The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its…
China’s sanctions on Hanwha Ocean will drive up the firm’s costs in the medium term but may also end up boosting South Korean ties with the US over the long term as Washington seeks to expand naval shipbuilding capacity, analysts said. Last week, the Chinese commerce ministry announced it had imposed sanctions on five US-based…
Blame games, tit-for-tat threats, off-again on-again meetings between US President Donald Trump and Chinese President Xi Jinping, and wild tariff swings seem to be the recent order of the day. According to former government officials and analysts, however, this should come as no surprise – it’s just the price you pay when diplomatic norms are…
US President Donald Trump on Friday announced sweeping new trade penalties against China, declaring that the United States will impose a 100% tariff on all Chinese goods — in addition to existing duties — effective November 1, 2025, or sooner if Beijing takes further “aggressive” actions. The President also said that the US will place…
China stuck to its stance on the future of TikTok in the US on Saturday, a day after President Donald Trump said a deal to switch short video app TikTok to US-controlled ownership was progressing. “China’s position on TikTok is clear: The Chinese government respects the wishes of the enterprise, and welcomes it to carry…
China and the US should manage their differences and expand cooperation through “equal dialogue and consultation”, senior Chinese trade negotiator Li Chenggang said during a visit to the United States amid a trade war truce between the two powers. Li wrapped up his three-day visit on Friday after meeting with officials from the US Department…