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China reluctant to place large soybean orders despite Donald Trump’s US trade war demands

Concerns over an excessive reliance on the United States for supplies of soybeans, coupled with China’s now weaker position in the market when buying the often-controversial agricultural product, are two key factors underlying Beijing’s reluctance to place large orders, industry insiders said on Friday.Soybeans have become a focal point in the China-US trade war, and were again thrust into the spotlight earlier this month when US President Donald Trump threatened to impose tariffs on US$300… Source link

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US-China trade war takes a breather as Beijing sees ‘positive signal’ in Donald Trump’s tariff delay

Escalating trade tensions between China and the United States eased slightly on Wednesday as Beijing hailed the decision by US President Donald Trump to delay or remove some planned tariffs against Chinese products as a “positive signal”.The small ceasefire, announced by Trump on Tuesday, came after Vice-Premier Liu He, China’s lead trade negotiator, talked with US trade representative Robert Lighthizer and US Treasury Secretary Mnuchin by phone on Tuesday.Liu, though, did lodge “solemn… Source link

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How Donald Trump’s currency war may end up hurting the US economy, rather than China

Worse than being unjustified, Washington’s decision to brand China a currency manipulator was misguided as it could backfire on the US economy. As for Beijing, it should resist any temptation to let the yuan slide precipitately. That wouldn’t be in China’s own interest. The Trump administration’s categorisation of China as a currency manipulator followed a fall in the renminbi’s value to more than 7 to the US dollar. But, in truth, if China has been influencing the yuan’s value in recent times,… Source link

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China 

China paints rosy picture of foreign investment despite Donald Trump’s claim ‘thousands’ of firms are leaving

Foreign investment in China accelerated in July despite trade tensions with the United States, contradicting claims from US President Donald Trump of an exodus of investors.In July, foreign direct investment (FDI) into China rose 4.1 per cent from a year ago to US$8.07 billion, a higher rate from the 3 per cent rise seen in June, according to data released by China’s Ministry of Commerce on Tuesday.In yuan terms, FDI increased to 54.82 billion yuan (US$7.8 billion) in July, 8.7 per cent higher… Source link

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Donald Trump’s war on climate science, Brexit and Hong Kong’s housing disaster are what happens when governments disregard evidence

After Donald Trump’s election as president in November 2016, Columbia Law School’s “Silencing Science Tracker” began compiling reports of federal, state, and local government efforts to suppress scientific research, and has documented hundreds of such incidents, largely the suppression of information about climate change. Photo: Greenpeace Source link

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China 

New IMF report doesn’t back Donald Trump’s currency manipulation charge against China

This story is published in a content partnership with POLITICO. It was originally reported by Doug Palmer on politico.com on August 9, 2019.The International Monetary Fund on Friday provided little or no support for US President Donald Trump’s assertion that China is manipulating its currency for an unfair trade advantage.In an annual review of China’s economic policies, the IMF said Beijing actually took steps last year to prop up the value of its currency after the renminbi declined against… Source link

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Aimed at China, Trump’s trade war shots keep businesses and investors on their toes

Markets have had an uncomfortable two weeks – largely due to the US government’s continued escalation of its trade war with China. Two major developments necessitate further reflection: new upcoming tariffs and the designation of China as a currency manipulator. Tariffs may be economically significant, but they are unlikely to weigh on trade negotiations. Meanwhile, designating China as a currency manipulator doesn’t change either side’s economic outlook, but it will be a major issue in trade… Source link

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Donald Trump’s ‘real threat’ of Vietnam tariffs sends ripples of anxiety through Southeast Asian nation

Steven Yang had been considering moving his mattress factory from China’s manufacturing heartland of Guangdong to Vietnam for some years, because despite increasing the salary of his 50 workers every year, his staff kept leaving.Yang’s company, Foshan Jietai Furniture, exports to the United States, European Union, Canada, Hong Kong, Australia and other parts of Asia. He had been focused on increasing his exports to America, but these plans were devastated when US President Donald Trump imposed… Source link

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China 

US rushes to ready new China tariffs as firms say Donald Trump’s decisions ‘made with a tweet’ leave them no time to plan

The Trump administration is rushing to finalise a list of US$300 billion in Chinese imports it plans to hit with tariffs in a few weeks’ time, as US companies make a last-ditch appeal to be spared from the latest round of duties.US President Donald Trump’s announcement last week on adding a 10 per cent tariff as of September 1 to virtually every Chinese import that is not yet subject to punitive duties took US Trade Representative Robert Lighthizer by surprise, people familiar with the… Source link

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