China has reacted with surprise to a widely-unexpected announcement by the US to proceed with $50bn of tariffs on Chinese imports. On Tuesday, The Trump administration said it would impose 25 per cent tariffs on selected Chinese goods focusing on tech sectors, The Financial Times reports, unless China addresses intellectual property infringements. Investment and visa... View Article

Tensions between the US and China continue to simmer amid reports that the two sides clashed at the World Trade Organisation (WTO) on Monday. The dispute related to US claims that China forces foreign companies to share intellectual property if they wish to do business in the country. The issue – known as ‘forced technology... View Article

The UK has announced the appointment of its new Trade Commissioner to the Middle East, with the post going to former RBS banker Simon Penney. According to The Times, Mr Penney – who previously led RBS’s Middle East and Africa operations – will start the role of Her Majesty’s Trade Commissioner (HMTC) to the Middle... View Article

With China agreeing to buy more US products in a bid to reduce its trade surplus with Washington, one of the big losers could be Germany – currently China’s biggest European trading partner. This will be at the forefront of German Chancellor Angela Merkel’s mind as she tours China this week to shore up a... View Article

ASEAN must continue to push for economic integration and a greater level of connectivity among members, Singapore’s Minister for Trade and Industry has said. Speaking in Singapore – chair of the Association for 2018 – Chan Chun Sing said that that ASEAN “must reaffirm our resolve to abide by open regionalism, press on with deepening... View Article

Talks in Washington between US and Chinese officials have resulted in both sides agreeing to delay tariffs, prompting one White House official to say: “We are putting the trade war on hold.” Treasury Secretary Steve Mnuchin made the comments following the latest negotiations, which he said have led to a new framework for addressing trade... View Article

China’s foreign ministry has refuted widely reported claims that Beijing offered to reduce its trade surplus with the US by $200bn each year. The offer, which reportedly included China buying more US goods and making new trade concessions, was played down by ministry spokesman Lu Kang, Reuters reports. “This rumour is not true. This I... View Article

China has offered to cut its trade surplus with the US by up to $200bn a year, Reuters reports, in what could be a major concession to President Trump. The offer was made during a surprise meeting between President Trump and Chinese Vice Premier Liu He on Thursday, The South China Morning Post reports. The... View Article

The new Malaysian government has announced its intention to abandon the controversial Goods and Services Tax (GST), honouring a key election promise made by Mahathir Mohamad. On 1 June, the GST – which currently stands at 6 per cent – will be reduced to 0 per cent, the government confirmed in a statement. According to... View Article

Trade talks between China and the US commence in Washington today, with the two parties still “very far apart” on key issues, according to the US Ambassador to Beijing. The US wants China to provide a timetable on how it will open-up its markets to US exports, Reuters reports, with US Ambassador Terry Branstad expressing... View Article