U.S. China trade
After U.S. blacklists Huawei, China threatens to draw up list of ‘unreliable’ companies
The move follows additional measures this week that deepen the bite of U.S. sanctions imposed on Huawei in mid-May amid an escalating trade war, whose backdrop is the two powers’ struggle for long-term technological and economic dominance Continue reading
China accuses U.S. of having ‘extravagant expectations’ for potential trade deal
China accused the United States on Monday of harboring “extravagant expectations” for a trade deal, underlining the gulf between the two sides as U.S. action against China’s technology giant Huawei began hitting the global tech sector. Continue reading
President Xi defends Chinese ‘civilization,’ slams isolationism as trade war with U.S. looms
No country could stand alone, Xi said, perhaps taking an indirect swipe at U.S. President Donald Trump’s “America First” policy. Continue reading
North American markets rally after enduring deep hit due to escalating U.S.-China trade war
The partial recovery was spurred by tweets from U.S. President Donald Trump in which he said the U.S. was in a “much better position” to strike a deal. Continue reading
‘Fight to the finish’: China vows to continue trade war as U.S. threatens $300B in tariffs
The U.S. Trade Representative’s Office issued its target list after Beijing announced tariff hikes Monday on $60 billion of American goods in their spiraling dispute over Chinese technology ambitions and other irritants. Continue reading
Trump says he will meet with China’s Xi at G20 summit as trade fight intensifies
U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets. Continue reading
China adds tariffs on $60 billion of U.S. goods in retaliation
U.S. President Donald Trump is warning Chinese President Xi Jinping that China “will be hurt very badly” if they don’t agree to a trade deal. Continue reading
White House expects China will fight back over Trump’s new tariffs
The United States raised tariffs on $200 billion in Chinese imports from 10 per cent to 25 per cent on Friday after American officials accused Beijing of backtracking on commitments made in earlier rounds of negotiations. Continue reading
‘Just a small setback’: China’s Liu says trade negotiations with U.S. have not broken down
China’s leading envoy to trade talks in Washington says the failure to strike a deal in the tariffs war with the U.S. was “just a small setback” and negotiations will continue despite increases in import duties on American imports from China. Continue reading
Trump claims China will pay for tariffs — but the burden falls on U.S. businesses, consumers
Trump has minimized the worth of China’s purchases of U.S. goods and services, misstated the trade deficit and ignored the inevitable rise in many costs to consumers when imports are heavily taxed. Continue reading