The ongoing US-China trade talks have placed fentanyl—a deadly synthetic opioid—at the heart of economic diplomacy, underscoring how a public health emergency has become a central bargaining chip in global commerce. The Trump administration has repeatedly accused China of enabling the flow of fentanyl and its chemical precursors into the United States, leading to a…
The ongoing tariff war is expected to put additional pressure on banks in Hong Kong, which are already grappling with elevated non-performing loans due to a prolonged property sector slump, according to Fitch Ratings. “Higher tariffs would reinforce our deteriorating banking sector outlooks for China and Hong Kong,” the rating agency said in a report…
President Donald Trump on Tuesday (April 15) accused China of reneging on a major aircraft deal with Boeing, following a report that Chinese authorities had ordered domestic airlines to stop accepting new deliveries from the US aerospace company. “Interestingly, they just reneged on the big Boeing deal, saying that they will ‘not take possession’ of…
The US government, despite opposition from all sides, has slapped tariffs indiscriminately on countries around the world. Citing China’s alleged failure to take sufficient measures to address the fentanyl issue, the United States announced an additional 20 per cent tariff on Chinese products exported to the US, including those from Hong Kong. It should be…
Donald Trump, China foreign ministry spokesman Lin Jian China on Tuesday vowed to fight “till the bitter end” if the United States continues its trade war, following Washington’s decision to double tariffs on Chinese imports. Beijing accused the US of using the fentanyl crisis as a “flimsy excuse” to justify the tariff hikes and announced…
China’s public security ministry has spoken out against the US decision to place a 10 per cent duty on all Chinese imports – along with larger tariffs for Canada and Mexico – warning that it will be detrimental to bilateral cooperation on fentanyl control. According to Washington, the tariffs are intended to counter the influx…
TOI correspondent from Washington: In a warning shot that echoed across major world capitals and business majors on Tuesday, US President-elect Donald Trump said he will issue executive orders on day one of his presidency imposing new tariffs on all imported goods from China, Mexico and Canada, Washington’s three largest trading partners, to stop the…