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Trump, China and the New Power Politics in Asia
Chinese exports are booming—but ties with the U.S. are collapsing. Across Asia, from Beijing to Manila, Washington’s shifting strategy under Trump is reshaping alliances and testing security guarantees that have underpinned the region for decades. ...
IMF Meetings Begin Under Fresh Cloud of U.S.-China Trade Tensions
The IMF and World Bank's semi-annual gathering of finance ministers and central bank governors got underway in Washington on Monday, against the backdrop of new trade threats between the world's two largest economies. Last week, China unveiled new export restrictions on ...
Singapore Probes Firm Accused of Illegally Supplying Nvidia Chips to China Amid U.S. Export Crackdown
Singaporean authorities have launched an investigation into a local firm, Megaspeed, that allegedly sold millions of dollars' worth of Nvidia chips to users in China, a violation of U.S. export controls. “The Singapore Police Force confirms that investigations are ongoing into ...
China’s Export Surge Masks a Growing Risk for Developing Economies
New Chinese trade data released on Monday reveals that developing countries are now the frontline in the rapidly escalating trade war between Beijing and Washington. Chinese exports in September surged 8.3%, according to new data released by the General Administration of ...
China Trade Beats Forecasts in September as Tariff Fears Rise
By Peter Catterall China's trade grew faster than expected last month, official data showed Monday, though fresh fears are rising of a major escalation in the tariff war between Beijing and Washington. The world's second-largest ...
As China Buys From South America, U.S. Farmers Reel From Soybean Slump Amid Escalating Trade War
By Beiyi Seow The U.S. soybean harvest is underway and in rural Maryland, farmer Travis Hutchison cracks open a pod to show how a field is nearly dry enough for reaping. But a decent yield ...
Trump Says U.S. ‘Wants to Help China, Not Hurt It’
President Donald Trump said Sunday the United States wants to help China, not hurt it, striking a conciliatory tone days after threatening an additional 100 percent tariff on the world's second-largest economy. Trump's statements on Friday as well as his threat ...
China to License Rare-Earth Exports to Screen Security Risks
China’s Commerce Ministry on Sunday says rare-earth export licenses will screen security risks, not halt trade nor impose an export ban. Compliant civilian applications “will get approval,” with a “very limited” supply-chain impact. It says partners were notified in ...
China Accuses U.S. of ‘Double Standards’ Over New Tariffs Threat
China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional 100 percent tariff on the world's second-largest economy. Trump reignited his trade war with China on Friday, accusing Beijing of imposing "extraordinarily aggressive" new ...
U.S. Expands Iran Sanctions, Targeting Chinese Firms Tied to Oil Shipments
The United States on Thursday imposed sanctions on dozens of people, companies and ships tied to Iran's oil sector, stepping up its campaign against a key revenue source for Tehran. The Treasury announced more than 50 targets aimed at people who ...
WEEK IN REVIEW: Vietnam Surpasses China in U.S. Apparel Market
Brazil exported 77 million tons of soybeans to China in the first eight months of the year, more than enough to offset the loss of the U.S. as a supplier, according to new data from the American Farm Bureau Federation. The group also noted U.S. exports of corn, wheat, and ...
Kenya Swaps $3.5 Billion in Chinese Railway Debt From Dollars to Yuan, Cutting Costs and Boosting Beijing’s RMB Push
Kenya and China have agreed to restructure the East African country's loan portfolio by converting an estimated $3.5 billion of outstanding debts from U.S. dollars into Chinese yuan. The amount is believed to be the remainder of more than $6 billion of ...