There may be a silver lining for South Africa’s economy from the escalating US-China trade row. With tensions bubbling in the Middle East and oil supplies from Venezuela and Iran falling sharply, the Washington/Beijing stand-off is the one thing keeping a lid on crude prices. If it weren’t for this simmering trade war, South Africans would probably be set to pay even more at the pumps.
On the other hand, tit-for-tat tariff hikes should provide at least some opportunities for exporters around the world. If American farm products, for example, are suddenly denied access to the Chinese market, farmers elsewhere can rush to fill the hole. The same goes for Chinese manufactured goods heading for the Walmart shelves of America. There is already evidence that Vietnam, for one, has benefited from this state of affairs.
Why do you call negotiations a trade war?
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Business Maverick: U.S. Readies New Tariffs as Trump Says He’ll Meet China’s XiThe U.S. prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Trump Warns China to Act on U.S. Trade Deal or Face Worse TermsPresident Donald Trump said it would be wise for China to “act now” to finish a trade deal with the U.S., warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
BUSINESS MAVERICK: A gift is a gift, says Glencore on $1.4bn DRC debt write-off — but US Dept of Justice is watching the mining giantHow thin is the line between a gift and bribe? Glencore CEO Ivan Glasenberg describes a $1.4bn debt write-off as a ‘gift’ to the Congolese government. It’s the cost of doing business in a ‘poor’ country where governments are desperate for cash, he says.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: First day of U.S.-China trade talks end; Trump’s tariff hike set to take effectTop U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »