Page 5 - Us China Trade War

US soybean farmers face crisis as China halts purchases amid trade tensions

The leafy soybean plants reach Caleb Ragland's thighs and are ripe for harvest, but the Kentucky farmer is deeply worried. He doesn't know where he and others like him will sell their crop because China has stopped buying. Beijing, which traditionally has snapped up at least a quarter of all soybeans grown in the US, is in effect boycotting them in retaliation for the high tariffs President Donald Trump has imposed on Chinese goods and to strengthen its hand in negotiations over a new overall trade deal. It has left American soybean farmers fretting over not only this year's crop but the long-term viability of their businesses, built in part on China's once-insatiable appetite for US beans. This is a five-alarm fire for our industry, said Ragland, who leads the American Soybean Association trade group. The situation might even be enough to test farmers' loyalty to Trump, although he still enjoys strong support throughout rural America. If no deal is reached soon, they hope the ...

China urges its companies to avoid taking domestic price wars to US

Wang said China and the US have reached a series of important consensus results after several rounds of economic and trade consultations

China floods global markets with cheap exports after Trump's tariffs

Countries locked in tariff talks with Trump are hesitant to spark another trade war with China, giving Beijing relief from US levies once expected to slash its annual growth rate

US lawmakers meet China's Li Qiang, call for more military dialogue

A bipartisan group of US lawmakers pushed for more military-to-military dialogue in a meeting Sunday with China's Premier Li Qiang, a rare congressional visit since the US-China relations soured. The last trip by a group of senators was in 2023, and Sunday's delegation was the first from the House of Representatives to visit Beijing since 2019. Li welcomed the delegates led by Rep. Adam Smith and called it an icebreaking trip that will further the ties between the two countries. It is important for our two countries to have more exchanges and cooperation, this is not only good for our two countries but also of great significance to the world, Li said. Smith, a Democrat on the House Armed Services Committee, said both sides were in agreement on the overarching aim of the visit. "Certainly, trade and economy is on the top of the list ... (but also) we're very focused on our military-to-military conversations, he said in opening remarks. As a member of the Armed Services Committee, I

Trump, Xi Jinping discuss TikTok and trade tensions in phone call: Reports

The agreement is at the top of the agenda alongside trade for the leaders' first known call in three months

American soybean farmers face steep losses as China halts purchases

Since President Trump imposed tariffs on Chinese goods in February, Beijing has retaliated by halting all purchases of American soybeans

How China is weathering trade war with Trump amid US economic pressure

Tariffs triggered a plunge in China's exports to the United States, but its global trade surplus is larger because sales to other regions are surging

China starts probes targeting US semiconductor sector ahead of trade talks

The Ministry of Commerce said that it's opened an anti-dumping probe relating to certain American-made analog IC chips, the sort of products sold by Texas Instruments Inc. and Analog Devices Inc

Trump's tariffs seen cutting into China sales of US companies, survey finds

Many US companies operating in China expect their sales to take a hit this year from US President Donald Trump's tariffs and the ones that China has imposed in response, according to an annual survey released Wednesday by the American Chamber of Commerce in Shanghai. Nearly two-thirds of the 254 companies who responded said the new tariffs have reduced expected revenues for their China operations in 2025. About one-third, many in banking and other industries that don't import from or export to the US, don't expect any impact. Trump has imposed an additional 30 per cent tax on imports from China, after raising them at one point to 145 per cent before the two countries agreed in May to scale back a tit-for-tat tariff war. China has responded with a 10 per cent tax on US imports. The tariffs hit companies that export to the US and those that import American parts or ingredients for their production in China, such as chemical companies, Shanghai chamber leaders said. Tariffs have had a

Trump urges EU to impose 100% tariffs on India, China to pressure Russia

If adopted, Trump's proposal would mark a significant shift for the EU, which has so far relied on sanctions rather than tariffs to isolate Russia

China's export growth slows in August amid US tariffs, trade tensions

China's exports grew last month but at a slower pace than in recent months, the country's customs agency said Monday. Exports reached $321.8 billion in August, a 4.4% increase compared to the same month last year. That was down from a 7.2% jump in July. Meanwhile, imports totalled $219.5 billion, a 1.8% rise. China's large trade surplus has become a contentious issue with major trading partners including the US and the European Union. Low-priced Chinese imports are a boon for consumers but can lead to job cuts in manufacturing. In the first eight months of the year, China's exported $785.3 billion more in goods and services than it imported from other countries, the monthly customs data showed. President Donald Trump has imposed 30% in additional tariffs on imports from China since taking office early this year. He backed down from even higher tariffs after China retaliated with import taxes of its own. The two countries are in talks to try to reach a trade agreement. The tariffs

US proposes annual China chip supply approvals for Samsung, Hynix

The VEU system granted Samsung and SK Hynix perpetual approval to ship estimated quantities of supplies, based on up-front security and monitoring commitments, to factories in China

US trade deficit widens 32.5% in July as imports surge to record levels

The trade gap ballooned 32.5per cent to $78.3 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday

US-China ties 'very good' but Xi gave no credit to US role, says Trump

US President expressed his disappointment with Xi Jinping's speech during the parade, as the Chinese President did not recognise the US role in supporting China during its freedom struggles

US lawmaker urges tighter AI chip exports to curb China's military edge

Chairman Moolenaar's RTT framework aims to maintain China's reliance on US hardware and software while restricting its capabilities in advanced AI, according to a statement from the SCCCP

Nvidia warns Trump's chip fee on China could trigger lawsuits, hit sales

Nvidia cautions that Trump's proposed 15% tariff on AI chip sales to China may lead to litigation, weaken US firms' competitiveness, and benefit foreign rivals

Trump warns China of 200% tariff if rare earth magnet exports curbed

US President Donald Trump stresses desire for 'great relationship' with Beijing despite escalating tensions over tariffs and resources

US-China tariff status quo working well ahead of November, says Bessent

Bessent's remarks indicate that an easing of tensions between the two sides remains in place, potentially creating an opening for President Donald Trump to meet Chinese leader Xi Jinping

China rare earth exports rise to six-month high on July shipment surge

US Trade Representative Jamieson Greer said earlier this month that China was "about halfway there" in terms of returning magnet supplies to where they were prior to the controls

Impose Trump's illogical tariff on China, US importers too: Amitabh Kant

He pointed out that other major economies, such as Turkey, the EU, and China, also import significant quantities of energy and minerals from Russia or China