ASIA: Regarding the US-China trade deal, Foreign Minister Wang Yi met with US Secretary of State Mike Pompeo today. Mr. Wang Yi expressed that China had no intentions of removing the US from the world leader status. However, he stressed that the US must “remove all unreasonable restrictions” with regards to the trade deal. He […]

ASIA: The Chinese government has waived some companies and the state to buy US soybeans tariff-free. According to Bloomberg, as much as 3 million tons were allowed to be purchased without the tariffs. Meanwhile, US Treasury Secretary Steven Mnuchin said that the trade talks will proceed after the Chinese delegation cancelation of a US farm […]

  ASIA: The Chinese government has announced that they will be sending employees to around 100 different companies in the tech hub of Hangzhou, according to state local media. The government is trying to help bolster the economy as part of their “New Manufacturing Plan.” Of those companies Alibaba has accepted the government’s proposal to […]

ASIA: US President Trump granted China more than 400 tariff exemptions to products such as coffee filters, plastic straws, dog leashes, patio torches, Christmas lights, and skateboards. A former ambassador to China states that this relationship with China is worse than during the Soviet-era, and deemed it the new “Cold War” as the conflict enters […]

ASIA: US President Trump has warned China that they will face a tough trade war. “It’ll be the toughest deal anybody’s ever had to make from the standpoint of China,” Trump said. His warning comes around if China waits to make a deal until after the US general election in November 2020. Today is the […]

ASIA: The US and China will resume talks tomorrow in Washington, and China’s Vice Minister of Finance Liao Min will lead the “vice – ministerial” delegation to discuss trade and economic issues. The aim is to remove the upcoming tariffs which are expected to come into play on October 15th on over 250 billion USD […]

ASIA: There are ongoing concerns regarding how the Chinese slowdown and rising oil prices will impact global economy. There was no real news emanating regarding progress with the US-China trade deal. However, due to the shortages of US pork, China announced they will release 10,000 MT of pork from its central reserves this week in […]

ASIA: Chinese foreign ministry spokesperson Hua Chunying was quick to dispel rumors that Iran was responsible for the drone attacks on the weekend. “In the absence of conclusive investigation and results, we don’t think it is responsible to blame anyone,” a spokesperson said. “Our position is that we are against any action that aggravates or […]

ASIA: Hong Kong’s $37 billion bid to takeover the London Stock Exchange (LSE) was rejected this Friday. The LSE board unanimously rejected the bid due to “fundamental flaws.” Hong Kong Exchanges and Clearing (HKEX) had hoped the deal would “create a truly global market infrastructure group connecting the East and West.” Recent reports suggest that […]

ASIA: US President Trump announced today that they will delay any tariffs on around 250 billion USD worth of Chinese goods as a “gesture of goodwill” ahead of the talks next month. China yesterday announced they will remove tariffs on 17 US products ranging from medicine to produce. According to a White House official, they […]