United States (US) President Donald Trump fulfilled one of his election promises by getting rid of the North American Free Trade Agreement (NAFTA) and replaced it with the US-Mexico-Canada Agreement (USMCA) signed on 30 September.
The latest round of tariffs imposed by the Trump administration on US$200 billion worth of Chinese goods was met with a similar tariff on US$60 billion worth of American exports to China. Trade tensions between the two have grown more hostile of late with no sure signs of either one backing down. As of July 2018, the United States’ (US) trade deficit with China stands at US$223 billion according to the US Census Bureau.
On a recent official visit to China, Malaysian Prime Minister Mahathir Mohamad criticized his host country’s use of major infrastructure projects – and difficult-to-repay loans – to assert its influence over smaller countries.
Next month, the United States (US) Department of the Treasury is due to submit to Congress its biannual report detailing which countries, if any, are manipulating their currencies to gain an unfair trade advantage. For his part, President Donald Trump is already accusing China of doing so, as he did throughout the 2016 election campaign. And he is reportedly trying to influence the Treasury Department’s deliberations.What has changed since the last report in April?
After three days of meetings and forums, this year’s 12th Annual Meeting of the New Champions, also known as Summer Davos in Asia came to an end yesterday. Held in the northern Chinese city Tianjin, this year’s Summer Davos carried the theme of “Shaping Innovative Societies in the Fourth Industrial Revolution” which attracted 2,000 business leaders, policymakers and experts from over 80 countries.
The ongoing trade war between the United States (US) and China is set to dominate discussions at the World Economic Forum on ASEAN currently being held in Hanoi. Some of Asia’s top business heavyweights and leaders are expected to attend the forum from 11 to 13 September.Over the past few months, US President Donald Trump has not lifted his foot off the gas as he persists with a slew of tariffs on China, the country which the US imports the most goods from.
The world’s eyes are fixated on Myanmar. Numerous online petitions have been set up among the international community to voice concerns for the Rohingya Muslims. At the same time, there are also online campaigns being run by people in Myanmar speaking out against the international media’s reports about the situation in Rakhine state.Today, apart from the Rohingya crisis, Myanmar is also gaining international infamy because of its treatment of two Reuters journalists.
China on Saturday called Donald Trump "irresponsible" after the United States (US) president cancelled his top diplomat's trip to North Korea and suggested Beijing was stalling efforts to disarm Pyongyang.US Secretary of State Mike Pompeo was due to make his fourth visit to the reclusive state next week for what he described as the next step towards the "final, fully verified denuclearisation of North Korea".But Trump - facing a slew of domestic problems and independe
The next designer handbag you buy is less likely to bear a “Made in China” label.Fashion companies, eager to diversify their supply chains, were already expanding into production sites in Southeast Asia as alternatives to China. Then the trade war happened.Now, with tariffs on products such as Chinese handbags set to rise, nations like Cambodia and Vietnam are looking more attractive than ever for consumer-goods makers such as Steven Madden Ltd. and Tapestry Inc.’s Coach.
Southeast Asia and Europe stressed the importance of pushing back against protectionism and the threat of global trade wars Friday, as their ministers work towards the eventual goal of a region-to-region free trade pact.The United States (US) is embroiled in trade spats with China and close allies including the European Union (EU), imposing tit-for-tat tariffs on billions of dollars’ worth of goods and heightening fears of economic pain that could spread worldwide.At a meeting in Singapore, E
Politics has a nasty habit of surprising us – especially in a country like China, where there is little transparency and a lot of intrigue. Five months ago, President Xi Jinping jolted his countrymen by abolishing the presidential term limit and signalling his intention to serve for life.
United States (US) President Donald Trump’s inability to think strategically is undermining longstanding relationships, upending the global order, and accelerating the decline of his country’s global influence – or so the increasingly popular wisdom goes. But this assessment is not nearly as obvious as its proponents – especially political adversaries and critics in the mainstream US media – claim.America’s relative decline was a hot topic long before Trump took office.
