Page 14 - Us China Trade War

From tech bans to ending ties, US states have over 240 anti-China measures

State lawmakers across the US have introduced at least 240 anti-China proposals this year, aiming to ensure public funds don't buy Chinese technology or even T-shirts, coffee mugs and key chains for tourists. They're also targeting sister-city relationships between American and Chinese communities. After years celebrating trade ties with China, states don't want police to buy Chinese drones, government agencies to use Chinese apps, software or parts, or public pension systems to invest in Chinese companies. A new Kansas law covers artificial intelligence and medical equipment, while in Arkansas, the targets include sister-city ties and state and local contracts for promotional items. Tennessee now prohibits health insurance coverage for organ transplants performed in China or with organs from China. Either the United States or China is going to lead the world in the next few decades, Arkansas Gov Sarah Huckabee Sanders said after successfully pushing a wide-ranging Communist China

Bessent says China tariffs not sustainable as US willing to de-escalate

Bessent said the tariffs - 145 per cent on Chinese products and 125 per cent on US products - would have to come down before trade talks can proceed

Bessent says IMF, World Bank need reform, sees chance for China deal

Treasury Secretary Scott Bessent leveled harsh criticism at the operations of the World Bank and the International Monetary Fund on Wednesday even as he tried to reassure nervous investors that the United States would maintain its global leadership role. America first does not mean America alone, he said in a speech to the Institute of International Finance, where he also promised support for the multilateral banks' core missions. "To the contrary, it is a call for deeper collaboration and mutual respect among trade partners. Although Bessent said the IMF and the World Bank are falling short, he did not call for the US to withdraw from the institutions, as some conservatives had advocated in a Project 2025 proposal created by the Heritage Foundation. He said the institutions serve critical roles in the international system. And the Trump administration is eager to work with them so long as they can stay true to their missions. It was the latest example of how Bessent, a former hed

Powered by IT bounce, Sensex reclaims 80K mark for 1st time since Dec 2023

Gain for 7th straight session buoyed by a rally in beaten-down IT stocks

Chinese state funds pull back from US private equity amid trade war

Chinese sovereign wealth funds have invested billions into leading US firms such as Blackstone, Carlyle Group, TPG, Vista Equity Partners, and Thoma Bravo

Trump signals cutting China tariffs 'substantially' if trade deal reached

China hasn't officially responded to Trump's pledge to play "nice" but the media outlet Cailian called it "a sign that Trump is already softening stance on his signature tariff policies"

Why Asia may embrace Donald Trump's trade plan-if it cuts out China

Faced with Chinese overcapacity and unfair trade, several Asian economies are cautiously eyeing Trump's anti-China trade coalition-if the terms fit their industrial goals

Dollar jumps after Bessent predicts easing of US-China trade tensions

The US dollar index, which measures the greenback against six other major currencies, was up 0.6 per cent at 98.937, after sinking as low as 97.923 in the previous session

India's small steel mills pause job cuts after China import curbs

India, the world's second-biggest producer of crude steel, imposed a 12% temporary tariff, or provisional safeguard duty, on some steel imports for 200 days

Trump slams 'non-tariff cheating' in detailed 8-point Easter warning

The US President also revived a controversial claim first made in 2018 about Japan's 'bowling ball test' while warning of protective technical standards

Appeasing the US at the expense of Beijing won't be tolerated, warns China

China has strongly condemned any nation that reaches a trade deal with the Trump administration that may compromise Beijing as US-China trade war escalates

US-China trade war: Counting chickens in India's opportunity talk

Beneath the optimism lies a more sobering reality

Indian toy exporters see golden opportunity as US hikes tariff on China

India's toy exporters are aiming to utilise a "golden opportunity" emerging out of the steep tariffs imposed by the US on Chinese imports, and growing enquiries from American buyers eyeing alternative markets to reduce their reliance on Chinese goods. Toy Association of India has identified about 40 firms with the potential to export to the US market while meeting the compliance requirements. Currently, about 20 companies export toys in bulk to the American market, President Ajay Aggarwal told PTI. "We are getting more enquiries from US-based toy buyers in the last one month. Some Indian export houses have also got in touch with us seeking a list of the manufacturers who can make toy products as per US rules and regulations. They are looking for white labelling and original equipment manufacturers capable of meeting the compliance requirements of the American toy market," Aggarwal said. According to GMI Research, the United States' toy market size touched USD 42.8 billion in 2024 a

China's US envoy urges end to trade war, but warns Beijing ready to fight

Xie said tariffs would devastate the global economy and drew a parallel between the Great Depression

Reluctant to keep raising trade tariffs on China, says Donald Trump

Trump, speaking to reporters in the Oval Office on Thursday, said officials he believed represented the Chinese leader Xi Jinping had sought to start talks

'We're going to make a very good trade deal with China', says Trump

According to a White House fact sheet, China's retaliatory actions have resulted in up to a 245 per cent tariff on imports to the United States

Nvidia CEO highlights China market's role during Beijing trip amid US ban

China, with vast potential for investment and consumption, has always been fertile ground for investment and trade by foreign enterprises, He was quoted as saying by Xinhua

Xi Jinping pushes for 'Asian Family' unity amid US trade pressure

In another thinly-veiled swipe at the US, the Chinese leader reiterated his call to fight unilateralism in an article published Thursday in Cambodian media ahead of his arrival in the capital

China confirms ongoing tariff talks with US, calls for fair resolution

China on Thursday said it is in working-level communication with the US on the deadlock over their high-intensity tariff war but asserted that the person who tied the bell should untie it. The Chinese Commerce Ministry spokesperson He Yongqian was reacting to a jibe from US President Donald Trump, who was quoted as saying, The ball is in China's court, and China needs to make a deal with us. In response, the Chinese spokesperson quoted a proverb, saying, The person who tied the bell must be the one who unties it. Analysts here said talks between the two countries will be held at official levels before any dialogue between top leaders. In response to a question, spokesperson He told the media briefing here that the ministry has been always maintaining working-level communication with its US counterparts. While expressing Beijing's willingness for talks He, however said, We urge the US to immediately stop its maximum pressure tactics, coercion, and blackmail, and resolve differences

China stocks face risk of $800 billion US outflows, says Goldman Sachs

Currently around 7 per cent of market capitalisation of Chinese companies' American Depositary Receipts, or ADRs, are held by US institutions