Page 19 - Us China

Tariff war puts China-US trade in peril, businesses weigh next steps

When the first two rounds of 10% tariffs hit, Zou Guoqing, a Chinese exporter, groaned but didn't find the barriers insurmountable. He gave up some of his profits and offered his client, a snow-bike factory in Nebraska, price cuts ranging from 5% to 10%. It seemed to work: The factory agreed to a new order of molds and parts. But when President Donald Trump announced an additional 34% universal tariff on Chinese goods on April 2, Zou, who's been exporting to the U.S. for more than a decade, was incredulous. There's not a thread of feasibility," said Zou, who does business in the eastern Chinese city of Ningbo. It looks like I would have no choice but give up trading with the US. Then came 50% more from Trump, followed by another hike pushing the universal tariff on Chinese goods to the sky-high 145%, and Zou said he now could only hope that the two leaders can communicate. We are pausing the shipments," he said, until the leaders talk. The 145% tariff from the United States and th

Trump's tariffs against China major test for Xi's leadership: Ex-US envoy

The US' high tariffs on China will be a major test for President Xi Jinping's leadership amid the economic slowdown while the Trump administration's levies on Beijing could be far more effective if the US takes allies along, former US ambassador to China Nicholas Burns has said. US President Donald Trump slapped 145 per cent tariffs against Chinese exports and China retaliated with 125 per cent levies on its imports from America. China is the only country to have retaliated with tit-for-tat levies. Midway through his tariff campaign against a number of countries, Trump paused the additional duties on other nations for 90 days while imposing more punitive levies on China leaving Beijing to wage a lonely battle to defend its interests. "The tariff war with the US will be a major test for Xi Jinping simply because the Chinese economy has not performed well in the last few years. Their GDP growth rate is slowing down," Burns told BBC on Friday. They still have a major hangover from th

India to be carefully watching developments in US-China trade war

According to the foreign policy expert, due to this trade war, there would emerge both opportunities and challenges for India

US- China trade tensions open new window for India | Trump tariffs | Trade war

US President Donald Trump has slapped a fresh round of steep tariffs on Chinese goods on 10th April, bringing the total additional duties on certain items to 145%.

Wall Street dips on tariff worries as big banks kick off earnings season

US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions

'Nothing is just trade, it's personal', says EAM Jaishankar on trade war

External Affairs Minister S Jaishankar said the world is heading towards a period of sharp competition and contestation, where the planning is going to be much harder for different countries

'Not bad': Trump praises billionaire gains after tariff pause sparks rally

Billionaires earned $304 billion in a day after Trump paused tariffs; Musk up $36 billion. Critics allege market manipulation over his bullish post before the surprise move

Tesla halts Model S, Model X orders in China as sales drop and tariffs bite

Tesla has removed the 'order now' option for Model S and Model X in China as it battles falling sales, rising local competition, and deepening US-China trade tensions

Xi heads to Southeast Asia to rally support amid Trump's tariff offensive

As Trump intensifies tariffs on Chinese goods, Xi Jinping will visit Vietnam, Malaysia and Cambodia next week to strengthen regional alliances and counter US pressure

China tech faces worry beyond Trump tariffs after $350 billion wipeout

The Hang Seng Tech Index has shed more than $350 billion in market value since a March high, though it has gained about 9 per cent over the past three sessions

Trading guide, April 11: Trump 90-day tariff halt, global sell-off, TCS Q4

In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.

Trump trade war with China revives recession, bear market fears

Battered global markets and anxious global leaders welcomed Wednesday's reprieve when Trump suddenly decided to freeze most of his hefty new duties for 90 days

Amazon cuts China orders as US tariffs jump to 125%, sellers feel strain

US raises tariffs on Chinese imports to 125 per cent from earlier stated 104 per cent. This came after China retaliated with 84 per cent tariffs on US goods

China says open to dialogue with US, but 'threats not the right way'

The Chinese spokesperson said the Asian nation is hopeful of working with the US to resolve differences through dialogue

'Storms can't overturn sea': Xi Jinping's speech resurfaces amid trade war

A 2018 speech by Chinese President Xi Jinping goes viral as US and China implement tit-for-tat tariffs on one another

How far will Trump's tariffs go? A timeline of US-China trade war

US-China trade war: 20, 54, 104, 125 per cent tariffs, company backlisting, antitrust probes, lawsuits, and more

China reaches out to others for support against US as Trump adds tariffs

China is reaching out to other nations as the US layers on more tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat. Days into the effort, it's meeting only partial success from countries unwilling to ally with the main target of President Donald Trump's trade war. Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favorable conditions. China has refused to seek talks, saying the US was insincere and that it will fight to the end in a tariff war, prompting Trump to further jack up the tax rate on Chinese imports to 125%. China has retaliated with tariffs on US goods of 84%, which took effect Thursday. Trump's move was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China. China has thus far focused on Europe, with a phone call

'Do not retaliate': White House warns as Trump slaps 125% tariffs on China

US imposes 125 per cent tariffs on all Chinese goods; China hits back with 84 per cent tariffs on all US imports, escalating trade tensions between the world's two largest economies

Trump compliments Xi Jinping, calls him 'a very smart man' amid tariff war

His remarks come amid the escalating tensions between two strong economies of the world. Trump on Wednesday (IST) raised China's reciprocal tariffs to 125 per cent

India too big to be used by US against China, says economist Jeffrey Sachs

Jeffrey Sachs warns India against US geopolitical strategies amid trade war triggered by Trump tariffs