On Monday, US President Donald Trump issued a stern warning to China, demanding the withdrawal of its recent tariff hike or facing additional economic measures. He also said that if China does not withdraw the increased tariffs, ‘all talks’ with the country will be suspended. The US President has allotted a day for China to…
Washington: Donald Trump has announced an additional 50 per cent tariff on China less than 48 hours after Beijing announced a tit-for-tat 34 per cent tariff on the United States, which Trump had declared a day earlier as part of his reciprocal tariff order. This now takes US’ tariff on all Chinese goods to an…
A top Chinese official has vowed to protect US firms and pledged his country will remain a “promising land” for foreign investment, Beijing said Monday after it slapped 34 percent tariffs on US imports. Beijing’s tariffs “firmly protect the legitimate rights and interests of enterprises, including American companies”, vice commerce minister Ling Ji told a…
With Trump’s latest tariff action, the magnitude of his trade assault hit home and Beijing’s hope for dialogue melted into frustration and anger. Until now its response had been restrained. On Friday, Beijing matched Trump’s 34% additional tariffs and for the first time it hit all U.S. products, no exceptions. It also restricted exports of…
Hong Kong manufacturers should hold no illusions about getting more bulk orders from the United States going forward, with the escalating trade war representing a chance for them to turn into “value-adders” supporting mainland Chinese companies going global, sector representatives have said. Industry veterans on Saturday also encouraged their peers to turn to markets in…
US President Donald Trump’s recent tariff announcements have reignited concerns about a potential trade war, particularly with China. The new tariffs, imposing a 54% rate on Chinese imports, threaten to disrupt numerous sectors, with technology supply chains facing significant impact. The Trump administration justifies the tariffs as a means to safeguard American industries and rectify…
About the show: INSIGHT is a one hour long hard current affairs programme that aims to open the minds of viewers to the political, social and economic realities facing today’s societies. Every week, a team of producers will bring forward compelling arguments, impartial analysis and penetrating insights into topical issues of the day. What’s on…
Donald Trump is back in the White(Fight) House, and so is his most reliable economic weapon: tariffs, particularly focused on China. The latest round, a 20% levy on Chinese imports, has sent Beijing scrambling for a response.Driving the newsDonald Trump has reignited the US-China trade war with a fresh round of tariffs, raising duties on…
China threatened to hit back at Donald Trump’s trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world’s largest economies.“If the US insists on having its own way, China will counter with all necessary measures to defend its legitimate rights and interests,” a spokesperson…
Chinese President Xi Jinping told top officials on Wednesday that Beijing should address domestic and international difficulties “calmly”, one week before the country’s biggest annual political gathering. The world’s second largest economy is facing down sluggish internal demand and a protracted property sector crisis, as well as the possibility of a deepening trade war with…