Trade War

The forestry sector—landowners, logging companies, and sawmills—have lost an estimated $1.1 billion in 2020. Devastating wildfires and Hurricane Laura have played a part, but the Covid-19 pandemic has also contributed to significant losses. If workers are required to stay home, then no trees will be felled or logs sawed into…

SAO PAULO/CHICAGO (Reuters) - U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China trade war.FILE PHOTO: A worker inspects soybeans during the soy harvest near the town…

There are signs that Australia's billion-dollar wine trade with China has effectively ground to a halt, as winemakers continue to grapple with disruptions.Key points: Winemakers say they don't know of any Australian wine that has cleared China's customs in the past two weeks Up to 60 per cent of wine…

WASHINGTON (Reuters) - Incoming U.S. Treasury secretaries have been confronted over the past two decades with the financial rescue of other countries, the bailout of the U.S. banking system and a trade war.FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020.…

A Chinese flag flies alongside a set of European flags at a Shanghai mall on March 22, 2019. (Image credit: TechNode/Cassidy McDonald) Beijing rolled out on Tuesday draft rules to curb anti-competitive practices at tech companies. The China International Import Expo (CIIE), a government-backed trade fair, was held Nov. 5…

The Chinese Communist Party took a swipe at President Donald Trump losing several "Rust-Belt" states this year which he'd won in 2016, claiming through several government-run media pieces that his ongoing trade war with China is to blame.Multiple state-run Beijing publications continue to openly mock Trump and Secretary of State…

Opinion Danil Bochkov China-US relations under Biden are likely to become less confrontational and more predictable, but they will remain challenging. Meanwhile, Russia can expect more of the same, including the continuation of sanctions Danil Bochkov Published: 6:45am, 10 Nov, 2020 Updated: 6:51am, 10 Nov, 2020 Why you can trust…

China declines to acknowledge Biden victory China declined Monday to congratulate Joe Biden as the winner of the US presidential election, saying the outcome of the vote was still to be determined. Chinese Foreign Ministry spokesman Wang Wenbin speaks at the Foreign Ministry briefing in Beijing on November 9, 2020.…

President-elect Joe Biden is heading for the White House. A litany of domestic crises will crowd his in-tray, but when he is able to mull foreign policy it’s relations with China that will require immediate attention. The world’s number two economy, and America’s top trade partner, was cast as a…

By Kevin Miller and Melinda GrenierNow that the campaigning is over, the work begins for Joe Biden to start making good on the policy changes he promised. Here’s a breakdown of how a Biden presidency may affect some two dozen U.S. industries and what might rise to the top of…