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…
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%…