Taipei, Taiwan – When United States President Donald Trump began his first term in 2017, he set about implementing Washington’s most hawkish economic policy toward China in decades. In the first 100 days of his second term, Trump has taken Washington’s confrontation with Beijing to greater heights still, laying out a staunchly protectionist trade agenda…
After United States President Donald Trump suspended his “reciprocal tariffs” on major US trading partners on April 9, he ramped them up on China’s goods. US trade levies on most imports from China have climbed to 145 percent. Beijing retaliated with duties of its own, at 125 percent on US goods. Trump has long accused…
Taipei, Taiwan – As United States President Donald Trump plays up the prospects of a trade deal with China, experts say Beijing is unlikely to make the first move and may even demand preconditions before coming to the negotiating table. Trump has said he expects to see his 145 percent tariff on China “come down…
Wall Street rallies for second day on hopes of a de-escalation in trade tensions between world’s two largest economies. United States President Donald Trump has reiterated his intention to lower his crippling tariffs on China, but insisted the timeline for any relief will depend on Beijing. Speaking to reporters at the White House on Wednesday,…
As the United States and China engage in a trade war driven by steep tariffs imposed by President Donald Trump and counter levies by President Xi Xinping, one sector that could be deeply impacted – and in turn have a disproportionate impact on the health of Americans – is pharmaceuticals. The US imports 75 percent…
The report suggested cuts could be as high as 65 percent, and US Treasury Secretary Scott Bessent said de-escalation talks are needed before trade negotiations continue. The administration of United States President Donald Trump is mulling lowering US tariffs on Chinese goods amid talks with Beijing, the Reuters news agency has reported, citing an unnamed…
United States President Donald Trump has backed off his threat to fire the head of the US Federal Reserve, after his broadsides against the central bank boss prompted a plunge in the stock market and the dollar. Trump’s comments on Tuesday appeared to rule out any imminent plans to remove Federal Reserve Chair Jerome Powell,…
US stocks and the dollar have dropped sharply as United States President Donald Trump’s attacks on the chief of the US central bank shake investors’ confidence in the world’s top economy. The benchmark S&P 500 fell 2.36 percent on Monday, one of the steepest one-day declines of the year. The tech-heavy Nasdaq Composite tumbled 2.55…
Iran says it will brief China this week in advance of a third round of talks with the United States on its nuclear programme, as Iranian officials separately accused Israel of seeking to “undermine and disrupt the diplomatic process”. Iranian Foreign Minister Abbas Araghchi will visit Beijing on Tuesday to discuss the latest talks with…
Kuala Lumpur, Malaysia – China’s President Xi Jinping has arrived in Malaysia as part of a Southeast Asian tour which is seen as delivering a personal message that Beijing is a more reliable trading partner than the United States amid a bruising trade war with Washington. Xi arrived in the capital, Kuala Lumpur, on Tuesday…