Japan warns citizens in China
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Whether China can maintain its level of exports to the rest of the world – and expand back into the US market after the recent truce, is a consequential question for the world’s second-largest economy
It is much harder for U.S. soybean farmers to pivot away from China. The country imports about 60% of the world’s soybeans, and the U.S. and Brazil are the two biggest producers of the crop.
Improved trade relations between the US and China may help lower logistics costs, while previous tensions provided opportunities for growth in regions like Africa to cater to global needs for goods and manufacturing,
China's Vice Premier He Lifeng and German Finance Minister Lars Klingbeil said the two countries should strengthen their commercial ties and bring an end to months of trade tensions between the world's second- and third-largest economies.
Under a new trade deal reached with China, the U.S. has agreed to lower tariffs on Chinese imports imposed under the International Emergency Economic Powers Act (IEEPA) to address the influx of opioids into the U.
Progress in US-China talks typically encourages investors to shift from traditional safe havens like gold into risk assets such as equities and credit. Read more here.
But this year, the international soybean market has been reshaped, at least temporarily, by several factors, mainly the impact of the US-initiated trade conflicts with China, which led to reduced US soybean exports to the Chinese market as Beijing increased purchases from Latin America, analysts said.
As part of the new international and domestic contracts, Wheaton Dumont will be transporting more than four dedicated freight trains full of soybeans with shipments scheduled to China, Mexico and St.
There must be fair conditions for competition in trade with China, German Finance Minister Lars Klingbeil said on Monday, adding that dialogue matters.
German Finance Minister Lars Klingbeil pressed for an “open, rules-based global trading system” as he departed for a high-stakes visit to Asia, as frictions over trade restrictions between the US, China and Europe ramp up.