Page 6 - Us China Trade War

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

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