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Preserving U.S.-China phase-one trade agreement would bring stability for the commercial relationship, a U.S. business leader said Wednesday, urging the Joe Biden administration to fully implement the deal.   "While it doesn't address every issue in the commercial relationship, the U.S.-China phase-one agreement made important progress on longstanding trade barriers," U.S.-China Business Council (USCBC) President Craig Allen told reporters at a virtual press conference Wednesday afternoon.   "I would say that the best options for the Biden administration would be simply to preserve and full...

Date Time Australian wine exports slow due to China tariffs Australian wine exports slowed in the 12 months to December 2020, decreasing by 1 per cent in value to $2.89 billion, as Chinese tariffs* took their toll on exports to that market, according to Wine Australia’s latest Export Report released today. There was a 0.5 per cent increase in volume to 747 million litres (83 million 9-litre case equivalents) and a 1 per cent decline in average price to $3.87 per litre free on board (FOB). Wine Australia Chief Executive Officer Andreas Clark said that despite the COVID-19 pandemic, exports h...

Stimulate exports which you mention. obviously by weakening the currency, it makes those exports cheaper, as well as much more competitive. so this is something that perhaps china wants. an export report came out last week that showed exports were down 8%. there's no denying. the weakening of the currency has rippled across the global markets. everyone has taken a hit. markets today perhaps stabilizing somewhat. it also reflects the sharp reaction towards the devaluation that perhaps everyone is not so trusting of the economic data coming out of china. officials there saying they want growth u...