Shipping containers at the Port of Los Angeles in January. Photo: Reuters

Americans, not Chinese, paying for Donald Trump’s tariffs, study by New York Fed shows

  • Prices charged by Chinese firms have barely budged, suggesting US companies and consumers are absorbing about US$40 billion in annual costs
  • However, China’s share of US imports of machinery, electrical equipment and electronics has fallen
Topic |   US-China trade war

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Shipping containers at the Port of Los Angeles in January. Photo: Reuters
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Chinese President Xi Jinping meets his French counterpart, Emmanuel Macron, in Beijing earlier this month. Photo: Reuters

China ready to turn its attention to Europe in 2020, as US trade deal gets closer

  • After a year of intense focus on its relations with Washington, Beijing is preparing for a renewal of its ties with the EU
  • A series of engagements are planned with Brussels next year, starting with a bilateral summit in April
Topic |   China-EU relations

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Chinese President Xi Jinping meets his French counterpart, Emmanuel Macron, in Beijing earlier this month. Photo: Reuters
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