European Commission President Ursula von der Leyen welcomed US President Donald Trump's decision to pause reciprocal tariffs for over 75 countries, calling it an important move to stabilise global trade amid escalating tensions between the US and China.
China's State Council Information Office on Wednesday released a white paper titled "China's Position on Some Issues Concerning China-US Economic and Trade Relations." The paper alleged that friction in trade between the US and China has significantly impeded normal economic and trade coo
US President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
Addressing reporters on Air Force One on Wednesday, Trump claimed that he achieved a "great trade deal" with China during his first presidency in 2020. Chinese Foreign Ministry said that "trade wars and tariff wars produce no winners" and harm the interests of people in all countries.
Trade restrictions planned by the incoming US President Donald Trump could lead to aggressive exports by China to other Asian markets, including India, according to a report by Crisil.
China is planning to impose new export restrictions on technologies vital for the electric vehicle (EV) industry, including lithium extraction and battery cathode production. The move, which targets critical materials, signals a further escalation in its tech rivalry with the United States,
US President Joe Biden has directed his Trade Representative to increase tariffs on USD 18 billion of imports from China, including semiconductors, solar cells, batteries, and critical minerals to 'protect' American workers and businesses, the White House said in a statement on Tuesday.
The US-China Economic and Security Review Commission (USCC), which keeps track of the national security implications of US-China trade, noted that LOGINK's visibility into global shipping and supply chains could expose US supply chain vulnerabilities and track shipments of US military cargo.
Indian American entrepreneur and Republican Presidential hopeful Vivek Ramaswamy on Thursday will unveil his plan on how the US will "declare independence from China."
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.