As tensions in the US-China trade war escalate, Chinese President Xi Jinping finds himself in a difficult position, unable to make the economically rational move of negotiating directly with Donald Trump, according to China expert Gordon Chang. Speaking on FOX Business, Chang explained that Xi’s political standing within the Chinese Communist Party (CCP) makes it…
Beijing: China is refusing to back down against the United States’ aggression even as US President Donald Trump increases levies on Chinese imports to a punishing 125 per cent. Beijing on Thursday warned that American tariffs go “against the whole world” and asked Washington to meet it “halfway” in a mounting trade war between the…
A viral social media post has drawn a ‘zodiac’ link in the Donald Trump-Xi Jinping tariff war. This comes as the US president on Wednesday announced 125% tariffs on China as Beijing’s 84% charge on American goods takes effect. An X user noted that the two leaders are both Gemini and will engage in a…
How do you deal with a bully? If you are China, you stand up to your bully, vowing that it will “fight to the end”. On Monday (April 7), signs of an all-out trade war loomed between the US and China after President Donald Trump threatened Beijing with another 50 per cent tariff unless it…
Asian stock markets took a nosedive on Monday after Wall Street suffered a meltdown on last Friday, following the hike in tariff rates and announcement of counter-tariffs from Beijing. Tokyo’s Nikkei 225 index fell nearly 8% right after the market opened, and an hour later, it was down 7.1% at 31,375.71. However, the markets don’t…
United States President Donald Trump on April 6 told reporters that China is holding back on approval for the sale deal for TikTok as a response to his tariffs, AFP reported. Speaking to reporters aboard Air Force One, Donald Trump said that China “changed the deal because of tariffs”, and insisted that they would agree…
US President Donald Trump, who had initially expressed frustration over China’s decision to retaliate with 34 per cent tariffs on American goods, appeared to soften his stance on the issue by offering a potential solution to the trade standoff. Trump offered to lower US tariffs on Chinese goods if China lets TikTok sell its US…
WASHINGTON — Across-the-board 10% tariffs on nearly all imports — one-half of President Donald Trump’s “Liberation Day” tariffs — went into effect early Saturday, amid continued economic fallout from Trump’s plan. More severe tariffs on imports from several dozen countries — including a 34% tax on Chinese goods and a 20% tax on European Union…
China on Thursday said it “firmly opposes” sweeping new US tariffs on its exports and vowed “countermeasures to safeguard its own rights and interests”. China also accused the United States of a “typical unilateral bullying practice”.(Reuters) US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports…
US President Donald Trump indicated a reduction in tariffs imposed on China to reach an agreement with ByteDance for TikTok’s sale, a platform used by 170 million people in the US, reported Reuters. “With respect to TikTok, and China is going to have to play a role in that, possibly in the form of an…