China has announced it will start imposing tariffs of 25% on US$16 billion worth of US imports from the August 23 – the date that the US will implement tariffs on the same amount of Chinese goods. Commodities targeted by Beijing in the reciprocal tariffs include coal, oil, steel products, autos, chemicals and some medical... View Article

China has stated its intent to continue trading with Iran despite US sanctions introduced on Tuesday. According to Reuters, China’s foreign ministry said in a statement that Beijing “has consistently opposed unilateral sanctions and long-armed jurisdiction.” It added, “China’s commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United... View Article

With trade tensions between the US and China rattling Southeast Asian markets, and the spectre of economic nationalism still looming in the global economy, ASEAN Foreign Ministers had much to discuss when they convened in Singapore last week for the 51st ASEAN Foreign Ministers’ Meeting. Given the challenges currently facing multilateralism and the established rules-based... View Article

The US will impose new 25% tariffs on up to US$16 billion worth of Chinese goods on 23 August, US Trade Representative Robert Lighthizer announced yesterday. The Office of the US Trade Representative said in a statement that the tariffs are in ‘response to China’s unfair trade practices related to the forced transfer of American technology... View Article

China has announced it will impose tariffs ranging from 5 to 25 per cent on up to US$60 billion worth of US imports, in the latest act in an escalating trade war. According to the South China Morning Post, the Chinese Ministry of Finance said that the tariffs were in response to the US threat... View Article

China has lent Pakistan US$2 billion just days after the election of new Prime Minister Imran Khan, reflecting Beijing’s aim to maintain close ties with the South Asian country. Pakistan is facing an economic crisis, with foreign exchange reserves falling to their lowest levels in over three years, enough to cover just two months of... View Article

President Trump has instructed US Trade Representative Robert Lighthizer to consider increasing proposed tariffs on US$200 billion of Chinese imports from 10 per cent to 25 per cent, the White House has confirmed. According to Reuters, Lighthizer said the potential increase “is intended to provide the administration with additional options to encourage China to change... View Article

The US could announce plans to more-than-double its proposed tariffs on Chinese imports as early as Wednesday this week, according to media reports. The Trump administration is considering raising tariffs on US$200 billion of Chinese goods, due to take effect in September, to 25 per cent, the BBC reports. The proposed tariffs on more than... View Article

US Secretary of State Mike Pompeo has announced an allocation of US$113 million to promote digital, energy and infrastructure connectivity in the Indo-Pacific. In a move already described as an attempt to rival China’s Belt and Road Initiative, Pompeo said the funds “represent just a down payment on a new era in US economic commitment... View Article

China has offered to “open discussions about a possible free trade deal” between Britain and China post-Brexit, according to UK Foreign Secretary Jeremy Hunt. Speaking in Beijing during his first visit to China as Foreign Secretary, Hunt said the offer was “something that we welcome,” and that the UK “will explore.” The Foreign Secretary was... View Article