Pages, tagged as «trade»
Trump’s trade wars release the genie from the bottle
Trump said that European Union was worse to USA on trade than China. RISS expert Vyacheslav Kholodkov noted that these serious words were followed up by serious action. In July, the USA expanded a list of goods from the European Union, which can impose duties. The EU warned that the US would face counter-measures if Trump went through with his threat. "Trump’s trade wars released the genie from the bottle. The World Trade Organization (WTO) is crumbling," he said.
Shanghai exchange "blows up" the world market
The Shanghai International Energy Exchange (INE) is becoming increasingly popular among the world's largest oil exchanges and on a par with the New York and London stock exchanges, RISS expert Vyacheslav Kholodkov said. "All Chinese traders and large oil companies have moved to the Shanghai stock exchange. Now it has more than 400 Chinese and foreign participants. They carry out test oil futures transactions in Shanghai, but are planning to start full-scale trade," he pointed out.
Beijing not yielding to Washington's pressure
The US president has introduced additional duties on Chinese goods worth $200 billion, but Beijing will not yield to Washington's provocations, RISS expert Vyacheslav Kholodkov said. "Until now, China have taken a hardline stance on trade. It must have taken into account the Japanese sad experience," he suggested.
US-China trade war keeps escalating
A trade war between the USA and China appears to be gaining steam, RISS expert Vyacheslav Kholodkov said. “This is a war between the two economic giants for dominance in the world economy, which is based on technological superiority. For this reason, the negotiations that were held earlier at the meeting of the American and Chinese delegations were focused not only on reducing the deficit of bilateral trade. In fact, Washington demanded that Beijing reject its intention to overtake the US economy and stop state financing for advanced technologies,” he explained.
EU and US trade war has started
The European Commission introduced increased duties on some American goods in July 2018 in the amount of more than 3 billion dollars, which is the beginning of a trade war between the EU and the United States, RISS expert Vyacheslav Kholodkov said. According to him, this decision was reached in response to the introduction of increased duties on imports of steel and aluminum by the United States since June 1.
USA vs China: trade war – the first stage in the battle of ideas
Confrontation between Washington and Beijing will deepen
On the situation of the world oil market
Oil traders are pessimistic about the prospects of rising oil prices