The trade war between US and China under Trump 2.0 may subside if China agrees to shift some of its manufacturing units to the US says a recent report by Jefferies.
After Donald Trump's decisive victory in the US presidential election, Chinese internet users expressed anticipation of heightened trade tensions between the US and China.
The result of US presidential election will have significant impact on Chinese government trade policies. A recent report by Barclays says if Donald Trump returns to power, it could escalate tensions between the U.S. and China into a full-scale trade war.
The bill aims to stop the flow of illicit goods, including fentanyl, counterfeits, and products made with forced labour, by tightening import requirements for low-value packages known as de minimis entry.
The Joe Biden administration is mulling to curb US investment in critical Chinese technology industries that are crucial to modernising China's military.
Highlighting the trade war between the US and China, Secretary of State Antony Blinken said that the Washington is working to ensure that competition with Beijing doesn't turn into a conflict between the two biggest economies.
The trade group’s statement came on Monday as the the Biden administration considers a set of export controls banning Chinese companies from buying advanced chips and chip-making equipment without a license, as well as, a new executive order restricting some outbound investment.
China is escalating its chip war with the United States by imposing export controls on the overseas sales of gallium and germanium, elements essential to making semiconductors.
Based on specific intelligence, DRI - Mumbai identified a container suspected of carrying contraband at Nhava Sheva Port. The container was supposed to be trans-shipped to Arshiya Free Trade Warehousing Zone (FTWZ) for further clearance.
Unemployment among Chinese urban residents aged 16 to 24 rose sharply to 19.6 per cent in March from 18.1 per cent in February, close to the record high set last July when it reached 19.9 per cent, according to the Bureau of Statistics.
Mounting tensions between Washington and Beijing have driven many brands to seek out non-Chinese suppliers in sectors ranging from clothing and textiles to consumer electronics and smartphones.