WTO: US Tariffs on China Are Illegal
A World Trade Organization panel ruled Sept. 15 that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a final, binding verdict.
Port of Los Angeles Chief Says China to Miss Agriculture Target
The head of the U.S.’ busiest port said China is on track to buy less than one-third of the American agricultural products it promised to purchase in 2020, the first year of a trade pact between the world’s biggest economies.
Tesla Keeps China Growth Going With Record Registrations
Tesla Inc. kept growing in China last month, with registrations of its electric vehicles jumping to a record in the world’s largest market as the coronavirus outbreak receded.
Barr Says US Overly Reliant on Chinese Goods, Services
The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said July 16.
Oil Jumps After Trump Leans Against Further Chinese Sanctions
Oil jumped to a four-month high after President Donald Trump indicated that he doesn’t want to add more sanctions against Chinese officials for now in a move to diffuse tensions with Beijing.
Some Chinese Ports Are Jammed Again on Food Testing
Intensive testing of meat, seafood and other products for the coronavirus has tripled customs clearance times at some major Chinese ports, raising concerns the delays could ensnare global trade flows.
July 13, 2020Trump Says Phase 2 China Trade Deal Unlikely at This Point
President Donald Trump said a phase two trade deal with China isn’t under consideration, saying the relationship between Washington and Beijing has deteriorated too much.
What a Manufacturing Shift Away From China Could Mean for Trucking
How will U.S. trucking be affected if certain businesses move out of China and into other parts of Asia or even to North America?
Tesla Pushes China’s EV Bubble Closer to Bursting
Tesla Inc.’s new Shanghai plant has churned out super-popular Model 3 electric sedans for the past six months, catapulting the company atop the sales chart and piling the pressure on cash-strapped local rivals. There was another casualty last week.
July 8, 2020China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.
June 24, 2020