Tensions between Australia and China escalate

Tensions between Australia and China escalate

Canberra/Beijing – The conflict between Australia and China has intensified following a complaint from the World Trade Organization (WTO). Australia cancelled a joint research expedition with China in Antarctica, raising the issue of national security. China, which chairs the UNESCO committee, has warned that Australia’s coral reefs should be stripped of their heritage status. Analysts […]

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China intensifies trade war against Australia to increase oil imports from Turkmenistan

China intensifies trade war against Australia to increase oil imports from Turkmenistan

Beijing – The trade war between China and Australia has intensified further. China decided to reduce the import of natural gas from Australia and instead increase imports from the central Asian country of Turkmenistan. Only last week, China indefinitely postponed the discussions regarding an economic agreement with Australia. China is known to be the largest […]

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US will not withdraw taxes imposed on Chinese goods: US Trade Representative

US will not withdraw taxes imposed on Chinese goods: US Trade Representative

Washington: US Trade Representative claimed that the taxes imposed on the Chinese goods during former US President Donald Trump’s tenure would not be withdrawn. US Trade Representative Katherine Tai said that withdrawal of China’s taxes could negatively affect the US economy. While indications of a softer stand regarding China are being received from the Biden […]

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New Australian law to counter Chinese influence

New Australian law to counter Chinese influence

Canberra: The Australian parliament has passed a new law awarding veto rights to the government to stop the increasing Chinese influence. The new law gives rights to the government to cancel any agreement signed by any agency or institution, including a provincial administration with any foreign government or company. Although the law says any foreign […]

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Australia-China trade war erupts 

Australia-China trade war erupts 

Canberra/Beijing: – Trade war has been sparked between Australia and China and China has given indications of stopping the import of seven Australian products. Although China has not announced the decision on the official level, it has ordered the Chinese industry to stop imports of Australian products. These include prawns, coal, wood, sugar, copper, barley […]

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Indications of a new flareup in US-Europe trade war, President Trump threatens to impose taxes

Indications of a new flareup in US-Europe trade war, President Trump threatens to impose taxes

Davos: US President Donald Trump has threatened that ‘Europe is fully aware that if they do not sign a proper and a fair trade agreement with the United States, we can impose taxes on them.’ This threat by Trump indicates a new flareup of a trade war between the two leading economies of the world. […]

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