Trade war
Insiders reveal Trump-Xi meeting before trade war started
In 2017, then-President Donald Trump visited China, meeting Chinese leader Xi Jinping for the second time after Xi went to the United States earlier. After the visit, the U.S.–China trade war began, according to Creaders. When Trump arrived in Beijing in November 2017, Xi welcomed him ceremoniously, organizing a banquet for ...
EU threatens to kick China out of lucrative EU sectors as Lithuanian trade blockade aggravates
The European Union (EU) has warned Beijing with a large range of punitive actions and even a World Trade Organization (WTO) lawsuit if Lithuania's accusations of trade blockade from China prove authentic, South China Morning Post reported on Nov. 9. Lithuania's complaints about China's unfair trade behavior Lithuanian business figures have blamed ...
Xi Jinping promises to handle trade practice concerns as China aims to join Trans-Pacific Partnership trade bloc
During the annual CIIE (Chinese International Import Expo), Chinese communist leader Xi Jinping criticized protectionism and unilateralism on Thursday, Nov. 4, vowing to address concerns about China’s trade practices as the country seeks to join the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) trade bloc, South China Morning Post ...
Biden’s trade leaders and key advisers at odds over Chinese imports
The White House's key advisers want to remove tariffs on thousands of products imported from China, but the trade leaders said the Biden administration should not abandon America's previous trade commitments, even those made under former President Donald Trump. National security adviser Jake Sullivan wants the Biden administration to scale back ...
Trump administration: China no longer designated as currency manipulator
President Donald Trump’s administration has removed the label of currency manipulator for China as the two economic powers are due to sign the Phase One trade deal after 18 months of fierce negotiations. The Treasury Department released its decision in the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major ...
China economy grows at weakest pace in near 30-year, US tariffs bite
China’s economic growth dropped to the slowest level in nearly 30 years in the third quarter of 2019 as the tariff tensions with the United States hit its factory production. Reuters citing China’s statistics bureau reported the world’s second largest economy grew 6.0 percent on-year in the July-September period, after expanding ...
Trump administration pays $4 billion government trade aid for US farmers – report
U.S. farmers suffering from the trade war with China have received $4.07 billion of the latest round of government trade aid as of Monday, Sept. 16, the U.S. Department of Agriculture (USDA) confirmed in an email to Reuters. USDA Communications Director Michawn Rich said the department has received more than 302,000 ...
Mexico: The unforeseen winner in the US-China trade war
Mexico could begin to benefit if the United States and China decide to continue the trade war, because it has a strengthened industrial fabric in the field of manufacturing and numerous trade agreements. Mexico has emerged as a manufacturing center "with free-trade agreements that offer guaranteed access to more than 50 ...
China, US two-way trade falls nearly 14% in first 8 months amid trade war
The United States remains the largest single market for China’s exports in the first eight months of 2019, the latest data shows. China’s General Administration of Customs on Sunday released data showing its total imports and exports with the United States valued at $47.7 billion in August, bringing the combined value ...
President Trump reaffirms new tariffs from Sept. 1 as China’s export orders fall again
President Donald Trump has reaffirmed that new tariffs on Chinese goods are still set to take effect on Sunday, Sept. 1, after a number of companies have called to put back the schedule, CNBC reported. Speaking to reporters before departing the White House on Friday evening, Aug. 30, President Trump said ...
Chinese regime seeks to end trade war as its currency falls and markets drop
Chinese Deputy Prime Minister Liu He, who has led the so-called trade war talks with the United States, said on August 26 that his country will resolve the crisis in a calm manner. "We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose ...
Sen. Graham tells democrats the president is “doing the things you’ve been calling for all these years.”
The trade war between the U.S. and China may impact Americans somewhat, but according to South Carolina GOP Sen. Lindsey Graham, it is necessary to facilitate change with the Chinese communist regime. “How do you get China to change without creating some pain on them and us? I don’t know,” ...
White House: President Trump regrets not raising Tariffs higher on China
The White House has clarified that President Donald Trump meant he should have raised tariffs on China even higher when he said on Sunday, Aug. 25 that he had second thoughts about scaling up the trade fight against Beijing. “The president was asked if he had ‘any second thoughts on escalating ...
President Trump on China tariff: ‘They put some on us, we put a lot on them’
President Donald Trump on Friday, Aug. 23, asserted his measures are going to win China after Beijing has been hitting the U.S. economy for long time. "We’re having a little spat with China, and we’ll win it. We put a lot of tariffs on China today, as you know. They put ...
Trump says US firms ‘hereby ordered’ to quit China
President Donald Trump declared on Friday Aug. 23 for American companies "to immediately start looking" for alternatives to operating in China, hours after Beijing announced new trade sanctions on $75 billion in U.S. goods. President Trump said due to China's unfair trade practices they were pushing for a deal that ...
President Trump raises tariff on China goods in response to trade war retaliation
President Donald Trump continued his trade fight with China on Friday, Aug. 23, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there. Trump said he would be raising planned tariffs on $300 billion in Chinese goods from 10% to 15%. The Office of the U.S. Trade ...
President Trump orders American companies to leave China
President Donald Trump in a series of tweets on Friday, Aug. 23, ordered all U.S. companies with operations in China to begin looking for alternatives in response to retaliatory tariffs from Beijing. The president started by tweeting, "Our Country has lost, stupidly, Trillions of Dollars with China over many years. They ...
China retaliates with new tariffs on US goods, President Trump says ‘don’t need China’
China took a retaliatory measures against the United States on Friday, Aug. 23, by announcing a new round of tariffs on $75 billion of U.S. goods. In a response, President Donald Trump talked tough on Beijing. China's Finance Ministry said in a statement that tariffs of 10 percent and 5 percent ...
China warns of retaliation if US goes ahead with planned tariff hikes
China said it would take retaliatory measures in case the United States goes ahead with planned tariff hikes, calling Washington to “meet each other halfway” to settle trade disputes. During a news briefing on Thursday, Aug. 22, Ministry of Commerce spokesman Gao Feng said new U.S. tariffs would “lead to an ...
Trump adviser Navarro: Chinese tariffs are not hurting US
White House trade adviser Peter Navarro asserted on Sunday that tariffs on China are not hurting U.S. consumers or farmers, despite reports to the contrary from researchers. "We're in a situation where consumers have not been hurt, China is bearing the entire burden," Navarro said on CNN's "State of the Union." "You put ...
End of content
No more pages to load
