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U.S. President Donald Trump’s moves to take China to task on trade are likely to backfire as his sweeping global tariffs hit allies as well as rivals, according to former national security advisor John Bolton. “This is certainly not the way you treat your friends. You don’t slap them in the face publicly and say,…
China has for years presented an economic challenge for Europe. Now, it could become an economic disaster. It produces a vast array of artificially cheap goods — heavily subsidized electric vehicles, consumer electronics, toys, commercial grade steel and more — but much of that trade was destined for the endlessly voracious American marketplace. With many…
China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China. “We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its…
For the two men at the forefront of a trade war that has begun to rupture ties between the world’s biggest economies, the question has become who will blink first. On one side is President Trump, who unleashed a disruptive plan to transform the modern global trading system with tariffs — only to back down…
China’s President Xi Jinping urged the European Union on Friday to join hands with Beijing in resisting “unilateral bullying”, after US President Donald Trump’s tariff onslaught sparked mayhem on world markets. After equities crumpled and bond markets starting flashing red, Trump this week blinked first in his push to remodel the post-war system of global…
A dizzying escalation of tariffs has unraveled a trade relationship between the United States and China forged over decades, jeopardizing the fate of two superpowers and threatening to drag down the world economy. The brinkmanship displayed by the two countries has already far exceeded the battles they waged during President Trump’s first term. In 2018…
Washington: Donald Trump’s reciprocal tariffs, which was meant to impose levies against all those who tariff US goods, has taken a fresh turn. It has evolved into a slugfest between China and the United States, with Washington now imposing a punishing 125 per cent tax on all Chinese goods. At the same time, tariffs on…
Washington: Donald Trump has announced an additional 50 per cent tariff on China less than 48 hours after Beijing announced a tit-for-tat 34 per cent tariff on the United States, which Trump had declared two days earlier as part of his reciprocal tariff order. This now takes US’ tariff on all Chinese goods to an…
China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and that…
China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and that…
