At a recent regional ministerial meeting in Bangkok, Thailand, economic ministers from countries in the Association of Southeast Asian Nations (ASEAN) commended the United Nations Conference on Trade and Development (UNCTAD) for its work on a database of non-tariff measures (NTMs) in the region.
The US-China trade conflict appears to have evolved into a bullish animal. After a plural bouts of tariffs and counter-tariffs, last August 23, Beijing slapped a 5.00% levy on US crude for the first time, targeting a commodity analysts say is already influenced by the trade tensions, and adding to a swathe of US-origin commodities like propane, Liquefied Natural Gas (LNG) and soybeans.
The U.S. trade deficit jumped to a 10-year high in October as soybean exports continued to fall and imports of consumer goods rose to a record high, suggesting the Trump administration’s tariff-related measures to shrink the trade gap likely have been ineffective.
The European Commission is set to propose final duties to curb cheap imports of Chinese electric bicycles that European producers say are benefiting from unfair subsidies and flooding the European Union market.
China said on Friday that it will strike back quickly if the United States hurts its interests, hours before US President Donald Trump was due to unveil revisions to a tariff list targeting 50 billion dollars worth of Chinese goods.