotive #AutoIndustry #Carmakers
Trump’s tariff hike on Europe-made cars would be a blow to Finland
http://www.helsinkitimes.fi/business/16220-trump-s-tariff-hike-on-europe-made-cars-would-be-a-blow-to-finland.html
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EXIMAPS analyses buying behavior for each buyer from a variety of perspectives - product basket, pricing, monthly purchase pattern, sourcing markets, buyer-seller relationships (Nexus), etc. Just the tool you need for informed decision making. SMS YES to 56161 or click here

https://www.thedollarbusiness.com/personalised-demo for a personalised demo.

#ImportExportAnalytics #GlobalTrade #ExportImport #ExportData #BigData #EximData #ImportData #ExportConsultant #ExportShipment #ImportShipment #TradeAnalytics #HsCode #ImporterExporterCode #IndiaImportExport #TradePolicy #ForeignTradePolicy #ForeignTrade
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Originally shared by Rick Li
#US President Donald #Trump issued a renewed threat to Brussels that the #EU has to 'play ball' in trade talks or 'we're going to tariff the hell out of you.' Trump also accused the EU of charging 'big tariffs' on #Americancars, 'whereas we charge them almost nothing when they send their cars to us.'

The EU's tariff on cars is 10%, while the U.S. tariff is at 2.5%. Brussels wants to negotiate lowering auto #tariffs with Washington as part of a planned #tradedeal, but it has been the U.S. side that has so far rejected talks on this issue. Washington is, however, pushing the EU to include #agriculture in talks, which Brussels refuses. Trump has until mid-May to decide whether to impose tariffs, potentially set at 25%, on auto imports in the name of national security, which the EU fears will be used as leverage in negotiations.


#GlobalEconomy #Protectionism #America #Globalisation #GlobalTrade #TradeWars #EconomicRisk #Economy #TradePolicy #InternationalTrade #TradeTariffs #Politics #Geopolitics #InternationalRelations #USA #GlobalTradeWar #EconomicColdWar #EuropeanUnion #UnitedStates #cars #CarManufacturers #EuropeanCars #Automotive #AutoIndustry
Trump to EU: Play ball or ‘we’re going to tariff the hell out of you’
https://www.politico.eu/article/donald-trump-trade-to-europe-play-ball-or-were-going-to-tariff-the-hell-out-of-you/

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Originally shared by Rick Li - 78 comments
After spending the past several years attacking #China for manipulating its currency, the #Trumpadministration is now chuffed that it has struck a deal with China under which it has agreed to manipulate its currency. Donald #Trump announced the deal, along with the extension to this Friday’s deadline for trade negotiations that would otherwise have triggered increased tariffs on US$200bn of China’s exports to the US.

While the administration provided no detail on the currency agreement, Treasury Secretary #SteveMnuchin described it as 'one of the strongest agreements ever on currency'. Trump and Mnuchin have consistently accused China of being a currency manipulator even though Mnuchin’s own department concluded last year that China was not manipulating the renminbi. Their more recent concern, heightened when the renminbi fell against the dollar last year, was that China would devalue its currency to offset the impact of the Trump tariffs, rendering them and the leverage they provide in the trade negotiations ineffective.


#WorldEconomy #Protectionism #America #Globalisation #GlobalTrade #TradeWars #EconomicRisk #Economy #TradePolicy #InternationalTrade #TradeTariffs #Politics #Geopolitics #InternationalRelations #USA #GlobalTradeWar #EconomicColdWar #CurrencyWar
Trump's done a U-turn on China's currency - and he's chuffed to bits
https://www.smh.com.au/business/markets/trump-s-done-a-u-turn-on-china-s-currency-and-he-s-chuffed-to-bits-20190226-p5109u.html
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