European Union
Cai Run, the head of the Chinese Mission to the European Union, emphasizes the importance of building on past achievements and adopting an objective and rational view of China to promote a stable and mutually beneficial relationship between the two sides. This year marks the 50th anniversary of diplomatic ties
European Union
A recent report shows that the amount of projects under China's Belt and Road Initiative in the first half of this year exceeded the total amount of projects in 2024, setting a record for the highest total amount of projects in half a year. This milestone has been
Tariffs
China's move to champion openness, innovation, and international cooperation in its supply chains is gaining momentum, with the country taking proactive steps to promote technical alignment and support deeper economic cooperation. As China's economy continues to demonstrate robust growth, the country is positioning itself as an
Tariffs
Pakistan's tariff policy perpetuates an anti-export bias, with high and inconsistent tariffs on imported inputs leading to inefficiency, stagnating exports, and welfare losses. The complex tariff structure, regulatory duties, and selective exemptions amplify rent-seeking and misallocation of resources. With protectionism costing the economy Rs1.77 trillion annually, meaningful
Tariffs
China's Ministry of Commerce has criticized Canada's decision to impose additional tariffs on steel imports from China, calling it a violation of World Trade Organization (WTO) rules and a disruption to the international trade order. The ministry stated that Canada's unilateral measures harm China&
International trade
US President Donald Trump has unveiled plans to notify more than 150 countries that they may soon be subjected to new US tariff rates ranging between 10% and 15%. This move marks a significant escalation of Trump's protectionist economic agenda, aimed at reducing the US trade deficit and
Tariffs
President Donald Trump's decision to impose sweeping tariffs on major trading partners, set to take effect on August 1, 2025, marks a dramatic escalation in Washington's ongoing trade battles. The impact of these tariffs will be felt across the US economy, among its allies, and the
Tariffs
U.S. dairy exporters have been unable to penetrate the Canadian market to the degree negotiated under the U.S.-Mexico-Canada Agreement due to Canada's rules around imports. The United States has long argued that Canada's tariff rate quota (TRQ) licence rules are a breach of
Tariffs
The Philippines is exploring alternatives to the United States as a trading partner, driven by concerns over the increasing trade tensions between the two nations. The US imposes a 20% tariff on Philippine goods, with economists debating the advisability of decoupling from the US market. The Philippines' Department of
International trade
China's foreign trade maintained strong resilience in the first half of this year, achieving total growth, quality improvement, and controllable variables, according to a recent report by the State Council of the People's Republic of China. The report highlights that in the first half of the
Tariffs
The administration's random and often arbitrary tariff policy under President Donald Trump is creating uncertainty that makes it difficult for companies to plan for the future and invest in long-term projects. This is particularly concerning for the auto industry, where companies need predictability to build factories and make
International trade
Hong Kong and France have enjoyed a strong and deepening trade relationship, with bilateral trade in goods reaching around EUR9 billion last year, making France one of Hong Kong's most important trading partners in the European Union. The Financial Secretary of Hong Kong, Mr. Paul Chan, noted that
