WASHNGTON (AP) — A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing, pushing to roll back a nearly 25-year-old decision that helped bring about China’s rapid economic growth but that many in Washington now see as hurting U.S. interests. In its annual report to Congress released Tuesday, the U.S.-China Economic…
WASHINGTON — A congressional advisory body is calling for urgent measures to counter China’s rapid advancements in artificial intelligence, quantum computing, biotechnology, and space technologies. The U.S.-China Economic and Security Review Commission in its annual report released Nov. 19 highlights the Chinese government’s state-led investments and “techno-nationalist” strategies as key drivers behind its progress in…
US Representative John Moolenaar on Thursday introduced a bill that would revoke the normal trade relations Washington has had with Beijing for more than two decades, joining China hawks in the Senate in a bid to decouple the countries’ economies. As proposed, the measure would set minimum 35 per cent tariffs on Chinese imports, allow…
China must be careful not to engage in another round of tit-for-tat tariffs when Donald Trump returns to the White House, a highly regarded Beijing-based analyst has urged. “We need to be very careful not to fall into the tit-for-tat trap, that vicious cycle, again,” Da Wei, director of the Centre for International Security and…
Europe is making a last-ditch appeal to the outgoing Biden administration to boost American support for Ukraine in order to solidify Kyiv’s position as much as possible before the presidential term ends in January. Donald Trump, who takes office Jan. 20, has said he’d seek a quick deal between Kyiv and Moscow, raising concerns in…
JGI/Tom Grill | Tetra images | Getty Images At a recent campaign rally, President-elect Donald Trump promised new financial help for family caregivers. “I will support a tax credit for family caregivers who take care of a parent or a loved one,” Trump said during an October speech at New York’s Madison Square Garden. “It’s…
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump. The largest token has jumped about 30% since the US election on Nov. 5 and reached an all-time high of $89,599 in early…
China will brief on a plan to allow local governments to refinance their off-balance-sheet debt at 4 p.m. on Friday in Beijing, where officials are expected to unveil more details of a fiscal package to help the slowing economy. Finance Minister Lan Fo’an and Xu Hongcai, director of the budget committee of the National People’s…
China’s bond traders are watching a key legislative meeting this week where lawmakers are expected to approve a fiscal package worth trillions of yuan. An increase in bond sales to prop up economic growth is expected, but the question is just how large the new stimulus will be. A surge in issuance may weigh on…
Stocks hit all-time highs following early-morning news that former President Donald Trump is once again President-elect Donald Trump. US yields jumped and the dollar saw its best day since 2022 as investors cheered the Republican’s return to the presidency and the potential for what increasingly looks like his party’s control of both houses of Congress….