Page 8 - China Us Trade

China accuses US of protectionism, economic bullying with new tariffs

China on Monday accused the US of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to take concrete actions to resolve the tariffs. Putting America First over international rules harms the stability of global production and the supply chain and seriously impacts the world's economic recovery, Foreign Affairs spokesperson Lin Jian told reporters. Last week, Trump put an additional 34% tariff on Chinese goods as part of Liberation Day, coming on top of two rounds of 10% tariffs already declared in February and March, which Trump said was due to Beijing's role in the fentanyl crisis. China and other governments retaliated quickly. China announced its own 34% tariff rate on US goods, mirroring Trump's tariff rate for China. On Monday, Beijing struck a note of confidence even as markets in Hong Kong and Shanghai tumbled. The People's Daily, the Communist Party's official mouthpiece, had strong words.

Trump tariffs: China appeals for calm, readies economic resilience plans

Signals resilience as it counters US tariffs with plans to boost domestic demand through stimulus measures, including possible interest rate cuts, amid ongoing trade tensions

Stock market trading guide, Apr 7: Nikkei hits lower limit, US tariff woes

As of 6:36 AM, GIFT Nifty futures were down 1,006 points, at 21,952, compared to the previous close of Nifty futures at 22,958.15, signaling a gap-down start for Indian markets

Trump's tariffs seen as far worse shock to China than first trade war

The trade standoff may wallop the economy just as its performance was steading in the beginning of 2025, with little sign of damage from tariff increases so far

Tariffs a catalyst for world trade to unite against the US: Ambareesh Baliga

The silver lining amid all this is the fact that the reciprocal tariffs on India are lower than the other economies like China at 34 per cent and Vietnam at 46 per cent, Baliga said

China urges US to immediately lift tariffs, vows retaliation amid trade war

Trump on Wednesday announced China would be hit with a 34 per cent tariff, on top of the 20 per cent he previously imposed earlier this year, bringing the total new levies to 54 per cent

Stocks plunge as Trump imposes reciprocal tariffs, shaking global markets

The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30 per cent, bringing the total new levy to an eye-watering 54 per cent on imports

Billion-dollar US tariffs on Chinese ships risk 'trade apocalypse'

Clarksons estimates 83% of container ship visits to the US last year faced fines under proposed rules, along with two-thirds of car carriers and nearly a third of crude tankers

China prepared for bigger shocks as fresh tariffs from Trump approach

Countries should open up markets in the face of growing economic fragmentation, Li told a gathering of global business leaders

US senator Steve Daines visits Beijing amid growing tariff dispute

US Senator Steve Daines is visiting Beijing as the US and China swap tariff threats and harsh words over each others' handling of the illegal trade in fentanyl. Daines, a strong supporter of President Donald Trump, is in the country for three days of meetings starting Friday, the American Embassy reported. Daines previously worked as an executive for US companies in China and served as a go-between during Trumps' first term in office when tariffs were also a major issue. Daines' schedule hasn't been made public, but an official has said off the record that he is expected to meet with a deputy Chinese foreign minister. That would make him the most senior US representative to meet with a Chinese official since Trump took office. Trump is expected to speak with President Xi Jinping either by phone or in a face-to-face meeting. US-China tensions have spiked as the US imposed 20% duties on Chinese goods, drawing retaliatory tariffs of 15% on US farm goods from China this past week. The

China uses food as high-impact, low-cost weapon in trade war against US

Agricultural tariffs, which run from 10 per cent to 15 per cent on an expansive list of items including grains, proteins, cotton, and fresh produce, follow initial action on energy and minerals

China adapted to Trump's trade war, changed strategy when new tariffs came

The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China's president appears unlikely to make a similar call soon. Beijing, which unlike America's close partners and neighbours has been locked in a trade and tech war with the US for years, is taking a different approach to Trump in his second term, making it clear that any negotiations should be conducted on equal footing. China's leaders say they are open to talks, but they also made preparations for the higher US tariffs, which have risen 20 per cent since Trump took office seven weeks ago. Intent on not being caught off guard as they were during Trump's first term, the Chinese were ready with retaliatory measures imposing their own taxes this past week on key US farm imports and more. As Washington escalates the tariff, Beijing doesn't see other options but to retaliate, said Sun Yun, director of the China programme

China's premier, US president: Two speeches and differing world visions

Their words came just an hour apart this week two major speeches by two of the world's most powerful leaders, delivered on opposite sides of the planet. Together, they illustrate the very different approaches the world's 21st-century powers are taking to achieve their respective national ambitions. For China, it was a call for unity to overcome obstacles through innovation and opening up a time-honoured phrase in Chinese politics to eventually accomplish national rejuvenation. It came from Chinese Premier Li Qiang in Beijing as he delivered an annual work report to the National People's Congress, nearly 3,000 representatives from a nation of 1.4 billion people. Seven thousand miles away and an hour later, at 9 p.m. in Washington, President Donald Trump addressed both chambers of the U.S. Congress, more than 500 lawmakers representing a nation of 340 million, as he vowed to levy tariffs on imports and defeat inflation to "make America great again" an equally resonant phrase for ..

China targets US agri, food products in response to Trump tariff threats

Trade tensions escalate amid US Tariffs on China, Canada, and Mexico, which are set to take effect on March 4

US Secretary of State accuses China of flooding state with Fentanyl

Rubio expressed his belief that China "could halt" the flow of precursors immediately but opted not to, as cited in the RFA report

China's trade tariffs could direct US crude exports lower in 2025

The US has grown into the world's third-largest exporter behind Saudi Arabia and Russia since it lifted a 40-year federal ban on exports of domestic oil in 2015

Tiktok China owner appears to be slow-rolling negotiations for sale: Report

China is likely to take a hard-line approach, letting TikTok's US operations die rather than approving a sale, as it holds out for a "grand deal" with Trump's administration

US Postal Service to resume China parcel deliveries amid tariff changes

Some other international couriers including FedEx and SF Express, China's largest express delivery company, said they will continue to send packages to the United States

US lawmakers introduce bill to repeal China's preferential trade status

China is the US's largest trading partner, with bilateral trade hitting a record $690.6 billion in 2022

Chinese cos race to launch products Bridgewater-style, eyeing Trump return

The highly sought-after Bridgewater onshore China strategy eclipsed most rival hedge fund products last year with an eye-popping 37% return