Page 13 - Us China

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

'Very big' trade deal with India soon: Trump as he signs pact with China

Trump's remarks come at a time when the 90-day deadline for the tariff pause is likely nearing its end on July 9

iPhone maker Foxconn to invest $2.2 bn in India, US as it shifts from China

The department has also cleared a $1.49 billion investment proposal aimed at increasing capital in Foxconn Singapore Pte Ltd, a subsidiary of the company

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 condemns US attack on Iran's nuclear sites; calls for ceasefire

China on Sunday strongly condemned the US air strikes on Iranian nuclear facilities saying that it is a serious violation of the UN Charter and heightens tensions in West Asia. Beijing also called on parties to the conflict, Israel in particular, to reach a ceasefire as soon as possible, ensure the safety of civilians, and start dialogue and negotiation. The US on Sunday attacked Iran's Fordow, Isfahan and Natanz nuclear sites to destroy the country's nuclear programme. US President Donald Trump said that the US military had carried out a "very successful" attack on three nuclear sites and warned of additional strikes if Iran retaliates. China strongly condemns the US attacks on Iran and bombing of nuclear facilities under the safeguards of the International Atomic Energy Agency, a spokesman of the Chinese Foreign Ministry said in a comment posted on the ministry's website. The actions of the US seriously violate the purposes and principles of the UN Charter and international law,

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

Darwin port dispute shows not all Chinese stakes pose security threat

Beijing's ownership of critical infrastructure has been growing steadily over the years, but Trump's new administration is paying more attention

Trump to extend TikTok's deadline by 90 days; to sign order: White House

President Trump has signed an executive order delaying the ban on TikTok for a third time, giving ByteDance 90 more days to secure a divestment deal

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

China joins US in brain implant race with successful clinical trial test

Chinese researchers used brain-computer interfaces, or BCI, a wireless invasive implant in a patient with tetraplegia in March

Chips won the cold war, but rare earth magnets could decide the next

In the first major US-China trade dispute of Trump's second term, Beijing was able to use its control of rare earths to force Washington to a deal last week

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

2 Chinese scientists to remain in jail for bringing illegal material to US

Two Chinese scientists accused of smuggling or shipping biological material into the United States for use at the University of Michigan will remain in custody after waiving their right to a hearing Friday in federal court. Yunqing Jian and Chengxuan Han said in separate court appearances in Detroit that they would not challenge the government's request to keep them locked up while their cases move forward. This is a constantly evolving situation involving a large number of factors, Han's attorney, Sara Garber, told a judge. She didn't elaborate and later declined to comment. Han was arrested Sunday at Detroit Metropolitan Airport after arriving on a flight from China, where she is pursuing an advanced degree at Huazhong University of Science and Technology in Wuhan. She planned to spend a year completing a project at the University of Michigan lab, and is accused of shipping biological material months ago to laboratory staff. It was intercepted by authorities. The FBI, in a court

Stock Market close highlights: Sensex crashes 823 pts, Nifty below 24,900; all sectors settle in red

Sensex Today | Stock Market close, Thursday, June 12, 2025: The Nifty Midcap100 and Nifty Smallcap100 index settled in red, down by 1.73 per cent and 1.90 per cent, respectively

Rupee gains for sixth day on weak dollar; opens higher at 85.43/$

Indian Rupee today: The domestic currency appreciated 8 paise to open at 85.43 against the dollar, after closing at 85.51 on Wednesday

China imposes 6-month cap on rare-earth export licences to US amid talks

China is limiting rare-earth export licences for US firms to six months, using it as leverage in trade talks while the US agrees to ease some restrictions on key goods like jet engines and ethane

Stock Market close highlights: Sensex, Nifty settle higher; IT, OMC stocks rally; Bank, FMCG drag

Sensex Today | Stock Market close, Wednesday, June 11, 2025: HCL Tech, Infosys, Tech Mahindra, Bajaj Finserv and Reliance Industries were the top Sensex gainers

Rupee advanced as US-China trade tensions ease; opens higher at 85.53/$

Indian Rupee today: The domestic currency appreciated 9 paise to open at 85.53 against the dollar, after closing at 85.62 on Tuesday

Major Chinese maker of rare-earth magnets gets green light for US exports

JL Mag Rare-Earth Co. said that officials approved a certain number of export applications, and the company had permits for regions including the US, Europe and Southeast Asia

Asian shares gain as US, China agree on framework to advance trade deal

Asian shares mostly rose Wednesday after China and the US said they had agreed on a framework for following up on the trade truce reached last month in Geneva. US futures fell while oil prices edged higher. Japan's benchmark Nikkei 225 surged 0.6 per cent in afternoon trading to 38,450.76. Data from the Bank of Japan data showed wholesale inflation slowed in May, meaning there might be less pressure for the central bank to raise interest rates in its next policy board meeting. Hong Kong's Hang Seng gained 0.9 per cent to 24,381.39, while the Shanghai Composite rose 0.5 per cent to 3,402.97. Australia's S&P/ASX 200 edged up 0.2 per cent to 8,603.70. South Korea's Kospi added 1.0 per cent to 2,900.05. Tuesday on Wall Street, the S&P 500 rose 0.5 per cent to 6,038.81 as the trade talks between the world's two largest economies carried into a second day. The Dow Jones Industrial Average added 0.2 per cent to 42,866.87, and the Nasdaq composite gained 0.6 per cent to ...