Beijing has severed ties with Czech President Petr Pavel following his private visit to congratulate the 14th Dalai Lama on his 90th birthday last month. The meeting on July 27 “seriously contravenes the political commitment made by the Czech Republic government to the Chinese government, and harms China’s sovereignty and territorial integrity,” said Chinese foreign…
Chinese authorities have summoned domestic companies, including major internet firms Tencent and ByteDance, over their purchases of Nvidia’s H20 chips. Authorities asked the companies on Tuesday to explain their reasons and expressed concerns over information risks, three people familiar with the matter told the Reuters news agency. The Cyberspace Administration of China (CAC) and other…
“Here we go again. If it’s not one thing, it’s another, especially with China. They’ve always got something up their sleeve so they can drop our price.” That’s how John Guelly, a canola producer near Westlock, Alta., reacted to Tuesday’s news that China is slapping a 75.8 per cent tariff on imports of Canadian canola….
Singapore – On a weekday afternoon in the heart of the central business district, the BYD showroom on Robinson Road is a picture of futuristic cool. Inside, sleek electric cars gleam under bright white lights as young professionals drift through the space. Just a short walk away, diners mingle in a BYD-branded restaurant over craft beer and bar…
The provisional rate, which was unexpected, will be set at 75.8 percent and will be effective from Thursday, China said. China has announced preliminary anti-dumping duties on Canadian canola imports, a new escalation in the yearlong trade dispute that began with Ottawa’s imposition of tariffs on Chinese electric vehicle imports last August. The provisional rate…
The United States and China have extended their tariff deadline for another 90 days, preventing an escalation of the trade war between the world’s two largest economies, with markets rallying after President Donald Trump announced the pause. With the extension, the imposition of higher tariffs on China will be suspended until November 10, with all…
Federal data shows that inflation held fairly steady in July, defying fears of a sharp tariff-driven spike in consumer prices and good news for President Donald Trump, who is pushing for the Federal Reserve to slash interest rates. Markets are widely anticipating a rate cut at the Fed’s September meeting, an assessment unlikely to be…
It’s been a tumultuous summer for markets, but investors have mostly ploughed through the volatility and pushed stocks steadily higher — but one top bank is warning not to get comfortable. The S&P 500 is up 8% year-to-date, and the benchmark index is cruising near record highs in the late summer stretch. Solid earnings, a…
The U.S. and China agreed to extend the tariff truce for another 90 days — major sticking points are holding up a deal, and both sides are planning a leaders’ summit later this year to break the impasse. Hours before the higher tariffs were set to kick in, the two countries on Monday announced the…
China’s Xi and Brazil’s Lula discuss cooperation amid fallout of US President Donald Trump’s trade war. Chinese President Xi Jinping has suggested that China and Brazil set an example of “unity and self-reliance” in the Global South, Chinese state media has reported. In a phone call on Monday, Xi told Brazilian President Luiz Inacio Lula…