Tag: Chinese imports
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French Advisers Urges EU Tariffs or Weaker Euro to Counter China
The European Union should consider either an unprecedented 30% across-the-board tariff on Chinese goods or a 30% depreciation of the euro against the renminbi to counter a flood of cheap imports, a French government strategy report said on Monday. Europe is ...
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As Chinese Imports Flood In, Ethiopia’s Weavers Fight for Survival
By Dylan Gamba Behind the looms of a workshop in the heart of Addis Ababa, dozens of weavers deftly repeat the same motions to craft traditional dresses -- a centuries-old skill now threatened by Ethiopia's economic hardships.
Kenya’s Silent EV Revolution: Custom Chinese EVs Solving Transport Gaps
The electric shift in many African countries is largely silent where unique approaches are solving daily transport problems caused by lax government policies that have left glaring gaps. In countries like Kenya, where public transport ...
Six Million Donkeys Slaughtered for Chinese Medicine: Charity
Almost six million donkeys are slaughtered annually for Chinese medicine, with severe knock-on effects for African villagers who rely on the animals, a UK-based charity said on Thursday. It is driven by an increase in China's production of ejiao -- a ...
Will China’s Trade Strategy in Africa Succeed Where Europe’s Didn’t?
At a recent ministerial meeting in the central Chinese city of Changsha, Beijing announced an ambitious new phase of its engagement with Africa: the possibility of eliminating customs duties on exports from all 53 African countries (except for Eswatini, which maintains diplomatic relations with Taiwan). While many ...
Imported sulphur is seen at a port in Nantong, Jiangsu province, China March 22, 2018. Picture taken March 22, 2018. REUTERS/Stringer
By Andy Home The Iran war has already caused turmoil in the global aluminum market, but now the fallout is spreading to both copper and nickel supply chains. The conduit is sulfur, a by-product of the Gulf's oil ...
French Advisers Urges EU Tariffs or Weaker Euro to Counter China
The European Union should consider either an unprecedented 30% across-the-board tariff on Chinese goods or a 30% depreciation of the euro against the renminbi to counter a flood of cheap imports, a French government strategy report said on Monday. Europe is ...
As Chinese Imports Flood In, Ethiopia’s Weavers Fight for Survival
By Dylan Gamba Behind the looms of a workshop in the heart of Addis Ababa, dozens of weavers deftly repeat the same motions to craft traditional dresses -- a centuries-old skill now threatened by Ethiopia's economic hardships.
Kenya’s Silent EV Revolution: Custom Chinese EVs Solving Transport Gaps
The electric shift in many African countries is largely silent where unique approaches are solving daily transport problems caused by lax government policies that have left glaring gaps. In countries like Kenya, where public transport ...
Six Million Donkeys Slaughtered for Chinese Medicine: Charity
Almost six million donkeys are slaughtered annually for Chinese medicine, with severe knock-on effects for African villagers who rely on the animals, a UK-based charity said on Thursday. It is driven by an increase in China's production of ejiao -- a ...
Will China’s Trade Strategy in Africa Succeed Where Europe’s Didn’t?
At a recent ministerial meeting in the central Chinese city of Changsha, Beijing announced an ambitious new phase of its engagement with Africa: the possibility of eliminating customs duties on exports from all 53 African countries (except for Eswatini, which maintains diplomatic relations with Taiwan). While many ...
“Vietnam’s Just a Pathway of China” to the U.S., Says Commerce Secretary
The pressure on Vietnam in the escalating trade war between the U.S. and China went up significantly on Wednesday when Commerce Secretary Howard Lutnick made it very clear that eliminating all trade tariffs on U.S. goods will not be enough to satisfy the Trump administration. ...
Offshore Trading of China’s Currency Sinks to Historic Low, Presenting Yet Another Problem for Developing Countries
China’s offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...
China’s Retaliation to U.S. Tariffs Could Boost Trade with Global South
U.S. tariffs on imports from China, Mexico, and Canada went into effect right after midnight on Tuesday. Citing a lack of action on restricting precursor chemicals used to make fentanyl, the U.S. added 10% on top of an already-imposed 10% tariff on Chinese imports, while those from ...
U.S. Lawmakers Want to Close Back Doors That Chinese Companies Use to Circumvent Tariffs
A bipartisan group of lawmakers in the U.S. Senate is set to introduce new legislation on Monday aimed at cracking down on Chinese companies that shift production to other countries to circumvent tariffs. The bill, if passed, would allow the Commerce Department ...
Mexico Seeks to Cut Chinese Imports Amid Concerns Over Trump’s Tariffs, Says Economy Minister
Mexico appears to be ramping up its efforts to significantly reduce imports from China in a bid to stave off any retaliation from the incoming Trump administration in Washington. Less than a week after President Claudia Sheinbaum unveiled a plan to curb ...
“No Clear Evidence” that Vietnam Facilitates Chinese Exports to the U.S.: IMF
An investigation by the International Monetary Fund has found no clear evidence that Vietnam is used as a waystation to facilitate Chinese imports to the United States. The study examined backward trade linkages with China in Vietnamese exports to the United ...
India Sanctions Chinese Steel Imports, Further Straining Already Frayed Ties
Already strained Sino-Indian ties suffered another setback this week after New Delhi imposed tariffs on some Chinese steel imports as part of an effort to crack down on what it claimed was predatory pricing. The new five-year duties are specifically targeted ...