China

China EEUU choque 1

US and China reveal some details of trade agreement, which will implement Geneva consensus

Link Securities | The financial news website CNBC reported that the United States and China confirmed on Friday the details of the trade agreement reached by both parties earlier this month in London, which will implement the Geneva consensus, according to a statement issued by the Chinese Ministry of Commerce. China will review and approve export applications for products subject to export control regulations, while the United States will cancel…


china eeuu dolar yuan

Pending ratification by China, US to levy 55% tariff on Chinese imports and China 10% on American imports

Bankinter: Principle of a trade agreement between the US and China. Trump announced yesterday an agreement whereby China will supply the US with minerals and rare earths in exchange for allowing its students access to American universities. The US will levy a 55% tariff on imports from China (current 25% + 10% base rate + 20% for fentanyl trade) and China will apply a 10% tariff on US imports. The…


china materias primas

China wants to establish “green channel” for “rare earth” export licence applications for EU companies

Link Securities | As reported by financial portal CNMB, China’s Ministry of Commerce on Saturday declared its readiness to establish a so-called “green channel” for eligible “rare earth” export licence applications to speed up the approval process for European Union (EU) companies. A Commerce Ministry spokesperson said Wang expressed hope that the EU would take reciprocal measures to promote trade in compliant high-tech products with China. The development follows trade…


China EEUU choque 1

China’s exports to US fall 34.4%, lowest level since February 2020

Bankinter: China’s Trade Balance widened its surplus in May, to $103.22 billion versus an estimated $101.1 billion and $96.18 billion previously. Bankinter analysis team’s view: The CPI has contracted for the fourth consecutive month and reflects the weakening of consumption. In the industrial sector the situation is even more complicated. Industrial Prices have remained negative since October 2022. On the other hand, the Trade Balance shows an increase of the…


China EEUU choque 1

US and China suspend most tariffs on each other’s products for 90 days

Link Securities | According to the Wall Street Journal, the United States and China announced that they had agreed to suspend most tariffs on each other’s products for a period of 90 days while trade negotiations continue. The United States announced that it would reduce its ‘reciprocal’ tariff on Chinese products from 145% to 30%. China announced that it would reduce its tariff on US products from 125% to 10%….


china aranceles

Chinese shipping companies resume purchasing space for US-bound goods after cancellations due to tariffs

Link Securities | According to Reuters, shipping agencies based in China have resumed purchasing container space for goods bound for the US after a series of cancellations imposed by US tariffs, as both governments prepare to begin trade negotiations. In this regard, the agency notes that trade between the world’s two largest economies has plummeted since US President Donald Trump imposed tariffs of 145% on Chinese-made products on 10 April,…


import export

China becomes Spain’s top supplier

In the first two months of the year, the Spanish trade deficit has soared to €9,612 million, of which €6,079 million correspond to the deficit with China. China has become Spain’s top supplier, ahead of Germany, after its exports to Spain grew by 22.9% to €8,002 million. In February, Spanish goods exports grew at an annual rate of 0.4% and at a month-on-month rate of 7.4%. Meanwhile, imports in February…


china aranceles

Trump’s tariffs provoke provision of China’s trading partners and raise trade surplus in March

Bankinter| The Trade Balance shows an increase in the surplus in March to $102.64 billion from $31.72 billion previously and $75.15 billion estimated. This evolution is due to the acceleration of Exports (up 12.4% from -3.0% previously and +4.6% estimated) and the contraction of Imports (down 4.3% from +1.5% previously and -2.1% previously). Analysis team opinion: More solid data than estimated. However, it is a one-off improvement. Uncertainty over the…


China EEUU choque 1

China strikes back: 34% tariff on all imports from US

BancaMarch | China has already responded forcefully, with a 34% tariff on all imports from the US, to be applied from 10 April. In addition, it has introduced restrictions on the export of certain rare earths to the US. Other countries have not yet stated their response. Within the European Union (EU), member states such as France and Germany are taking a belligerent stance, while Italy is considering working towards…


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Sánchez travels to China amid tariff war with US

The President of the Government, Pedro Sánchez, begins an official trip to Vietnam and China this week with a strong commercial focus, aiming to increase sales of Spanish companies in these countries amidst the tariff war initiated by U.S. President Donald Trump. The goal of the trip is to balance trade relations with both countries—currently, they sell much more to Spain than they buy—and it takes on special ignificance in…