Page 8 - China Us Trade

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

China protests US sanctions for its alleged role in hacking incidents

China has slammed a decision by the US Treasury to sanction a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical US infrastructure, while the Chinese cyber security agency complained Monday of attacks on Chinese networks. Asked about the sanctions against Beijing-based Integrity Technology Group, Chinese Foreign Ministry spokesperson Guo Jiakun said the country has cracked down on cyber attacks and that Washington was using the issue to defame and smear China. For some time now, the US side has been playing up so-called Chinese cyber attacks and has even initiated illegal unilateral sanctions against China, Guo said. China firmly opposes this and will take necessary measures to safeguard its legitimate rights and interests. Integrity Technology Group said the move by Washington had no factual basis. The company firmly opposes the U.S. Treasury Department's unwarranted accusations and Illegal unilateral sanctions on the company,

9th telecom firm hit by massive Chinese espionage campaign: White House

A ninth US telecom firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official has said. Biden administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But deputy national security adviser Anne Neuberger told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China's hacking sophistication. The hackers compromised the networks of telecommunications companies to

US lawmakers demand to scrap China science agreement renewal deal for 5 yrs

Extension comes despite repeated requests from Congress to either suspend the agreement or implement stronger safeguards to protect US national security, human rights, and intellectual property

Mexico, Canada, Asean gained more from US-China trade war than India: GTRI

Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. It said that India has to strengthen its local supply chains and produce critical intermediates to reduce reliance on China, while improving cost efficiency and ease of doing business to enhance competitiveness of domestic industries and increase exports to the US. With Donald Trump again becoming the US President, the evolving trade landscape offers huge opportunities for the Indian industry as he is now planning new tariffs targeting Mexico, Canada, China, and others. The US-China trade war, initiated in 2018 under President Trump with tariffs targeting key sectors, has significantly reshaped global trade flows but failed to achieve its primary goals. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a

Trump's trade adviser warns against China's attempt to manipulate currency

Peter Navarro, Trump's new senior counselor for trade and manufacturing, said White House would not interfere with the Treasury's review to see foreign trade partners are not manipulating currencies

China regulators tell banks to speed up offshore listings to boost economy

The closed-door meetings and their details, which have not been reported previously, mark a strategic change for China after it framed rules for offshore fundraisings in March 2023, tightening

US lawmakers raise concerns in new export rules on China's chip access

They criticised the introduction of the 'License Exception Restricted Fabrication Facility,' a list-based approach which they argued would be ineffective in protecting US national security

China's industries warn US chips no longer safe amid rising trade tensions

China and the US have targeted each other's economies in the last few days, escalating tensions even before U.S. President-elect Donald Trump returns to the White House in January

US commerce dept expands list of Chinese firms subject to export controls

The US Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called entity list are nearly all based in China. But some are Chinese-owned businesses in Japan, South Korea and Singapore. The revised rules were posted Monday on the website of the U.S. Federal Register for publication later this week. They also limit exports of high-bandwidth memory chips to China. Such chips are needed to process massive amounts of data in advanced applications such as artificial intelligence. China's Commerce Ministry protested and said it would act to protect its rights and interests, without giving any details. This is a typical act of economic coercion and non-market practice, the ministry said in a statement. Commerce Secretary Gina Raimondo said the move was intended to impair China's ability to use advanced ..

China's state media praises some US firms amid fears of new trade war

The China Daily also noted that Morgan Stanley received regulatory approval in March to expand its China operations, citing this as evidence of foreign financial firms' enthusiasm for investing