In the frequent exchanges on trade between the U.S. and China, it was Chinese President Xi Jinping’s turn to offer his country’s take. Speaking to the Boao Forum for Asia today, Xi struck a conciliatory tone. He said China is committed to opening up its economy more to foreign businesses and products. So what do […]
With the announced Chinese tariffs on U.S. exports, things are looking pretty tough if you’re a farmer, and more so if you’re a farmer in Iowa. Five of the state’s central agriculture products — soybeans, corn, ethanol, beef and pork — would be hit if the tariffs go into effect. And that’s a big deal […]
This week or next the Trump administration is expected to announce a list of Chinese exports it could slap with tariffs to punish China for what it sees as unfair trade practices. Trade talks between the U.S. and China are ongoing, and markets are certainly hoping that two biggest economies in the world might keep […]
South Korea has become the first nation to be permanently exempted from President Donald Trump’s steel and aluminum tariffs as part of a newly renegotiated free trade agreement between the two countries announced today. The Trump administration has used the possibility of tariffs as leverage in other trade issues as well, such as renegotiating the […]
Trade warriors are on the lookout for China to retaliate against the administration’s barrage of tariffs. A likely first target is agriculture — the U.S. exports massive amounts of sorghum and soybeans to China. In fact, China imports so much U.S. soy that some have said it can’t afford to restrict it with its own tariffs. […]
The White House announced today a series of actions aimed at countering what it calls unfair Chinese trade practices. We got tariffs on $60 billion worth of Chinese goods each year, and we got litigation, with the U.S planning to sue China more at the WTO. And finally, the president says he’s going to limit […]
The Trump Administration is trying to figure out how to act on a campaign promise to make trade with China more fair. One thing the administration is considering is imposing tariffs or quotas on imports of steel and aluminum. The justification? National security. Here’s a look at the theory behind that connection, and the administration’s […]
