Trade deal: US eases sanctions, China to buy more US exports
4 years, 11 months ago

Trade deal: US eases sanctions, China to buy more US exports

Associated Press  

The United States and China signed an initial trade pact Wednesday, easing tensions between the world’s two largest economies. U.S. EXPORTS: China agreed to increase purchases of U.S. services and manufactured, energy and farm products by $200 billion this year and next. It includes provisions designed to stop Chinese government officials from using administrative and regulatory procedures to ferret out foreign companies’ trade secrets and allowing that information to get into the hands of Chinese competitors. The deal also requires China to come up with procedures to “permit effective and expeditious action’’ to take down websites that sell pirated goods.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
3 days ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 2 days 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
3 weeks, 2 days 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 …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
3 weeks, 4 days 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 …

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

China, US have much to learn from each other
Trending News
1 month 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
1 month 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
1 month 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 warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks 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 …

What are Trump’s plans for tariffs on China, Canada and Mexico?
1 month, 2 weeks ago

What are Trump’s plans for tariffs on China, Canada and Mexico?

Al Jazeera  

US president-elect has promised to impose tariffs for as long as drugs and undocumented migrants flow into the country. United States President-elect Donald Trump has threatened to impose sweeping tariffs on the United States’s three largest trading partners – Canada, Mexico and China – as soon as he takes office on January 20. “About the issue of US tariffs on …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month, 2 weeks 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, 2 weeks 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 …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks 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 anxious as Trump victory may intensify trade wars
Trending News
2 months 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 …

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

China opposes US sanctions on firms over alleged ties to Russia’s war efforts
4 months, 2 weeks ago

China opposes US sanctions on firms over alleged ties to Russia’s war efforts

Associated Press  

BEIJING — China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country’s businesses. “China urges the U.S. to immediately stop its wrong practices and will take necessary measures to resolutely safeguard the …

China's exports integrating into global supply chains
4 months, 3 weeks ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

China's exports integrating into global supply chains
4 months, 3 weeks ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

China's exports integrating into global supply chains
4 months, 3 weeks ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

The Seismic Shift in the US Trade Agenda
6 months, 2 weeks 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 …

US trade sanctions on China can affect multilateralism
7 months 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 …

Who benefits from US tariffs on Chinese imports? Experts weigh in
7 months, 3 weeks ago

Who benefits from US tariffs on Chinese imports? Experts weigh in

Al Jazeera  

While the tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden. “These tariffs are very much on the margins, and the impacts on the economy will be a rounding error,” Bernard Yaros, lead US economist at Oxford Economics, told Al Jazeera. While the tariffs do not change much for the …

US should jump-start talks with China on tariffs to manage tensions
8 months, 1 week 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 …

Trends in US-China engagement
1 year, 2 months ago

Trends in US-China engagement

Hindustan Times  

The United States and China are facing a conundrum where the ongoing rivalry pushes them to be confrontational with each other, whereas the complex and intertwined trade relations compel them to find ways to mend the ties. China’s coercive actions across the Taiwan Straits have been proving a real test of not only the US’s commitment to aid the island …

US inks modest trade deal with Taiwan in show of support in the face of pressure from China
1 year, 7 months ago

US inks modest trade deal with Taiwan in show of support in the face of pressure from China

Associated Press  

WASHINGTON — The United States has reached a modest trade agreement with Taiwan, signaling Washington’s support for the island democracy as it comes under increasing pressure from China. The first agreement under the U.S.-Taiwan Initiative on 21st Century Trade is expected to set the stage for a bigger deal later — “a robust and high-standard trade agreement,’’ U.S. Trade Representative …

World needs China-US ties back on track in 2023
1 year, 11 months ago

World needs China-US ties back on track in 2023

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing, Jan 21, 2021. In a report published last November, the Brookings Institution said the United States must forge a "durable, productive relationship" with China, adding that both sides share common interests in both bilateral and multilateral areas and that cooperation is needed. It is wrong to …

China’s trade surplus swells to $877.6B as exports grow
1 year, 11 months ago

China’s trade surplus swells to $877.6B as exports grow

Associated Press  

BEIJING — China’s trade surplus swelled to a record $877.6 billion last year as exports rose despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centers. “China’s foreign trade and exports showed strong resilience in the face of many difficulties and challenges,” said a customs agency spokesperson, Lu Daliang, at a news …

More measures to help trade firms
2 years, 7 months ago

More measures to help trade firms

China Daily  

A freight train is ready to leave Jinhua, Zhejiang province, for Central Asian countries on Wednesday. Ministry assures steps to lower costs, improve profitability, spur novel formats The government will adopt more targeted measures to benefit China's foreign trade enterprises and ensure stable growth and higher quality trade, government officials said on Wednesday. Wang Shouwen, vice-minister of commerce who is …

More measures to help trade firms
2 years, 7 months ago

More measures to help trade firms

China Daily  

A freight train is ready to leave Jinhua, Zhejiang province, for Central Asian countries on Wednesday. Ministry assures steps to lower costs, improve profitability, spur novel formats The government will adopt more targeted measures to benefit China's foreign trade enterprises and ensure stable growth and higher quality trade, government officials said on Wednesday. Wang Shouwen, vice-minister of commerce who is …

China trade weakens after cities shut down to fight virus
2 years, 8 months ago

China trade weakens after cities shut down to fight virus

Associated Press  

BEIJING — China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks. Companies and investors worry the ruling Communist Party’s “zero-COVID” strategy that temporarily closed most businesses in Shanghai and other industrial centers will disrupt global trade and activity …

China trade weakens after cities shut down to fight Covid-19 outbreak
2 years, 8 months ago

China trade weakens after cities shut down to fight Covid-19 outbreak

India Today  

China’s export growth tumbled in April after Shanghai and other industrial cities were shut down to fight virus outbreaks. Exports rose 3.7 per cent over a year earlier to USD 273.6 billion, down sharply from March’s 15.7 per cent growth, customs data showed Monday. Reflecting weak Chinese demand, imports crept up 0.7 per cent to USD 222.5 billion, in line …

After Biden-Xi summit, what next for US-China trade war?
3 years, 1 month ago

After Biden-Xi summit, what next for US-China trade war?

Al Jazeera  

Reductions in tariffs possible down the line, but no return to pre-Trump status quo, analysts say. The virtual meeting between United States President Joe Biden and China’s leader Xi Jinping helped ease the growing tension between the two countries but did not make headway in resolving lingering US-China trade war disputes. Biden spoke briefly about China’s “unfair trade and economic …

Growth of foreign trade expected to remain strong
3 years, 7 months ago

Growth of foreign trade expected to remain strong

China Daily  

China's foreign trade will continue its upward trend this year, though it is vital for the government and exporters to curb the pressure brought by high commodity prices and shipping container costs, experts and business leaders said on June 7. They commented after the General Administration of Customs announced that China's foreign trade soared 28.2 percent year-on-year to 14.76 trillion …

What Happened to the China-US Focus on Trade?
3 years, 8 months ago

What Happened to the China-US Focus on Trade?

The Diplomat  

For much of the Trump administration, the central issue in China-U.S. relations was trade. The summary from China’s Ministry of Foreign Affairs likewise relegated economic ties to one point on a longer list of topics: “economy and trade, military, law enforcement, culture, health, cyber security, climate change, the Iranian nuclear issue, Afghanistan, the Korean Peninsula and Myanmar, etc.” This lack …

For a reset: The Hindu Editorial on U.S.-China meeting in Alaska
3 years, 9 months ago

For a reset: The Hindu Editorial on U.S.-China meeting in Alaska

The Hindu  

As top diplomats from the U.S. and China begin their meeting in Alaska, there is no question that their conversation will be a difficult one. The meeting, between U.S. Secretary of State Antony Blinken and Yang Jiechi, CCP Politburo member and Director, Central Foreign Affairs Commission, accompanied by U.S. NSA Jake Sullivan and Chinese Foreign Minister and State Councillor Wang …

China-US trade: Beijing urges Washington to remove tariffs
3 years, 10 months ago

China-US trade: Beijing urges Washington to remove tariffs

Al Jazeera  

Senior Chinese diplomat Wang Yi has called on the administration of United States President Joe Biden to work with Beijing to reopen dialogue between the two countries and to remove tariffs and sanctions, steps that would go towards restoring a bilateral relationship damaged under the presidency of Donald Trump. Wang, a Chinese state councillor and foreign minister, said the Trump …

More cooperation, less competition
3 years, 11 months ago

More cooperation, less competition

China Daily  

YAO ER/FOR CHINA DAILY Opportunity for China and the US to reduce the trust deficit that has developed over the past four years China-US ties have soured under the Donald Trump administration. First, as the COVID-19 pandemic continues to wreak havoc around the world with record confirmed cases in many countries, China and the US should build a global anti-pandemic …

US imposes new sanction on Beijing over South China Sea
3 years, 11 months ago

US imposes new sanction on Beijing over South China Sea

Associated Press  

WASHINGTON — The Trump administration on Thursday imposed new sanctions on Chinese officials over Beijing’s increasing assertiveness in the South China Sea. “We will continue to act until we see Beijing cease its coercive behavior in the South China Sea.” Since the fall of 2019, the administration has steadily pressured China over human rights issues in Tibet, Hong Kong and …

US-China trade war cost up to 245,000 jobs: Study
3 years, 11 months ago

US-China trade war cost up to 245,000 jobs: Study

Al Jazeera  

The United States-China trade war was launched by Trump on the premise of shielding US jobs, but a study published on Thursday found it actually cost the US up to 245,000 jobs. United States President Donald Trump’s trade war with China has caused a peak loss of 245,000 US jobs, but a gradual scaling back of tariffs on both sides …

Trump administration ‘satisfied’ with China purchases: Adviser
4 years, 4 months ago

Trump administration ‘satisfied’ with China purchases: Adviser

Al Jazeera  

China has increased purchases of commodities as part of its phase one trade deal, Trump adviser says ahead of review. White House economic adviser Larry Kudlow says the administration of United States President Donald Trump is satisfied with China’s progress in meeting commitments to purchase US goods in a phase one trade deal, signalling that the pact will survive an …

Trade, technology and security at risk in US-China feud
4 years, 5 months ago

Trade, technology and security at risk in US-China feud

Associated Press  

BEIJING — They have the largest economies in the world. The United States is China’s biggest single-country export market, even after President Donald Trump imposed punitive tariffs on Chinese goods. 3 market for American exporters, as well as a huge market for goods and services produced in China by U.S. companies ranging from General Motors Co. to Burger King. In …

China halts some US farm imports, threatening trade deal
4 years, 7 months ago

China halts some US farm imports, threatening trade deal

Live Mint  

Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the US over Hong Kong, according to people familiar with the situation. Trump’s threats Trump said the US would begin the process of stripping some of Hong Kong’s privileged trade status, without detailing …

China cuts tariffs on additional US goods
4 years, 10 months ago

China cuts tariffs on additional US goods

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. China announced the first set of exclusion lists on the second batch of United States imports, which are subject to additional tariff exemptions, effective from Feb 28, according to a statement from the Customs Tariff Commission of the State Council on Friday. The commission unveiled two tariff exclusion lists, …

US deal with China is a victory for Trump, but more still needs to be done (opinion)
4 years, 11 months ago

US deal with China is a victory for Trump, but more still needs to be done (opinion)

CNN  

Editor’s Note: James D. Schultz is a CNN legal commentator and chair of the Government and Regulatory practice at Philadelphia-based law firm Cozen O’Connor. That changed when President Trump took office, and his consistently tough stance led to a “phase one” trade deal between the United States and China last week. In addition to easing tensions between the two nations, …

U.S.-China Trade Deal Implications
4 years, 11 months ago

U.S.-China Trade Deal Implications

NPR  

U.S.-China Trade Deal Implications MICHEL MARTIN, HOST: We're going to spend some time now talking about the trade deal President Trump signed with China earlier this week. The Phase 1 deal is a partial cease-fire in the long trade war between the world's two largest economies. LOVELY: Oh, there's been no doubt that the trade war has impacted farmers. The …

Concerns linger after US signs initial trade deal with China; analysts question Beijing’s ability to divert imports from other partners to Washington
4 years, 11 months ago

Concerns linger after US signs initial trade deal with China; analysts question Beijing’s ability to divert imports from other partners to Washington

Firstpost  

China will boost purchases of US goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth Beijing/Washington: China will boost purchases of US goods and services by $200 billion over two …

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
4 years, 11 months ago

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

CNN  

Hong Kong CNN Business — China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their “phase one” trade deal. The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. “We think it is highly challenging for China …

Emphasis on US exports, trade secrets in China trade deal
4 years, 11 months ago

Emphasis on US exports, trade secrets in China trade deal

Associated Press  

WASHINGTON — The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets. Chinese leader Xi Jinping said in a letter to Trump that the first-phase deal was “good for China, for the …

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