Page 22 - Us China

Tariffs on China 'retaliatory' for fentanyl distribution: US press secy

'I don't have any updates on when that call will take place,' adding that the call is being scheduled and would 'happen very soon' Karoline Leavitt said

Xi Jinping's careful reply to Trump tariffs shows China has more to lose

China is being restrained because it "has more to lose," due to its huge trade imbalance with the US, according to Larry Hu, head of China economics at Macquarie Group Ltd

China launches antitrust probe into Google, labels 2 other firms unreliable

China Tuesday announced a flurry of retaliatory measures against the US, including tariffs on imports of products such as coal, liquefied natural gas products and crude oil, as well as an antitrust probe into Google. It also placed two other US firms on an unreliable entity list that could bar them from investing in China. China and Google have had a long and entangled relationship going back to the early 2000s. Here's a look at Google's history in China and what the antitrust probe means for the company: What is Google's relationship with China? Google launched Chinese-language search engine google.cn in 2006. It was censored to comply with Beijing's laws, and in 2009, was a major search engine in China with about 36% market share. In 2010, in response to a cyberattack and an increasing unwillingness to comply with censorship rules, Google said it was no longer willing to block search results and shut down its Chinese search engine, redirecting users to its Hong Kong site ...

US, Philippine jets jointly patrol disputed shoal region guarded by China

US and Philippine fighter aircraft staged a joint patrol and training Tuesday over a disputed South China Sea shoal where Chinese fighter jets fired flares last year to drive away a Philippine aircraft, Philippine officials said. The joint patrol and air-intercept drills over the hotly disputed Scarborough Shoal off the northwestern Philippines were the first by the longtime treaty allies since US President Donald Trump took office again. Trump's America First foreign policy thrust has sparked concerns among Washington's allies in Asia about the scale and depth of US commitment to the region in his new term. His predecessor, Joe Biden, had moved to strengthen an arc of security alliances in the region to counter China's increasingly assertive actions. Two US Air Force B-1 bomber aircraft and three Philippine Air Force FA-50 fighter jets joined the brief patrol and training, which involved practising how to intercept a hostile aircraft, Philippine air force spokesperson Maria Consuel

US-China trade war to benefit Indian exporters in increasing shipments

The trade war between the US and China is expected to benefit Indian exporters in increasing their shipments to the American market, sources said. They said the country was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump's first tenure. After coming to power again, Trump on Saturday signed an order to impose stiff tariffs on imports from China, fulfilling a campaign promise but raising the prospect of increased prices for American consumers. "India is likely to gain out of this trade war. Significant rise in exports are expected from India," a source said. Exporters have also stated that the imposition of customs duties by the US on imports from China provides huge export opportunities for India to America. The tariffs would affect exports from China to the US as they would push prices of their goods in the American market, making them less competitive. "The move can create opportunities for Indian exports due to the tr

Trump plans to speak with Xi Jinping as deadline for China tariffs looms

China's reaction to Trump's initial tariff announcement - coming in the middle of a weeklong Lunar New Year holiday - was relatively muted

India set for electronics boost amid Trump's tariffs on Chinese imports

The US-China tariff conflict gives India's tech industry a boost as global brands like Apple and Motorola expand exports from India, capitalising on the US tariffs against China's electronics

Trump bans China's 'de minimis' route: What it is and why it matters

Trump's new tariffs suspend China's de minimis exemption, blocking duty-free shipments under $800 - a move aimed at curbing fentanyl inflows and impacting Chinese e-commerce firms

Will take canal back or something powerful will happen, Trump warns Panama

Military intervention would likely not be required but Panama has breached its agreement with the US, said President Donald Trump

China denounces US tariffs, says they are open for talks to avoid conflict

Beijing's Commerce and Finance ministries said China will challenge the decision before the World Trade Organization and take unspecified "countermeasures"

Donald Trump imposes 25% tariffs on Canada and Mexico, 10% on China

Trump's tariffs deliver on a threat to punish the three countries for what he says is a failure to prevent the flow of undocumented migrants and illegal drugs

US businesses prepare for Donald Trump's tariffs to drive up expenses

From an ice cream parlour in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump imposed Saturday on imports from Canada, Mexico and China America's three biggest trading partners. The levies 25 per cent on Canadian and Mexican and 10 per cent on Chinese goods will take effect Tuesday. Canadian energy, including oil, natural gas and electricity, will be taxed at a lower 10 per cent rate. Mexico's president immediately ordered retaliatory tariffs and Canada's prime minister said the country would put matching 25% tariffs on up to USD 155 billion in US imports. China did not immediately respond to Trump's action. The Budget Lab at Yale University estimates that Trump's tariffs would cost the average American household USD 1,000 to USD 1,200 in annual purchasing power. Gregory Daco, chief economist at the tax and consulting firm EY, calculates that the tariffs

Trump tariffs, reforms target loophole used by Chinese online retailers

Under the de minimis exemption, products below that amount are able to enter the US without tariffs, boon for China's e-commerce retailers who ship often cheaper wares directly to consumers in the US

China vows unspecified measures to counter US tariffs, threatens WTO action

China "firmly opposes" the levy and will file proceedings to the World Trade Organization, a spokesperson from the Ministry of Commerce said in a statement

Former Fed employee arrested for leaking US trade secrets to China: US DoJ

US Department of Justice stated that on February 4, 2020, in response to questioning by the FRB-OIG, Rogers lied about his accessing and passage of sensitive information and his associations

Trump's tariffs on Canada, China, and Mexico likely to take effect today

Trump, the 47th US President and a Republican has been threatening to impose tariffs to ensure there is greater cooperation from the countries to stop illegal immigration into the US

Trump's desire for Greenland, Panama Canal legit amid China concerns: Rubio

Secretary of State Marco Rubio says President Donald Trump's desire to acquire Greenland and retake control of the Panama Canal is driven by legitimate national security interests stemming from growing concerns about Chinese activity and influence in the Arctic and in Latin America. Ahead of a trip to Central America that will start in Panama this weekend, Rubio said Thursday that he could not predict if Trump would succeed in buying Greenland from Denmark or restoring American authority over the Panama Canal while he is office. But he said the attention that Trump will give to both would have an impact. What I think you can rest assured of is that four years from now, our interest in the Arctic will be more secure; our interest in the Panama Canal will be more secure, Rubio said in an interview with SiriusXM host Megyn Kelly. Rubio will arrive in Panama on Saturday on his first official foreign trip as America's top diplomat, signalling the importance that both he and Trump place o

Donald Trump barrels toward tariff showdown with Canada, Mexico, and China

Whatever Trump decides sets the stage for a separate review aimed at China, as well as Canada and Mexico, that could tee up even more tariffs as soon as April

Marco Rubio stresses 'America First' in call with China's FM Wang Yi

Rubio emphasized to Wang that the new US administration would pursue a relationship with China that 'advances US interests and puts the American people first'

US Prez Donald Trump flexes tariff threat as 'big power' over China

The president had praise for Kim, saying the North Korean leader "happens to be a smart guy" and isn't a "religious zealot" like the leaders of Iran. Trump said he plans to reach out to Kim