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Trade

Huawei dominates global race to 5G, inking over 50 contracts despite US crackdown

Chinese telecom giant Huawei has secured more than 50 commercial contracts for 5G across the world, according to the company’s board member and Senior Vice President Catherine Chen, who was cited by news agency Xinhua.

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Special EU channel to allow trade with Iran, circumvent US sanctions is now operational – statement

A special trade channel that will allow European firms to bypass American sanctions on Iran is operational – that was the outcome of the meeting between the countries who signed the nuclear deal ditched by US.

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US trade deficit soars to decade high of $621 billion despite Trump pledge to bridge the gap

Despite the trade war against China and numerous import tariffs imposed on a number of countries, the US trade deficit hit a 10-year high of $621 billion last year, the US Commerce Department reported.

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‘Stupid economics’: Attack on Huawei tells world to avoid doing business with US – Prof. Wolff

The US has underestimated the consequences of the attack on Chinese telecom giant Huawei as it sends a strong signal for the rest of the world to avoid dealing with such an unstable partner, professor Richard Wolff believes.

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Washington and Wall Street wake up to the reality that Beijing is happy to walk away

As Wall Street reels from the shock of a trade war exploding to new heights in the form of tariffs and counter tariffs, there’s another reality that is setting in — that China seems happy to walk away from trade talks.

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EU Reveals List of $20 Bln of US Goods Under Threat of Tariffs Amid Boeing Row

Last week, US trade authorities published a preliminary list of EU products which could face additional duties in retaliation to EU subsidies to Airbus. The EU, in turn, stated on Tuesday that it will release on Wednesday a list of products that might face new duties over US state subsidies to aircraft manufacturing giant Boeing.

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Pompeo seeks to recruit top world oil execs to promote US foreign policy

US Secretary of State Mike Pompeo has sought to recruit some of the top oil industry guns to serve as Washington’s foreign policy tools to crack down on “bad actors” like Venezuela, Russia and Iran.

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Russia’s trade with China surges to more than $107 billion

Trade turnover between Russia and China soared by nearly 30 percent in 2018, reaching a record number of $107.06 billion, according to the latest report released by China’s General Administration of Customs (GAC). The agency noted that last year Russian imports of Chinese goods increased by 12 percent to $47.98 billion.

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