China’s sweeping new restrictions on rare earth exports jolted governments and set off a race to secure alternative supplies, in a stark demonstration of Beijing’s global clout and growing risks for companies. The rules announced last week require overseas firms to obtain Chinese government approval before exporting products containing even trace amounts of certain rare…
For months, bubbling trade tensions between China and the US seemed to calm to a simmer, with words like “thaw” and “truce” swapped in for warnings of economic “war.” Now, hostilities appear to be returning to full boil. A series of tit-for-tat moves this week by the two superpowers has thrust trade hostilities back in…
United States Donald Trump announced that he is going to impose an additional 100 per cent tariffs on US-bound Chinese exports starting November 1. Trump had earlier announced a summit with Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation forum, starting October 31 in South Korea.(AFP) This would be over and above any…
China has struck back in the global trade war — and this time, the blow lands deep in America’s heartland. Beijing has completely halted U.S. soybean imports, once its biggest farm purchase, turning instead to Brazil and Argentina. The result: plummeting prices, angry farmers, and rising pressure on President Donald Trump ahead of his…
In a dramatic departure from decades of bipartisan US foreign policy consensus, US President Donald Trump has unleashed a series of moves that mark a stark reorientation in America’s approach toward Asia. At the heart of this strategic pivot is a bewildering paradox. While India, long viewed as a vital democratic partner and counterweight to…
US President Donald Trump on Tuesday (local time) said his administration had secured “historic trade deals” with several countries, adding that foreign nations were now paying hundreds of billions of dollars into the US treasury. “We have secured historic trade deals with the United Kingdom, China, Indonesia, Vietnam, the Philippines, Japan, South Korea and the…
US President Donald Trump on Monday hinted at imposing 200% tariffs on China if the country did not supply rare earth magnets, essential to the automotive, electronics and defense industries, to America. US President Donald Trump and China’s President Xi Jinping.(REUTERS) While he heaped praise on China for “intelligently” taking control of the monopoly of…
US treasury secretary Scott Bessent on Tuesday said he is “very happy” with the tariff arrangement the country currently has with China, adding the status quo on the subject was “working pretty well” with China. US President Donald Trump (L) and Chinese President Xi Jinping (R)(AFP) When asked about the current tariff situation and a…
US Treasury Secretary Scott Bessent said Tuesday that Washington’s current trade standoff with Beijing is stable and manageable, describing the status quo with China as “working pretty well” even as tariffs remain in place. Speaking on Fox News’ The Ingraham Angle, Bessent said China continues to be a major source of tariff income for the…
A sell-off in China’s bond market is accelerating, sending futures on ultra-long debt to a four-month low as a bull run in local stocks builds momentum. Futures on 30-year sovereign notes fell as much as 0.7 per cent on Thursday, extending this week’s drop to 1.5 per cent at the low as a gauge of…