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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

US lawmakers introduce bill to repeal China's preferential trade status

China is the US's largest trading partner, with bilateral trade hitting a record $690.6 billion in 2022

Trump's disruptive agenda: US-China rapprochement may pose risks for India

Mr Trump has sought to give a reprieve to the Chinese-owned TikTok, the popular video-sharing app, which had been banned from the US, a ban upheld by the Supreme Court

Weighing 10% tariff threat on China, says Trump a day after taking office

Trump during his campaign pledged sweeping tariffs against other nations, including levies of 60 per cent on Chinese products

Trump's biggest China threat is not TikTok but critical infrastructure

Chinese hackers are burrowing into the networks of major critical US infrastructure, including energy grids, water treatment plants and transportation networks

China is hopeful, but on edge as Trump returns to the White House

In recent months, he has said he would add tariffs of at least 10 per cent on top of what is already imposed on Chinese goods, a move that would hurt China at a time when its economy is struggling

Chinese President's envoy meets Vance, Musk on eve of Trump's inauguration

China's vice president held meetings with the US vice president-elect and US business leaders, including Elon Musk, in Washington on the eve of Donald Trump's inauguration, as the two major powers tackle ongoing tensions over trade and technology. Han Zheng, who serves as an envoy for Chinese President Xi Jinping at the inauguration, discussed a range of topics including fentanyl, balancing trade and regional stability with J D Vance, according to the Trump transition team. Han stressed the extensive common interests and enormous space of cooperation the United States and China share in economic and trade relations despite some disagreements and frictions, according to a readout of his meeting with Vance issued by the Chinese Foreign Ministry on Monday. Trump has threatened to impose tariffs and other measures against China in his second term, while also hinting and ways in which the two rival powers could cooperate on issues such as regional conflicts and curbing the export of ...

China faces Trump's return just as its reliance on exports increases

China's record trade surplus of nearly $1 trillion last year was equivalent to more than 5 per cent of its gross domestic product, the highest level since 2015

Trump wants to visit China, talked about possible trip to India: Report

President-elect Donald Trump wants to travel to China after he takes office as part of his effort to deepen relations with Beijing, and also has talked to advisors about visit to India, a media report said Saturday. Trump, who arrived at the Dulles International Airport aboard a special plane along with First Lady Melania and son Barron, had during his election campaign threatened to impose additional tariffs on China. President-elect Donald Trump has told advisors he wants to travel to China after he takes office, according to people familiar with the discussions, seeking to deepen a relationship with Xi Jinping strained by the president-elect's threat to impose steeper tariffs on Chinese imports, The Wall Street Journal reported. Trump has also talked to advisers about a possible trip to India, according to people close to him, the financial daily said. According to familiar sources, a preliminary level of talks were initiated when External Affairs Minister S Jaishankar visited ..

How TikTok grew from a fun app to potential national security threat in US

If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to US officials. On April 24, President Joe Biden signed legislation requiring TikTok parent ByteDance to sell to a US owner within a year or to shut down. TikTok and its China-based parent company, ByteDance, filed a lawsuit against the US, claiming the security concerns were overblown and the law should be struck down because it violates the First Amendment. The Supreme Court on Friday unanimously upheld the federal law banning TikTok beginning Jan 19 unless it's sold by ByteDance. Here's how TikTok came to this juncture: -- Mar