Page 28 - Us China Trade War

China, Russia reaffirm close ties as Moscow presses offensive in Ukraine

Russian President Vladimir Putin and Chinese leader Xi Jinping on Thursday reaffirmed their no-limits partnership that has deepened as both countries face rising tensions with the West, and they criticized US military alliances in Asia and the Pacific region. At their summit in Beijing, Putin thanked Xi for China's proposals for ending the war in Ukraine, which have been rejected by Ukraine and its Western supporters as largely following the Kremlin's line. Putin's two-day state visit to one of his strongest allies and trading partners comes as Russian forces are pressing an offensive in northeastern Ukraine's Kharkiv region in the most significant border incursion since the full-scale invasion began on February 24, 2022. China claims to take a neutral position in the conflict, but it has backed the Kremlin's contentions that Russia was provoked into attacking Ukraine by the West, and it continues to supply key components needed by Moscow for weapons production. China, which hasn't

China to take 'resolute measures' in response to US tariff hikes on imports

US President Joe Biden has directed his Trade Representative to increase tariffs on USD 18 billion of imports from China

China protests against new US tariffs, promises to protect its interests

China's Commerce Ministry also said that the move is against US President Joe Biden's earlier stand of not seeking to 'contain' or 'decouple' with Beijing

Biden hits Chinese imports with tariffs to safeguard American workers

US President Joe Biden has imposed heavy tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, saying it would ensure that American workers are not held back by unfair trade practices. These include a 100 per cent tariff on electric vehicles, a 50 per cent tariff on semiconductors, and a 25 per cent tariff each on electric vehicle batteries from China. In his address to the nation from the Rose Garden of the White House, Biden said America can continue to buy any kind of car they want, but we're never going to allow China to unfairly control the market for these cars. Period. I want fair competition with China, not conflict. We are in a stronger position to win that economic competition of the 21st century against China than anyone else because we're investing in America again, he said. Biden alleged that for years, the Chinese government has poured state money into Chinese companies across a whole range of industries: steel and aluminium, ...

US suggests additional tariffs if China moves EV production to Mexico

The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells. But Chinese EV company BYD has previously indicated that it was looking at factory sites in Mexico for the Mexican market, creating a possible loophole to avoid the expanded tariffs. Asked at the White House news briefing about new tariffs should Chinese companies launch production in Mexico, U.S. Trade Representative Katherine Tai said, Stay tuned. Tai said that additional tariffs would require a separate pathway from the Section 301 review of the Trade Act of 1974. That four-year review led to the tariffs on $18 billion worth of

How hard will Biden-led new US tariffs hit China EVs, other exports?

The impact on Chinese industries, however, is expected to be limited

Taiwan defence min reports surge in Chinese military activity near island

Since September 2020, China has intensified its use of 'grey zone tactics' by operating more military aircraft and naval ships near Taiwan

US plans to impose new tariffs on EVs, other Chinese green energy imports

The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. Tariffs on electric vehicles, in particular, could quadruple from the existing 25% to 100%. The plan was described by the people on condition of anonymity because they were not authorized to provide details ahead of a formal announcement. The tariffs, expected to be announced Tuesday, come as officials across the Democratic administration have expressed frustration over China's manufacturing overcapacity of EVs and other products that they say pose a threat to U.S. jobs and national security. Industrialized nations including the United States and its European allies fear a wave of low-priced Chinese exports will overwhelm domestic manufacturing. On the U.S. side, there is particular concern that China's green energy products will undermine massive ...

China's exports and imports return to growth, signalling demand recovery

Shipments from China grew 1.5% year-on-year last month

WhatsApp: Banned in China, Meta's messaging app now working for some users

Users of the Meta Platforms Inc. service in Beijing and Shanghai, who normally employ workarounds like a virtual private network to get on the service, are using it normally

Huawei's latest high-end phone uses more China-made parts, memory chip

Huawei's resurgence in the high-end smartphone market after four years of US sanctions is being widely watched

Xi Jinping meets Antony Blinken, seeks US-China partnership over rivalry

Xi Jinping noted some progress since his meeting with US President Joe Biden, but stressed on continued efforts and addressing outstanding concerns

Blinken to meet Chinese counterpart in Beijing, discuss complex issues

Taiwan and the disputed South China Sea remain flashpoints, while the US is eager to see more progress on the curbing of China's supply of the chemicals to used to make fentanyl

Trump advisers discuss penalties for nations that move away from dollar

As president, Trump weighed forcibly weakening the dollar to support the domestic manufacturing sector

Blinken in Shanghai; begins contentious talks with Chinese officials

US Secretary of State Antony Blinken opened his first full day of meetings in China on Thursday by talking with local government officials in Shanghai. Blinken discussed local and regional issues with Chen Jining, the Chinese Communist Party Secretary of Shanghai. He also planned to speak to students and business leaders before heading to Beijing by train for what are expected to be contentious talks with national officials, including Foreign Minister Wang Yi. Blinken arrived in Shanghai on Wednesday shortly before President Joe Biden signed a $95 billion foreign aid package that has several elements likely to anger the Chinese, including $8 billion to counter China's growing aggressiveness toward Taiwan and in the South China Sea. It also seeks to force TikTok's China-based parent company to sell the social media platform. China has railed against U.S. assistance to Taiwan, the self-governing island that it regards as a renegade province, and immediately condemned the move as a ...

US banning TikTok? Everything you need to know about the controversy

No, TikTok will not suddenly disappear from your phone. Nor will you go to jail if you continue using it after it is banned. After years of attempts to ban the Chinese-owned app, including by former President Donald Trump, a measure to outlaw the popular video-sharing app has won congressional approval and is on its way to President Biden for his signature. The measure gives Beijing-based parent company ByteDance nine months to sell the company, with a possible additional three months if a sale is in progress. If it doesn't, TikTok will be banned. So what does this mean for you, a TikTok user, or perhaps the parent of a TikTok user? Here are some key questions and answers. WHEN DOES THE BAN GO INTO EFFECT? The original proposal gave ByteDance just six months to divest from its U.S. subsidiary, negotiations lengthened it to nine. Then, if the sale is already in progress, the company will get another three months to complete it. So it would be at least a year before a ban goes into

China angry over US aid to Taiwan, says island putting itself in 'danger'

China on Wednesday blasted the latest package of US military assistance to Taiwan on Wednesday, saying that such funding was pushing the self-governing island republic into a dangerous situation. The US Senate late Tuesday passed USD 95 billion in war aid to Ukraine, Israel and Taiwan after months of delays and contentious debate over how involved the United States should be in foreign wars. The package included USD 8 billion for Taiwan, meant to counter the threat of invasion by China, which claims the entire island as its own territory and has threatened to take it by force if necessary. The mainland's Taiwan Affairs Office said the aid seriously violates US commitments to China and sends a wrong signal to the Taiwan independence separatist forces. Office spokesperson Zhu Fenglian added that Taiwan's ruling pro-independence Democratic Progressive Party, which won a third four-year presidential term in January, is willing to become a pawn for external forces to use Taiwan to conta

Who would lead if US stepped off world stage, asks President Biden

If the United States stepped off the world stage, who would lead the world, US President Joe Biden asked his fellow countrymen as he slammed his November challenger for making such an argument. "Think of it this way -- if the United States stepped off the world stage, like Trump wants us to do, who would lead the world? Who would lead the world?" Biden asked the gathering at a campaign event in Tampa, Florida. Biden is facing his predecessor, Donald Trump, in the November presidential election, which is a rematch of the 2020 polls. "One of the things that is happening now is that ... every international meeting I attend with other heads of state -- whether it is the G7, the G20, all these international meetings -- before I leave, literally, almost every one will walk up to me and wait to get me in a corner alone and grab my arm and say, 'You have got to win'. Not because of me, but because of the alternative. And they say, 'Because my democracy depends upon it', meaning their ...

EU aims to increase agri-food exports to China despite trade tensions

Unlike sectors such as solar panels or new energy vehicles (NEVs) the European Union's agri-food sector runs an export surplus in its trade with China

US sanctions 3 China firms for providing ballistic missile tech to Pak

The US has imposed sanctions on three China-based companies and one from Belarus for supplying missile-applicable items for Pakistan's ballistic missile programme, including its long-range missile programme, the State Department has said. The name of the companies are Xi'an Longde Technology Development, Tianjin Creative Source International Trade and Granpect Co. Ltd from China and Minsk Wheel Tractor Plant from Belarus. These entities have engaged in activities or transactions that have materially contributed to, or pose a risk of materially contributing to, the proliferation of weapons of mass destruction or their means of delivery, including any efforts to manufacture, acquire, possess, develop, transport, transfer or use such items, by Pakistan, State Department spokesperson Matthew Miller said on Friday. Miller said the US is committed to strengthening the global nonproliferation regime by taking action to disrupt procurement networks supporting proliferation activities of ...