Advertise Here [468 W x 60 H pixels]
Web Exclusive | January 2019

Let-up in China & US trade tensions!

Politics has become even more unpredictable and so no one is entirely certain about the outcome the G20 Summit - especially concerning US-China trade relations. However, there were sparks of a possible easing - a truce (at least temporarily) - of the highly publicised, and until recently, escalating, tensions between the two nations.

The US will hold off on raising tariffs (from 10 per cent to 25 per cent) on $200 billion worth of Chinese imports. China agreed to buy a very substantial (but unspecified) amount of US goods.

The 90-day truce period will give both sides a window for negotiating a longer-term agreement. Key issues include forced technology transfer (from the US to China), intellectual property rights protection, non-tariff barriers, cyber-intrusion, services, and agriculture.

It is unlikely that we will see tariffs on apparel imports to the US. China's agreement to immediately start buying US agricultural products will enable mills to import US cotton. Sourcing in China will remain stable. This will have a ripple effect on sourcing in other Asian nations.

China and the US have agreed to immediately start negotiations (which will continue during the 90-day truce). Both sides realize that the trade war has caused losses for both nations. Early reports about the G20 Summit from the Chinese media reported that “the US has positively addressed what China felt were unresolved issues by Washington.” At the moment, it looks like both sides are actively searching for a way out of this standoff - without losing face.
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A.T.E Enterprises Pvt Ltd      AB Carter India Pvt Ltd      Angel Mechtronik      Apsom Technologies (India) Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bharat Bijilee Ltd      Bhatt Bros      Bracker AG (Rieter)      Condair      DCC Print Vision LLP      DN Associates      DORNIER Machinery India Pvt Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fab Industries      Fourwents Engineering Company      Gandhi Automations Pvt Ltd      Gem Orion Machinery Pvt Ltd      Instamod Air Pipe Pvt Ltd      Jogindra Industries Pvt Ltd      Jumac Manufacturing Pvt.Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Kirloskar Toyota Textile Machinery Pvt Ltd      Konica Electronics Enterprise      Labelmach      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      M-Tex Enterprises      Mayer & Cie. GmbH & Co. KG      Mayur Reeds And Healds Pvt Ltd      Mohler Machine Works Pvt Ltd      Needles And Elements India Private Limited      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Phoenix Textile Engineering Pvt Ltd      Precision Rubber Industries Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Rossari Biotech Ltd      Savio Texcone Pvt Ltd      SB Dye Springs India Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Stovec Industries Ltd      Techno Electronics And Instruments      Techno Industries      Thymas Electronics Pvt Ltd      Uster Technologies AG      Vetal Hitech Machines Pvt. Ltd      VTMtex Virtual Textile Mill India (P) Ltd      Weavetech Engineering Pvt Ltd      A.T.E Enterprises Pvt Ltd      AB Carter India Pvt Ltd      Angel Mechtronik      Apsom Technologies (India) Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bharat Bijilee Ltd      Bhatt Bros      Bracker AG (Rieter)      Condair      DCC Print Vision LLP      DN Associates      DORNIER Machinery India Pvt Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fab Industries      Fourwents Engineering Company      Gandhi Automations Pvt Ltd      Gem Orion Machinery Pvt Ltd      Instamod Air Pipe Pvt Ltd      Jogindra Industries Pvt Ltd      Jumac Manufacturing Pvt.Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Kirloskar Toyota Textile Machinery Pvt Ltd      Konica Electronics Enterprise      Labelmach      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      M-Tex Enterprises      Mayer & Cie. GmbH & Co. KG      Mayur Reeds And Healds Pvt Ltd      Mohler Machine Works Pvt Ltd      Needles And Elements India Private Limited      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Phoenix Textile Engineering Pvt Ltd      Precision Rubber Industries Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Rossari Biotech Ltd      Savio Texcone Pvt Ltd      SB Dye Springs India Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Stovec Industries Ltd      Techno Electronics And Instruments      Techno Industries      Thymas Electronics Pvt Ltd      Uster Technologies AG      Vetal Hitech Machines Pvt. Ltd      VTMtex Virtual Textile Mill India (P) Ltd      Weavetech Engineering Pvt Ltd