TRADE WARS

News About World Trade

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China port backlog will take weeks to clear, Maersk says
Jun 21, 2021 (AFP)
Yantian port, in China's southern trade hub Shenzhen, stopped accepting new export containers in May after a local infection cluster involving port workers -- s...
Bitcoin dives as China widens crackdown on crypto mining
Jun 21, 2021 (AFP)
Chinese mines power nearly 80 percent of the global trade in cryptocurrencies despite a domestic trading ban since 2017, but in recent months several provinces ...
Australia takes China to WTO over wine duties
Jun 19, 2021 (AFP)
The decision "to defend Australia's winemakers" comes six months after Australia lodged a separate protest at the WTO over tariffs on Australian barley and is i...
Australia taking China to WTO over wine duties
Jun 18, 2021 (AFP)
The decision "to defend Australia's winemakers" follows a separate Australian WTO action protesting Chinese tariffs on Australian barley and is in line with the...
Jobs fears as Italy eyes end to Covid ban on layoffs
Jun 16, 2021 (AFP)
Supporters say the freeze, which is unique in Europe, saved thousands of jobs after the pandemic plunged Italy into deep recession -- but the European Union has...
G7 global infrastructure plan faces obstacles as Chinese alternative
Jun 16, 2021 (AFP)
US President Joe Biden was able to convince the G7 to sign onto the initiative, drawing allies into Washington's strategic rivalry with Beijing, under a plan ti...
Equity markets mostly up as traders look ahead to Fed meeting
Jun 15, 2021 (AFP)
With coronavirus vaccines rolling out and businesses reopening in many countries, investors are broadly upbeat about the global economic outlook while fears hav...
Biden seeks EU support on China, but trade battles persist
Jun 15, 2021 (AFP)
After the European enthusiasm that followed Biden's election, the president of the European Council Charles Michel, representing the 27 EU leaders, and the head...
China slams G7 'manipulation' after Xinjiang, Hong Kong criticism
Jun 14, 2021 (AFP)
In a communique after a three-day summit in England, G7 leaders slammed China over abuses against minorities in the Xinjiang region and pro-democracy activists ...
G7 adopts global infrastructure plan in riposte to China
Jun 12, 2021 (AFP)
The adoption of the US-inspired "Build Back Better World" (B3W) project came after President Joe Biden and leaders met to address "strategic competition with Ch...
Foreign businesses shocked by rollout of China's anti-sanctions law
Jun 11, 2021 (AFP)
The law came into effect on Thursday, adding to China's toolbox as it builds its defences against US and EU pressure over trade and human rights. The move also ...
G7 countries move closer to tax plan for US tech giants
Jun 11, 2021 (AFP)
The group, including Britain, Canada, France, Germany, Italy, Japan and the United States, has visions of a global tax rate of at least 15 percent on the multin...
Markets mostly up as inflation spike seen as temporary
Jun 11, 2021 (AFP)
The keenly awaited US consumer price index for May came in at a forecast-busting five percent annually, well up from April and the highest in 13 years owing lar...
Yellen says 'concerned' debt relief could aid Chinese lenders
Jun 10, 2021 (AFP)
In April, G20 countries including the United States agreed to extend until December a moratorium on debt interest payments for the poorest nations, amid fears t...
Asian markets mostly down as investors jostle before inflation, ECB
Jun 09, 2021 (AFP)
Global markets have essentially been in a holding position this month as traders try to determine the outlook for central banks' policies in light of the surgin...
EU chief defends China deal ahead of US summit
Jun 08, 2021 (AFP)
The president of the European Council, Charles Michel, will meet Biden at this weekend's G7 summit in Cornwall, before hosting him in Brussels next week for EU-...
Biden keeps pressure on China, aims spending at competitive edge
Jun 08, 2021 (AFP)
After maintaining tariffs Trump imposed on Beijing and expanding a blacklist of Chinese firms, Biden is now pushing Congress to approve a plan to invest in rese...
China mulls new law to fight foreign sanctions
Jun 07, 2021 (AFP)
The country's legislature debated a draft law on opposing foreign sanctions, state television reported without offering further details. Only last week Beijing ...
Chinese exports up 28%, imports hit decade-high
Jun 07, 2021 (AFP)
Demand for China's goods has bounced after economically painful lockdowns last year due to the Covid-19 crisis, and as vaccines are rolled out across much of th...
Apple faces employee resistance in office return plan: report
Jun 07, 2021 (AFP)
The iPhone maker, which faces a dilemma similar to other firms seeking to reopen after pandemic restrictions, has called for employees to return three days a we...
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