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China Threatens Retaliation Against NYSE Move To Delist Country's Major Telecom Operators
Monday, January 4, 2021 - 4:11am | 396The trade tensions between Beijing and Washington have flared up again as the New York Stock Exchange moves to delist China’s three large telecom carriers, the Associated Press reports. What Happened: The Wall Street Journal notes that NYSE’s move complies with outgoing President...
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Will US-China Relationship Improve Under Joe Biden?
Monday, November 9, 2020 - 9:11am | 543The world's two largest economies, U.S. and China, have been hostile towards each other after President Trump's tough protectionist stance. The hostility led to both imposing tariffs on imported goods and restricting the export of specific technologies. The two countries signed a Phase...
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US Did Not Benefit From Trade War With China: WSJ
Monday, October 26, 2020 - 6:46am | 346President Donald Trump's trade war with China did not achieve the objective of boosting manufacturing in the U.S., the Wall Street Jornal reports. What Happened: Manufacturing activity in the U.S. has not reversed despite billions of dollars in tariffs to discourage...
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The Trade War And A Changing Market For Soybeans
Friday, September 4, 2020 - 7:08am | 672As the 2020/21 USDA marketing year begins for U.S. soybeans, exports of the commodity appear to be entering positive territory. The USDA reported that on August 26, China purchased 400,000 metric tons of U.S. soybeans. That's one reason the agency now forecasts U.S. soybean exports to rise $4....
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Alibaba, Tencent Among Stocks Hit By US-China Tension; Jobs Number A Step In Right Direction
Friday, August 7, 2020 - 10:14am | 2511Investors might be breathing a sigh of relief as Friday’s jobs report didn’t sound too many alarms about the U.S. economy. At the same time, there could be some rough water to navigate on the way to the weekend as China tension mounts and wheels spin in Washington. The U.S....
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Commentary: Trade Flow And The Warning Flares It Signals
Thursday, May 14, 2020 - 2:44pm | 1134The U.S. trade war with China and COVID-19 have reshaped the flow of supply and demand. While the trade war shifted the movement and volume of goods, the coronavirus has impacted the buying behavior of consumers. Now with the world in various stages of reopening, the big question that remains is...
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Commentary: April Fools! Who's The Loser In Phase One?
Wednesday, April 1, 2020 - 9:24am | 838The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. April Fools' Day jokes span from the funny to the mean spirited. In the case of the Phase One trade deal the results are a joke but at the United States' expense....
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China's 'Regionalization' Agreement To Benefit US Poultry Exports
Tuesday, March 24, 2020 - 2:00pm | 516The U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) announced that it has reached a "regionalization" agreement with China for the safe trade of poultry products during disease outbreaks. "This agreement will help our farmers and ranchers by maintaining export...
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US Lets Up On Import Tariffs For Chinese Medical Supplies
Monday, March 23, 2020 - 1:17pm | 478The White House's trade negotiating office assured U.S. medical supplies importers that it will not impose import tariffs on Chinese products such as ventilators, oxygen masks and nubilators during the coronavirus (COVID-19) pandemic. "Throughout the process of administering its Section 301 action...
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The Sustainable Energy Heroes Who Are Resisting A Tough Macroeconomy
Wednesday, March 4, 2020 - 12:45pm | 11572019 set quite a few records when it comes to stock market growth. And this is despite the tensions caused by Brexit and and the USA-China trade war saga. But the energy industry suffered some dramatic movements due to all this drama. And by energy industry, we mean the total of all companies...
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Coronavirus: Great For In-House Entertainment
Friday, February 28, 2020 - 10:34am | 910As the pandemia is keeping cities on lockdown, many companies are taking a direct hit to their sales. Others who depend on China for manufacturing are facing supply chain issues. But, there are two sides of each coin. First of all, due to the well-known US-China trade war that is more ‘old...
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Refrigerated Cargo Is Being Diverted From Chinese Ports
Monday, February 17, 2020 - 6:09pm | 1059The initial assessment of the coronavirus effect on ocean shipping was: It will slash Chinese exports of containerized, factory-made goods and reduce China's import demand for industrial and energy bulk commodities. As it turns out, that appraisal missed a big part of the fallout picture. The...
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White House Forms China Trade Deal Watchdog Office
Monday, February 17, 2020 - 1:34pm | 512The White House has initiated a new office to ensure that China sticks to its commitments under the "Phase One" trade deal reached between the U.S. and China on Jan. 15. The office, which will be administered by the Office of the U.S. Trade Representative (USTR), will also work with China's...
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China Halves Tariffs On $75B Worth US Goods
Thursday, February 6, 2020 - 4:40am | 258The People's Republic of China is cutting tariffs on hundreds of the United States imports worth about $75 billion by half, the country's Ministry of Finance said in a statement Thursday. What Happened The goods whose import was taxed at 10% will be reduced to 5%; the goods taxed at 5%...