Page 9 - China Us Trade

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

China's industrial overcapacity has significant spillovers globally: US

China's industrial manufacturing overcapacity has significant spillovers around the world, the Joe Biden administration said on Wednesday, noting that addressing these challenges may warrant taking defensive action to protect firms and workers -- and the traditional toolkit of trade actions may not be sufficient. "We are growing concerned that China's enduring macroeconomic imbalances and non-market policies and practices pose a significant risk to workers and businesses in the United States and the rest of the world. We are worried that these features of China's economy can lead to industrial overcapacity that has significant spillovers around the world and can compromise our collective supply chain resilience, given the resulting over-concentration in some manufacturing sectors," Under Secretary for International Affairs Jay Shambaugh said. The United States, along with its allies and partners in developing economies and advanced economies alike, share mutual objectives to address

Taiwan to produce new kamikaze drones to repel potential Chinese invasion

The upgraded versions are expected to be produced in small batches and included in the regular annual budget

China Prez Xi Jinping to attend SCO summit from July 2 to 6 in Kazakhstan

The SCO summit will take place from July 3-4 in Astana, the capital city of Kazakhstan

Chinese Premier Qiang, Oz PM Albanese agree to resolve differences amicably

Chinese Premier Li Qiang, Australian Prime Minister Anthony Albanese and senior ministers of both administrations met at Parliament House on Monday to discuss thorny issues, including lingering trade barriers, conflict between their militaries in international waters and China's desire to invest in critical minerals. Li, China's most senior leader after President Xi Jinping, arrived in the South Australian state capital of Adelaide on Saturday and the national capital of Canberra late Sunday in the first visit to the country by a Chinese premier in seven years. Li planned to underscore China's interest in buying a bigger stake in Australia's critical minerals sector, which is essential to the global transition to renewable energy sources, by visiting a Chinese-controlled lithium processing plant in Western Australia state Tuesday. Li visited New Zealand before Australia and is scheduled to stop in Malaysia before returning to China. Bilateral relations have improved markedly since

China accuses US of causing friction by supporting Taiwan, Philippines

China's defence minister on Sunday acknowledged the importance of newly renewed military-to-military communications with the United States as tensions escalate in the Asia-Pacific, while at the same time accusing Washington of causing the friction with its support for Taiwan and the Philippines. We will not allow anyone to bring geopolitical conflicts or any war, whether hot or cold, into our region," Chinese Defence Minister Dong Jun told the Shangri-La defence forum in Singapore through a translator. We will not allow any country or any force to create conflict and chaos in our region, he added. China has been increasingly assertive in pressing its claim to virtually the entire South China Sea, a key global shipping route, which has led to a growing number of conflicts, most notably with the Philippines, whose ships have been rammed by Chinese vessels and hit with water cannons. Dong insisted that China's strategic culture is anchored in universal love and non-aggression", before

Shangri-La dialogue to begin today, China-US theme to dominate discussion

The annual gathering in Singapore has become an increasingly influential forum for the world's top defence and security policy types, particularly as concerns over China's military actions

US Defence Secy Austin to meet Chinese counterpart to discuss thorny issues

US President Joe Biden and Chinese President Xi Jinping have sought to manage tensions, and in November the two leaders agreed to resume direct military talks

Yellen wants G7 'wall of opposition' to China's excess industrial capacity

Yellen said that if G7 ministers can agree on concept for bringing forward the earnings on the frozen Russian assets, they will spend time before G7 summit in Puglia in mid-June on refining details

China sanctions Boeing, 2 other US defence firms for Taiwan arms sales

Lai Ching-te, Taiwan's new president, has vowed to strengthen Taiwan's security through imports of advanced fighters and other technology and strengthening its domestic defence industry

JPMorgan CEO Jamie Dimon favors full engagement with China: Report

China vowed retaliation, with its commerce ministry saying that Beijing was opposed to the tariff hikes and would take steps to defend its interests