Space Industry and Business News  
TRADE WARS
Virus outbreak to delay Chinese purchase of US goods: Trump aide
by Staff Writers
Washington (AFP) Feb 4, 2020

The new coronavirus outbreak in China will delay Beijing's plans to purchase goods from the United States under the terms of a trade deal, a top US trade official said Tuesday.

The US and China agreed in January to a deal that ended their trade war, with Beijing agreeing to buy an additional $200 billion in American goods over the next two years, including agricultural and manufacturing products.

But the virus -- which has killed more than 400 people, spread worldwide and disrupted business in China -- has thrown a wrench into the works.

In an interview with Fox Business Network, White House economic advisor Larry Kudlow acknowledged that the outbreak may delay the deal's implementation.

"The export boom from that trade deal will take longer because of the Chinese virus, that is true," he said.

However, Kudlow said he expected "minimal impact" from the virus on the US economy.

"The world is not in Wuhan," he said, referring to the Chinese city where the outbreak began.

The trade tensions between the US and China fueled a global growth slowdown in 2019, and concerns are rising that the outbreak could continue to hamper economic growth this year.


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
China exempts US imports from tariffs for virus fight
Beijing (AFP) Feb 1, 2020
Beijing announced Saturday that US imports that can be used in China's fight against a deadly new virus will be exempted from retaliatory tariffs imposed in the trade war. The decision comes as China is scrambling to contain the spread of the virus which has overwhelmed hospitals and caused shortages of medical supplies in the worst affected city, Wuhan. The US and China have been engaged in a bruising trade conflict for around two years, although both sides came to a ceasefire last month with B ... 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
UNH researchers find clues to how hazardous space radiation begins

Can wood construction transform cities from carbon source to carbon vault

Sustainable 3D-printed super magnets

"Breakthrough" 3D-printed rocket engine tests completed in Fife, Scotland

TRADE WARS
NASA's Laser Communications Relay Demonstration Mission Leaves Goddard Space Flight Center

Protecting wideband RF systems in congested electromagnetic environments

General Dynamics receives $730M for next-gen satcom system

Airbus' marks 50 years in Skynet secure satellite communications for UK

TRADE WARS
TRADE WARS
Space Force decommissions 26-year-old GPS satellite to make way for GPS 3 constellation

Using artificial intelligence to enrich digital maps

Galileo now replying to SOS messages worldwide

China's international journal Satellite Navigation launched

TRADE WARS
Boeing, Navy fly two unmanned EA-18G Growlers in test mission

Chinese tourism, the main engine of global travel

Lockheed Martin receives $2.3B deal for helicopter parts maintenance

Boeing lands $84.1M deal to integrate ADCP II boxes into F-15 platform

TRADE WARS
A quantum of solid

Coupled quantum dots may offer a new way to store quantum information

NRL researchers' golden touch enhances quantum technology

Dutch tech firm caught in US-China row

TRADE WARS
January 2020 warmest on record: EU climate service

The fingerprints of paddy rice in atmospheric methane concentration dynamics

Another reason to reduce man-made ozone: To cool a warming planet

Artificial intelligence to rebuild Iraq via second phase of the UNOSAT challenge

TRADE WARS
UD study maps areas of high Microplastic concentrations in the Delaware Bay

'Open bar' for rats as Paris pension strikes hit waste collection

Uruguayan project uses virtual money to encourage plastic recycling

How your clothes become microfibre pollution in the sea









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.