Page 12 - Us China Trade War

Trump hints at major trade deal with 'big, highly respected nation' today

The news conference, according to Indian time, will take place at 7:30 pm today. However, Donald Trump has not specified the country to which he was referring

No plans to lower China's 145% tariffs to boost trade talks, says Trump

China said the US requested the upcoming trade talks, but remained firmly opposed to Trump's tariff hikes as Washington refuses to reduce duties ahead of negotiations

Who is He Lifeng, the Chinese official leading high-stakes US trade talks?

He Lifeng, China's Vice Premier and close ally of Xi Jinping, is set to lead crucial trade talks with the US in Switzerland amid rising tensions, as both sides face escalating tariffs

'Arranged at the request of the US': China on high-level trade talks

US-China trade war: Beijing urges respectful dialogue ahead of high-level trade talks with Washington in Switzerland

Top Trump officials to meet with Chinese counterparts amid trade war

Top US officials are set to meet with a high-level Chinese delegation this weekend in Switzerland, the administration announced Tuesday, in the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports. Treasury Secretary Scott Bessent and trade representative Jamieson Greer will meet with their counterparts in Geneva in the most-senior known conversations between the two countries in months. It comes amid growing US market worry over the impact of the tariffs on the prices and supply of consumer goods. Trump had claimed previously that the US and China were holding negotiations on lowering tariffs, which Beijing has denied, saying Trump must first lower his stiff tariffs. Bessent earlier Tuesday testified to a House committee that the US and China have not engaged in negotiations but as early as this week, the US will be announcing trade deals with some of the US' largest trading partners. The Chinese Commerce Ministry

Dollar under pressure as fading trade hopes boost rise of Asian currencies

The dollar was last down 0.5% on the Japanese yen at 142.99, and also lost ground versus European currencies with the euro and pound both up 0.2% at $1.1341 and $1.3328 respectively

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

Chinese exporters turn to 'origin washing' to dodge steep Trump tariffs

Chinese exporters are using repackaging, mislabeling, and rerouting tactics to avoid steep Trump-era tariffs, raising alarm across Asian trade hubs and customs agencies

'I set the deal': Trump says trade agreements may come as soon as this week

While Trump did not name countries, he suggested trade deals may be finalised within weeks as talks progress with several nations including India amid tariff tensions and slowdown fears

Indian refiners target cheaper US LPG imports with help from China tariffs

Advent of US LPG will enhance India's security of supply

US slams China's unfair trade practices as 28 textile plants shut down

In 2024, the United States imported $79.3 billion worth of apparel, with 21 per cent of that coming from China

High US tariffs on China can boost India's manufacturing, says CEA

Global disruptions have created opportunities for emerging nations like India, and US tariffs on China could drive manufacturing shift to India due to lower duties, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Saturday. While there are worries about the first, second, and third round effects of the tariffs in terms of external demand to start with and the overall uncertainty and therefore implications for capital formation etc, there are some favourable outcomes also, he said at an event organised by Ashoka University here. One of the positive impacts of the uncertain global environment is a reduction in crude oil prices which are now available around USD 60 per barrel. It is a windfall from India as it lowers input cost and also provides fiscal space, he said. "China plus one, which was a different dimension earlier, now acquires a much higher sense of urgency for many other companies located inside China. So in some sense, you can call it a second wind (in favour of .

Singapore votes amid US-China trade tensions, ruling PAP seeks re-election

A total of 2,758,846 registered Singaporean voters are heading into polling booths for the 19 General Election 2025 (GE2025) to elect the next government which is set to face strong global headwinds caused by trade tariffs announced by the United States, the biggest trading partner of the Southeast Asian city-state. Voting began at 8 am on Saturday at 1,240 stations set up island-wide, with polling polling booths set to be be closed at 8 pm and results expected late at night. Prime Minister Lawrence Wong, completing nearly a year in office, is seeking a fresh mandate for the ruling People's Action Party (PAP), which has governed the city-state since independence and steered its development into a global financial hub. Singapore is in the cross road between US and China trade war, a diplomatic source said, adding that the trade focused island has strong diplomatic and economic relations with both the giant economies, a fall off from which will affect its future progress. Multination

As Trump closes China shipping loophole, prices to rise for US consumers

Trump last month signed an executive order closing a loophole that has allowed items from China and Hong Kong valued at no more than $800 to enter the US without customs declarations and import duties

Apple renews fears about tariffs, China with disappointing quarterly report

Apple expects $900 million in higher costs from tariffs in the current period, Chief Executive Officer Tim Cook said during a conference call

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

Kids may get 2 dolls in US, but China will suffer from trade war: Trump

Donald Trump, through his remarks, has tried to reassure Americans that the tariffs will not result in a recession

Trump claims China will 'eat' tariffs, reducing impact on US consumers

Trump said he did not believe hard times were ahead for US consumers, while acknowledging that his 145% tariffs on many Chinese goods amounted to a near-embargo

ArcelorMittal warns of trade disruption despite strong quarterly profit

ArcelorMittal shipped about 13.6 million tons of steel in the first quarter, slightly up from the year-ago period

Hoping to regain investor trust, China enacts its first private sector law

China's Private Economy Promotion Law aims to level the playing field for private firms, protect against unfair treatment, and revive business confidence amid US trade tensions