Category: Week in Review

U.S. President Donald Trump said he won’t consider pulling back the 145% trade tariffs imposed on Chinese goods to spur a trade deal. Asked by reporters on Wednesday if he would consider lowering tariffs to get China to the negotiating table, he simply said, “No.” Asked what he ...

U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...

U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...

U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...

Chinese Foreign Minister Wang Yi will travel to Kazakhstan on Friday for the Sixth China-Central Asia Foreign Ministers’ Meeting. The visit will also include a strategic dialogue with his Kazakh counterpart. From there, he will move on to the BRICS Foreign Ministers’ meeting in Brazil on Monday. (CHINESE ...

U.S. Defense Secretary Pete Hegseth expressed new concerns about Chinese engagement in Latin America. “China’s military has too large of a presence in the Western Hemisphere,” Hegseth said at a security conference in Panama. “Make no mistake, Beijing is investing and operating in this region for military advantage ...

The Chinese authorities are reportedly stopping Chinese companies from investing in the United States. Bloomberg reports that China’s key economic planning agency, the National Development and Reform Commission, has halted registration and approval processes for firms that want to invest in the U.S. It is unclear how long ...

The Chinese electric vehicle giant BYD reportedly plans to double its annual sales outside of China to more than 800,000 cars in 2025. The company’s chairperson, Wang Chuanfu, said it plans to evade tariffs by expanding local assembling and that it sees “great opportunities” in Latin America and ...

Reuters reports that the Trump administration’s proposed fees on Chinese-made ships are starting to affect U.S. exports. U.S. coal and agricultural products are accumulating as exporters struggle to find ships to send goods abroad. The administration has plans to impose levies of up to $1.5 million on Chinese-made ...

China’s Ministry of Commerce reportedly met on Tuesday with executives from Walmart, following reports that the U.S. retail giant was trying to force Chinese suppliers to lower prices to absorb U.S. government tariffs and shield American consumers from price increases. U.S. Treasury Secretary Scott Bessent said in ...

China will push its steel sector to lower production output to drive up prices. The National People’s Congress was told that restructuring in the sector would be encouraged. The size of the output cuts was not specified. The move comes as many Global South countries have put duties ...

Chinese President Xi Jinping told Politburo and State Council officials to remain calm in the face of international and domestic pressure. China “must enhance its political capabilities and calmly respond to challenges brought about by changes in the domestic and international situation,” he was quoted by Xinhua. The ...