Page 29 - Us China Trade War

Apple removes WhatsApp, Threads from its China App Store on Beijing request

US politicians have cited national security concerns in their push to force the company to either sell TikTok to a non-Chinese owner or face a ban in the US market

US ban on TikTok over ownership issues gets major boost from Republicans

Legislation that could ban TikTok in the US if its China-based owner doesn't sell its stake won a major boost late Wednesday when House Republican leaders included it in a package of bills that would send aid to Ukraine and Israel. The bill could be law as soon as next week if Congress moves quickly. The TikTok legislation, which passed the House in March and has widespread support in both chambers, was included in the House foreign policy package after negotiations with the Senate over how long the Chinese technology firm ByteDance Ltd would have to sell its stake for the app to continue operating in the United States. President Joe Biden has said he would sign the TikTok legislation if it reaches his desk. The bill was included in the national security package after it won a key endorsement from Senate Commerce Committee Chairwoman Maria Cantwell, who said in a statement that she had successfully pushed to extend the period from six months to a year to give the company enough time

US navy sends aircraft through Taiwan Strait a day after US-China talks

The US 7th Fleet said a Navy P-8A Poseidon flew through the Taiwan Strait on Wednesday, a day after US and Chinese defence chiefs held their first talks since November 2022 in an effort to reduce regional tensions. The patrol and reconaissance plane transited the Taiwan Strait in international airspace, the 7th Fleet said in a news release. By operating within the Taiwan Strait in accordance with international law, the United States upholds the navigational rights and freedoms of all nations, the release said. Although the critical 160 kilometre-wide strait that divides China from the self-governing island democracy is international waters, China considers the passage of foreign military aircraft and ships through it a challenge to its sovereignty. China claims the island of Taiwan, threatening to defend by force if necessary despite US military support for the island. China had no immediate response to the report, but has in past issued stern protests and activated defences in ...

US house committee accuses China of fuelling fentanyl crisis in country

China is fuelling the fentanyl crisis in the US by directly subsidising the manufacturing of materials that are used by traffickers to make the drug outside the country, according to a report released Tuesday by a special House committee focused on countering the Chinese government. Committee investigators said they accessed a government website that revealed tax rebates for the production of specific fentanyl precursors as well as other synthetic drugs as long as those companies sell them outside of China. Through its actions, as our report has revealed, the Chinese Communist Party is telling us that it wants more fentanyl entering our country, said Rep Mike Gallagher, the Republican chairman of the special House committee. It wants the chaos and devastation that has resulted from the epidemic. In November, President Joe Biden and Chinese President Xi Jinping announced a resumption of bilateral cooperation on counternarcotics with a focus on reducing the flow of precursor chemicals

Intel to launch two AI chips with reduced capabilities for Chinese market

Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China

Janet Yellen likely to reiterate warnings over China's manufacturing power

With its dominant voice in all of those forums, the US is expected to try to align other countries across Europe, Asia and Latin America to voice concerns over China's output and exports

Prez Biden surpasses Trump's record for blacklisting chinese entities

In February, the US added eight companies to the entity list, quietly taking Biden past Trump's record, with six more added this week

US govt to consider concerns about China's Brite in trade sanction list

The concerns were raised in a letter calling on the agency to sanction the company after Reuters reported in December that it was part-owned by blacklisted Chinese chipmaker SMIC

US-China deepening cooperation on financial stability issues: US officials

The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks, the US officials said

Yellen meets China's central bank chief, presses case on excess capacity

Yellen will wrap up her trip to Guangzhou and Beijing with a news conference later on Monday

US, China to talk on economic growth including overcapacity issue: Yellen

The US and China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China. The two sides will hold more talks and create two new economic groups dedicated to growth in domestic and global economies as well as anti-money laundering, according to a statement about the creation of the groups. Yellen, who started her five-day visit in one of China's major industrial and export hubs, has focused thus far on what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials. In her statement, Yellen said she and her counterparts agreed that the U.S. and China will hold intensive exchanges on balanced growth in the domestic and global economies. These exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use this opportunity to advocate for a level playing fiel

Yellen in China: Beijing worried US planning more tariffs on green tech

As US Treasury Secretary Janet Yellen appeals to Chinese leaders to change their domestic manufacturing policies on the second day of an official visit, state media are receiving her message with skepticism, and anxiety about more US tariffs on green energy products. Yellen, who started her five-day visit in one of China's major industrial and export hubs, has focused thus far on what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials. The official Xinhua News Agency wrote Friday night that while Yellen's trip is a good sign that the world's two largest economies are maintaining communication, talking up Chinese overcapacity' in the clean energy sector also smacks of creating a pretext for rolling out more protectionist policies to shield U.S. companies. Chinese government subsidies and other policy support have encouraged solar panel and EV makers in China to invest in factories, building far more production capacity than the domestic ...

During China visit, Yellen calls for level playing field for US workers

US Treasury Secretary Janet Yellen called Friday for a level playing field for American companies and workers as she began a five-day visit to China in one of the country's major industrial and export hubs. Yellen told Wang Weizhong, the governor of Guangdong province, that it's important for the U.S. and China to have open and direct communication on areas of disagreement. "This includes the issue of China's industrial overcapacity, which the United States and other countries are concerned can cause global spillovers, she said. Yellen, the first Cabinet-level official to visit China since President Joe Biden met Chinese leader Xi Jinping last November, has telegraphed that she will raise what the U.S. considers to be unfair Chinese trade practices, a concern shared by many European countries. Before talks with the governor, she met with American, European and Japanese business representatives to hear their concerns, ahead of what will likely be tough talks on trade and other issue

Why maintaining ASML equipment is new front in US-China chip war?

ASML dominates the market for lithography tools - huge expensive, complex machines that perform one step in the chipmaking process, helping to create circuitry

Criminal case in US against China's Huawei heads toward 2026 trial

Since 2019, the US has restricted Huawei's access to US technology, accusing the company of activities contrary to US national security, which Huawei denies

Janet Yellen meets China's foreign business leaders ahead of trade talks

The Treasury is not expecting a major shift in Chinese policy as a result of meetings, but it was important to explain the problems that overinvestment in these sectors are causing around the world

US officials raise commercial, market access issues with China in meeting

Washington has raised concerns with Beijing for years over restricted access to the Chinese market for US companies

Taiwan detects 7 Chinese naval vessels, 3 military aircraft encircling it

Since September 2020, China has increased its use of grey zone tactics by incrementally increasing the number of military aircraft and naval ships operating around Taiwan

China's WuXi AppTec sent US client's data with Beijing: US intelligence

Hong Kong listed Wuxi shares pared earlier gains of nearly 5 % to trade 1% higher, while Shanghai-listed shares were up 0.4%

Kansas may limit economic activity with China, other 'countries of concern'

Republican legislators in Kansas advanced proposals Wednesday aimed at preventing individuals and companies from China and other US adversaries from owning farmland or business property, limiting state investments in foreign companies and restricting the use of foreign-made drones. Some GOP conservatives, including state Attorney General Kris Kobach, want the state to enact even tougher restrictions, even as Democratic critics suggest the measures are fuelled by xenophobia. Kansas already limits corporate ownership of agricultural land, and more than 20 other states restrict foreign land ownership, according to the National Agricultural Law Center. Supporters of such measures argue that they protect military installations and US citizens from spying and other national security risks. The Republican-controlled Kansas House approved three bills addressing activities by individuals and companies from "countries of concern" -- China, Cuba, Iran, North Korea and Venezuela -- and groups .