President Donald Trump expressed optimism that talks with Chinese officials could yield an agreement to defuse the crisis that saw the US leader threaten to drastically hike tariffs
In a filing to the US Department of Transportation, Air China said it opposes the proposal, arguing that it would cause inconvenience to passengers
This comes after China's Ministry of Commerce (MOFCOM) on Tuesday announced sanctions against five US-based subsidiaries of South Korea's Hanwha Ocean
Scott Bessent said both Trump and Xi have an 'excellent relationship', adding that the level of trust between the two leaders is the reason that things have not escalated further
China's biggest state-owned air carriers have hit back at a US proposal to bar them from flying over Russia when travelling to or from the US. The US side has said such flights give Chinese airlines an unfair cost advantage over American carriers, which cannot cross through Russian airspace. Moscow closed Russian airspace to US air carriers and most European airlines in 2022 in response to Western sanctions for Russia's invasion of Ukraine. Air China, China Eastern and China Southern are among six Chinese airlines filing complaints over the order proposed last week to prohibit such flights by Chinese carriers. China Eastern said in its filing this week to the US Department of Transport that the proposed ban would harm the public interest" and "inconvenience travellers from both China and the US. The additional flight time would result in higher costs and elevated air fares, which increases the burden on all travellers, it said. China Southern warned that a Russian airspace ban woul
Scott Bessent's remarks come days after US President Donald Trump announced plans to impose an additional 100 per cent tariffs on China, starting November 1
When asked about reports concerning Chinese port fees imposed on US vessels, Trump downplayed their significance
The Ministry of Commerce said Tuesday it was placing limits on five US entities of Hanwha Ocean Co., one of South Korea's biggest shipbuilders
Approvals are taking longer, although generally still within the commerce ministry's 45 business day deadline, but the scrutiny is now similar to April, at the height of the trade war
Cosco Shipping could face $1.5-2.1 billion in US port fees in 2026, OOIL up to $654 million, while non-Chinese carriers see limited impact due to use of non-China-built ships
The recent tensions are now casting a shadow over a planned meeting between Trump and his Chinese counterpart, Xi Jinping, in South Korea on the sidelines of the Apec forum later this month
Early this year, Trump's administration announced plans to levy the fees on China-linked ships to loosen that country's grip on the global maritime industry and bolster US shipbuilding
China rejects recent US sanctions, calls high tariffs counterproductive, and urges Washington to resolve differences through dialogue based on equality, respect, and mutual benefit
China's Commerce Ministry issued new documents on rare earth export controls which couldn't be opened using MS Word or any other American word processor but only with homegrown software, WPS Office
The US is ramping up efforts to secure key minerals, aiming to reduce its reliance on China for materials critical to defence systems, technology and manufacturing
US President Donald Trump softened his tone on China, calling Xi Jinping 'highly respected', even as he unveiled 100% tariffs and hinted at canceling their meeting
US president's move follows China's warning of sweeping export controls from November 1, reigniting fears of global trade disruption ahead of possible Xi-Trump talks at APEC
Amid US-China trade tensions and economic vulnerabilities, India must seize the "China +1" opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth
After China unveiled wide-ranging global export controls on products containing even traces of certain rare earths this week, Trump fired back by threatening to cancel an in-person meeting with Xi
Beijing called Trump's new tariff plan 'a typical example of double standards', warning of countermeasures as fresh restrictions on rare earth exports deepen trade tensions before the Xi-Trump summit