Chinese sovereign wealth funds have invested billions into leading US firms such as Blackstone, Carlyle Group, TPG, Vista Equity Partners, and Thoma Bravo
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"
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
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, 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
The US President also revived a controversial claim first made in 2018 about Japan's 'bowling ball test' while warning of protective technical standards
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
Beneath the optimism lies a more sobering reality
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
Xie said tariffs would devastate the global economy and drew a parallel between the Great Depression
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
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
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
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 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
Currently around 7 per cent of market capitalisation of Chinese companies' American Depositary Receipts, or ADRs, are held by US institutions
Xi emphasised solidarity in a speech at a state dinner in Malaysia as the Trump administration prepares to seek trade partners' cooperation in encircling Beijing
Washington issued new export licensing requirements for sales to China of Nvidia's H20 and AMD's MI308 artificial intelligence chips
The Treasury Department imposed sanctions Wednesday on a Chinese refinery accused of purchasing more than USD 1 billion worth of Iranian oil, saying the proceeds help finance both Tehran's government and Iran's support for militant groups. The sanctioned refinery in China's Shandong province received dozens of shipments of crude oil from Iran worth more than USD 1 billion, the Trump administration said. Some of the petroleum came from a front company for Iran's paramilitary Revolutionary Guard, U.S. authorities said. Officials also announced that several companies and vessels involved in the shipments were added to the sanctions list. The new penalties were imposed by the Office of Foreign Assets Control and follow earlier efforts by the administration to disrupt the flow of Iranian oil, which authorities say is carried by Iran's shadow fleet." The United States has already penalized dozens of individuals and vessels involved in the shipments. Any refinery, company, or broker that
US President Trump signs executive order to investigate into the national security risks associated with imported critical minerals