News on China.
Donald Trump says the first day of the latest round of negotiations between the US and China went "very well". The high-level talks are expected to resume on Friday in Washington, DC.
After a period with soaring VLCC day rates from upward pressure on the tanker market due to uncertainty about US sanctions on Cosco subsidiary Dalian Tankers, oil traders are again booking Chinese vessels. Sources say these new charters are not going to push rates down anytime soon, though.
According to Foreign Minister Wang Yi, China is willing to purchase more goods from the US.
Donald Trump used his speech at the UN Assembly in New York to repeat complaints about China and its trade practices shortly before negotiators from the two countries are set to meet in Washington.
China has just purchased its second large quantity of soybeans from the US, the largest volume since June.
Chinese companies have bought ten ship cargoes of soybeans from the US, the biggest purchase since June, Reuters writes. This occurs a few weeks before China and the US once again meet for negotiations in the ongoing trade war. Updated.
China says that a range of US-produced goods will be exempted from the tariffs implemented last year as the country's government seeks to ease the impact of the current trade dispute with the US. But it will not lift the tariffs on soybeans and pork.
China shrugged off US President Donald Trump’s latest escalation of the tariff war, with state media signaling the government is ready to weather the economic turbulence as no progress to resolve the standoff is in sight.
China's gas import will continue to grow considerably despite expectations that the country's own output will more than double over 20 years, UK analyst firm Wood Mackenzie assesses in a new report.
Donald Trump says that China has requested to restart the two countries' trade talks. The statement came just hours after China's top negotiator called for calm after a weekend of back-and-forth tariffs that rocked global stocks.
Friday, the US president warned of an increase in existing tariffs and of the upcoming ones on Chinese goods in response China's new tariffs on US goods.
Soy bean exports from the US to China will not return to normal levels for a while, shows new analysis from shipping organization Bimco.
Container line Hapag-Lloyd will start issuing fines to customers in China who fail to provide sufficient declarations for dangerous goods.
If China ends import of US-made agricultural goods, it would be a big blow to the container sector and US importers, says Lars Jensen, CEO of Sea-Intelligence Consulting, in a comment.
Donald Trump escalates the trade war with China with announcement of new tariffs on USD 300 million worth of Chinese imports. The new taxes could go well above 25 percent, says the US president.
The US and China plan to meet again in September for trade talks, as the latest round of negotiations conclude with few signs of progress in the trade dispute between the two superpowers.
The two superpowers wrapped up a new round of trade talks without clear evidence of progress made toward ending the protracted trade dispute.
Data on China's commodities output reveal no signs of a slowdown as production reached record levels in June.
Another three shipbuilders in China are in talks to merge, reports news outlet. This happens after two of the country's biggest yards have similarly announced plans to merge.
The US and China had a phone call on Tuesday to discuss a new trade agreement, says White House Economic Advisor Larry Kudlow.
The two largest shipyards in China are working on a merger, which will create one of the biggest shipyards in the world. The companies inform, however, that several details still need to be ironed out before an actual merger can take place.
Saturday, the US and China agreed to restart negotiations of a trade deal. US President Donald Trump furthermore promised not to introduce new tariffs right now.
Drewry projects that the trade war will only entail brief disruptions in the container market. In fact, a change in trade patterns might boost the shipping sector, the firm states.
A trade deal with China could push the US to the top of the list of LNG suppliers to China, projects Morgan Stanley. The bank says a deal could boost the US' share of Chinese gas imports to more than 20 percent by 2025.
US President Donald Trump again threatened to raise tariffs on China if President Xi Jinping does not meet with at the G-20 summit in Osaka, Japan, later this month.
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