Page 9 - China Us Trade

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

China state media dismiss Trump's tariff threat, focus on fentanyl

Trump is threatening Beijing with far higher tariffs than the 7.5 per cent-25 per cent levied on Chinese goods during his first term

Willing to talk with US to push forward bilateral trade, says China

China is also willing to 'expand areas of cooperation and manage differences' with the US, vice commerce minister Wang Shouwen said

China 'ready to work' with Trump administration: Xi tells President Biden

Xi further emphasised maintaining a 'stable, healthy and sustainable' China-US relationship

US Prez Biden, China's Xi to meet in Peru on Nov 16, discuss bilateral ties

Outgoing US President Joe Biden will meet his Chinese counterpart Xi Jinping in Peru on Saturday on the sidelines of an international summit, during which the two leaders expect to review the bilateral relations, the White House said Wednesday. "We expect the president will use the opportunity to take stock of efforts to responsibly manage competition over the last four years, how the two countries have advanced areas of shared interest, and, even amidst deep differences and intense competition, have worked to do so," a senior administration official said. The two leaders are scheduled to meet on November 16 at Lima, the capital of Peru, on the sidelines of the Asia-Pacific Economic Cooperation Summit. The meeting would come just over two months before Donald Trump's return to the White House. This will be their third in-person meeting since Biden entered office. They previously met in Bali, in 2022, on the margins of the G20, and at Woodside, California in 2023, on the margins of .

Apple may double iPhone production in India amid US-China tariff threats

Apple could increase iPhone production in India to over $30 billion annually, creating 200,000 jobs, if US tariffs on Chinese imports push the company to shift more manufacturing

Oil prices fall as Blinken visits Israel, China's weak demand weighs

US Secretary of State Antony Blinken arrived in Israel on Tuesday, the first stop on a Middle East tour in which he will seek to revive talks to end the Gaza war and defuse the spillover conflict

India plays key geopolitical role from American standpoint: USISPF

India plays a pivotal role geopolitically from an American perspective and offers US companies the opportunity to de-risk from China in the manufacturing sector, the head of a top India-centric American business and strategic advocacy group has said. The economic growth story of India is tremendous. India is among very few large economies which are growing seven to eight per cent, Mukesh Aghi, the President and CEO of the US-India Strategic and Partnership Forum (USISPF), said on Wednesday. From an American perspective, India plays a "pivotal role" geopolitically, he said. "India is one economy which is providing market opportunity, especially to US companies that come in and invest and gain market share. It is an economy which is providing de-risking from China itself in the manufacturing area, Aghi told PTI in an interview. What we are seeing is the Indian economy is not just becoming a market opportunity, it's becoming an opportunity for manufacturing. ..But more important is we

Trump slams China trade practices, gets 'God Bless US' Bibles printed there

Thousands of copies of Donald Trump's 'God Bless the USA' Bible were printed in a country that the former president has repeatedly accused of stealing American jobs and engaging in unfair trade practices China. Global trade records reviewed by The Associated Press show a printing company in China's eastern city of Hangzhou shipped close to 1,20,000 of the Bibles to the United States between early February and late March. The estimated value of the three separate shipments was USD 3,42,000, or less than USD 3 per Bible, according to databases that use customs data to track exports and imports. The minimum price for the Trump-backed Bible is USD 59.99, putting the potential sales revenue at about USD 7 million. The Trump Bible's connection to China, which has not been previously reported, reveals a deep divide between the former president's harsh anti-China rhetoric and his rush to cash in while campaigning. The Trump campaign did not respond to emails and calls seeking comment. Tr

China, US to hold talks in near future on economic, trade issues: Reports

The tariffs were imposed after a review by the Office of the US Trade Representative of levies that had been previously introduced by former US President Donald Trump

US-China research has given Beijing's military tech boost, says House GOP

Partnerships between the US and China at universities over the past decade have allowed hundreds of millions of dollars in federal funding to aid Beijing in developing critical technology that could be used for military purposes, congressional Republicans asserted in a new report. The report said US tax dollars have contributed to China's technological advancement and military modernization when American researchers worked with their Chinese peers in areas such as hypersonic weapons, artificial intelligence, nuclear technology and semiconductor technology. The report, released Monday by Republicans on the House Select Committee on the Chinese Communist Party and the House Education and Workforce Committee, raised concerns over the national security risks of collaborations between researchers from the two countries that were once celebrated. It urged stronger safeguards and more robust enforcement. The committees conducted a yearlong investigation as lawmakers and their policy advise

US-China military leaders hold routine talks, discuss ongoing issues

Military leaders from the US and China met in Beijing for routine talks that only resumed in January after being suspended for two years as ties between the two countries soured. The meetings ended on Sunday and officials discussed ongoing issues such as Taiwan, the Russia-Ukraine war and clashes in the South China Sea. Michael Chase, deputy assistant secretary of defence for China, Taiwan and Mongolia led a delegation to engage in the bilateral Defence Policy Coordination Talks, which were last held in January. While the talks weren't expected to resolve long-standing differences in stances over issues ranging from South China Sea claims to Taiwan, the US has continued to push for the discussions as a way to avoid conflict. The meetings were held after Chase attended the Xiangshan forum in Beijing, a defence forum that is China's answer to the Shangri-La Dialogue. Communication between the two militaries broke off in 2021, as US-China tensions ratcheted up over widening difference

India likely to beat China to be largest two-wheeler nation in CY24

The projections are based on both electric as well as ICE-powered two-wheelers

Chinese officials warn US business delegation of higher tariffs risks

Chinese officials warned a delegation of top US executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country. The delegation of influential business people belonging to the US China Business Council, including the CEOs of FedEx and Micron, followed a top-level meeting last week where ruling Communist Party leaders endorsed a blueprint for policies that included numerous pledges to improve the business environment for foreign investors. But they also vowed greater vigilance in protecting state secrets, a potential minefield for foreign businesses that face intense scrutiny of their China operations by authorities. Both the US and China have cited national security concerns in imposing restrictions on trade and investment, and American businesses have at times been caught in the middle. Beijing has objected strenuously to Washington's moves to hike tariffs on Chinese-made products and limit Chinese access to advanced ...

China's economy grows slower than expected on weak demand, job insecurity

The government is aiming for economic growth of around 5.0% for 2024, a target that many analysts believe is ambitious and may require more stimulus