Donald Trump’s trade war may be a threat to China’s economy, but it may also offer a chance to improve relations with Europe and its neighbours in Asia, as well as “rehabilitating” its image internationally, according to analysts. Beijing has already started working to improve relations with these countries and forge alternative trade agreements and…
US President Donald Trump said on Thursday that Washington and Beijing were talking and expressed confidence that a deal on tariffs would be reached soon but declined to say if he had spoken to Chinese President Xi Jinping, as a brewing trade war threatens to roil the global economy. “We are confident that we will…
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance…
A company linked to Philippines tycoon Carlos Chan and the producer of Oishi snacks bought two ground floor shops in Hong Kong’s Wan Chai district for HK$128 million (US$16.5 million), according to official documents, adding to the group’s real estate holdings in the city. Miyazaki Development bought the properties in York Place at 22 Johnston…
Kuala Lumpur, Malaysia – China’s President Xi Jinping has arrived in Malaysia as part of a Southeast Asian tour which is seen as delivering a personal message that Beijing is a more reliable trading partner than the United States amid a bruising trade war with Washington. Xi arrived in the capital, Kuala Lumpur, on Tuesday…
By Alice Philipson China’s President Xi Jinping urged Vietnam to join forces in upholding free trade, before wrapping up a visit to Hanoi on Tuesday which President Donald Trump said was aiming to “screw” the United States. Chinese President Xi Jinping and Vietnamese President Luong Cuong pose for photos during a meeting at the Presidential…
China. Bangladesh. Vietnam. India. These and other foreign countries are the backbone of America’s fast fashion industry, suppling around 98 percent of what fills our closets. Donald Trump’s sweeping tariffs will choke these supply lines. Vietnam faces the prospect of a 46 percent duty. India, 26 percent. For now, the tariffs are paused for 90…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China fires back after US official takes swipe at aid to Global South Beijing has accused Washington of undermining the welfare of the Global South to serve its own…
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office….
Chinese battery producer Leoch International Technology has been pressing ahead with the first instalment of its US$200 million factory in Mexico before a June launch, with the Hong Kong-listed firm just one of many getting to grips with unpredictable US tariff policies. Executive director and chief investment officer Helen Hong Yu said the company originally…