Free and open trade between countries is a crucial ingredient that can help to maintain a real-world marketplace. Many states have strong trade partnerships, and that creates a win-win situation for them. But still, there are countries that cannot agree on the ratio of exports to imports between them. These disagreements can lead to tariffs ...
An economic advisor to U.S. President Trump has suggested that China needs to be expelled from the World Trade Organization (WTO) because of its misbehavior. China has long practiced a protectionist economic policy that prevents American companies from full access to their market. In addition, continued IP theft of U.S. companies by state-backed groups are ...
Unlike the U.S., China has a very weak track record when it comes to protecting Intellectual Property rights (IP). In fact, China is famous for producing fake products of every popular brand, whether it be something as simple as a handbag or as sophisticated as a smartphone. American businesses lose billions of dollars every year ...
With the Chinese economy said to be slowing down, there have been concerns over whether Beijing will decide to use its most potent tool to flip the China-U.S. trade war in its favor — the yuan. Such a move would definitely unleash shockwaves in the international markets. Devaluing the yuan to impact the US-China ...
The Chinese stock market has been on a slump in recent times as tensions regarding growth keep investors away from betting on the economy. Experts predict that the situation could get worse if Beijing does not end the trade war with the U.S. and bring the economy back on track. Stock markets in trouble, economy ...
President Trump recently signed a bill bringing a new foreign aid agency into life, the “U.S. International Development Finance Corp.” The newly established foreign aid agency has the authority to provide US$60 billion in loans, loan guarantees, and insurance to companies daring enough to do business in developing countries. Close observers have coined Trumps’ recent move ...
President Trump’s trade war on China seems to be working pretty well, as China panics and announces that it will be injecting US$110 billion into the domestic economy in a bid to stimulate growth. However, a report by the International Monetary Fund (IMF) confirms China’s worst fears — if it continues to defy the U.S. ...
Beijing has reportedly decided to slash import tariffs on more than 1,500 products amid increased U.S. pressure and slowing exports. The move is aimed at opening up the domestic economy to foreign businesses and stimulating spending among citizens. Reducing import tariffs China’s finance ministry has declared that import tariffs on products like wood, minerals, paper, ...
Disney recently announced an increase in the minimum wages of its employees at the Disneyland Resort in California and Disney World Florida. The move is expected to make other companies in the region increase the minimum wages of their workers. Increasing minimum wages At the Disneyland Resort, workers had been agitating for months for ...
With the U.S.-China trade war not showing signs of ending anytime soon, President Trump is reportedly ready to pile on as much pressure as he can on China so that Beijing feels the pain and accepts America’s demand for fair trade practices. Trump’s trade tariffs In an interview with South China Morning Post, former White ...
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