China to cut import tariffs on certain goods to expand domestic demand
1 week, 5 days ago

China to cut import tariffs on certain goods to expand domestic demand

China Daily  

BEIJING -- China will reduce import tariffs on a large number of goods next year in its latest move to expand domestic demand and advance high-standard opening up, authorities announced Saturday. By continuously reducing import tariffs on the pharmaceutical raw materials and medical equipment in high demand, China will better ensure people's access to medical services, said Gao Yuning, vice dean of the School of Public Policy and Management of Tsinghua University. Under 24 free trade and preferential trade arrangements, conventional tariff rates will be applied to certain products from 34 countries or regions next year as part of China's efforts to expand its globally-oriented network of high-standard free trade areas, according to the commission. Specified tariff items will be introduced for products such as pure electric passenger vehicles to support industrial development and sci-tech advancement, while import tariffs will be increased on goods including battery diaphragms, in light of domestic industrial development and market supply and demand, and in accordance with its commitments to the World Trade Organization, according to the commission.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
1 day, 23 hours ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

US manufacturers are stocking up on imports ahead of tariffs
3 weeks, 5 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

China tightens curbs on exports of materials with chip-making applications to US
1 month ago

China tightens curbs on exports of materials with chip-making applications to US

Live Mint  

China will strengthen controls on U.S.-bound exports of some materials that are used in chip making and can have military applications, a move that comes amid rising trade tensions between the two countries. The Chinese Ministry of Commerce said Tuesday that it will ban exports of so-called dual-use materials to the U.S. for military purposes. A ministry spokesperson said the …

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says
1 month, 2 weeks ago

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says

Associated Press  

HONG KONG — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. Responding to a reporter’s question about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang …

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report
Trending News
1 month, 2 weeks ago

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report

Live Mint  

The US could impose nearly 40 per cent tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to one percentage point. However, most economists also said they do not expect blanket 60 per cent tariffs on Chinese goods in early 2025 as this could accelerate inflation within the US. "We expect …

Donald Trump may impose 40% tariffs on China in early 2025: Report
1 month, 2 weeks ago

Donald Trump may impose 40% tariffs on China in early 2025: Report

India Today  

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point. The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on November 5, also predicts that the President-elect will resist …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
2 months ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

Tariff hikes will hit US consumers, experts say
3 months, 3 weeks ago

Tariff hikes will hit US consumers, experts say

China Daily  

The United States' latest move to raise tariffs on certain Chinese products threatens the stability of global supply chains and will ultimately pass the burden onto its consumers, market watchers and corporate executives said on Sunday. The Office of the US Trade Representative announced on Friday that it has finalized tariff hikes on selected Chinese products following a four-year review …

US businesses raise imports over tariff fears
4 months ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

US businesses raise imports over tariff fears
4 months ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

Nation to implement steps for foreign trade growth
5 months, 1 week ago

Nation to implement steps for foreign trade growth

China Daily  

Amid rising protectionism and geopolitical risks, China will implement a series of measures in the second half of the year to sustain and enhance its positive foreign trade trajectory, customs officials said on Tuesday. Despite facing challenges such as unilateralism and the disruption of global supply chains, Lyu said that supported by the advantages of a vast domestic market and …

Robust foreign trade to further drive economic growth, experts say
5 months, 3 weeks ago

Robust foreign trade to further drive economic growth, experts say

China Daily  

Vehicles await loading to be transported at a terminal of Yantai Port in Shandong province on June 24. ZHU ZHENG/XINHUA China's supportive policies and ongoing quality upgrades in foreign trade are set to bolster economic growth throughout the year despite lingering external challenges, market watchers and business leaders said on Thursday. According to a communique released on Thursday after the …

Via intermediates
6 months, 2 weeks ago

Via intermediates

China Daily  

JIN DING/CHINA DAILY Despite Washington's push for decoupling, the US and China continue to maintain close trade relations through third parties Deglobalization, trade frictions and geopolitical conflicts have led to a reshuffle of the global industry and value chains. The US is pursuing "decoupling "from China under the guise of "de-risking", but the changes mentioned above do not represent the …

Via intermediates
6 months, 2 weeks ago

Via intermediates

China Daily  

JIN DING/CHINA DAILY Despite Washington's push for decoupling, the US and China continue to maintain close trade relations through third parties Deglobalization, trade frictions and geopolitical conflicts have led to a reshuffle of the global industry and value chains. The US is pursuing "decoupling "from China under the guise of "de-risking", but the changes mentioned above do not represent the …

Chinese business community strongly criticizes new tariffs
7 months, 3 weeks ago

Chinese business community strongly criticizes new tariffs

China Daily  

Employees check solar panel products at a tech company in Zhangye, Gansu province. WANG JIANG/FOR CHINA DAILY The Chinese business community strongly opposes the United States' latest decision to increase tariffs on Chinese imports, calling on the US to promptly cancel the additional tariffs, said the China Council for the Promotion of International Trade in a statement on Wednesday. On …

China demands immediate removal of new US tariffs
7 months, 3 weeks ago

China demands immediate removal of new US tariffs

China Daily  

A drone view shows BYD electric vehicles before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier for export to Brazil, at the port of Lianyungang in Jiangsu province, on April 25. The US government unveiled new tariffs on Tuesday on a variety of imports from China, including electric vehicles, lithium batteries, photovoltaic cells, critical minerals, semiconductors, steel …

US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say
7 months, 4 weeks ago

US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say

Associated Press  

WASHINGTON — The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. The tariffs, expected to be announced Tuesday, come as officials across the Democratic administration have expressed frustration over China’s manufacturing “overcapacity” of EVs and other …

Mexico overtakes China as the leading source of goods imported to US
11 months ago

Mexico overtakes China as the leading source of goods imported to US

The Hindu  

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States. Figures released by the U.S. Commerce Department show that the value of goods imported to the United States from Mexico rose nearly 5% from 2022 to 2023, to more than $475 billion. The last time …

Tariff cuts fresh proof of opening-up
1 year ago

Tariff cuts fresh proof of opening-up

China Daily  

An aerial view of Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. Reductions cover various sectors and are aimed at boosting trade ties China's new round of reductions in import tariffs, announced on Thursday, highlights the country's commitment to further open up its economy and promote international trade cooperation, officials and experts said. Import tariffs on key resources, equipment …

Packages from China are surging into the United States. Some say $800 duty-free limit was a mistake
1 year, 6 months ago

Packages from China are surging into the United States. Some say $800 duty-free limit was a mistake

Associated Press  

WASHINGTON — Conservatives anxious to counter America’s leading economic adversary have set their sights on a top trade priority for labor unions and progressives: cracking down on the deluge of duty-free packages coming in from China. In its first set of recommendations, a new House committee focused exclusively on China called for legislation that would reduce the threshold for duty-free …

China introduces policies to stabilize foreign trade
1 year, 8 months ago

China introduces policies to stabilize foreign trade

China Daily  

An aerial view of Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. China has introduced a series of policies to stabilize the scale of its foreign trade and improve its structure amid uncertain external demand, trade risks and other challenges, said the Ministry of Commerce on Sunday. To keep the foreign trade scale stable, the country will make efforts …

Measures set to strengthen foreign trade
1 year, 8 months ago

Measures set to strengthen foreign trade

China Daily  

chinadaily.com.cn| Updated :2023-04-24 Trade: Burdens of enterprises to be eased China will step up efforts to stabilize foreign trade performance while improving the trade structure through a raft of policy measures, government officials said at a news conference on Sunday. Wu Haiping, director-general of the General Administration of Customs' department of general operations, said that in order to address the …

Budget may seek to curb China imports
2 years ago

Budget may seek to curb China imports

Live Mint  

The Budget may announce steps to reduce India’s import dependence on China through various tariff and non-tariff measures, pursuing its strategy of Atmanirbhar Bharat in a “calibrated” manner, two officials aware of the matter said. Indian companies and government departments have raised red flags over the import of more than 100 Chinese products including polyester yarn, optical fibre, solar cells, …

每日一词∣中国货物贸易 China's foreign trade of goods
2 years, 2 months ago

每日一词∣中国货物贸易 China's foreign trade of goods

China Daily  

海关总署10月24日发布数据，今年前三季度，我国货物贸易进出口总值31.11万亿元，同比增长9.9%。具体来看，前三季度出口17.67万亿元，增长13.8%；进口13.44万亿元，增长5.2%。 China's foreign trade of goods jumped 9.9 percent year on year to 31.11 trillion yuan during the first nine months of the year, official data showed Monday. Exports rose 13.8 percent year on year to 17.67 trillion yuan, while imports increased 5.2 percent from a year ago to 13.44 trillion yuan, according to the General Administration of Customs. 2022年8月30日，滇中海关关员使用设备对中老铁路国际货物列车出口货物进行查验。（图片来源：新华社） …

Foreign trade to see focus on opening-up
3 years, 1 month ago

Foreign trade to see focus on opening-up

China Daily  

China is expected to make strenuous efforts to promote high-quality development of foreign trade during the 14th Five-Year Plan period, which will pivot on high-level opening-up, innovation and green development, said government officials and trade experts. Ren Hongbin, vice-minister of commerce, said during an online news briefing on Wednesday that the 14th Five-Year Plan period is critical for China to …

China’s July exports, imports rise, but growth slows
3 years, 5 months ago

China’s July exports, imports rise, but growth slows

Associated Press  

BEIJING — China’s imports and exports rose by double digits in July but growth slowed as global efforts to control the coronavirus’ more contagious delta variant weighed on business and consumer spending. This year’s trade growth has been amplified by comparison with early 2020, when global demand plunged after China and other governments shut factories and shops to fight the …

China cuts tariffs on additional US goods
4 years, 10 months ago

China cuts tariffs on additional US goods

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. China announced the first set of exclusion lists on the second batch of United States imports, which are subject to additional tariff exemptions, effective from Feb 28, according to a statement from the Customs Tariff Commission of the State Council on Friday. The commission unveiled two tariff exclusion lists, …

China imposes no additional tariffs on coronavirus prevention supplies from US
4 years, 11 months ago

China imposes no additional tariffs on coronavirus prevention supplies from US

China Daily  

Police officers and workers wearing face masks transport medical supplies arriving by train at the Wuhan railway station, following an outbreak of the novel coronavirus, in Wuhan, Hubei province, China, Jan 31, 2020.. BEIJING -- China will not impose additional tariffs on its imports originated from the United States and eligible for new tariff exemption policies relating to the prevention …

China imposes no additional tariffs on coronavirus prevention supplies from US
4 years, 11 months ago

China imposes no additional tariffs on coronavirus prevention supplies from US

China Daily  

Police officers and workers wearing face masks transport medical supplies arriving by train at the Wuhan railway station, following an outbreak of the novel coronavirus, in Wuhan, Hubei province, China, Jan 31, 2020.. BEIJING -- China will not impose additional tariffs on its imports originated from the United States and eligible for new tariff exemption policies relating to the prevention …

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
4 years, 11 months ago

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

CNN  

Hong Kong CNN Business — China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their “phase one” trade deal. The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. “We think it is highly challenging for China …

Tariff cuts to head changes and advances
5 years ago

Tariff cuts to head changes and advances

China Daily  

Several ministry-level departments, including those responsible for customs tariffs, industry and information technology, and natural resources, have responded recently to issues of public concern. Tariff cuts on imports to start on Wednesday China will adjust import tariffs for a range of products, including frozen pork, starting from Jan 1, 2020, to promote high-quality trade development. From July 1, 2020, China …

US delays retaliatory tariffs in response to China’s gesture
5 years, 3 months ago

US delays retaliatory tariffs in response to China’s gesture

Live Mint  

The US and China have stepped up goodwill gestures by postponing retaliatory tariff-related actions ahead of their crucial 13th round of trade talks in Washington next month. Although the 16 products do not include major US agricultural products like soybean that are causing an uproar among American farmers, President Donald Trump repeatedly termed Beijing’s decision as a “big move”. In …

In escalating trade war, US consumers may see higher prices
5 years, 4 months ago

In escalating trade war, US consumers may see higher prices

Associated Press  

WASHINGTON — The United States and China on Sunday put in place their latest tariff increases on each other’s goods, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer items before the holiday shopping season. “But we can’t allow China to rip us off anymore as a country.” The 15% U.S. taxes apply to about …

Trump raises tariffs on Chinese goods as trade war escalates
5 years, 4 months ago

Trump raises tariffs on Chinese goods as trade war escalates

Associated Press  

WASHINGTON — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there. The Office of the U.S. Trade Representative also said existing tariffs on another $250 billion in Chinese imports would go from 25% to 30% on Oct. 1 after receiving feedback from the public. People …

China hits back at US with tariffs on $75 billion of imports
5 years, 4 months ago

China hits back at US with tariffs on $75 billion of imports

Live Mint  

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. China announced that it will impose additional tariffs on a total of $75 billion of US goods in retaliation for President Donald Trump’s latest planned levies on Chinese imports. The US has said it will increase tariffs on some Chinese goods starting Sept. 1, although …

China threatens retaliation if US tariff hikes go ahead
5 years, 4 months ago

China threatens retaliation if US tariff hikes go ahead

Associated Press  

BEIJING — China on Thursday threatened retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports. President Donald Trump says he plans to impose 10% duties on an additional $300 billion of Chinese imports, extending penalties to almost everything the United States buys from China. China’s …

Donald Trump delays 10% tariffs on Chinese cellphones, laptops, toys; markets jump as relief for retailers, technology groups
5 years, 4 months ago

Donald Trump delays 10% tariffs on Chinese cellphones, laptops, toys; markets jump as relief for retailers, technology groups

Firstpost  

Donald Trump on Tuesday backed off his 1 September deadline for 10 percent tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods Washington: US President Donald Trump on Tuesday backed off his 1 September deadline for 10 percent tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes …

US President Donald Trump warns China of substantial increase in import tariffs
5 years, 5 months ago

US President Donald Trump warns China of substantial increase in import tariffs

India TV News  

US President Donald Trump Friday warned of imposing substantial tariffs on imports from China if the trade negotiations do not go well. It goes on September 1," Trump said a day after he announced to impose 10 per cent tariff on Chinese products worth nearly USD 300 billion. Observing that the US was "so far behind" China before he became …

China ramps up war of rhetoric in trade standoff with US
5 years, 7 months ago

China ramps up war of rhetoric in trade standoff with US

Associated Press  

BEIJING — Stepping up Beijing’s propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to “colonize global business” with moves against Huawei and other Chinese technology companies. At a daily briefing Friday, foreign ministry spokesman Lu Kang accused American politicians he didn’t name of “fabricating various lies based on subjective presumptions …

US-China trade tensions may lead to dumping of Chinese goods in India: India Ratings
5 years, 7 months ago

US-China trade tensions may lead to dumping of Chinese goods in India: India Ratings

Firstpost  

New Delhi: The rise in US-China trade tensions could lead to dumping of Chinese goods and weaker flow of foreign investment from the United States to emerging markets, including India, Ind-Ra said Friday. “Ind-Ra believes the rise in trade tensions between the US and China could lead the latter to guide its exports towards emerging markets… This could potentially disrupt …

Trump tariffs on China likely to cost 400,000 manufacturing jobs, says group
5 years, 7 months ago

Trump tariffs on China likely to cost 400,000 manufacturing jobs, says group

Live Mint  

Washington: President Donald Trump’s higher tariffs on Chinese imports will have “dire consequences” for US equipment manufacturers and worsen prospects for American farmers and others already reeling from lower commodity prices, an industry trade group warned on Friday. “With producers already struggling with falling commodity prices, additional retaliatory tariffs on U.S. agricultural exports will have a chilling effect on equipment …

US to raise tariffs on $200 billion worth of Chinese imports
5 years, 8 months ago

US to raise tariffs on $200 billion worth of Chinese imports

Live Mint  

Washington: The United States will raise tariffs on $200 billion worth of Chinese imports to 25% from 10% effective on Friday, according to a notice posted to the Federal Register on Wednesday. US President Donald Trump said in a tweet that he would be "very happy with over $100 Billion a year in Tariffs filling US coffers." During a 10-month …

China trade talks threatened by Donald Trump's new tariff threat; shares and dollar drop
5 years, 8 months ago

China trade talks threatened by Donald Trump's new tariff threat; shares and dollar drop

ABC  

US President Donald Trump has threatened to reignite the trade war with China, by announcing he will impose tariffs on $US525 billion of Chinese goods because Beijing is moving too slowly on a deal. Key points: US President Donald Trump warned he would lift tariffs by Friday on $US200b worth of Chinese goods from 10pc to 25pc He also raised …

China eyes multiple measures to improve foreign trade in 2019
5 years, 9 months ago

China eyes multiple measures to improve foreign trade in 2019

China Daily  

BEIJING - China will take an array of measures to support foreign trade this year amid increased uncertainty, a senior official said Monday. The country's foreign trade development is facing a more complicated and severe environment with greater uncertainty and more risks and challenges, Assistant Commerce Minister Ren Hongbin told a national conference on imports and exports. However, China "has …

China eyes multiple measures to improve foreign trade in 2019
5 years, 9 months ago

China eyes multiple measures to improve foreign trade in 2019

China Daily  

Containers carrying goods for export are seen in Qingdao Port, East China's Shandong province, on Oct 19, 2018. BEIJING - China will take an array of measures to support foreign trade this year amid increased uncertainty, a senior official said Monday. The country's foreign trade development is facing a more complicated and severe environment with greater uncertainty and more risks …

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