Page 20 - Us China

China expresses confidence in ability to manage trade tensions with US

The weekend talks involving top US and Chinese economic and trade officials are widely seen as a first step towards resolving a trade war

From Apple to GM, Trump tariffs to cost companies tens of billions

Among US companies that have disclosed financial projections so far, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs in the current quarter

Who is He Lifeng, the Chinese official leading high-stakes US trade talks?

He Lifeng, China's Vice Premier and close ally of Xi Jinping, is set to lead crucial trade talks with the US in Switzerland amid rising tensions, as both sides face escalating tariffs

'Arranged at the request of the US': China on high-level trade talks

US-China trade war: Beijing urges respectful dialogue ahead of high-level trade talks with Washington in Switzerland

China condemns CIA recruitment videos as 'provocation', vows retaliation

Foreign Ministry spokesperson Lin Jian, speaking at a briefing on Tuesday, called the CIA's campaign "a serious infringement on China's national interest and pure political provocation"

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