Tag: tariffs
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China Pushes for Global Support in Tariff Fight at UN
China took the unusual step of raising current U.S. trade measures at the United Nations Security Council. Departing from usual convention, China’s envoy to the UN, Fu Cong, repeatedly called out the United States by name, criticizing the “incessant chaos in the international landscape.” ...
China Slams ‘Appeasement’ of U.S. as Nations Rush to Secure Trade Deals
By Sam Davies China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, vowing countermeasures against those who "appease" Washington in the blistering tariff war as its neighbors rush to secure favorable terms ...
WEEK IN REVIEW: U.S. Plans to Use Tariff Talks to Curb China Ties
The U.S. chip manufacturer Nvidia said it could face a $5.5 billion loss from new restrictions on the sale of its H20 chips to China, communicated by the Trump administration to the company last week. The H20 (released in 2024) was designed around already stringent U.S. export rules ...
Xi Emphasizes Trade as He Kicks Off Southeast Asian Tour
Chinese President Xi Jinping arrived in the Vietnamese capital of Hanoi on Monday, the first visit in his tour of Southeast Asia. He was met by the country’s President Lu’o’ng Cu’ò’ng. Xi will also make stops in Malaysia and Cambodia. Trade will likely be the dominant theme ...
Singapore Downgrades Growth Forecast Amid U.S.-China Trade War
Singapore on Monday downgraded its economic growth forecast for this year, the government said, as the trade-dependent nation braces for the effects of sweeping U.S. tariffs and the U.S.-China trade war. Although President Donald Trump imposed the baseline 10 percent tariffs ...
Xi Warns Protectionism ‘Leads Nowhere’ as Starts SE Asia Tour
By Alice Philipson with Mary Yang in Beijing Chinese leader Xi Jinping warned Monday that protectionism "leads nowhere" and that a trade war would have "no winners," state media said, as he was due to kick off a tour of Southeast ...
WEEK IN REVIEW: U.S. Warns of Growing Chinese Military and Economic Influence in Latin America
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 ...
Australia Rebuffs China’s Appeal to ‘Join Hands’ in Trade
Australia rebuffed China's appeal to "join hands" to defend trade on Thursday, as Beijing looks for partners to help it blunt U.S. tariffs now ratcheted up to 125 percent. Ambassador Xiao Qian urged Australia and other trading partners to "jointly respond ...
Offshore Trading of China’s Currency Sinks to Historic Low, Presenting Yet Another Problem for Developing Countries
China’s offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...
Malaysia Says to Host China’s Xi From April 15
Malaysia's government announced Wednesday it will host Chinese President Xi Jinping for a three-day visit next week, as the two countries grapple with tariffs imposed by the United States. The state visit will go from April 15 to 17, Communications Minister ...
China Vows to “Fight to the End” Against Additional Tariffs
China’s Commerce Ministry pushed back against U.S. President Donald Trump’s threat to impose an additional 50% tariff on Chinese goods. On Monday, Trump said on his Truth Social account that he would levy the additional fee if Beijing doesn’t cancel a 34% retaliatory tariff announced in response to ...
China and the New World Trade War
U.S. President Donald Trump insisted on Monday that he will not back down from his massive tariff campaign that he launched last week and even promised to impose even higher duties on Chinese goods in response to Beijing's 34% tariff retaliation ...