Eating our lunch: Biden points to China in development push
3 years, 8 months ago

Eating our lunch: Biden points to China in development push

Associated Press  

WASHINGTON — Pushing for trillions of dollars in development spending, President Joe Biden and Democratic lawmakers are directing Americans’ eyes to the rear-view mirror, pointing to a booming, ambitious China they say is threatening to quickly overtake the United States in global clout and capacity. Research done for the Group of 20 rich and developing nations estimates China’s infrastructure spending as a percentage of domestic production on track to be more than three times that of the United States. Schumer’s aim, he says: “Bolster American competitiveness and counter the growing economic threats we face across the globe, especially from the Chinese Communist Party.” Ordinary Americans could start to feel the impact of China’s investment in infrastructure and other support for the digital economy vs. the United States in ways big and small, said Hillman, the CSIS researcher. “That’s the thing that is going to be most immediate in day to day life.” Ryan Hass, a former China director for the National Security Council in the Obama administration, cautions against overstating the threat that China’s rise poses to the United States. “If the United States makes progress in fixing some of its own problems, including its infrastructure deficit, it will remain highly competitive with China,” Hass said.

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History of this topic

Better Sino-US ties best option for Trump
6 days, 15 hours ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

Joe Biden to announce Chinese semiconductor probe in coming days
1 week ago

Joe Biden to announce Chinese semiconductor probe in coming days

Hindustan Times  

President Joe Biden’s administration is set to initiate a trade investigation into Chinese semiconductors in the coming days, as part of a push to reduce reliance on a technology that US officials believe pose national security risks. Biden officials have for months debated whether to initiate the investigation under Section 301, which allows the US to impose restrictions on countries …

Biden Says Trump Economic Plan will be Disaster
Trending News
2 weeks ago

Biden Says Trump Economic Plan will be Disaster

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster" in a speech hailing his own legacy in office. Biden said Trump's threats to impose huge tariffs on imports were a "major mistake" and urged the Republican to abandon proposed tax cuts. I think it'd be an economic disaster for us and the …

Biden: Trump’s tax and tariffs plans are a ‘major mistake’
2 weeks, 1 day ago

Biden: Trump’s tax and tariffs plans are a ‘major mistake’

Politico  

The remarks represented the president’s sharpest and most extensive criticism of Trump since the November election, with his attacks growing more direct as he got deeper into the nearly 40-minute speech. He mocked Trump for his failed first-term infrastructure push and for spurning pledges to “buy American.” And he cautioned that Trump’s plan to renew a set of expiring tax …

China, US have much to learn from each other
Trending News
2 weeks, 5 days ago

China, US have much to learn from each other

China Daily  

JIN DING/CHINA DAILY One of the top priorities of Donald Trump after he takes oath as US president may not be what American people, in general, think. Though US Vice-President Kamala Harris criticized Trump's tariff threats during her failed presidency bid, the Biden-Harris administration retained tariffs Trump imposed on $370 billion worth of Chinese goods, while also slapping 100 percent …

China, US have much to learn from each other
Trending News
2 weeks, 5 days ago

China, US have much to learn from each other

China Daily  

JIN DING/CHINA DAILY One of the top priorities of Donald Trump after he takes oath as US president may not be what American people, in general, think. Though US Vice-President Kamala Harris criticized Trump's tariff threats during her failed presidency bid, the Biden-Harris administration retained tariffs Trump imposed on $370 billion worth of Chinese goods, while also slapping 100 percent …

China, US have much to learn from each other
2 weeks, 5 days ago

China, US have much to learn from each other

China Daily  

JIN DING/CHINA DAILY One of the top priorities of Donald Trump after he takes oath as US president may not be what American people, in general, think. Though US Vice-President Kamala Harris criticized Trump's tariff threats during her failed presidency bid, the Biden-Harris administration retained tariffs Trump imposed on $370 billion worth of Chinese goods, while also slapping 100 percent …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
3 weeks, 5 days ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

"The last thing we need to do": Biden rails against Trump's proposed tariffs
Trending News
3 weeks, 5 days ago

"The last thing we need to do": Biden rails against Trump's proposed tariffs

Salon  

Joe Biden asked Donald Trump to reconsider plans to impose tariffs on China, Mexico and Canada. Biden also said that the United States' relationship with China is in a good place and that a trade war would sour the mood between the White House and President Xi Jinping. "The one thing I’m confident about Xi is he doesn’t want to …

Trump can do a business deal with China
Trending News
1 month ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
Trending News
1 month ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
1 month ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Ripple effects of US policy on Chinese trade
1 month ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

Chinese President Xi Jinping says ‘ready to work’ with US counterpart Donald Trump to boost relationship
1 month, 1 week ago

Chinese President Xi Jinping says ‘ready to work’ with US counterpart Donald Trump to boost relationship

Live Mint  

Chinese leader Xi Jinping told US President Joe Biden that he’s ready to work with Donald Trump to improve the relationship between the world’s biggest economies. Speaking in their final meeting before Trump takes office, Xi told Biden that the US and China shouldn’t pursue decoupling and instead strive for peaceful existence over the long term. Although he’s supported both …

DC Edit | Trump’s key govt choices show desire for disruption
1 month, 1 week ago

DC Edit | Trump’s key govt choices show desire for disruption

Deccan Chronicle  

Nearly 200 years ago, New York senator William L. Marcy defended President Andrew Jackson’s appointment of Martin Van Buren as minister to Britain with the words — “To the victor belongs the spoils of the enemy.” It appears the old principle is not dead yet as US President-elect Donald Trump has named a dozen personalities to be in his team, …

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
1 month, 1 week ago

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons

Associated Press  

WASHINGTON — All that’s left is for President-elect Donald Trump to put his name on it — if he wants. He will deliver.” Natalie Quillian, a deputy chief of staff for Biden’s White House, said that the administration’s programs are already starting to make a positive difference for the economy. “Over the coming months, we will continue to run through …

China anxious as Trump victory may intensify trade wars
Trending News
1 month, 2 weeks ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

Time to decouple from decoupling policy: China Daily editorial
1 month, 2 weeks ago

Time to decouple from decoupling policy: China Daily editorial

China Daily  

Voters in Dixville Notch, New Hampshire, went to the polls early Tuesday morning, marking the official start of Election Day voting for the 2024 US presidential election. US House of Representatives Speaker Mike Johnson recently echoed former president Donald Trump's call to repeal the CHIPS Act if he wins the presidential election, only to retract his statement a day later. …

US urged to partake in China's clean energy efforts
3 months, 3 weeks ago

US urged to partake in China's clean energy efforts

China Daily  

Rows of photovoltaic panels installed over the hills provide unique scenery in Nianzhang town of Xiaxian county in Yuncheng city, Shanxi province. Lewis said political and economic tensions between the US and China are high, and that "is exactly when engagement on climate change is of the utmost importance" to avoid "derailing all the progress that we've made in our …

US urged to partake in China's clean energy efforts
3 months, 3 weeks ago

US urged to partake in China's clean energy efforts

China Daily  

By MAY ZHOU in Houston | China Daily | Updated: 2024-08-30 09:27 Rows of photovoltaic panels installed over the hills provide unique scenery in Nianzhang town of Xiaxian county in Yuncheng city, Shanxi province. Lewis said political and economic tensions between the US and China are high, and that "is exactly when engagement on climate change is of the utmost …

Reality is tariff hikes of no real benefit: China Daily editorial
3 months, 3 weeks ago

Reality is tariff hikes of no real benefit: China Daily editorial

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. The increases were originally scheduled to be phased in from Aug 1, as the White House believes the imposition of tariffs under section 301 of the Trade Act "have been effective in encouraging China to take positive steps in addressing the …

China's growth helps bolster global economic recovery in H1
4 months ago

China's growth helps bolster global economic recovery in H1

China Daily  

Photo taken on July 29, 2024 shows the US Treasury Building in Washington, D.C., the United States. MULTIPLE CHALLENGES WEIGH ON GROWTH According to the latest reports from the IMF and the World Bank, global economic growth is projected to inch forward to 3.2 percent and 2.6 percent respectively this year, with both forecasts suggesting a marginal 0.1 percentage point …

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion
4 months, 2 weeks ago

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

Associated Press  

WASHINGTON — It was billed as the “biggest ever economic development project” in north Michigan when Gov. “The main reason is U.S.-China rivalry, and the U.S. government prioritizes ‘national security’ over economic interests in dealing with China.” Lizhi Liu, an assistant professor of business at Georgetown University, said the trend, along with the decline of U.S. investments in China, could …

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion
4 months, 2 weeks ago

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The main reason is U.S.-China rivalry, …

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'
5 months, 3 weeks ago

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'

Hindustan Times  

Donald Trump accused China of “killing” the US and alleged that Joe Biden was bringing the America closer to a world war during the first debate ahead of November’s presidential election. “China is going to own us if you keep allowing them to do what they’re doing to us as a country,” Trump told Biden during a televised debate on …

Decoupling result of US' China policy
5 months, 4 weeks ago

Decoupling result of US' China policy

China Daily  

Capital market decoupling between the United States and China is occurring to some extent, and US restrictions targeting China have played a significant role, experts said. US President Joe Biden signed an executive order last August to establish a foreign investment review mechanism to restrict US entities from investing in China's semiconductors and microelectronics, quantum information technology, and artificial intelligence …

Decoupling result of US' China policy
5 months, 4 weeks ago

Decoupling result of US' China policy

China Daily  

By Yifan Xu in Washington | China Daily | Updated: 2024-06-27 09:51 Capital market decoupling between the United States and China is occurring to some extent, and US restrictions targeting China have played a significant role, experts said. US President Joe Biden signed an executive order last August to establish a foreign investment review mechanism to restrict US entities from …

The Seismic Shift in the US Trade Agenda
6 months ago

The Seismic Shift in the US Trade Agenda

The Diplomat  

The U.S. economic war against China has become entrenched still further as the Biden administration adds more tariffs to critical goods crossing its borders. While the White House has focused on highlighting China’s unfair trade practices of state subsidies and exporting overcapacity, the tariffs are ultimately designed to protect the nascent critical industries within the United States. While the White …

Rich countries unite against China ... sort of
6 months, 1 week ago

Rich countries unite against China ... sort of

Politico  

That comes after the U.S. has sought to apply maximum pressure on the Chinese in recent years, hitting Beijing with heavy tariffs and accusing it of unfair trade practices. “It’s just always going to be a struggle,” said one former administration official who worked on Biden’s trade agenda, granted anonymity to discuss the diplomatic dynamics. “So it is, in fact, …

Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship
6 months, 1 week ago

Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector, and the Asian superpower’s pursuit of its trade policies “may interfere significantly with our efforts to build a healthy economic relationship.” In a prepared speech to Wall Street and business executives …

China hopes US will do something concrete for Africa's development: spokesperson
6 months, 2 weeks ago

China hopes US will do something concrete for Africa's development: spokesperson

China Daily  

BEIJING -- China hopes the United States will contribute real money to and do something concrete for the development and revitalization of Africa, a Chinese foreign ministry spokesperson said on Friday. Spokesperson Mao Ning made the remarks at a regular press briefing when asked to comment on US President Joe Biden's negative comments on the Belt and Road Initiative. China …

Biden unwisely dons the mantle of 'tariff man': China Daily editorial
7 months, 1 week ago

Biden unwisely dons the mantle of 'tariff man': China Daily editorial

China Daily  

US President Joe Biden delivers remarks at the Asian Pacific American Institute for Congressional Studies' 30th Annual Gala, at the Walter E. Washington Convention Center in Washington, US, on May 14. When asked at a news conference in Stockholm on Tuesday whether they support the European Union following the United States in slapping punitive tariffs on Chinese electric cars, along …

Biden Keeps Trump’s Tariffs On Chinese Goods, Adds New Ones On Clean Energy Components
7 months, 1 week ago

Biden Keeps Trump’s Tariffs On Chinese Goods, Adds New Ones On Clean Energy Components

Huff Post  

LOADING ERROR LOADING WASHINGTON — Five years after ridiculing predecessor Donald Trump’s tariffs on Chinese goods, President Joe Biden on Tuesday added new ones on $18 billion of imports to protect American clean energy manufacturers. “For years, the Chinese government has poured state money into Chinese companies across the whole range of industry ― steel, aluminum, semiconductors, electric vehicles, solar …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 1 week ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

Joe Biden sharply hikes U.S. tariffs on Chinese chips, cars to woo voters in election year
7 months, 1 week ago

Joe Biden sharply hikes U.S. tariffs on Chinese chips, cars to woo voters in election year

The Hindu  

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks. Mr. Biden will keep tariffs put in place by his Republican predecessor Donald Trump …

Biden attacks Trump with new China tariff announcement
7 months, 1 week ago

Biden attacks Trump with new China tariff announcement

Politico  

Still, Biden’s trade action leaves in place the tariffs that Trump imposed on more than $300 billion worth of Chinese during 2018 and 2019, despite pleas from many business groups for tariff relief. And he bragged about using export controls and other measures so “the most advanced American technologies we develop or invent … can’t be used by the Chinese …

Biden slaps new tariffs on Chinese imports, ratcheting trade war
7 months, 1 week ago

Biden slaps new tariffs on Chinese imports, ratcheting trade war

Al Jazeera  

The US president said China’s financial support for its businesses was ‘cheating’ and not competition. President Joe Biden has slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminium and medical equipment, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing friction between the world’s two largest economies. The new …

Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing
7 months, 1 week ago

Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing

New Indian Express  

WASHINGTON: The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are to be phased in over the next three years, with those that take effect in 2024 covering EVs, solar …

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV
7 months, 1 week ago

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV

India TV News  

US President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks. Biden will keep tariffs put in place by his Republican predecessor Donald Trump while …

With friends like US, who needs enemies: China Daily editorial
7 months, 1 week ago

With friends like US, who needs enemies: China Daily editorial

China Daily  

The US Commerce Department's Bureau of Industry and Security added 37 more Chinese entities to the Entity List, claiming that the move demonstrated its commitment to safeguarding US national security. Highlighting the political nature of the administration's latest additions to the list in the run-up to the presidential election in November, 11 entities were added for their involvement in China's …

Biden will keep Trump's China tariffs, and add new ones on electric vehicles
7 months, 2 weeks ago

Biden will keep Trump's China tariffs, and add new ones on electric vehicles

NPR  

Biden will keep Trump's China tariffs, and add new ones on electric vehicles Enlarge this image toggle caption Mandel Ngan/AFP via Getty Images Mandel Ngan/AFP via Getty Images The Biden administration is getting ready to announce new tariffs on imports of goods from China — products like electric vehicles deemed to be policy priorities. The administration has been reviewing tariffs …

US should jump-start talks with China on tariffs to manage tensions
7 months, 3 weeks ago

US should jump-start talks with China on tariffs to manage tensions

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. An early, promising completion of the US Trade Representative review of the China tariffs could provide a relief to consumers and importers; it would also end uncertainty in the China-US relations, making a positive impact on the international economy. Higher tariffs …

America’s tough talk on trade balance
8 months, 1 week ago

America’s tough talk on trade balance

Hindustan Times  

There are no standout outcomes of United States treasury secretary Janet Yellen’s just-concluded visit to China, but it remains a crucial piece in the broader engagement between the two countries. In fact, a Biden-Xi call days before Yellen landed in Beijing was seen as a prologue of sorts to the visit, with the leaders appreciating the progress made on a …

China Has Too Much at Stake in Industry Push to Listen to Yellen
8 months, 2 weeks ago

China Has Too Much at Stake in Industry Push to Listen to Yellen

Live Mint  

-- Janet Yellen got a respectful hearing in China in recent days for her main message — that Beijing’s manufacturing drive is a threat to other economies. “They recognize that overcapacity is an issue, and I don’t think that they have ulterior motives to keep prices down,” as that hurts profits at domestic firms, said Alfredo Montufar-Helu, head of the …

Biden administration announces $6.6 billion to ensure leading-edge microchips are built in the US
8 months, 2 weeks ago

Biden administration announces $6.6 billion to ensure leading-edge microchips are built in the US

Associated Press  

— The Biden administration pledged on Monday to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the first time. “These are the chips that underpin all artificial intelligence, and they are the chips that are the …

US will push China to change a policy threatening American jobs, Treasury Secretary Yellen says
8 months, 2 weeks ago

US will push China to change a policy threatening American jobs, Treasury Secretary Yellen says

Associated Press  

BEIJING — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials. “And when the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question.” …

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says
8 months, 2 weeks ago

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says

Associated Press  

GUANGZHOU, China — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage. Yellen, who arrived later in Beijing after starting her five-day visit in one of China’s major industrial and export hubs, said the …

On China visit, Yellen calls for level playing field for U.S. workers and firms
8 months, 2 weeks ago

On China visit, Yellen calls for level playing field for U.S. workers and firms

LA Times  

U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers. “I’ve heard from many American business executives that operating in China can be challenging,” she said at the American Chamber of Commerce event at a marbled …

US’s Yellen warns China it cannot export its way to rapid growth
8 months, 2 weeks ago

US’s Yellen warns China it cannot export its way to rapid growth

Al Jazeera  

US treasury secretary says market-based reforms will aid world’s second largest economy. United States Treasury Secretary Janet Yellen has warned that China is too large to try to export its way to rapid growth and would benefit by reducing excess industrial capacity that is pressuring other economies. The International Monetary Fund currently forecasts China’s 2024 real gross domestic product growth …

Biden-Xi phone call: US warns China on supporting Russia’s military industrial base
8 months, 3 weeks ago

Biden-Xi phone call: US warns China on supporting Russia’s military industrial base

Hindustan Times  

Washington: In their first conversation this year, US President Joe Biden warned China’s President Xi Jinping against Beijing’s ongoing support for Russian military industrial base, its aggressive tactics in the South China Sea, China’s “unfair” trade and economic practices, and reiterated the importance of maintaining peace and stability across the Taiwan Strait, the White House said on Tuesday. “He raised …

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