Entries by Herb Cochran

Cat Lai seaport in danger of cargo congestion

Jan 13, 2019 Goods volume increase and scrap container stagnancy have posed a threat of cargo congestion at Cat Lai seaport in HCMC ahead of Tet Holiday. HCMC Customs Department  reported that the volume of goods through the port has been much higher than normal. Meantime, containers of scrap subject to import ban list are

Official Notice of increase to 25% tariffs on $200 billion of U.S. imports from China, effective May 10

In accordance with the direction of the President, the USTR has determined to modify  the action being taken in this Section 301 investigation  by increasing  the rate of additional duty from 10 percent to 25 percent, effective May 10, 2019,  for the products of China covered by the September 2018 action in this investigation..

China backtracked on almost all aspects of U.S. trade deal – sources

WASHINGTON/BEIJING (Reuters) – The diplomatic cable from Beijing arrived in Washington late on Friday night, May 3, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.

China Hardened Trade Stance as Negotiations Entered Final Phase

Chinese negotiators emboldened by mistaken perception U.S. was willing to compromise. The new hard line taken by China in trade talks—surprising the White House and threatening to derail negotiations—came after Beijing interpreted recent statements and actions by President Trump as a sign the U.S. was ready to make concessions, said people familiar with the thinking

EU supports U.S. viewpoint on Chinese subsidies

EU OFFICIAL: WTO ‘NO LONGER RELEVANT’ IF REFORMS FAIL: A top priority for the next European Commission will be pushing the United States and China on reforming the World Trade Organization so the body remains relevant, the Commission’s trade director-general said Tuesday.His  comments referred particularly to China, which he said must accept stricter multilateral rules

Trump to raise tariffs on imports from China as Beijing backpedals in talks, and China continues to meet

President Donald Trump heightened tensions in the U.S.-China trade war by vowing Sunday on Twitter to impose a 25 percent tariff on essentially all Chinese goods. On Friday, May 10, a 10% tariff on roughly $200 billion worth of Chinese goods will increase to 25%,  USTR Lighthizer said. In addition, a 25% tariff on all the

Buffett-owned footwear maker moves output from China to Vietnam

NEW YORK — Brooks Sports will move the bulk of its manufacturing operations from China to Vietnam as the trade talks between Washington and Beijing drag on with no certain conclusion, CEO Jim Weber said Friday. The shoes and sports apparel company, known as Brooks Running, is a unit of Warren Buffett’s Berkshire Hathaway. “Tariffs are muddying the water