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China Foregoes Special WTO Treatment Advancing Fair Trade Why in the News ? China announced it will no longer seek special and differential treatment in future World Trade Organization (WTO) negotiations, signaling its commitment to a more balanced global trading system, welcomed by the WTO chief as a historic step toward fair trade. This decision …
Read MoreUS-China Agree to Temporary Tariff Truce Deal Why in the News ? The US and China have agreed to a 90-day pause in their trade war following talks in Geneva, temporarily reducing tariffs and non-tariff barriers. This truce comes amid economic strain and growing fears of recession and stagflation. Background of the Tariff War: Trade …
Read MoreWhy in News ? Amid escalating US-China tensions, there was speculation that China might devalue the yuan. However, economists believe China will use other economic tools, such as fiscal and monetary policies, to mitigate the impact of US tariffs without resorting to drastic devaluation. Speculation on Yuan Devaluation: The ongoing economic conflict between China and …
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