By Reuters  April 6, 2018 | 08:18 am GMT+7 Members of border security forces stand in front of a docking cargo ship at Qingdao port in Shandong province, China March 8, 2018. Photo by China Daily via Reuters The tariffs have stirred fears that the two countries will spiral into a trade war that will crush global growth. President Donald Trump said on Thursday he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, fueling an already heated trade dispute between the world’s two biggest economies. Trump said in a statement the further tariffs were being considered “in light of China’s unfair retaliation” against earlier U.S. trade actions that included $50 billion of tariffs on Chinese goods. He added that the U.S. Trade Representative had determined that China “has repeatedly engaged in practices to unfairly obtain America’s intellectual property.” U.S. stock index futures … [Read more...] about Trump proposes $100 billion more in new tariffs on China
Exporting new cars to china
Indonesia tries to jump-start car exports to Vietnam
The Indonesian government is planning to change the vehicle type approval (VTA) certificates it issues in an effort to reopen automotive exports to Vietnam. "With the VTA adjustment, Indonesian automotive exports are expected to return to the country," the Jakarta Post quoted Indonesian Trade Ministry international trade director general Oke Nuwan as saying. “The government will convey the change in the VTA certificate to the Vietnamese government to get an immediate response. Hopefully, there will soon be automotive exports to Vietnam,” said Oke. A new regulation issued by Vietnam designed to protect its own developing automotive industry forced Indonesia to stop exports of completely built-up (CBU) vehicles to the country this month, according to the Jakarta Post. The new regulation stipulates that traders are only permitted to import automobiles if they can provide valid vehicle registration certificates issued by authorities from the countries of origin. … [Read more...] about Indonesia tries to jump-start car exports to Vietnam
Auto imports drop following government’s new decree
Only 337 cars of all kinds were shipped to the country, according to data of the General Department of Customs. Of the imports, there were only 17 passenger cars with nine seats or less, amounting to 567,000 USD. Notably, no cars were imported from Indonesia and India. Photo for illustration only In 2017, Indonesia was among the top countries after Thailand with the highest number of exported cars to Vietnam. India too had a relatively large number of exported vehicles in 2016. However, in January this year, both the countries did not export any car to Vietnam. Meanwhile, Thailand lost its recognition as the largest import car market in Vietnam, with only 36 vehicles exported to the country since the beginning of the year. Among the automobile export markets to Vietnam in January 2018, Russia suddenly rose to the top, with 159 vehicles being exported, worth 274 billion VND (12.03 million USD), equivalent to 1.7 billion VND each. Under a deal on autos signed between … [Read more...] about Auto imports drop following government’s new decree
Chrysler seeks new alliances in China, India, Russia
A year after divorcing from Mercedes Benz, Chrysler LLC is actively seeking new - but more limited - alliances with a number of other automakers, a senior executive said Wednesday. The US automaker has entered partnership talks with automakers in Russia, China and India and has also been approached by Italy's Fiat, Chrysler vice-chairman and president Tom LaSorda said. The Chrysler logo. A year after divorcing from Mercedes Benz, Chrysler LLC is actively seeking new - but more limited - alliances with a number of other automakers, a senior executive said Wednesday. … [Read more...] about Chrysler seeks new alliances in China, India, Russia
ACFTA paves the way for Chinese cars to penetrate Vietnamese market
Experts have warned that the Vietnam’s automobile industry would be threatened as automobile manufacturers would become traders once the low import tariffs under the ASEAN-China Free Trade Agreement (ACFTA) become effective from 2015. ACFTA, which took effect on January 1, 20arial10, is considered the tool that paves the way for Chinese cars and car parts to penetrate into the South East Asian market. Under the agreement, since 2010, China and six ASEAN countries, including Thailand, Malaysia, Indonesia, the Philippines, Singapore and Brunei would impose the import tariffs of 0.1-0.6 percent on cars and car parts. Meanwhile, Vietnam, Myanmar, Laos and Cambodia would begin applying the tariffs from 2015. Experts believe that in general, Chinese cars would find it uneasy to penetrate the Vietnamese market, because Vietnamese people favor the products with well- known brands. Chinese Haima, Geely and Lifan brands have been trying to conquer the Vietnamese market. Most recently, … [Read more...] about ACFTA paves the way for Chinese cars to penetrate Vietnamese market