Page 15 - Us China

US lawmaker targets Nvidia AI chip smuggling to China with new bill

Both President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China

Chinese exporters turn to 'origin washing' to dodge steep Trump tariffs

Chinese exporters are using repackaging, mislabeling, and rerouting tactics to avoid steep Trump-era tariffs, raising alarm across Asian trade hubs and customs agencies

'I set the deal': Trump says trade agreements may come as soon as this week

While Trump did not name countries, he suggested trade deals may be finalised within weeks as talks progress with several nations including India amid tariff tensions and slowdown fears

US slams China's unfair trade practices as 28 textile plants shut down

In 2024, the United States imported $79.3 billion worth of apparel, with 21 per cent of that coming from China

CIA releases Mandarin videos urging Chinese officials to spill secrets

The CIA has a message for Chinese government officials worried about their place in President Xi Jinping's government: Come work with us. America's premier spy agency released two Mandarin-language videos on social media Thursday inviting disgruntled officials to contact the CIA. The recruitment videos posted to YouTube and X racked up more than 5 million views combined in their first day. The outreach comes as CIA Director John Ratcliffe has vowed to boost both the agency's use of intelligence from human sources and its focus on China, which has recently targeted US officials with its own espionage operations. The videos are aimed at recruiting Chinese officials to steal secrets, Ratcliffe said in a statement to The Associated Press. He said China is intent on dominating the world economically, militarily, and technologically. Our agency must continue responding to this threat with urgency, creativity, and grit, and these videos are just one of the ways we are doing this, Ratcliff

Apple shifts iPhone production for US market to India, confirms Tim Cook

Tim Cook confirms India will become the primary source of iPhones sold in the US as Apple pivots production away from high-tariff China to cost-effective Indian supply chains

As Trump closes China shipping loophole, prices to rise for US consumers

Trump last month signed an executive order closing a loophole that has allowed items from China and Hong Kong valued at no more than $800 to enter the US without customs declarations and import duties

Kids may get 2 dolls in US, but China will suffer from trade war: Trump

Donald Trump, through his remarks, has tried to reassure Americans that the tariffs will not result in a recession

Trump claims China will 'eat' tariffs, reducing impact on US consumers

Trump said he did not believe hard times were ahead for US consumers, while acknowledging that his 145% tariffs on many Chinese goods amounted to a near-embargo

China lashes out at US as tensions escalate over space observatory in Chile

China struck a defiant stance on Tuesday in response to American concerns about Beijing's efforts to expand its influence in the resource-rich South American nation of Chile, escalating tensions over a Chinese astronomical venture in Chile's arid north. At a press conference Tuesday in Chile's capital of Santiago, China's ambassador to Chile, Niu Qingbao, lambasted the United States for interfering in Chile's sovereign right to independently choose its partners and spreading "disinformation about the project. The astronomy project stems from a 2023 agreement between China's state-run National Astronomical Observatory and Chile's Catholic University of the North to work on a powerful space observatory in the country's vast northern Atacama Desert. The proposed high-resolution telescope would be able to observe near-Earth objects, which are classified as asteroids or comets. But the project quickly became entangled in China's spiralling rivalry with the Trump administration. Worries

AO Smith Q1 revenue dips 2% on weak US, China water heater demand

The company, which makes residential and commercial water heaters, boilers, tanks and treatment products, posted a 2 per cent fall in quarterly sales to $963.9 million

Willing to cooperate with US cos after airlines rejected Boeing jets: China

Officials in Beijing acknowledged that tariff hikes implemented by US President Donald Trump have disrupted the global air transport market

China's Wang Yi vows to stand firm, urges nations to resist 'bully' Trump

The stern remarks show China intends to resist pressure to enter trade talks even as US Treasury Secretary Scott Bessent suggests Washington could ban certain exports to China to gain leverage

Chinese firms turn to Indian exporters to help fill orders amid US tariffs

At the Canton Fair that runs through May 5 in Guangzhou - the world's biggest trade fair - several Indian firms were approached by Chinese companies to supply goods to their US customers

Nations forced to choose sides as US-China economic tensions intensify

One went to the United States. The other went to China. It was a sign of the times. While the Swiss president was in Washington last week to lobby US officials over President Donald Trump's threatened 31% tariff on Swiss goods, the Swiss foreign minister was in Beijing, expressing his nation's willingness to strengthen cooperation with China and upgrade a free trade agreement. As Trump's trade war locks the world's two largest economies on a collision course, America's unnerved allies and partners are cosying up with China to hedge their bets. It comes as Trump's trade push upends a decade of American foreign policy including his own from his first term toward rallying the rest of the world to join the United States against China. And it threatens to hand Beijing more leverage in any eventual dialogue with the US administration. With Trump saying that countries are kissing my ass to negotiate trade deals on his terms or risk stiff import taxes, Beijing is reaching out to countries

China's trade, economy tsar steps into spotlight amid Trump tariffs

China has repeatedly denied that tariff-related negotiations were ongoing, though on Friday it exempted some US goods from its retaliatory tariffs

Xi Jinping calls for China to secure competitive edge in AI technology

Chinese President Xi Jinping urges China to lead in AI technology, highlights DeepSeek's role, and calls for stronger innovation amid rising global competition and security concerns

China boosts cash injection to shield economy from US tariff impact

The People's Bank of China will conduct 600 billion yuan ($82.3 billion) of one-year medium-term lending facility to maintain ample liquidity in the banking system

Indian firms should avoid re-routing of goods from China to US: GTRI

Domestic exporters should not use India as a destination for re-routing goods originating from high-tariff countries like China to the US, economic think tank GTRI said on Thursday. Instead of re-routing, Indian exporters should build genuine value addition, supply chain transparency, and adhere to US customs rules, the Global Trade Research Initiative (GTRI) said. Cautioning against "shortcuts", GTRI Founder Ajay Srivastava said Indian firms need to build on genuine value addition, supply chain transparency, and comply with US customs rules. For countries like India, the opportunity is real, but only if exporters play by the rules. He added that exporters often misunderstood US non-preferential rules of origin (RoO), which determine a product's true origin. If a product contains high Chinese content and fails to meet the substantial transformation test, it may still be classified as Chinese, regardless of where it was assembled and subjected to punitive tariffs. The US has imposed

Are Chinese firms using 'Made in Korea' labels to bypass Trump tariffs?

Customs officials in South Korea have found that 97 percent of falsely labelled Chinese goods were destined for the United States