China removes 125% tariff on US ethane import
China has removed a 125% tariff on ethane imported from the United States. This tariff was put in place earlier this month but has now been dropped for a group of products that received special exemptions. This decision is expected to help Chinese companies that use US ethane in making chemicals. It also helps the […]
Tariff war could cut US-China goods trade by 80% – WTO Chief Okonjo-Iweala
The head of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has warned that the trade war between the United States and China could cut goods trade between the two countries by 80%. She said this could also hurt the rest of the world’s economy. “The escalating trade tensions between the United States and China pose […]