FILE PHOTO: Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website. | Photo Credit: AP Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world’s two largest economies exchange blows in a…
US President Donald Trump’s sharp increase in tariffs on Chinese products brings Washington’s extra rate on most products to 145 percent, the White House confirmed on Thursday. While Trump has paused fresh tariffs on dozens of countries for 90 days on Wednesday, he has intensified pressure on Beijing by raising new tariffs on Chinese imports…
In a dramatic twist during an already volatile trade showdown, US President Donald Trump heaped praise on Chinese President Xi Jinping, calling him “one of the smartest people in the world” even as both Washington and Beijing lobbed escalating economic threats at each other. The tensions flared further when Trump executed a stunning volte-face –…
Threats and pressure are not the right way to deal with China, a foreign ministry spokesperson said on Monday when asked about U.S. President Donald Trump’s “reciprocal tariffs”. The tariffs are “typical unilateral and protectionist bullying“, spokesperson Lin Jian told a regular press conference, adding that U.S. tariffs in the name of reciprocity only serve…