China Accelerates U.S. Corn Buying With Record Purchase
China took another step toward meeting agricultural commitments made in the phase one trade agreement with the U.S. with its biggest-ever purchase of American corn. The U.S. Department of Agriculture…
China Has Amassed $1 Billion Glut of U.S. Cotton It Doesn’t Need
China has bought more than $1 billion worth of American cotton in the past three months. And it doesn’t even need it. The purchases — made as part of the…
U.S. levies anti-dumping duties of 52 pct on S. Korean PET sheets
The United States has decided to slap anti-dumping tariffs of up to 52 percent on South Korean polyethylene terephthalate (PET) sheets amid Washington’s growing protectionism, a local trade promotion agency…
China’s Wheat Imports Surge to Seven-Year High Amid Food Concern
China, the top producer of wheat, has been under pressure to fulfill annual grain import quotas, which include corn and rice, under WTO commitments. The country lost a dispute last…
Defying Dire Predictions, China Is the Bubble That Never Pops
To read the history of China analysis in the last 30 years is to be bombarded with predictions of imminent demise. Skeptics said, just poke beneath the surface, and the…
EU Open to Prolonged Digital Tax Talks to Avoid Trade War
The European Union may delay digital tax proposals to give countries move time to hammer out a deal and avert a transatlantic trade war, a top official from the bloc…
U.S. Targets Soap But Not Wine in Counter to French Digital Tax
The U.S. announced 25% tariffs on a series of French goods worth about $1.3 billion, in a long-running battle between the two countries over taxes on technology giants. “We call…
Exclusive: Congress can take vote to withdraw from WTO in July
The House and Senate parliamentarians have cleared the way for votes on a pair of resolutions to withdraw from the World Trade Organization in late July, after Congress returns from…
U.S. opens door to new tariffs on China
The US has opened the door to the imposition of new tariffs on China to protect its fishing industry, especially the lobster fishermen, which it considers “the crown jewel” of…
From Smoot-Hawley to ‘America first’ and ‘strategic sovereignty’
This month marks 90 years since the US signed into law the Smoot-Hawley Tariff Act (SHTA). It was formally called “An Act to provide revenue, to regulate commerce with foreign…