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GENEVA (Reuters) – U.S. trade restrictions have hit a total of $369 billion of Chinese exports this year, much higher than the $278 billion of goods impacted by tariffs alone, a regular monitoring report of G20 trade restrictions said on Thursday. The Global Trade Alert report, produced by Simon Evenett and Johannes Fritz at the University of St Gallen in Switzerland, said most media reports of U.S designer cufflinks online uk online. President Donald Trump’s trade policies focused on $278 billion of tariff increases. “However, this year has also seen $47 billion of Chinese good shipments to the United States targeted by other U.S. trade distortions. Furthermore, over $43 billion of Chinese exports have been caught up in other U.S. trade distortions that affect multiple countries,” the report said..
“In fact a total of $369 billion of Chinese exports have faced new US trade distortions this year. Once the full range of U.S. trade distortions is taken into account, a third more Chinese exports are implicated in this year’s trade war.”. At the same time, Chinese tariff retaliation affected $87.5 billion of U.S. goods exports this year. Taking into account both sides, the scale of the trade war is 20 percent larger than commonly reported, the report said designer cufflinks online uk online. Global Trade Alert has cataloged global trade policies since 2009 to gauge trends in protectionism, following a pledge by the G20 group of countries in November 2008 not to resort to trade protectionism as a response to the financial crisis..
In 2017, 70 percent of Chinese exports to the United States and U.S designer cufflinks online uk online. exports to China faced some kind of trade barrier. Following this year’s escalation, 87 percent of Chinese exports and 92 percent of U.S. exports are affected. But still, the tension between Washington and Beijing accounted for only a small proportion of the total new trade restrictions imposed by G20 countries this year. “Trade hit by tariff hikes on Sino-U.S. commerce amounts to just 22 percent of global trade hit this year by import distortions,” the report said..
BERLIN (Reuters) – Germany’s antitrust authority has launched an investigation into whether U.S designer cufflinks online uk online. ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace. The move comes as European regulators have been taking a tough line on U.S. tech giants like Google and Facebook, with the European Commission also looking into Amazon’s dual role as retailer and marketplace. Germany’s Federal Cartel Office said in a statement on Thursday that it had received many complaints from traders about the business practices of Amazon of late..
“Amazon acts as a kind of ‘gatekeeper’ to customers. The double role as biggest trader and biggest marketplace means there is a potential to impede other traders on the platform,” said cartel office President Andreas Mundt. Mundt said the investigation would examine the business conditions that Amazon imposes on traders using its site, including a lack of transparency over how it ends relations with merchants, delayed payments and shipping conditions. An Amazon spokesman declined to comment on the proceedings beyond saying it was cooperating fully and would continue to work to support the growth of small and medium-sized businesses designer cufflinks online uk online.