Currently, approximately 99 per cent of Ugandan traders and entrepreneurs have established contacts and purchase most of their goods from the Province. At the same time, the Canton Fair which is held twice a year and is the largest fair in China, attracts hundreds of Ugandan visitors and entrepreneurs to the Province every year.
White House economic adviser Larry Kudlow told Fox News that the president’s tweet was a warning.”The president is, I think, issuing a warning here, that, you know, we bent over backwards earlier, we suspended the 25% tariff to 10 and then we’ve left it there.
The key issue isn’t ownership structure, but the fact that foreign companies currently operate in China under a system of positive rather than negative limits.
China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S. Dollar-denominated exports plunged 20.7 percent for the month of February from a year ago, missing economists’ expectations of a 4.8 percent decline, according to a Reuters poll. January exports had risen 9.1 percent fromRead More
Despite U.S. President Donald Trump launching a high-stakes trade war against Beijing last year, China on Monday announced that its 2018 trade surplus with Washington was its largest in more than a decade. China’s surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. It was theRead More
US and Chinese officials held their first face-to-face negotiations since a 90-day truce was declared in a trade war between Washington and Beijing, in the hope of ending a bruising confrontation between the world’s two largest economies. Hopes that the sixth round of negotiations between the two sides could yield a breakthrough helped Asian shares rise onRead More
A U.S. government delegation will travel to Beijing in the week of Jan. 7 to hold trade talks with Chinese officials, two people familiar with the matter said. Deputy U.S. Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to theRead More
China’s trade surplus with the United States widened to $35.55 billion in November, compared with $31.78 billion in October, Chinese customs data showed on Saturday. For January-November, China’s trade surplus with the United States was $293.52 billion, compared with about $251.26 billion in the same period last year. China’s large trade surplus with the UnitedRead More
The economic agreement President Trump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unraveling Tuesday, with the White House threatening new penalties against Beijing and multiple officials seeking to downplay expectations for an eventual deal. Investors, who had applauded the deal on Monday, turned sharply negative Tuesday. In midday trading,Read More
President Donald Trump’s tariffs on Chinese imports are having the desired effect of driving production out of China — but not to America. Less than a month after the Trump administration hit $200 billion worth of Chinese imports with a 10 percent tariff, Hong Kong-based furniture maker Manwah Holdings broke ground on an expansion ofRead More