The United States Commerce Department is set to impose preliminary anti-dumping duties of 93.5% on graphite imported from China after concluding the materials, which are a key component for batteries, had been unfairly subsidized, Bloomberg News reported on Thursday. Reuters could not immediately verify the report. Source link
China achieved a historic trade surplus of approximately $586 billion in the first six months of the year. (AI image) China seems to have diversified its export markets away from the US, reporting a record trade surplus despite the global turmoil and uncertainty created by American President Donald Trump’s tariff war.China achieved a historic trade…
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 U.S. and China have agreed on a trade deal that would reduce tariffs and expedite shipments of rare-earth metals. United States Treasury Secretary Scott Bessent said on Friday that U.S. tariffs on Chinese imports will now start at 30%, while China’s duty rate on goods from the U.S. will be at 10%. The 20%…
US President Donald Trump‘s sky-high tariffs imposed in China have started making an impact even though China puts up a brave front. Tariffs have struck when China’s economy is struggling to fully recover from the pandemic effects and is also grappling with sluggish domestic demand and a protracted property sector crisis.China’s leaders are downplaying the…
The US dollar rebounded on Wednesday, climbing against major currencies after President Donald Trump eased tensions over the Federal Reserve and trade with China. The shift offered investors much-needed relief, with market sentiment buoyed by Trump’s decision not to remove Fed Chair Jerome Powell and speculation that trade tariffs on Chinese goods could be reduced.The…
Imported goods from China to the U.S. could be hit with tariffs as high as 245%, the White House said. The Trump administration released a fact sheet late Tuesday detailing an executive order to review any national security risks posed by relying on foreign imports of rare earth minerals. “China now faces up to a…
China on Wednesday removed Vice Commerce Minister Wang Shouwen from his role as trade negotiator and replaced him with a former Chinese representative to the World Trade Organization, amid an escalating tariff war with the United States. Li Chenggang, 58, who previously served as Assistant Commerce Minister during the first Donald Trump administration, has taken…
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
China on Tuesday announced that it will impose retaliatory tariffs on US goods. According to the official statement, additional tariffs of up to 15 per cent will be imposed on key US farm products, including chicken, pork, soy, and beef. The new tariffs will be effective from March 10. The move came after Donald Trump…