Page 7 - Us China Trade War

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

India, China to face 500% US tariff? Trump backs Russia sanctions bill

The Senate bill, backed by Trump, seeks to penalise nations buying Russian oil; it could reshape US trade ties with India and China amid Ukraine conflict

China ready to discuss trade tariffs and subsidies with US at WTO

Following positive trade talks in Geneva and London, China indicated openness towards discussing tariffs within the WTO

Fireworks for July 4 safe this year, tariff talks may dim them in future

Like clockwork, Carla Johnson sends out letters every spring asking for donations to help pay for the annual Fourth of July fireworks show that draws tens of thousands of people to New Mexico's largest lake. And she has no reservations about doling out verbal reminders when she sees her patrons around town. There's too much at stake to be shy about fundraising when donations collected by Friends of Elephant Butte Lake State Park are what make the tradition possible. But even Johnson's ardent efforts as the group's fundraiser might not cut it next year if the US and China remain locked in a trade war. With nearly all of the aerial shells, paper rockets and sparkly fountains that fuel America's Fourth of July celebrations being imported from China, volunteer groups like Johnson's and cities big and small have been closely watching the negotiations. A 90-day pause on what had been massive tariffs brought some temporary relief, but industry experts acknowledge that the tiff has lit a f

Trump hints at major India-US trade deal after China | Trade war | Trump tariffs

At the Big beautiful bill event announcement, US President Donald Trump hinted at a possible trade deal with India.

Nike to cut China output by 2026 as Trump tariffs threaten $1 billion hit

Nike plans to reduce China-made shoe imports to the US as tariffs rise; firm bets on running category rebound and price hikes to offset projected $1 billion cost from Trump's trade policies

India ramps up Android phone shipments to US & Africa, led by PLI push

Motorola, Samsung and other mobile device makers scale up their India production as US tariffs hit China. Africa and the US emerge as key markets for Made-in-India Android smartphones

Honda supplier hit hard as US-China trade war escalates across key sectors

For Daido Steel, the trade war has triggered a renewed effort to develop rare earth supply chains beyond China, which controls 70% of mining and 90% of global refining of these critical metals

China signals willingness to cooperate with US on fentanyl, deportations

China offers to work with the US on narcotics control and migrant repatriation, while warning Washington to uphold mutual respect - a step towards easing trade tensions

TikTok ban on hold? Trump hints at more time for ByteDance to sell app

Donald Trump hints at extending ByteDance's TikTok sale deadline, after twice delaying a ban initially set under the 2023 law citing national security and data privacy concerns

US-China trade truce likely leaves military-use rare earth issue unresolved

Beijing has not committed to grant export clearance for some specialised rare-earth magnets that US military suppliers need for fighter jets and missile systems

Tangled trade ties: US-China agreement offers little hope of breakthrough

For other trading partners, the US-China deal, as it currently stands, suggests that tariffs would settle at significantly higher levels than before the announcement of the so-called reciprocal tariff