Space Industry and Business News  
TRADE WARS
US claims China meeting trade deal targets
by Staff Writers
Washington (AFP) Oct 23, 2020

The US Trade Representative and Department of Agriculture on Friday said China had made progress towards meeting key parts of the "phase one" deal signed earlier this year to calm their trade war.

Washington and Beijing engaged in a months-long trade war starting in 2018 until the deal reached in January marking a partial truce, which obligated Beijing to import an additional $200 billion in American products over two years, ranging from cars and machinery to oil and farm products.

Data earlier in the year showed those purchases lagging amid a global slowdown in trade as the coronavirus pandemic hit the global economy and US President Donald Trump blamed China for the virus.

In its statement, the government said China had already bought 71 percent of its target for agricultural purchases under the deal, amounting to $23 billion.

"Since the agreement entered into force eight months ago, we have seen remarkable improvements in our agricultural trade relationship with China, which will benefit our farmers and ranchers for years to come," US Trade Representative Robert Lighthizer said.

The statement said corn sales had hit a record high of 8.7 million tons, soybean sales for the 2021 market year were double the levels of 2017, pork exports hit a record level in the first five months of the year and beef sales through August are triple those of 2017.

The government also expects record or near-record sales in pet food, alfalfa hay, pecans, peanuts and prepared foods.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Goldman Sachs fined US$350 million in Hong Kong over 1MDB
Hong Kong (AFP) Oct 22, 2020
Global financial titan Goldman Sachs was fined US$350 million by Hong Kong's securities watchdog on Thursday for its role in the massive 1MDB Malaysian bribery scandal, the latest in a growing list of global punishments the firm faces. Goldman Sachs Asia - the Hong Kong-based compliance and control hub of the company - showed "serious lapses and deficiencies in its management supervisory, risk, compliance and anti-money laundering controls", Hong Kong's Securities and Futures Commission said. ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Making two-dimensional quantum materials using curved surfaces

FEFU scientists helped design a new type of ceramics for laser applications

UCI materials scientists discover design secrets of nearly indestructible insect

Scientists discover unusual materials properties at ultrahigh pressure

TRADE WARS
WGS-11+ Satellite Completes Preliminary Design Review

Defense Dept. awards $600M in contracts for 5G testing at five bases

Isotropic Systems and SES GS to trail next-gen multi-beam antenna technologies for US forces

Swedish Space Corporation to cease assisting Chinese companies operate satellites

TRADE WARS
TRADE WARS
China's self-developed BDS sees thriving applications

GPS-enabled decoy eggs may help track, catch sea turtle egg traffickers

Fourth GPS 3 Satellite Encapsulated Ahead of Launch

Government to explore new ways of delivering 'sat nav' for the UK

TRADE WARS
Cathay Pacific to cut workforce by nearly a quarter

Cathay Pacific to cut thousands of jobs, close subsidiary airline

Wake Island Airfield undergoes $87M upgrade; Ceremony marks end of Marines' 'Tomcats'

Fairchild, Shaw and Ellsworth AFBs make productivity gains

TRADE WARS
Optical wiring for large quantum computers

Intel shares tumble as pandemic hits results

Material found in house paint may spur technology revolution

SK Hynix in $9 bn deal for Intel's flash memory chip business

TRADE WARS
ICEYE shares nearly 18,000 satellite image archive under Creative Commons License

Serco Europe launches space research incubator in Italy

Two US satellites fail to enter orbit due to abnormal situation: Reports

Nanohmics to test ultra-compact hyperspectral imager on the ISS

TRADE WARS
Pioneering LADAR system aims to revolutionize marine plastic detection

Bottle-fed babies ingest 'millions' of microplastics: study

Ancient trash heaps in Israel show waste management changes among settlements

Pandemic caused 'unprecedented' emissions drop: study









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.