US President Donald Trump has said that Chinese President Xi Jinping called him amid the trade war between Washington and Beijing. Trump’s comments come as reports are saying that China is ‘quietly’ rolling back some of its tariffs on the US. China and US have been at loggerheads since April 2 when Donald Trump announced…
US Stock Market Live: Benchmark indices on Wall Street gained for the second day in a row on Wednesday, but could not hold on to the initial euphoria of strong gains for two consecutive sessions. Futures this Thursday morning, Indian time, are trading in the red, although the losses are minimal. The Dow futures are…
United Nations: China savaged US trade practices as “bullying” and “blackmail” Wednesday in a fiery United Nations speech, accusations rejected by Washington, which leveled its own criticism at rival Beijing’s policies. “Unilateralism is on the rise, and bullying practices run rampant… blatantly challenging the international order underpinned by international law (and) threatening world peace and…
Beijing has issued a stern warning to its trading partners, urging them not to bow to US pressure in the escalating tariff war led by President Donald Trump. In a vivid statement, China likened seeking exemptions from US tariffs to ‘asking a tiger for its skin’—a move destined to backfire. As Xi Jinping promotes China…
US Stock Market Live: US futures have extended their losses this morning Indian time, having opened lower. Futures on the Dow Jones are now down 300 points, while those on the S&P 500 and Nasdaq are down 35 and 110 points respectively. Thursday’s trading session saw the benchmark indices post their seventh negative week in…
U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait. “I don’t want them to go higher because at a certain point you make it where…
Chinese tech giants Tencent and Douyin, TikTok’s sister app in China, have in the past two days launched programs to help Chinese exporters sell their goods domestically, amid an escalating U.S.-China trade war. Tencent said on Thursday its program aimed to create 100 billion yuan ($13.7 billion) in sales for China’s beleaguered export-dependent firms by…
Topline Hong Kong Post on Wednesday announced it was suspending shipment of all packages to the U.S. as a result of the Trump administration’s tariffs and the removal of an exemption that allowed lower value shipments to the U.S. duty free. Hong Kong’s postal service said April 16 it will stop shipping goods bound for…
China is retaliating against US President Donald Trump’s tariffs by promoting direct sales of luxury goods from Chinese manufacturers to consumers at significantly lower prices. The products range from handbags to apparel and cosmetics, with prices notably lower than retail. On X, many American TikTok users shared videos from Chinese suppliers showcasing high-quality products made…
US President Donald Trump said on Monday that China and Vietnam were meeting to figure out how to harm the United States, but that he didn’t blame them for such discussions. “I don’t blame China; I don’t blame Vietnam,” Trump told reporters in the White House’s Oval Office. “I see they’re meeting today… that’s a…