Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

China, EU trade dispute with US continues

Both China and the European Union are locked in their own trade disputes with the US, and China has been seeking common ground with the EU in opposing what Beijing sees as US protectionism.

China and the EU had a common interest in defending the global multilateral trading system as both sides believe that they must resolutely oppose unilateralism and trade protectionism and prevent such behavior from causing volatility and recession in the global economy. Both have already announced retaliatory measures against punitive US tariffs.

China will impose additional 25 per cent tariffs on 659 US goods worth S$50 billion in response to the US announcement that it will levy tariffs on Chinese imports. Tariffs on $34 billion of US goods including agricultural products such as soybeans will take effect from July 6. The EU also imposed tariffs on a range of US goods in response to import duties on EU steel and aluminum by the US administration.

 

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo