German industrial orders rose by more than forecast in June, official data showed on Tuesday, providing a glimmer of hope for Europe’s largest economy, where recession is back on the cards following a contraction in the second quarter. Industrial orders increased by 3.9% in June on the previous month on a seasonally and […]
China’s foreign trade volume reached a new high in the first half of this year, showing strong resilience and a steady upward momentum despite the challenging external environment. China’s strong manufacturing capabilities, along with its burgeoning consumer market, technological advancements and favourable trade policies, have been providing its trade partners with vast opportunities and […]
China and Europe held several rounds of technical talks over tariffs on Chinese electric cars that the European Commission is set to confirm on Thursday, China’s commerce ministry said at a regular news conference. “To date, a number of consultations have been held at the technical level between China and the European Union,” He […]
Indonesia will impose safeguard duties of 100% to 200% on imports ranging from footwear to ceramics, reviving a plan to protect domestic industries, the trade minister said. The planned import duties average more than 100%, Trade Minister Zulkifli Hasan told reporters on Friday. “If we are flooded with (imported goods), our micro, small […]
A wide swath of pro-trade American business groups has asked the Biden administration for another month to comment on plans to impose steeper tariffs on Chinese imports of electric vehicles, batteries, solar products and other goods, effectively delaying the Aug. 1 start date for many of the duties. The group of 173 trade associations […]
Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday. Volvo, which is majority-owned by China’s Geely, was considering halting sales of Chinese-built EVs bound for Europe if tariffs […]
The European Union’s industry chief has called on the United States to pass new technology regulations, in the hopes of fostering a cohesive digital marketplace across the Atlantic. The EU is widely considered a leading authority in tech regulation, having passed sweeping pieces of legislation scrutinising the practices of major companies like Google and […]
The Cuban sugar harvest is winding down at the lowest tonnage since 1900, forcing the government to import and putting more pressure on its domestic rum, soft drink and pharmaceutical industries, according to official reports, two economists and a rum industry source. President Miguel Diaz-Canel said at the end of April that the state-run […]
South Korea is being considered as a potential partner for part of the AUKUS deal between the United States, Britain and Australia, Defence Minister Shin Won-Sik said on Wednesday. “We support AUKUS Pillar Two activities and we do welcome that members are considering Korea as an AUKUS Pillar Two partner,” he told a news […]
The U.S. and Taiwan will hold another round of negotiations toward their “21st Century” trade agreement starting on Monday in Taipei, the U.S. Trade Representative’s office said on Friday. The talks, led by USTR and the Taiwan Economic and Cultural Representative Office in the United States, are expected to discuss more complicated areas in […]