The Trump administration imposed a third round of tariffs on Chinese goods, covering roughly $200 billion of imports from China. China retaliated with $60 billion of tariffs. We tell you if this is likely to be a prolonged battle and what US companies need to consider now.
On a recent trip to Vietnam, US Trade Representative Robert Lighthizer announced that the US won't change its decision to pull out of the Trans-Pacific Partnership. Meanwhile, the remaining 11 TPP nations met to discuss the fate of the trade agreement.
Last week, Australia and China unveiled a joint statement on cybersecurity. The agreement is a reminder that, in the words of Australian prime minister Malcolm Turnbull, “the need for an open, free and secure internet goes far beyond economics.”