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December 12, 2018 | Via Business Insider

China May Cut Tariffs on US Automobiles

The Chinese government will consider a reduction of tariffs on US cars and trucks in a move which would ease tensions which have damaged the largest global automotive market. The proposal to cut the tariffs from 40% to 15% could be reviewed in the next few days. The deal has not been finalized.

December 3, 2018 | Via CNN

Temporary Trade War Truce Between US and China

President Donald Trump announced on Twitter that China agreed to ‘reduce and remove’ the 40% tariffs it put on US car imports into China. Stocks increased after the US and China agreed to a temporary trade truce on Saturday. The G20 summit agreement halts the increase in tariffs for 90 days to allow for talks.

November 19, 2018 | Via CNN

APEC Summit Ends in Failure to Agree

Clashes between the US and China caused the Asia-Pacific Economic Cooperation summit to end in failure for the first time in history. The two regional powers were unable to agree on the trade language used in the final document. Papua New Guinea Prime Minister Peter O’Neill said the ‘entire world is worried’ about the tensions.

October 2, 2018 | Via Bloomberg

Trump Calls USMCA ‘Biggest Trade Deal’

President Trump said the new United States-Mexico-Canada Agreement (USMCA) is ‘the biggest trade deal in the United States history.’ Trump claimed the deal which replaces NAFTA will bring thousands of jobs to North America. The deal covered $1.2 trillion worth of trade between the countries. It should be signed by the end of November.

September 24, 2018 | Via BBC

U.S., China impose New Tariffs

$200 billion of Chinese products will be subject to increased tariffs by the US from 12:00 p.m. Beijing time on Monday. Products facing levies is almost half the value of imports from China last year. Meanwhile, $60 billion of goods from the U.S. will become subject to Chinese higher tariffs around the same time. About 70 percent of the value of goods China bought from America in 2017 face tariffs.

September 20, 2018 | Via CNBC

Jack Ma Says 1 Million Jobs Won’t Come to America

The founder of Chinese retail giant Alibaba, Jack Ma says the company will not create 1 million jobs in the US. The announcement comes amid the trade conflict between the US and China. Ma originally promised job creation during a 2017 meeting before President Trump’s inauguration. Ma said a friendly partnership ‘no longer exists.’

September 19, 2018 | Via Business Insider

China Retaliates With Tariffs as Jack Ma Warns of Trade War

China responded to President Trump’s latest and biggest round of tariffs on Tuesday by imposing $60 billion in tariffs on American goods. Jack Ma the co-founder of Alibaba Group Holding Ltd. warned business and political leaders to prepare for a trade war with the US that will last longer and have a bigger impact than expected.

September 18, 2018 | Via Reuters

Trump Announces New Chinese Import Tariffs

The Trump administration announced new tariffs on an additional $200 billion worth of Chinese imports on Monday in a move that will affect a wide range of consumer products. President Trump said the latest round of tariffs was in response to China’s ‘unfair trade practices’. China said they will retaliate against the latest wave of tariffs.

September 10, 2018 | Via Reuters

Trump Suggests Ford and Apple Move Production to US Amid Tariffs

After President Trump suggested Ford start making its Focus Active in the US due to the administration’s high tariffs, Ford responded saying ‘it would not be profitable’ to build the car in the US. Trump tweeted on Saturday that Apple should make products in the US to avoid the tariffs on Chinese imports.

August 31, 2018 | Via CNBC

Trump Threatens to Withdraw from WTO

President Trump threatened to pull the US out of the World Trade Organization (WTO) in an interview on Thursday, saying he will withdraw ‘if they don’t shape up.’ The WTO serves the purpose of establishing rules for global trade and resolving conflict between countries. Trump says the body too often rules against the US.

December 2018
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