Page 6 - Us China Trade War

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

Panama Canal set to enter ports business as Trump-China feud simmers

Though China has no role in operating the canal, Hong Kong-based conglomerate CK Hutchison Holdings Ltd has operated ports on the Atlantic and Pacific sides

India hit with 50% tariffs: How countries are reacting to Trump's trade war

India slammed Trump's 50% tariff as unjustified; Canada, Brazil, and China also face new US trade actions, prompting strong backlash, WTO threats, and fresh retaliation

China summons Nvidia over H20 chip security after US trade deal talks

The Cyberspace Administration of China called company representatives into a meeting to discuss what it deemed serious security vulnerabilities with the artificial intelligence chip

China launches global AI body to rival US in $4.8 trillion tech race

No nameplate for the US was seen by Bloomberg News. The US Embassy in Beijing declined to comment on any official presence

Top Chinese, US officials huddle in Sweden for 2nd day of tariff talks

Chinese and US trade officials arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world's two largest economies. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng made no public comments to reporters after the first day of talks that lasted nearly five hours behind closed doors at the Swedish prime minister's office Monday. Before the talks resumed Tuesday, Swedish Prime Minister Ulf Kristersson met with Bessent and US trade representative Jamieson Greer over breakfast. The United States has struck deals over tariffs with some of its key trading partners including Britain, Japan and the European Union since President Donald Trump announced Liberation Day tariffs against dozens of countries in April. China remains perhaps the biggest unresolved case. The Chinese have been very pragmatic," Greer said in comments posted on social media by his office la

Chinese smartphone prices drop 45% in US as export volumes crash in June

Chinese smartphone exports to the US plunged 71% in June, despite a 45% drop in average prices amid tariff tensions

China's stealthy solar exports stay one step ahead of US trade tariffs

In recent months, Batam, a duty-free Indonesian enclave a short ferry ride from Singapore, has become a key waypoint in a convoluted global shuffle

China's industrial sectors at risk as Trump tariffs exceed profit margins

The findings underscore the economic risks that tariffs pose to the world's second largest economy at a time when domestic consumption remains sluggish

China defends growth model, eyes consumption as key economic driver

China's latest GDP data shows exports boosted Q2 growth, with a $586 billion trade surplus in H1, partly driven by exporters rushing shipments over tariff concerns

Nvidia CEO downplays role in lifting US ban on chip sales to China

The head of Nvidia downplayed his role in getting the US government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet US restrictions on technology exports to China but nonetheless blocked in April. He met US President Donald Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. I don't think I changed his mind, Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. A carefully organised press conference at a luxury hotel descended into a crowd scene when Huang arrived in his trademark leather jacket and started taking questions randomly in his characteristic casual style. Export controls and tariffs were something companie

China's exports regain momentum in June as Trump tariff deadline nears

China's rare earths exports rose 32 per cent in June from May, according to customs data, suggesting that recent agreements to ease the flow of these critical metals may be showing results

Rubio, Wang call for dialogue and cooperation amid US-China tensions

US Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi agreed Friday to explore areas of potential cooperation between Washington and Beijing, and stressed the importance of managing differences, following their first in-person meeting as they wrapped up a two-day regional security forum in Malaysia. Rubio and Wang met Friday on the sidelines of the Association of Southeast Asian Nations, or ASEAN, regional forum in Kuala Lumpur, Malaysia, as tensions between the two global powers continue to rise over trade, security, and China's support for Russia's war in Ukraine. Look, we're two big, powerful countries, and there are always going to be issues that we disagree on, Rubio told reporters after the meeting. "I think there's some areas of potential cooperation. I thought it was very constructive, positive meeting and a lot of work to do. Both sides need to build better communications and trust, he said. Rubio also indicated that a potential visit to China by US Presid

Ahead of Beijing summit, EU seeks to slash rare earth reliance on China

EU imports nearly all rare earths from China; experts warn of 'blackmail' risk as bloc faces pressure from Trump tariffs, Beijing's grip ahead of high-stakes EU-China summit

China warns Trump on tariffs, threatens retaliation on supply chain deals

China, initially singled out with tariffs exceeding 100 per cent, has until August 12 to reach an agreement with the White House to keep Trump from reinstating additional import curbs

'Brics not aimed at any country', says China after Trump's tariff warning

China defended Brics as a non-confrontational bloc, responding to Donald Trump's threat to impose a 10 per cent tariff on any country aligning with what he called 'anti-American' policies

No country should 'weaponise' critical resources: PM Modi at Brics Summit

At Brics Summit, Prime Minister Narendra Modi warns against 'weaponising' critical resources, calls for resilient supply chains, responsible AI, and support for 'Global South'

China's illegitimate military moves threaten peace in Taiwan Strait: US

The annual Han Kuang exercises, held since 1984, combine live-fire training with computerised war simulations to enhance Taiwan's defence readiness in the face of growing military pressure from China

China sets anti-dumping tariffs on European brandy amid trade row

China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise. The tariffs, effective on Saturday, will range from 27.7 per cent to 34.9 per cent, China's Commerce Ministry said. They are to be in place for five years and will not be applied retroactively. The announcement came during a European visit by Chinese Foreign Minister Wang Yi aimed at ironing out trade differences. Wang was set to visit Paris after stops in Brussels and Berlin. The anti-dumping duties are the result of a probe China launched last year into European cognac, after the European Union undertook a probe into Chinese electric vehicles subsidies. The investigative authority finally ruled that the dumping of related imported brandy from the EU has existed, read a statement by China's Commerce Ministry. The domestic brandy industry faces a material threat of damage, and there is a causal relations

US lifts chip software curbs on China, EDA firms begin restoring access

World's three largest electronic design automation (EDA) firms - Siemens, Synopsys, and Cadence - confirm rollback of US chip curbs on China