EU Looks for 15% Tariff Rate in Possible Deal With U.S.
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A zero-tolerance crackdown has swooped up illegal traders, and foreign violators will be added to the country’s export blacklist, according to the Ministry of Commerce.
China and the European Union have issued a joint call to action on climate change during an otherwise tense bilateral summit in Beijing on Thursday riven with major disagreements over trade and the war in Ukraine.
China wants to bring its trade ties with the U.S. back to a stable footing, its commerce minister said, adding that recent talks in Europe showed there was no need for a tariff war while urging the U.
The EU-China summit in Beijing laid bare the underlying frictions in that relationship, which present both challenges and opportunities for Southeast Asia, says Daniel Balazs of the S Rajaratnam School of International Studies.
China has reported that its economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2% pace.
Looming U.S. tariffs, together with a real estate market slump feeding into weakening consumer confidence, saw China's GDP growth slow in the second quarter.
The flow of goods in Manzhouli, China’s main border crossing with Russia, underscores increasingly close ties between the two countries, complicating China’s relationship with Europe.
China's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause