Page 23 - Us China Trade War

Trump tariffs, reforms target loophole used by Chinese online retailers

Under the de minimis exemption, products below that amount are able to enter the US without tariffs, boon for China's e-commerce retailers who ship often cheaper wares directly to consumers in the US

China vows unspecified measures to counter US tariffs, threatens WTO action

China "firmly opposes" the levy and will file proceedings to the World Trade Organization, a spokesperson from the Ministry of Commerce said in a statement

Former Fed employee arrested for leaking US trade secrets to China: US DoJ

US Department of Justice stated that on February 4, 2020, in response to questioning by the FRB-OIG, Rogers lied about his accessing and passage of sensitive information and his associations

India, China have most tariffs, no inflation: US commerce secy nominee

Two countries India and China have the most tariffs but no inflation, an American businessman nominated by US President Donald Trump to be his commerce secretary told lawmakers on Thursday, making a point that there is no relationship between tariffs and inflation. The two top countries with tariffs, India and China, have the most tariffs and no inflation, it is just nonsense that tariffs cause inflation. It is nonsense, Howard William Lutnick, former head of Cantor Fitzgerald, told members of the Senate Commerce, Science, and Transportation Committee during his confirmation hearing. He assured senators that the economy of the United States of America will be much, much better. A particular product's price may go up, but all of them, this is not inflationary, he asserted. Responding to questions, Lutnick said the United States is treated horribly by the global trading environment. They all have higher tariffs, non-tariff trade barriers and subsidies. They treat us poorly. We need

China's rising power demand hinders climate goals as coal usage increases

But that hasn't happened so far, in large part because the nation's energy demand is growing unprecedentedly fast, requiring ever more coal to be burned. Electricity use grew 6.8 per cent last year

China warns Rubio to act prudently in first call since his appointment

China's veteran foreign minister has issued a veiled warning to America's new secretary of state: Behave yourself. Foreign Minister Wang Yi conveyed the message in a phone call Friday, their first conversation since Marco Rubio's confirmation as President Donald Trump's top diplomat four days earlier. I hope you will act accordingly, Wang told Rubio, according to a Foreign Ministry statement, employing a Chinese phrase typically used by a teacher or a boss warning a student or employee to behave and be responsible for their actions. The short phrase seemed aimed at Rubio's vocal criticism of China and its human rights record when he was a US senator, which prompted the Chinese government to put sanctions on him twice in 2020. It can be translated in various ways in the past, the Foreign Ministry has used make the right choice and be very prudent about what they say or do rather than act accordingly. The vagueness allows the phrase to express an expectation and deliver a veiled ..

US Prez Donald Trump flexes tariff threat as 'big power' over China

The president had praise for Kim, saying the North Korean leader "happens to be a smart guy" and isn't a "religious zealot" like the leaders of Iran. Trump said he plans to reach out to Kim

Just want level playing field: Trump condemns unfair trade ties with China

US President Donald Trump also criticised the Biden administration for allowing the trade deficit with China to go 'out of hand'

Weighing 10% tariff threat on China, says Trump a day after taking office

Trump during his campaign pledged sweeping tariffs against other nations, including levies of 60 per cent on Chinese products

China is hopeful, but on edge as Trump returns to the White House

In recent months, he has said he would add tariffs of at least 10 per cent on top of what is already imposed on Chinese goods, a move that would hurt China at a time when its economy is struggling

Donald Trump 2.0 presidency: What it means for stocks, H1-B visa, bitcoin

Here's how leading brokerages have interpreted Donald Trump's latest statements, and what his presidency could mean for trade tariffs, markets, crypto, H1-B immigration visa and other asset classes

TikTok restores services in US, thanks president-elect Donald Trump

TikTok stopped working for U.S. users late on Saturday before a law shutting it down on national security grounds took effect on Sunday

China faces Trump's return just as its reliance on exports increases

China's record trade surplus of nearly $1 trillion last year was equivalent to more than 5 per cent of its gross domestic product, the highest level since 2015

Bessent criticises China's economic practices, proposes sanctions on Iran

During the Senate confirmation hearings, Bessent called China an 'unbalanced economy,' and described the nation as being in a 'severe recession'

China's ministry launches probe into US chip subsidies, alleged dumping

The Commerce Ministry didn't name any company, but several US firms including Texas Instruments Inc. and Analog Devices Inc. rank among the leaders in lower-end products such as power and analog chip

US bans imports from 37 Chinese firms over forced labour practices

The firms include mining giant Zijin Mining Group, and solar companies such as a subsidiary of JA Solar Technology Co., according to a statement from the Department of Homeland Security

US importers rush in goods from China as Trump's tariff threat looms

Trump, who has threatened to slap tariffs of 10 per cent to 60 per cent on goods from China, takes office on January 20

US bans imports from 37 Chinese companies for human rights abuses in Uyghur

The US has banned Huafu Fashion Co, a leading global textile manufacturer, and 25 of its subsidiaries, alleging their involvement in forced labour practices within China's cotton industry

Biden administration imposes new China curbs with AI order, smart car ban

The executive order on data centers would "accelerate the speed at which we build the next generation of AI infrastructure here in America, in a way that enhances economic competitiveness

Users flock to Chinese apps like Xiaohongshu amid TikTok ban risk

Familiar to Chinese who use the service not just as a repository for travel and pet videos but also a live online marketplace, its rise in the US took many in the industry by surprise