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BizBeat Ep. 295: U.S. facing biggest crisis with 'Biden stagflation'

02:48 A recent Wall Street Journal article says that the U.S. economy is experiencing its biggest crisis in 20 years. U.S. inflation hit highest level in nearly 40 years. Biden's regula

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China, U.S. maintaining normal economic, trade communications: MOFCOM

China and the U.S. have been maintaining normal communications in areas of economy and trade, said Gao Feng, spokesperson for China's Ministry of Commerce (MOFCOM), at a regular press conference on T

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UK, Australia agree post-Brexit free trade deal

Britain and Australia has announced their first major post-Brexit free trade deal and they plan to "intensify cooperation on security, climate change and science and tech."The UK government said in a

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UK secures post-Brexit trade deals with Norway, Iceland, Liechtenstein

Britain has reached post-Brexit trade agreements with Norway, Iceland, and Liechtenstein, the British government announced on Friday.In a government statement, the new trade deal is said to boost cri

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China extends exemption of additional tariffs on 79 U.S. products

China has announced the fourth extension of the exemption of additional tariffs for a list of 79 U.S. products from the second round of tariff countermeasures against the U.S., said the Customs Tarif

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U.S. extends tariff exclusion on China's medical supplies for 6 months

The U.S. is extending exclusions on tariffs for face masks, cleaning supplies and other personal protective equipment from China for six months, providing protection against higher costs as the natio

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China extends exemption of additional tariffs on 65 U.S. products

China on Friday announced the third extension of the exemption of additional tariffs for a list of 65 U.S. products from the second round of tariff countermeasures agai

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China to adjust tariffs on some products starting January 1

China will adjust tariffs on some products starting from January 1, according to the Ministry of Finance on Wednesday.Bilateral trade deals between China with countries

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China welcomes WTO ruling that U.S. tariffs violate intl. trade rules

China's Ministry of Commerce in a statement released on Tuesday welcomed the World Trade Organization (WTO)'s ruling that U.S. tariffs on Chinese goods violate international trade rules.A dispute pan

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China to halve rates of additional tariffs on some U.S. products

China will halve rates of additional tariffs on some U.S. products worth about 75 billion U.S. dollars starting Feb. 14 in a bid to promote the healthy and stable development of Sino-U.S. economic an

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China lifts tariffs on imported supplies used for virus prevention

Imported supplies used for novel coronavirus prevention and control have been exempted from tariffs from January 1 till March end, China's Ministry of Finance announced

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EU Trade Commissioner negotiates trade in Washington

The EU and U.S. continue their dispute over aircraft subsidies. Washington imposed tariffs on $7.5 billion of European imports.This, after a World Trade Organization (WTO) ruled that Airbus had recei

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Trade war takes the wind of boat industry

02:17 The American boating industry has faced a range of pressures in recent years.Despite bullish sales domestically, exports to overseas markets have lagged, in large part, because o

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Economist Anthony Chan discusses adjusted China tariffs

04:50 Economist Anthony Chan discusses adjusted China tariffs with CGTN's Asieh Namdar.

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Trump's next $100 billion tariff dilemma

USconsumersmaybeabouttodirectlyfeeltheeffectsofthetradefightstartedbyUSPresidentTrumpwithChinaandothercountriesthisyearwhenanewlistofChineseimportstobetaxedisan

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Trump praises Xi's Boao speech, promises progress together

‍USPresidentDonaldTrumponTuesdaypraisedthe"kindwords"ofChinesePresidentXiJinpingattheBoaoForumforAsiaconference,andforesaw"greatprogress"intheircooperation,amid

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China's Xi renews pledges to open economy, cut tariffs this year

ChinesePresidentXiJinpingonTuesdaypromisedtoopenthecountry’seconomyfurtherandlowerimporttariffsonproductsincludingcars,inaspeechseenasanattempttodefuseanescalat