China Us Trade

Ford CEO discusses China-US carmaking JV framework with Trump officials

The discussion took place days after President Donald Trump indicated that he'd be open to allowing Chinese automakers into the US if they built plants and hired Americans

Consumerism outweighs nationalism in China despite tensions with US, Japan

In China, consumerism appears to outweigh nationalism regardless of how testy relations have become in recent diplomatic spats with countries like Japan and the United States. It has been common practice for the ruling Communist Party to whip up nationalist sentiment and deploy propaganda condemning countries deemed to be violating China's stance on territorial issues as Taiwan and Tibet. At times, Beijing targets companies that make ideological missteps in their maps or advertising. In the past, friction with Japan and the United States has led to calls for mass boycotts, protests in the streets or even vandalism on embassies or restaurants. These days, pure nationalism appears not to resonate so much with Chinese consumers accustomed to making their own personal consumption choices. "Chinese consumers, especially urban middle-class and younger demographics, are not making everyday purchasing decisions based on nationalism," said Jacob Cooke, CEO of Beijing-based consultancy WPIC .

Trump, Xi discuss trade, Taiwan and Ukraine ahead of planned April summit

Trump cast the call as "excellent" and "long and thorough," adding that the two spoke about increasing Chinese purchases of US soybeans to 20 million tonnes for the current season

Trump admin pushes out official whose unit banned Chinese vehicles

The office, which falls under the department's Bureau of Industry and Security, also has not issued expected restrictions to address concerns about medium and heavy-duty truck imports

World leaders turn to China as Trump's tariffs reshape global diplomacy

With Xi, 72, traveling abroad less - he skipped the recent G-20 leaders' summit in South Africa, for example - the impetus is on foreign leaders to subscribe to his home-court diplomacy

Two more Chinese AI players prepare for IPOs, but the burn rate is high

Zhipu and MiniMax are planning Hong Kong IPOs as filings show high cash spending and US chip limits, with pressure to list early before US AI giants go public in 2026 and attract global investors

China announces sanctions on 20 US defence firms over Taiwan arms sales

China on Friday announced strong countermeasures against several US defence companies and senior executives in response to Washington's recent decision to approve large-scale arms sales to Taiwan, Global Times reported.The Chinese Foreign Ministry said it will impose sanctions on 20 US defence-related companies and 10 senior executives who have been involved in supplying weapons to Taiwan in recent years. The action has been taken under China's Anti-Foreign Sanctions Law and will come into effect immediately.According to the ministry, the targeted companies include Northrop Grumman Systems Corporation, L3Harris Maritime Services, Boeing in St. Louis, Gibbs & Cox, Advanced Acoustic Concepts, VSE Corporation, Sierra Technical Services, Red Cat Holdings, Teal Drones, ReconCraft, High Point Aerotechnologies, Epirus, Dedrone Holdings, Area-I, Blue Force Technologies, Dive Technologies, Vantor, Intelligent Epitaxy Technology, Rhombus Power and Lazarus Enterprises.Under the sanctions, .

China rejecting Nvidia's H200 chips, pushing for self-reliance: Sacks

Sacks' comments raise questions about whether Nvidia will be able to recover revenue from China, a data centre market it has removed entirely from its forecasts

China turns to domestic AI chips, looks to cut dependence on US firms

The Ministry of Industry and Information Technology added AI processors from Huawei and Cambricon to its government-approved list of suppliers

Trump proposing $12 bn aid for farmers hit hard by trade war with China

President Donald Trump is planning a USD 12 billion farm aid package, according to a White House official a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war. According to the official, who was granted anonymity to speak ahead of a planned announcement, Trump will unveil the plan Monday afternoon at a White House roundtable with Treasury Secretary Scott Bessent, Agriculture Secretary Brooke Rollins, lawmakers and farmers who raise cattle and grow corn, cotton, sorghum, soybeans, rice, wheat, and potatoes. Farmers have backed Trump politically, but his aggressive trade policies and frequently changing tariff rates have come under increasing scrutiny because of the impact on the agricultural sector and because of broader consumer worries. The aid is the administration's latest effort to defend Trump's economic stewardship and answer voter angst about rising costs even a

Trump allows Nvidia to ship H200 AI chips to China, aims to keep US ahead

The controlled sale of Nvidia's H200 chips to China will carry a 25% US charge, with Trump arguing that the plan safeguards innovation, supports workers and keeps America ahead in the global AI race

China's trade surplus hits record high, crosses $1 trn for first time

China's exports were up 5.9 per cent from last year, higher than expected, while imports rose only 1.9 per cent, creating a monthly surplus of $112 billion

China's exports grow 5.9% in November despite 29% drop in US shipments

China's exports returned to growth in November following an unexpected contraction the month before, although shipments to the United States dropped nearly 29% from a year earlier in an eighth straight month of double-digit declines. Overall exports from China were 5.9% higher than last year in November in dollar terms, customs data released on Monday showed, at $330.3 billion, better than economists' estimates. That was an improvement from a 1.1% contraction in October. While exports from China to the US have fallen for most of the year, shipments have surged to other destinations, including Southeast Asia, Africa and Latin America. China's imports increased 1.9% in November, better than October's 1% growth, even though a persistent downturn in the property sector is still weighing on consumer spending and business investment. A year-long trade truce between China and the US was reached at a meeting between US President Donald Trump and Chinese leader Xi Jinping in late October in

US wants stable trade with China instead of conflict, says Jamieson Greer

Greer claimed that the US trade deficit with China was down "about 25 per cent" since President Donald Trump came to office, a move in the "right direction" for a team seeking to balance flow of goods

Investors unlikely to make much money in India next year: Marc Faber

Investors should diversify, as we don't know what the world will look like in five years. Markets valuations are sky-high, but the economic reality for ordinary people is not good, Faber said.

Firms seek manufacturing alternatives in Vietnam, India amid US-China rift

A trade truce between the United States and China has calmed nerves, but it won't stop the broader movement of companies to countries like Vietnam

China announces curbs on chemicals after Trump deal on fentanyl tariffs

China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President Donald Trump during recent talks with Chinese leader Xi Jinping as they aimed to take steps to ease a trade war. Beijing announced new export restrictions on 13 drug-making chemicals to the United States, Canada and Mexico, including those that are used to produce the synthetic opioid blamed for tens of thousands of overdose deaths in the U.S. every year. After meeting Xi in South Korea last month, Trump said China would help end the fentanyl crisis and he would ease a related tariff from 20 per cent to 10 per cent. It shows the back-and-forth nature of U.S.-Chinese cooperation on fentanyl over the years and lessens the recent tensions after Trump launched his campaign of tariffs, including those against the country that is the top exporter of pharmaceutical ingredients, such as the chemicals used to make fentanyl. What the Trump administration ha

US, China suspend mutual shipping probes as trade talks ease tensions

The suspensions remove some costs and uncertainty for an industry that had been facing fees to deliver goods to the US

China bans foreign AI chips in state-funded data centres amid US tensions

Under the new directive, China has ordered data centres that are less than 30 per cent complete to remove foreign chips and scrap any plans to buy them