Senior American and Chinese officials began tense negotiations in Geneva on Saturday in a bid to cool a spiralling tariff dispute that threatens global trade. US treasury secretary Scott Bessent and trade representative Jamieson Greer are meeting Chinese Vice Premier He Lifeng, marking the first direct contact between the two sides since US President Donald … Read more
China has brushed aside concerns over the impact of US tariffs on its exports, even as tensions between Beijing and Washington continue to unsettle global markets. Chinese official Lyu said, “The sky won’t fall” for Chinese exports, adding, “These efforts have not only supported our partners’ development but also enhanced our own resilience.” Despite the … Read more
The United States and China are barreling towards a complete breakdown of bilateral ties as the tit-for-tat tariff war escalated on Friday. Beijing increased levies on American imports to 125 percent in response to Washington hiking taxes on Chinese imports to 145 per cent, virtually decimating the $600 billion annual trade between them. Beyond that, … Read more
The fight between Xi Jinping and Donald Trump around trade and exports will see new highs after January 20, when Trump takes office as the US President. For starters, Trump is planning on imposing a whopping 60% tariff on products brought into the US from China, something that could expectedly weaken the demand for Chinese-made … Read more
China is preparing to impose some new export restrictions on specific critical technologies used in the production of electric vehicle (EV) batteries while including those for processing lithium and gallium. This recent move comes as tensions rise with the incoming US President- elect Donald Trump administration which has indicated a severe willingness to impose several … Read more
China’s top diplomat expressed hope on Tuesday that the incoming Trump administration would foster cooperative ties with Beijing, hours after former President Donald Trump remarked that the COVID-19 pandemic had strained his once-cordial relationship with Chinese President Xi Jinping, as per Reuters. “We hope the new U.S. administration will make the right choice and work … Read more
Tensions are rising between the US and China over semiconductor technology, a report has said. China has threatened to retaliate against potential new US export restrictions where the Biden administration is reportedly planning to unveil curbs on chip-related exports to China and blacklist 200 companies. According to a report by news agency Reuters, the Chinese … Read more
United States President Joe Biden met with Chinese President Xi Jinping for the last time in Peru on Saturday, The Hill reported. Biden met with Xi on the sidelines of the Asia-Pacific Economic Cooperation summit in Peru on Saturday. As per The Hill, during the meeting, Xi said that China is “ready to work” with … Read more
President Joe Biden’s team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump’s tenure, as it tries to tamp down skyrocketing inflation. It has considered a combination of eliminating some tariffs, launching a new “Section 301” investigation into potential areas for additional … Read more