As tensions in the US-China trade war escalate, Chinese President Xi Jinping finds himself in a difficult position, unable to make the economically rational move of negotiating directly with Donald Trump, according to China expert Gordon Chang. Speaking on FOX Business, Chang explained that Xi’s political standing within the Chinese Communist Party (CCP) makes it…
Washington: US President Donald Trump’s steep tariff hike targeting Chinese goods, which took effect Thursday, brings Washington’s additional rate on many products to 145 percent, the White House confirms. Trump’s 90-day halt in fresh duties for dozens of countries has come into place, a White House order showed. But he has also doubled down by…
Beijing: China is refusing to back down against the United States’ aggression even as US President Donald Trump increases levies on Chinese imports to a punishing 125 per cent. Beijing on Thursday warned that American tariffs go “against the whole world” and asked Washington to meet it “halfway” in a mounting trade war between the…
In a dramatic twist during an already volatile trade showdown, US President Donald Trump heaped praise on Chinese President Xi Jinping, calling him “one of the smartest people in the world” even as both Washington and Beijing lobbed escalating economic threats at each other. The tensions flared further when Trump executed a stunning volte-face –…
The Shark Tank investor Kevin O’Leary has urged the US President Donald Trump to take the US-China trade war to the next level by slapping tariffs up to 400% on China, as per a report. US-China Trade War O’Leary, who himself has done business in China for several years, told CNN that America has gone…
The two largest economies in the world – the United States and China – are at war, with tariffs being used by either side as its weapon. While the US has increased reciprocal tariffs on all Chinese goods from 10 per cent on April 1, to 104 per cent today; China has retaliated by upping…
Washington: Donald Trump has followed through on his threat of “additional 50 per cent tariffs” on China starting Wednesday. The White House announced that this will make America’s new tariff on China an unprecedented 104 per cent. President Trump had given China 24 hours to roll back or “withdraw” the retaliatory 34 per cent tariff…
Washington: US President Donald Trump and his billionaire advisor Elon Musk don’t seem to be on the same page about America’s sweeping tariffs that sent shockwaves across the globe, sparking fears of recession and a global trade war. Musk reportedly made a “personal appeal” to the President to reverse the new levies he announced on…
China on Thursday said it “firmly opposes” sweeping new US tariffs on its exports and vowed “countermeasures to safeguard its own rights and interests”. China also accused the United States of a “typical unilateral bullying practice”.(Reuters) US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports…
U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping. | Photo Credit: Reuters China on Friday (February 28, 2025) vowed to take “all necessary countermeasures” after U.S. President Donald Trump said he would impose an additional 10% tariff on Chinese imports. Mr. Trump’s latest move is due to enter effect on…