The action includes a further 34 per cent tariffs on imports from China, raising American tariffs on China to 54 per cent. In a statement on Thursday morning, the ministry accused the US of “typical unilateral bullying” and vowed to take resolute countermeasures. It also said Beijing would urge Washington to remove the tariffs and…
Zhejiang, China — Smartly dressed, 42-year-old businessman Qian Weiguang gets out of his black Mercedes van, eager to check on the status of operations. He’s just driven an hour from his showroom and is keen to show our CBS News team his newest factory — one of three he has in a sprawling industrial area outside…
The US government, despite opposition from all sides, has slapped tariffs indiscriminately on countries around the world. Citing China’s alleged failure to take sufficient measures to address the fentanyl issue, the United States announced an additional 20 per cent tariff on Chinese products exported to the US, including those from Hong Kong. It should be…
Potential performances by Asian “superstar” singers at Kai Tak Sports Park will follow a string of mega-events in March, the tourism minister has said when asked whether Hong Kong has lost out again to Singapore on luring music icons such as Lady Gaga to the city. The highly anticipated grand opening of the sports park…
President Trump’s imposition of blanket 25% tariffs on all goods imported from Canada and Mexico drew swift vows of retaliation from the United States’ immediate neighbors on Tuesday. China, which was hit with a second 10% tariff on U.S. exports since Mr. Trump took office, bringing the total levy to 20%, immediately announced its own…
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 hits back at Trump with reciprocal tariffs, sanctions of US firms China has revealed the details of its response to new tariffs from the United States on its…
In late January, a Chinese start-up unveiled an artificial intelligence (AI) model that it says outperforms its peers. As familiar as this sounds, the company in question is not DeepSeek. Rather, what the appearance of another Chinese AI model like Moonshot’s Kimi k1.5 shows is that China’s rapid AI iterations are no anomaly – they…
Hong Kong’s justice minister has reassured investors that the city will be governed by the “one country, two systems” principle and keep its common law system indefinitely, as he seeks further legal cooperation with Asean jurisdictions. Secretary for Justice Paul Lam Ting-kwok also said on Monday that Hong Kong would host the 15th China-Asean Prosecutors-General…
Brazil’s President Luiz Inácio Lula da Silva cast China in a harsh light on Friday, assigning blame to Beijing, along with American and European companies, for practices that have allowed the country to pull off rapid technological advances. Discussing Brazil’s international relations in a radio interview, Lula said China has become a technological powerhouse by…
President Trump signed a memorandum on Thursday ordering his advisers to calculate new tariff levels for other countries globally, an ambitious task that will shatter the rules of the global trading system and likely set off furious negotiations in the coming months. The president directed his advisers to come up with new tariff levels that…