Page 26 - Us China Trade War

India's missed trade opportunities as others gain from US-China tensions

India has not been able to attract a notably greater share of global FDI. Some of this is due to political resistance to stronger ties with China, some of it is held back by structural barriers

India's attempts fail against rivals as US diverts trade from China: Study

India also hasn't been able to attract a greater portion of global foreign direct investment, even as FDI flows to China plummet, the Oxford Economics study said

Iran's missile strikes offer lessons for US in countering China's threats

The picture is much different in the Indo-Pacific region for the US and its allies, which use the Lockheed Martin and Raytheon Patriot, THAAD and sea-based Aegis systems for missile defence

US concerned about China's risky sea actions, Blinken warns ASEAN

US Secretary of State Antony Blinken told Southeast Asian leaders Friday that the US is concerned about China's increasingly dangerous and unlawful activities in the disputed South China Sea during an annual summit meeting, and pledged the US will continue to uphold freedom of navigation in the vital sea trade route. The 10-member Association of Southeast Asian Nations' meeting with Blinken followed a series of violent confrontations at sea between China and ASEAN members Philippines and Vietnam, which have fueled concerns that China's increasingly assertive actions in the waterways could spiral into a full-scale conflict. China, which claims almost the entire sea, has overlapping claims with ASEAN members Vietnam, the Philippines, Malaysia and Brunei, as well as Taiwan. About a third of global trade transits through the sea, which is also rich in fishing stocks, gas and oil. Beijing has refused to recognize a 2016 international arbitration ruling by a U.N.-affiliated court in the .

Escalation in US-China trade war may help India to increase exports: GTRI

The escalation in the US-China trade war is expected to help India increase its exports and attract investments from American companies, think tank GTRI said on Friday. He said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed. The 'Neither Permanent Nor Normal Trade Relations Act' (PNTR Act) and the 'Axing Non-Market Tariff Evasion Act' (ANTE Act) aim to counter China's trade practices by raising tariffs and imposing new trade barriers. The PNTR Act seeks to phase out China's favourable trade status, while the ANTE Act targets non-market economies like China and Russia with tougher measures, the Global Trade Research Initiative (GTRI) said. "While these bills aim to protect US industries, they also create opportunities for countries like India to grow their manufacturing sectors. "As US companies look for alternatives to China, India could see increased investment in electronics, textiles, and .

US bans new type of goods from China over allegations of forced labour

The Department of Homeland Security announced Wednesday that it would ban the import of goods from a Chinese steel manufacturer and a Chinese maker of artificial sweetener, accusing both of being involved in the use of forced labour from China's far-west region of Xinjiang. The action broadens the scope of the US effort to counter products from entering the country that the government says are tied to human rights abuses. The additions to the entity list under the Uyghur Forced Labour Prevention Act marks the first time a China-based steel company or aspartame sweetener business have been targeted by US law enforcement, DHS said. Today's actions reaffirm our commitment to eliminating forced labour from US supply chains and upholding our values of human rights for all, said Robert Silvers, undersecretary of Homeland Security for policy. No sector is off-limits. We will continue to identify entities across industries and hold accountable those who seek to profit from exploitation and

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 companies in China see record-low profits amid geopolitical tensions

American companies in China are seeing record-low profits, with business confidence at an all-time low amid US-China tensions and a slowing Chinese economy, according to a report published Thursday by a US business group. Out of 306 companies polled, a record-low 66 per cent were profitable in 2023, according to the China business report published by the American Chamber of Commerce in Shanghai. The report also found that only 47 per cent of respondents were optimistic about their business outlook in China over the next five years, the lowest in the survey's history of more than two decades. Beijing and Washington have been at odds in recent years over issues like trade and manufacturing, as well as China's claims over the South China Sea. China is also grappling with a slowing domestic economy, with lackluster consumer demand and deflationary pressures persisting even post-Covid. The geopolitical tensions between both countries was the top challenge to businesses' operations in .

World looking at more sharpened contestation between US, China: Jaishankar

India would be willing to work with like-minded partners on specific agenda and its role in the Quad is an example of such an approach, External Affairs Minister S Jaishankar said on Saturday, while calling for reformed multilateralism. In a virtual address at the FPCI Global Town hall, Jaishankar, delving into major geopolitical developments, said the world is looking at a more "sharpened contestation" between the US and China on a range of areas. He underlined that even as the world looks "complicated", India's desire and determination to ensure its stability and contribute to its prosperity is only getting stronger. The Quad, comprising India, the US, Australia and Japan, has emerged as a key coalition focusing on working towards ensuring a free, open and rules-based Indo-Pacific against the backdrop of China's growing muscle-flexing in the region. In the context of key directions and developments in international relations over the last few decades, the external affairs ministe

IBM to revoke ops from China amid tussle between Washington-Beijing: Report

The current shift in IBM's business structure is reportedly due to the rising tensions between China and the US along with an ongoing decline in the Chinese economy

US NSA Sullivan meets Xi Jinping as wide-ranging China-US talks near end

As the pair sat down in the Great Hall of the People, Xi told Sullivan Beijing was committed to a stable relationship with Washington

President Xi urges top US official to adopt 'rational' China policy

Sullivan reaffirmed President Joe Biden's commitment to prevent competition "from veering into conflict or confrontation," adding that the two nations should aim to work together

Jake Sullivan, China officials to hold discussions on Taiwan, military

US also wants China to take more action at home to prevent the development of chemicals that can be made into fentanyl

Southeast Asia's solar industry boom threatened by US-China trade tensions

Chinese firms that set up factories there over the last decade are now being accused of skirting US import levies on their home market

US Justice Dept sues TikTok, accusing it of illegally collecting kids' data

The Justice Department sued TikTok on Friday, accusing the company of violating children's online privacy law and running afoul of a settlement it had reached with another federal agency. The complaint, filed together with the Federal Trade Commission in a California federal court, comes as the US and the prominent social media company are embroiled in yet another legal battle that will determine if or how TikTok will continue to operate in the country. The latest lawsuit focuses on allegations that TikTok, a trend-setting platform popular among young users, and its China-based parent company ByteDance violated a federal law that requires kid-oriented apps and websites to get parental consent before collecting personal information of children under 13. It also says the companies failed to honour requests from parents who wanted their children's accounts deleted, and chose not to delete accounts even when the firms knew they belonged to kids under 13. This action is necessary to ..

China is past in terms of investments in Pakistan, US is future: Official

Days of China investing in Pakistan is now a thing of the past, a senior administration official has told the lawmakers noting that the United States is the future. China is the past in terms of investments in Pakistan, we are the future, Assistant Secretary of State for South and Central Asia Donald Lu told lawmakers during a Congressional hearing on Tuesday. Lu was responding to questions from the Congressmen, who expressed concerns over the Chinese investment in Pakistan and other countries in South and Central Asia, including Sri Lanka and Maldives. I would argue the Chinese plan is to have a military base in every country and every infrastructure project is made with high interest Chinese loans and low paid Chinese workers. We just see this model all throughout the region, he said. The Chinese bring in their own workers. They don't actually train local workers to do their enterprises. They extract minerals, literally take gold and copper from the ground and just ship it back f

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 ...

Apple, Micron leaders pay visit to China as US mulls stricter tech curbs

The executives on Monday joined a US business delegation meeting Vice-Premier He Lifeng and Foreign Minister Wang Yi

Asian shares fall as investors ponder US-China equation post Trump win

Markets have now fully priced in a quarter-point rate cut from the Fed in September, with a total easing of 68 basis points expected by the end of the year

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