Page 6 - China Us Trade

Trump tariffs fear makes Japan walk delicate tightrope between US, China

Just as Japan's top trade negotiator travelled to Washington for another round of tariff talks last week, a bipartisan delegation bearing the name of Japan-China Friendship wrapped up a visit to Beijing. A week earlier, the head of the junior party in Japan's ruling coalition was in Beijing delivering a letter from Japanese Prime Minister Shigeru Ishiba addressed to Chinese President Xi Jinping. Details of the letter are unknown, but the two sides discussed US tariffs in addition to bilateral issues. Among all US allies being wooed by Beijing in its tariff stare-down with Washington, Japan stands out. It is a peculiar case not only for its staunch commitment to its alliance with the United States but also for its complicated and uneasy history with the neighbouring Asian giant particularly the war history from the 20th century that still casts a shadow over the politics of today. On one hand, they are neighbours and they are important economic partners. There's a lot that connects

Is it a good time to buy stocks? Chris Wood of Jefferies answers

With US stocks trading at nearly 19.2x forward earnings, global investors, Wood suggested, should continue to reduce positions in favour of Europe, China and India

Evaluating trade talks with US, says China hinting at possible thaw

China's Commerce Ministry said in a Friday statement that it had noted senior US officials repeatedly expressing their willingness to talk to Beijing about tariffs

China's export orders dip in April as Trump's tariffs begin to bite

Higher tariffs on US imports of products from China appear to be taking a toll on the world's second-largest economy, according to monthly surveys of Chinese factory managers released Wednesday. The official survey by the China Federation of Logistics and Purchasing shows export orders slowed in April, with Beijing and Washington in a standoff after US President Donald Trump ordered combined tariffs of up to 145 per cent on Chinese goods. China has imposed duties of up to 125 per cent on US products, with some exemptions. It has also ordered other retaliation, such as tighter restrictions on exports of some strategically important minerals used for high-tech products such as electric vehicles. The official manufacturing purchasing managers index fell to a 16-month low of 49.0 from 50.5 in March. That's on a scale where 50 marks the break between expansion and contraction. A private survey by the financial information group Caixin fell to 50.4 from 51.2. The sharp drop in the PMIs .

Trump's tariffs cloud economy as US firms scale back shipments from China

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president's massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks. And the higher costs and paralysing uncertainty could exact an economic toll: US consumers are in the biggest funk since COVID-19 hit five years ago, and economists say recession risks are climbing. An early sign of the damage is expected to emerge on Wednesday when the Commerce Department releases its first look at first-quarter economic growth. The economy is forecast to have expanded at an annual pace of just 0.8 per cent from January through March, according to a survey of economists by the data firm FactSet. That would be the slowest quarter of growth in nearly three years and would be down from a healthy 2.4 per cent in the last three

Politburo to shed light on Xi Jinping's strategy for trade war stimulus

The Politburo, the ruling Communist Party's 24-member decision-making body led by President Xi Jinping, is expected to assess the economy's outlook at a gathering by the end of this month

China denies trade talks with US, contradicts Trump's tariff war claims

China has reiterated that Beijing is open to dialogue with the United States, however, negotiations must be equal, respectful, and reciprocal

From tech bans to ending ties, US states have over 240 anti-China measures

State lawmakers across the US have introduced at least 240 anti-China proposals this year, aiming to ensure public funds don't buy Chinese technology or even T-shirts, coffee mugs and key chains for tourists. They're also targeting sister-city relationships between American and Chinese communities. After years celebrating trade ties with China, states don't want police to buy Chinese drones, government agencies to use Chinese apps, software or parts, or public pension systems to invest in Chinese companies. A new Kansas law covers artificial intelligence and medical equipment, while in Arkansas, the targets include sister-city ties and state and local contracts for promotional items. Tennessee now prohibits health insurance coverage for organ transplants performed in China or with organs from China. Either the United States or China is going to lead the world in the next few decades, Arkansas Gov Sarah Huckabee Sanders said after successfully pushing a wide-ranging Communist China

Global laptop brands tap India as China risk grows, PLI gains traction

India's ₹17,000-crore PLI scheme is making global laptop brands like Asus, HP and MSI to shift production from China to India, boosting domestic manufacturing and ecosystem development

Appeasing the US at the expense of Beijing won't be tolerated, warns China

China has strongly condemned any nation that reaches a trade deal with the Trump administration that may compromise Beijing as US-China trade war escalates

China confirms ongoing tariff talks with US, calls for fair resolution

China on Thursday said it is in working-level communication with the US on the deadlock over their high-intensity tariff war but asserted that the person who tied the bell should untie it. The Chinese Commerce Ministry spokesperson He Yongqian was reacting to a jibe from US President Donald Trump, who was quoted as saying, The ball is in China's court, and China needs to make a deal with us. In response, the Chinese spokesperson quoted a proverb, saying, The person who tied the bell must be the one who unties it. Analysts here said talks between the two countries will be held at official levels before any dialogue between top leaders. In response to a question, spokesperson He told the media briefing here that the ministry has been always maintaining working-level communication with its US counterparts. While expressing Beijing's willingness for talks He, however said, We urge the US to immediately stop its maximum pressure tactics, coercion, and blackmail, and resolve differences

China faces up to a 245% tariff on imports to the US, says White House

US President Trump signs executive order to investigate into the national security risks associated with imported critical minerals

China halts deliveries of Boeing jets as trade war with US escalates

In retaliation to US' 145% tariff, China has slapped a 125% per cent levy on US imports - effectively doubling the price of Boeing jets

China won't talk if US doesn't show respect, says former top official

China and the US have spent the past two weeks locked in an escalating trade war, with both sides piling on new tariffs and raising barriers to trade

Shein, Reliance renegotiate partnership as China-US trade tensions grow

Chinese authorities have stepped in to retain domestic manufacturing as the Trump administration looks to encourage business to shift the US

Xi Jinping calls for stronger China-Vietnam industrial ties amid trade war

Chinese President Xi Jinping has embarked on his first international trip to meet with leaders in Vietnam, Malaysia, and Cambodia amid US trade war

Xi heads to Southeast Asia to rally support amid Trump's tariff offensive

As Trump intensifies tariffs on Chinese goods, Xi Jinping will visit Vietnam, Malaysia and Cambodia next week to strengthen regional alliances and counter US pressure

'Storms can't overturn sea': Xi Jinping's speech resurfaces amid trade war

A 2018 speech by Chinese President Xi Jinping goes viral as US and China implement tit-for-tat tariffs on one another

How far will Trump's tariffs go? A timeline of US-China trade war

US-China trade war: 20, 54, 104, 125 per cent tariffs, company backlisting, antitrust probes, lawsuits, and more

China reaches out to others for support against US as Trump adds tariffs

China is reaching out to other nations as the US layers on more tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat. Days into the effort, it's meeting only partial success from countries unwilling to ally with the main target of President Donald Trump's trade war. Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favorable conditions. China has refused to seek talks, saying the US was insincere and that it will fight to the end in a tariff war, prompting Trump to further jack up the tax rate on Chinese imports to 125%. China has retaliated with tariffs on US goods of 84%, which took effect Thursday. Trump's move was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China. China has thus far focused on Europe, with a phone call