The trade tensions between the United States and China have flared up once again, after a brief phase of calm, exposing how deep the divide and mistrust between the two giant economies still run.What began as a simmering disagreement over rare earth exports has now escalated into a full-blown confrontation, with both Washington and Beijing…
The US-China trade war intensified on Sunday after Beijing accused Washington of “double standards” following President Donald Trump’s decision to impose an additional 100% tariff on Chinese goods. “The relevant US statement is a typical example of double standards,” China’s ministry of commerce said in a statement, according to Reuters.The ministry reaffirmed Beijing’s stance on…
China will levy phased fees on US-linked vessels calling at its ports starting next Tuesday, a retaliatory action set to take effect the same day as similar surcharges that were announced in April by the Office of the United States Trade Representative. Having been granted approval by the State Council, China’s cabinet, Beijing will apply…
BEIJING (Reuters) -China tightened its rare earth export controls on Thursday, expanding restrictions on processing technology, unauthorised overseas cooperation and spelling out its intention to limit exports to overseas defence and semiconductor users. Exports of technology used to mine and process rare earths or make the associated magnets is barred without permission, the Ministry of…
China has announced it is monitoring Mexico’s ongoing antidumping probes into Chinese products and urged the country to uphold World Trade Organization (WTO) rules throughout the process, a spokesperson for China’s Ministry of Commerce said, who was not identified. “We have noted that Mexico’s Ministry of Economy, at the request of domestic companies, has recently…
As agreed by China and the United States, Chinese and U.S. teams will hold talks on TikTok and other issues in Spain, a spokesperson with the Ministry of Commerce said on Friday, News.az reports citing BBC. China’s position on the TikTok issue is clear and consistent, the spokesperson said. China is firmly committed to safeguarding…
Beijing reiterated its pledge to create a “single free-trade zone” incorporating mainland China, Hong Kong and Macau on Wednesday, as it seeks to deepen economic ties with the two special administrative regions (SARs) amid ongoing trade tensions with the US. The Ministry of Commerce would “explore and promote” the establishment of a unified free-trade area…
A number of suspects involved in strategic mineral smuggling had been arrested, Chinese authorities said on Saturday, while pledging stronger enforcement of export controls to prevent illegal shipments and technology transfers for military use. The Ministry of Commerce statement came during a high-level export-control meeting in Nanning, capital of Guangxi Zhuang autonomous region – an…
China’s latest export restrictions on eight key electric vehicle (EV) battery technologies officially took effect this week, about half a year after it announced its intention to implement them. According to the rules announced by the Ministry of Commerce and the Ministry of Science and Technology, manufacturers using the technologies in the production of EV…