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
United States President Donald Trump signaled that things are going “well” in China while talking about trade ties with the Asian country. Donald Trump’s remarks come after the White House indicated positive developments in trade relations with China last week.(File/AFP) While talking about the trade deficit and ties with China, Trump said, “We’re getting along…
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…
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