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Tradei

News about international trade flows, statistics and policy decisions from the world’s most important trading economies and trade-related bodies, including the World Trade Organisation.

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  • Frustration said to be mounting on continent and evident in European Commission investigations over Chinese subsidies, such as for electric vehicles
  • EU chamber chief fears ‘retaliation’ and that events take on a life of their own leading to a ‘self-reinforcing doom loop’
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The US announced plans on Tuesday to increase tariffs on 14 categories of products from China under Section 301 of the Trade Act of 1974, covering US$18 billion in imports.

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The companies are the latest additions to the Uygur Forced Labor Prevention Act Entity List that restricts the import of goods tied to what Washington says is as an ongoing genocide of minorities in China’s Xinjiang region.

Analysts say Beijing is preparing ‘for all types of situations’ in a trade war with the US that shows no sign of abating after six years, as the leading presidential candidates vow to turn up the heat.

Weak steel demand at home has encouraged China, the world’s biggest producer of the alloy, to offload its surplus stocks by offering competitive rates to Indian buyers, hurting Indian producers.

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Analysts discuss how Beijing could respond to Washington’s latest trade offensive, and how the impact could have repercussions beyond China’s borders.

Some EU member states with major automotive ties to China are voicing their opposition to any push to match US import tariffs, or to impose any duties at all.

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US imports of used cooking oil more than tripled in 2023, with more than half coming from China, according to the US International Trade Commission.

Two Chinese firms withdraw bids for Romanian photovoltaic park contracts after Brussels opens investigations under its foreign subsidies regulation.

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Finance deals made through smaller Chinese banks would help ‘resolve the threat of secondary sanctions’, according to fresh findings by a Renmin University institute.

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Premier Li Qiang tells a State Council meeting that ‘digital, smart and green’ development of the sector would help make the economy more efficient.

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The Chinese president upgraded relations with Serbia and Hungary, but in France made few if any concessions to reduce the flood of Chinese imports into the EU.

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The US will impose new, elevated tariffs that focus on key industries including electric vehicles, batteries and solar cells, according to Bloomberg and The Wall Street Journal.

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More multinationals are undergoing a ‘decoupling’ with their China-based operations, a new business survey finds as foreign direct investment sinks and analysts say expatriate staff are harder to come by.

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European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.

China’s exports returned to positive growth in April amid a recovery of global demand, but analysts said the focus should still be on sustaining momentum in domestic demand.

Success of the US$17 billion Iraq Development Road depends on Iraq-Turkey ties, which have been fraught over oil exports and militant issues, analysts say.

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