Tensions escalate as the United States administration issued new visa rules to restrict travel by members of the Chinese Communist Party (CCP) and their families in the country. The new policy statement issued on Dec. 3, 2020, limits the maximum duration of B1/B2 non-immigrant business and tourist visas to one month, down from 10 years. ...
After recent talks between the U.S. and China failed to offer any sort of end to the ongoing trade war, market experts are worried that the conflict might last longer than expected. Post the talks, America increased tariffs on US$200 billion worth of Chinese imports to 25 percent. Meanwhile, China has announced that it would increase ...
After U.S. President Donald Trump recently announced that tariffs on US$200 billion worth of Chinese imports will be increased to 25 percent, many businesses in the Asian country became worried about their economic prospects. Originally, the products were only charged a 10 percent tariff. Industries affected One of the industries that will likely be most ...
Chinese stock indexes have posted steep losses in recent months, with market volatility rising so far this year, but U.S. stocks are up and volatility is down. Indeed, with the U.S. markets on a tear and Chinese shares on a downturn, it appears that U.S. stocks have thus far weathered the effects of the trade war. The trade war and stock ...
Beijing has reportedly decided to slash import tariffs on more than 1,500 products amid increased U.S. pressure and slowing exports. The move is aimed at opening up the domestic economy to foreign businesses and stimulating spending among citizens. Reducing import tariffs China’s finance ministry has declared that import tariffs on products like wood, minerals, paper, ...
Under pressure from U.S. tariffs that have critically hit their exports, Beijing will reportedly seek the permission of the World Trade Organization (WTO) to impose sanctions against the United States. Meanwhile, President Trump is already considering pressuring China with additional trade sanctions over their mistreatment of the Uyghur Muslim community. China’s intentions Trump had already ...
With the U.S. slapping import tariffs on Chinese and German goods, both countries have signed trade deals with each other worth more than US$23 billion. And many experts believe that this might just be the start of less “America-centric” global trade negotiations. U.S. tariffs against Chinese imports hit German firms After complaining that the Chinese ...
The U.S. decision to impose tariffs on Chinese imports is being characterized as the start of the U.S.-China trade war. But unlike what most people think, the U.S. does not want a trade war with China. Instead, it simply wants the Chinese to honor international trade agreements and conduct their trade fairly. And to this ...
The U.S.-China trade war may well be one of the most defining economic events of the decade. What started as a fair demand from Western nations that China end its unfair trade practices and IP theft policies, has now grown to be a trade war between two of the world’s biggest superpowers. How much can ...
The ongoing trade war seems to indicate rough times ahead for the world. The U.S. and China have been on conflicting paths for the past couple of decades. Though America was the dominant global power for much of the latter half of the 20th century, China seemed on its way to challenge that title since ...
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