Who is Huohuade Lutenike? The Chinese rendering of Howard Lutnick, the billionaire nominee to lead America’s commerce department, is not well known in China. But he may end up shaping America’s trade policies. Since Donald Trump announced his pick, Chinese investors and policy-watchers have scrambled for information. More than anything they want to know if…
SHANGHAI (Reuters) – Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle tariff scheme. The bloc’s latest EV tariffs to protect its auto industry from a flood of cheap Chinese imports do not apply to…
Canadian Prime Minister Justin Trudeau has announced a 25 per cent tariff on steel and aluminium imported from China. This decision precedes a crucial bilateral meeting, responding to perceived unfair trade by China. Trudeau had been criticised for inadequate response to alleged Chinese election interference. Expected to affect local manufacturers, the impact of this move…
An EU-China trade war is “unavoidable” on current trends, according to Europe’s top business leader in the country, who said that Beijing’s own policies mean it could not be considered the “victim”. “A full-blown trade war looks more and more likely if nothing changes,” said Jens Eskelund, the chairman of the European Union Chamber of…
German Chancellor Olaf Scholz said he expects negotiations with China to settle a dispute over the EU’s threatened punitive tariffs on imported Chinese electric cars. “Of course we have to protect our economy from unfair trade practices,” Scholz said on Wednesday at a conference organized by the BGA foreign trade association in Berlin. “However, our…
China has strongly urged the United States to stop what it describes as “unreasonable suppression” of its companies. This follows U.S. proposals to ban Chinese software and hardware in vehicles due to national security concerns. The Chinese Ministry of Commerce criticized the U.S. government’s move, labeling it protectionist and a violation of fair competition and…
The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China’s state-driven excess production capacity. The US Trade Representative’s office told Reuters that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar…