Us China Trade War

Biden to launch probe into Chinese semiconductors over security risks

The investigation examining so-called foundational chips could take months to conclude, meaning that any reaction to the findings will be left to the discretion of President-elect Donald Trump's team

Mexico, Canada, Asean gained more from US-China trade war than India: GTRI

Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. It said that India has to strengthen its local supply chains and produce critical intermediates to reduce reliance on China, while improving cost efficiency and ease of doing business to enhance competitiveness of domestic industries and increase exports to the US. With Donald Trump again becoming the US President, the evolving trade landscape offers huge opportunities for the Indian industry as he is now planning new tariffs targeting Mexico, Canada, China, and others. The US-China trade war, initiated in 2018 under President Trump with tariffs targeting key sectors, has significantly reshaped global trade flows but failed to achieve its primary goals. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a

Yellen says US will 'react strongly' to any currency manipulation

Asked about the potential for the Trump administration to try to weaken the dollar's value through a new version of the 1985 Plaza Accord, Yellen said that the Biden administration believes it's best

Xi readies bargaining chips for US trade war after Biden announces curbs

If Trump were to impose tariffs again, China could once more respond in kind, hitting US exports of machinery or agricultural exports of soybeans, corn, pork again

China targets Nvidia with antitrust probe, escalating US chip tensions

The investigation comes after the US last week launched its third crackdown in three years on China's semiconductor industry

Donald Trump's plan to impose 10% tariff on China has $64 bn import hole

It might be difficult to achieve it fully because tens of billions of dollars worth of goods will probably escape those import taxes due to loopholes and undercounting

China to impose sanctions on US military firms for selling arms to Taiwan

The step follows China's strong objection to the United States authorising a potential $385-million sale of spare parts and support for F-16 jets and radars to Taiwan

China impact? HEG stock nears 5-year high, zooms 30% in 2 days

As per media sources, China has announced that it will implement stricter end-user and end-use reviews for graphite exports to the US.

Chinese chip companies say they can withstand fresh US export curbs

Capital expenditure by the Chinese chip industry next year will likely fall by $10 billion, or about 30 per cent year-on-year, to $35 billion, as a result of these curbs, Jefferies analysts said

China's central bank vows supportive monetary policy as US trade war looms

Monetary policy support will be critical to China's economy next year as the US president-elect has vowed to impose steep tariffs on Chinese goods

Latest US crackdown on China's chips hits semiconductor toolmakers

Effort to hobble Beijing's chipmaking ambitions will also hit Chinese chip toolmakers Piotech and SiCarrier Technology with new export restrictions as part of the package

China's chip industry faces new US sanctions amid rising tech tensions

US plans to blacklist 200 Chinese firms, including Huawei partners, in the latest export curbs targeting chip equipment suppliers

China's state media praises some US firms amid fears of new trade war

The China Daily also noted that Morgan Stanley received regulatory approval in March to expand its China operations, citing this as evidence of foreign financial firms' enthusiasm for investing

Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025

Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose

Donald Trump's trade chief pick advocates 'strategic decoupling' from China

Greer calls for Congress to revoke Beijing's permanent normal trade relations status and impose new, higher tariffs

Global manufacturing footprint to shield from Trump's tariffs: Foxconn

Foxconn would only be able to share more details about the company's US plans after Jan 20, once Trump takes office and his policies become clearer

China state media dismiss Trump's tariff threat, focus on fentanyl

Trump is threatening Beijing with far higher tariffs than the 7.5 per cent-25 per cent levied on Chinese goods during his first term

Trump tests Xi Jinping's appetite to play ball with early tariff threat

Trump's gambit risks setting in motion a standoff between the world's two biggest economies following an election campaign that already brought fears over a new wave of protectionism

Willing to talk with US to push forward bilateral trade, says China

China is also willing to 'expand areas of cooperation and manage differences' with the US, vice commerce minister Wang Shouwen said

US commission recommends arms sales upgrade for Taiwan amid China tensions

While President Lai Ching-te's administration plans to address China's military threat with asymmetric defense strategies, the report states that China's gray zone military activities near Taiwan have