Beijing calls on Washington to ‘completely cancel’ its reciprocal tariffs amid an escalating trade war. China has welcomed the announcement by the United States of a series of exemptions from import levies on consumer electronics, which it said was a “small step” in correcting President Donald Trump’s “wrong practice” of imposing 145 percent tariffs on…
Beijing issues its second-highest gale alert as strong winds hit the capital region. Hundreds of flights have been cancelled and public parks are closed in Beijing, as strong winds driven by a cold vortex from neighbouring Mongolia felled hundreds of trees and crushed cars across the Chinese capital. Beijing issued its second-highest gale alert on…
Beijing to challenge Washington before the WTO, saying the Trump administration to blame for the global economic ‘turbulence’. China has announced it would raise tariffs on all United States goods to 125 percent, further deepening a trade war between the world’s two largest economies. “The US’s imposition of abnormally high tariffs on China seriously violates…
China’s National Film Administration says US movies will be less popular after Washington imposed a 145 percent tariff on Chinese imports. China has moved to “moderately reduce” the release of Hollywood films in the Chinese market in the latest front of the growing United States-China trade war. China’s National Film Administration directly linked their decision…
US President Donald Trump’s abrupt decision to implement a 90-day pause on the tariffs he imposed on dozens of countries has sent battered stock markets surging, even as he ratcheted up his trade war with China. Trump’s turnaround on Wednesday, which came just 13 hours after the duties had gone into effect, followed the most…
TAIPEI, Taiwan (AP) — China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into the effort, it’s meeting only partial success with many countries unwilling to ally with the main target of…
A steep 84 percent tariff on all United States goods entering China has kicked in, ratcheting up a trade war with Washington while calling for a dialogue “on the basis of mutual respect and equality”. The new rate – a 50 percent hike on Beijing’s previous 34 percent levy on US goods – took effect…
Hong Kong’s benchmark stock index soared, tracking advances across most Asia-Pacific markets, after US President Donald Trump put a 90-day pause on his import tariffs for most of America’s trading partners except China. The Hang Seng Index rose 4.5 per cent to 21,169.82 at 10am local time, the biggest jump since October. On the mainland,…
On April 2, 2025, President Donald Trump declared a 10 percent tariff on all imports, effective on April 5, with additional country-specific tariffs set to commence on April 9. The announcement sent shockwaves through the global economy, triggering the worst two-day loss in United States stock market history. On Thursday and Friday alone, $6.6 trillion…
Hong Kong and other major stock markets in the Asia-Pacific region traded lower on Wednesday following a rebound a day earlier, as US President Donald Trump’s hefty tariffs on China took effect. The Hang Seng Index slumped 1.6 per cent to 19,815.24 at the noon trading break, the lowest level since January 23. The Hang…