Beijing: China and the United States moved towards an all-out trade war on Tuesday after US President Donald Trump imposed an astounding 104 per cent in tariffs across all Chinese imports. Locked in a high-stakes game of brinkmanship, both nations refused to back down, with Beijing vowing to fight against America’s aggression “to the end.”…
Washington: Donald Trump has followed through on his threat of “additional 50 per cent tariffs” on China starting Wednesday. The White House announced that this will make America’s new tariff on China an unprecedented 104 per cent. President Trump had given China 24 hours to roll back or “withdraw” the retaliatory 34 per cent tariff…
After maniac Monday, Asian markets bounced back on Tuesday following a brutal global sell-off, with Japan’s Nikkei 225 surging over 6 per cent in early trade after suffering a sharp 8 per cent decline the previous day. The recovery came amid continued volatility sparked by growing fears of an international recession as the US-China trade…
China on Thursday said it “firmly opposes” sweeping new US tariffs on its exports, vowing “countermeasures to safeguard its own rights and interests”. US tariffs “do not comply with international trade rules and seriously harm the legitimate rights and interests of the relevant parties”, the Commerce Ministry in Beijing said in a statement. Source link
Donald Trump is back in the White(Fight) House, and so is his most reliable economic weapon: tariffs, particularly focused on China. The latest round, a 20% levy on Chinese imports, has sent Beijing scrambling for a response.Driving the newsDonald Trump has reignited the US-China trade war with a fresh round of tariffs, raising duties on…
U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping. | Photo Credit: Reuters China on Friday (February 28, 2025) vowed to take “all necessary countermeasures” after U.S. President Donald Trump said he would impose an additional 10% tariff on Chinese imports. Mr. Trump’s latest move is due to enter effect on…
Executives of those companies scoff at all this. Many say they now struggle to justify investing in the country and talk instead of cutting staff. In a recent survey by the American Chamber of Commerce in Shanghai, less than half of respondents said they were optimistic about the prospects for their business in China over…
Tensions are rising between the US and China over semiconductor technology, a report has said. China has threatened to retaliate against potential new US export restrictions where the Biden administration is reportedly planning to unveil curbs on chip-related exports to China and blacklist 200 companies.According to a report by news agency Reuters, the Chinese commerce…