China is winning the trade war and its exports have never been higher
3 years, 11 months ago

China is winning the trade war and its exports have never been higher

CNN  

Hong Kong CNN Business — China was already outperforming every other major worldeconomy last year as the coronavirus pandemic upended the globe. The world’s second biggest economy closed out 2020 with an overall trade surplus of $78 billion for December, according to official customs data released Thursday. China’s trade relationship with the United States, meanwhile, became even more imbalanced: Beijing’s trade surplus with Washington rose to $317 billion in 2020, a 7% increase from the year prior and the second highest amount on record, according to Iris Pang, chief economist for Greater China at ING. The amount is just $7 billion shy of 2018 levels, when Trump launched a blistering trade war to right what he called a lopsided relationship with the world’s second largest economy. “Judged by the surge of US imports from China in 2020, it seems fair to say that Trump’s trade war with the country failed,” Kuijssaid.

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History of this topic

India’s trade braces for an action-packed 2025
1 hour, 25 minutes ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

US tariffs on China unable to stop China trade growth
Trending News
6 days, 1 hour ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
6 days, 1 hour ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

Chinese economy can brave external risks
Trending News
1 week ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

Chinese economy can brave external risks
Trending News
1 week ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

Sino-US relations need new chapter
1 week, 1 day ago

Sino-US relations need new chapter

China Daily  

MA XUEJING/CHINA DAILY China-US relations are likely to enter a new stage of uncertainty when Donald Trump assumes office as US President on Jan 20. In his second presidency, the US could either trigger trade war 2.0 by levying more tariffs on China and forcing Beijing to slap counter-tariffs, or encourage China to significantly increase imports from the United States …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 week, 1 day ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI
1 week, 1 day ago

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI

Live Mint  

New Delhi, Dec 15 Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a significant …

China's Xi warns 'no winners' in trade war with U.S.
1 week, 6 days ago

China's Xi warns 'no winners' in trade war with U.S.

Raw Story  

by Peter CATTERALL Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year. Former US president Donald Trump -- who returns to the White House next month -- unleashed a grueling trade war with China during his first …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
2 weeks ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

‘No winners’: China’s Xi warns US against a trade war
2 weeks ago

‘No winners’: China’s Xi warns US against a trade war

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic …

China to respond to Trump's 'tariff war' with 'supply chain war'
3 weeks, 3 days ago

China to respond to Trump's 'tariff war' with 'supply chain war'

Firstpost  

China is expected to use its dominant position in supply chains to respond forcefully with a ‘supply chain war’ to ’tariff war’ that US President-elect Donald Trump is expected to wage on China US President-elect Donald Trump waves next to Chinese President Xi Jinping after attending a business event at the Great Hall of the People in Beijing on November …

Why Trump’s proposed tariffs may be bad news for China and Asia
3 weeks, 6 days ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

China warns ‘no one will win’ if Donald Trump starts trade war
3 weeks, 6 days ago

China warns ‘no one will win’ if Donald Trump starts trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

No one will win a trade war: China after Trump threatens new tariffs on imports
4 weeks ago

No one will win a trade war: China after Trump threatens new tariffs on imports

India Today  

Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after US President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20. "About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month ago

Spill-over of Trump’s anti-China trade stance

Hindustan Times  

Trump’s trade war with China had a global impact, affecting and benefiting countries. US President Donald Trump The US-China trade conflict reflects the US’ protectionism from China’s inroads in its economy and the global economy, which it believes is detrimental to its local jobs, industries, industrial innovation, and national security. Thus, the tit-for-tat trade moves resulted in raising import tariffs …

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 …

China is armed and ready for trade war 2.0 with Donald Trump
1 month ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

China is armed and ready for trade war 2.0 with Donald Trump
1 month ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 1 week ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China prepares to retaliate against potential trade war with Donald Trump
1 month, 1 week ago

China prepares to retaliate against potential trade war with Donald Trump

Firstpost  

China is reportedly preparing to counter potential US tariffs, setting the stage for an economic tit-for-tat that could further strain relations. China is preparing for potential retaliation against new tariffs if Donald Trump restarts the trade war upon his return to the Oval Office next year. China will strike back in the first rounds of another Trump trade war to …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 1 week ago

China coped with Trump’s first trade war. A second one will be tougher.

Live Mint  

SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. If the U.S. cuts back on some of the $430 billion in goods it imports from China each year, Chinese companies could try sending them to other countries, a strategy Beijing followed successfully after Trump first hit Chinese goods with tariffs in 2018. Some …

The world faces its worst trade wars since the 1930s
1 month, 1 week ago

The world faces its worst trade wars since the 1930s

Hindustan Times  

THE WORLD stands on the brink of multiple trade wars. The same hawks then predict that new tariffs will raise “artificially low prices” for Chinese goods, thereby creating economic incentives large enough to alter trade flows, helping domestic firms to employ more Americans. When it comes to strategic goods and technologies from China, Mr Trump can raise some tariffs on …

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade
1 month, 2 weeks ago

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade

ABC  

In the eastern Chinese city of Yiwu, known as the "world's supermarket", traders were cautiously optimistic yet wary as a wave of orders rolled in before the United States presidential election. Trump's tariffs could impact the global economy Photo shows A illustration of US and Chinese flags covering currency Trump's victory has far-reaching global economic and market ramifications. For many …

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 …

Foreign trade poised for steady growth amid headwinds
Top News
1 month, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

Foreign trade poised for steady growth amid headwinds
1 month, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

Foreign trade poised for steady growth amid headwinds
Trending News
1 month, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period, while its exports rose 6.7 …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
1 month, 2 weeks ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

Bloomberg: The China Show 11/07/2024
1 month, 2 weeks ago

Bloomberg: The China Show 11/07/2024

Bloomberg  

00:00 Half an hour away from the opens in Hong Kong, Shenzhen and Shanghai are watching the China show. I mean, if there's a threat of tariffs here, do you think, you know, there's a people talking about there's a difference between the candidate Trump and what he will be as President Trump? We know he's talked about tariffs as …

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in
1 month, 2 weeks ago

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in

Live Mint  

US Election Results 2024: In a remarkable turnaround after losing the 2020 elections, Republican US President Donald Trump secured a record-breaking historic victory in the US Presidential Elections 2024, defeating Democratic Vice President Kamala Harris with over 270 electoral votes to become President-elect officially. Follow Live Updates: US Election Results 2024 LIVE- Donald Trump becomes 47th US President Trump's top …

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity
1 month, 2 weeks ago

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity

China Daily  

The article emphasizes the importance of fostering non-confrontational and manageable competition between China and the US to benefit the world. It argues that a less aggressive and consensual approach aligns with their security and interests. The writer highlights the differences in military capabilities and economic interdependence between the two countries, emphasizing the need for dialogue and compromise to address global …

Rebuilding Sino-US trust crucial for world
1 month, 2 weeks ago

Rebuilding Sino-US trust crucial for world

China Daily  

In recent years, rising tensions between China and the US have led to bleak predictions of bilateral relations and potentially dangerous global fragmentation. Before 2001, the year China joined the World Trade Organization, 80 percent of the world's countries traded more with the US than with China. Over the past decade, China has invested more than $1 trillion in infrastructure …

U.S. trade deficit widens in July on imports
3 months, 2 weeks ago

U.S. trade deficit widens in July on imports

The Hindu  

The U.S. trade deficit widened sharply in July as businesses front-loaded imports in anticipation of higher tariffs on goods, suggesting that trade could remain a drag on economic growth in the third quarter. Economists polled by Reuters had forecast the trade deficit would increase to $79.0 billion from the previously reported $73.1 billion in June. President Joe Biden's administration has …

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead
5 months ago

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead

ABC  

As the world looks on entranced at the drama playing out in Washington, an equally significant but far less visible event has been unfolding in our very own time zone. China's trade trap US presidential hopeful Donald Trump points to China's trade surplus as a deliberate attempt by Beijing to take advantage of Americans, to create a common enemy. China's …

Foreign trade hits new high in first half
5 months, 1 week ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

Foreign trade hits new high in first half
5 months, 1 week ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

China’s exports grow 8.6% in June, beating forecasts despite trade tensions
5 months, 1 week ago

China’s exports grow 8.6% in June, beating forecasts despite trade tensions

Associated Press  

HONG KONG — China’s exports beat forecasts in June, customs data showed Friday, while imports grew less than expected. Exports grew 8.6% from the same time last year to hit $307.8 billion, according to data released by Chinese customs, beating estimates of about 7.4% to 8% growth. China’s strong exports for June led to its trade surplus widening to $99 …

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 …

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 …

May exports grow better than expected
6 months, 1 week ago

May exports grow better than expected

China Daily  

China's exports grew better than expected in May, with analysts pointing to improved external demand and strong resilience in foreign trade, providing a solid base for achieving its annual economic target. Zhou Maohua, a researcher at China Everbright Bank, said that China's export growth beat expectations due to the continued recovery of overseas demand, optimization of China's foreign trade structure, …

US trade sanctions on China can affect multilateralism
6 months, 2 weeks ago

US trade sanctions on China can affect multilateralism

Hindustan Times  

The United States -China trade war has escalated from the US banning Chinese apps to targeting domestic companies having close ties with the Chinese government. Recent anti-China legislation under the Biden administration indicates increasing economic hostility to counter Chinese trade practices on the grounds of a threat to US national security. US President Joe Biden The anti-China trade policy aims …

China’s exports grow 7.6% in May, beating expectations despite trade tensions
6 months, 2 weeks ago

China’s exports grow 7.6% in May, beating expectations despite trade tensions

Associated Press  

HONG KONG — China’s exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released Friday. Exports jumped 7.6% in May from the same month last year to $302.35 billion, rising at the fastest pace since April 2023. Exports to the U.S. grew …

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 …

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 …

Opinion: Three reasons China would be happier with Trump than Biden
9 months, 1 week ago

Opinion: Three reasons China would be happier with Trump than Biden

LA Times  

The month after former President Trump left office in 2021, Matt Pottinger, who had been the point man for China on Trump’s National Security Council, told me in an interview that had Trump stayed on for a second term, he might have moved to a “wholesale decoupling” of the U.S. economy from China. China not only isn’t worried about the …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

Would Donald Trump Start a China-US Trade War 2.0?
9 months, 2 weeks ago

Would Donald Trump Start a China-US Trade War 2.0?

The Diplomat  

Donald Trump is close to securing the 2024 Republican presidential nomination after a winning streak in early GOP primaries. Even if Trump could somehow weather the economic repercussions of another trade war, the broader political consequences for the Republican Party would likely be insurmountable. Thus, the cost of another trade war with China is evidently more pronounced for GOP politicians …

Another trade war in the making? China's growth model pushes Beijing into more conflicts with the West
10 months, 3 weeks ago

Another trade war in the making? China's growth model pushes Beijing into more conflicts with the West

The Hindu  

Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the Government steps in with financial support. Growing alarm over Chinese industrial overcapacity flooding the European Union with cheap products is opening a new front in the West's trade war with …

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