Page 27 - Us China Trade War

Are Americans ready for the US-China trade war?

Despite what many in the US may think, economic decoupling is not a viable option

China will face consequences for helping Russia against Ukraine: Biden

US President Joe Biden on Thursday said China will face consequences for helping Russia in its war against Ukraine and noted that some of the European countries are going to curtail their investment in the eastasian country. The issue is that we have to make sure that Xi Jinping understands there's a price to pay for undercutting both the Pacific Basin as well as Europe and as relates to Russia and dealing with Ukraine, Biden told reporters at a press conference here. So for example, if you want to invest in China, you have to have a 51-per cent Chinese owner. You have to make sure that you do by their rules, and provide all access to all the data and information you have, he sad. There was a while there, as you recall, the last administration and the others, where the access to that market was enticing enough to get companies to come in because they had access to over a billion people in a market, not a billion but a lot of people in the market, he said. So they were doing it, but

China's industrial overcapacity has significant spillovers globally: US

China's industrial manufacturing overcapacity has significant spillovers around the world, the Joe Biden administration said on Wednesday, noting that addressing these challenges may warrant taking defensive action to protect firms and workers -- and the traditional toolkit of trade actions may not be sufficient. "We are growing concerned that China's enduring macroeconomic imbalances and non-market policies and practices pose a significant risk to workers and businesses in the United States and the rest of the world. We are worried that these features of China's economy can lead to industrial overcapacity that has significant spillovers around the world and can compromise our collective supply chain resilience, given the resulting over-concentration in some manufacturing sectors," Under Secretary for International Affairs Jay Shambaugh said. The United States, along with its allies and partners in developing economies and advanced economies alike, share mutual objectives to address

What makes disconnecting trade ties with China expensive and challenging

The current global economic environment works against migration, standing in contrast to the increasingly tense geopolitical situation that adds urgency to decoupling

Chinese firms seek assurances from Malaysia on avoiding US tariffs

The companies have asked Malaysian ministers and senior government officials to lobby against US imposing tariffs on products made or assembled in Malaysia by Chinese groups

Biden admin probes China Telecom, China Mobile over internet, cloud risks

The investigation is the latest effort by Washington to prevent Beijing from exploiting Chinese firms' access to US data to harm companies

China's fiscal revenue drops 2.8% in January-May as weak demand drags

Fiscal expenditure rose 3.4 per cent in the first five months, versus a 3.5 per cent gain in the first four months

What is China's panda diplomacy; everything you need to know about it

Since its founding in 1949, the People's Republic of China has used panda diplomacy to boost its international image, either by gifting or lending panda to foreign zoos as goodwill animal ambassadors

US should sever ties with China, restart nuclear tests: Trump's ex-NSA

There's no guarantee Trump would adhere to the policy proposals on China that O'Brien has laid out

Europe's Airbus frets over global trade tensions amid EU-China spat

China has historically roughly split its import needs between Airbus and its US rival Boeing

Australia expects China to lift ban on exports as they ease past 2020 row

Australian Trade Minister Don Farrell on Wednesday predicted the final obstacle for exports to China, Beijing's ban on live lobster imports, will be lifted soon after Chinese Premier Li Qiang visits the country. The return of lobsters to the Chinese market would be a milestone in the Australian government's ambition to stabilize bilateral relations since coming to power in 2022. China banned minister-to-minister communications with Australia and imposed a series of official and unofficial trade barriers in 2020 on Australian products including beef, barley, coal, wood and wine costing exporters 20 billion Australian dollars (USD 13 billion) a year. Bilateral relations plumbed new lows after a previous Australian government demanded an independent investigation into the causes of and China's responses to the COVID-19 pandemic. Farrell said Li becoming the first Chinese premier to visit Australia in seven years on Saturday would remove the final trade barrier on lobsters. I think ..

Hong Kong needs to reinvent itself to retain competitive edge: Mark Mobius

He pointed to the growing rivalry between the US and China over tech and AI as an area that Hong Kong could leverage

Shangri-La dialogue to begin today, China-US theme to dominate discussion

The annual gathering in Singapore has become an increasingly influential forum for the world's top defence and security policy types, particularly as concerns over China's military actions

President Biden to end tariff exclusions on hundreds of Chinese products

Some of the products receiving continued exclusions through next May include types of motors and medical equipment, but the products are as varied as child safety seats

India and China hindering 'Pillar 1' tax deal, refusing to engage: Yellen

Earlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the US, India and China

The Sino-American trade war benefits China's competitors

India offers a prime example. It has successfully attracted several Western firms exiting China since launching its 'China Plus One' strategy in 2014

Yellen wants G7 'wall of opposition' to China's excess industrial capacity

Yellen said that if G7 ministers can agree on concept for bringing forward the earnings on the frozen Russian assets, they will spend time before G7 summit in Puglia in mid-June on refining details

China sanctions Boeing, 2 other US defence firms for Taiwan arms sales

Lai Ching-te, Taiwan's new president, has vowed to strengthen Taiwan's security through imports of advanced fighters and other technology and strengthening its domestic defence industry

US ambassador to Japan visits southern islands at centre of China tension

The US ambassador to Japan stressed Friday the importance of increased deterrence and his country's commitment to its key ally as he visited two southwestern Japanese islands at the forefront of Tokyo's tension with Beijing. Rahm Emanuel visited Yonaguni, Japan's westernmost island just east of Taiwan, a self-governed island also claimed by China. He later visited another Japanese island, Ishigaki, home to Japan Coast Guard patrol boats defending the disputed East China Sea islands and Japanese fishermen from armed Chinese coast guard ships that routinely enter Japanese waters. Japan has been making a southwest shift of its defense posture, and is further accelerating its military buildup under a 2022 security strategy that focuses on counter-strike capability with long-range cruise missiles. Emanuel was the first US ambassador to visit Yonaguni. Escorted by Mayor Kenichi Itokazu, he looked toward Taiwan, only 110 kilometres (68 miles) away. He met with Japanese Self Defense Force .

Taiwan selling more to US than China in major shift away from Beijing

Whether it's tapioca balls or computer chips, Taiwan is stretching toward the United States and away from China the world's No. 2 economy that threatens to take the democratically ruled island by force if necessary. That has translated to the world's biggest maker of computer chips which power everything from medical equipment to cellphones announcing bigger investments in the U.S. last month after a boost from the Biden administration. Soon afterward, a Taiwanese semiconductor company said it was ending its two-decade-long run in mainland China amid a global race to gain the edge in the high-tech industry. These changes at a time of an intensifying China-U.S. rivalry reflect Taiwan's efforts to reduce its reliance on Beijing and insulate itself from Chinese pressure while forging closer economic and trade ties with the United States, its strongest ally. The shift also is taking place as China's economic growth has been weak and global businesses are looking to diversify following