President Donald Trump’s administration has announced a sweeping new tariff of up to 245% on Chinese imports, sharply escalating the trade conflict between the United States and China. The decision, detailed in a fact sheet released late Tuesday by the White House, comes in response to Beijing’s recent export restrictions and retaliatory tariffs. US President…
Five days into the new administration, the White House announced on Friday that it was conducting a “compliance review” of what it termed the “Economic and Trade Agreement” between China and the United States. A statement by the Office of the US Trade Representative (USTR) said the intent was to determine if China is “acting…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump’s America first trade policy: US-China 2020 deal is again under scrutiny US President Donald Trump and former Chinese vice-premier Liu He sign the phase-one trade deal…
Newly appointed US president Donald Trump announced plans to impose 25 percent tariffs on imports from the two major US trading partners, Canada and Mexico starting from February 1.He accused the two nations for not failing to tackle illegal immigration and the flow of narcotics into the United States, and pledged to use tariffs extensively…