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President of the United States Donald Trump, in a conversation with journalists, said that the preparation for the introduction of previously announced duties on the volume of Chinese imports worth $200 billion was coming to an end, and he was ready to introduce additional duties on Chinese goods worth $267 billion, Bloomberg reports. Previously, the US authorities have already imposed duties on Chinese products in the amount of $50 billion a year. Considering that in 2017, goods worth $505 billion 600 million were delivered from China to the United States, then, taking into account the forthcoming new duties, tax will be put on all the Chinese imports.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
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