US tariffs take a toll on the yuan

US tariffs take a toll on the yuan

A former advisor to the People’s Bank of China has been warning that China’s trade war with the US could result in “capital outflows and currency depreciation”, as the South China Morning Post reports. Yu Yongding, who is also a senior researcher with the Chinese...
Chinese ICT hit by trade war

Chinese ICT hit by trade war

IDC China has published research showing the impact of the USA’s new tariffs on $34 billion (€29.4 billion) worth of Chinese imports, and the escalating trade war that followed. The recently-enforced additional tariffs are having a particular hit on the Asian...
Ninestar states products are tariff-exempt

Ninestar states products are tariff-exempt

The Chinese company has issued a statement regarding its financial results for the first half of 2018, and revealing its take on the impact of Trump’s new tariffs on Chinese products. Beginning by predicting its net profit for the first half of 2018, Ninestar goes on...
US business leaders oppose Trump tariffs

US business leaders oppose Trump tariffs

There has been a hue and cry in the US business world following President Trump’s new tariffs, which he has proposed to impose on $50 billion (€43.1 billion) of Chinese imports. Almost two weeks after the Imaging Supplies Coalition expressed concern that President...
ISC voices doubts over US tariffs

ISC voices doubts over US tariffs

Following the rekindling of the trade war between the US and China, the Imaging Supplies Coalition has submitted an exclusion request amid fears that President Trump’s tariffs will be “counterproductive”. Over the past few weeks, trade relations between the two global...