Page 7 - Us China Trade War

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

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