Page 4 - Us China Trade War

Hong Kong needs to reinvent itself to retain competitive edge: Mark Mobius

He pointed to the growing rivalry between the US and China over tech and AI as an area that Hong Kong could leverage

Shangri-La dialogue to begin today, China-US theme to dominate discussion

The annual gathering in Singapore has become an increasingly influential forum for the world's top defence and security policy types, particularly as concerns over China's military actions

President Biden to end tariff exclusions on hundreds of Chinese products

Some of the products receiving continued exclusions through next May include types of motors and medical equipment, but the products are as varied as child safety seats

India and China hindering 'Pillar 1' tax deal, refusing to engage: Yellen

Earlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the US, India and China

The Sino-American trade war benefits China's competitors

India offers a prime example. It has successfully attracted several Western firms exiting China since launching its 'China Plus One' strategy in 2014

Yellen wants G7 'wall of opposition' to China's excess industrial capacity

Yellen said that if G7 ministers can agree on concept for bringing forward the earnings on the frozen Russian assets, they will spend time before G7 summit in Puglia in mid-June on refining details

China sanctions Boeing, 2 other US defence firms for Taiwan arms sales

Lai Ching-te, Taiwan's new president, has vowed to strengthen Taiwan's security through imports of advanced fighters and other technology and strengthening its domestic defence industry

US ambassador to Japan visits southern islands at centre of China tension

The US ambassador to Japan stressed Friday the importance of increased deterrence and his country's commitment to its key ally as he visited two southwestern Japanese islands at the forefront of Tokyo's tension with Beijing. Rahm Emanuel visited Yonaguni, Japan's westernmost island just east of Taiwan, a self-governed island also claimed by China. He later visited another Japanese island, Ishigaki, home to Japan Coast Guard patrol boats defending the disputed East China Sea islands and Japanese fishermen from armed Chinese coast guard ships that routinely enter Japanese waters. Japan has been making a southwest shift of its defense posture, and is further accelerating its military buildup under a 2022 security strategy that focuses on counter-strike capability with long-range cruise missiles. Emanuel was the first US ambassador to visit Yonaguni. Escorted by Mayor Kenichi Itokazu, he looked toward Taiwan, only 110 kilometres (68 miles) away. He met with Japanese Self Defense Force .

Taiwan selling more to US than China in major shift away from Beijing

Whether it's tapioca balls or computer chips, Taiwan is stretching toward the United States and away from China the world's No. 2 economy that threatens to take the democratically ruled island by force if necessary. That has translated to the world's biggest maker of computer chips which power everything from medical equipment to cellphones announcing bigger investments in the U.S. last month after a boost from the Biden administration. Soon afterward, a Taiwanese semiconductor company said it was ending its two-decade-long run in mainland China amid a global race to gain the edge in the high-tech industry. These changes at a time of an intensifying China-U.S. rivalry reflect Taiwan's efforts to reduce its reliance on Beijing and insulate itself from Chinese pressure while forging closer economic and trade ties with the United States, its strongest ally. The shift also is taking place as China's economic growth has been weak and global businesses are looking to diversify following

China, Russia reaffirm close ties as Moscow presses offensive in Ukraine

Russian President Vladimir Putin and Chinese leader Xi Jinping on Thursday reaffirmed their no-limits partnership that has deepened as both countries face rising tensions with the West, and they criticized US military alliances in Asia and the Pacific region. At their summit in Beijing, Putin thanked Xi for China's proposals for ending the war in Ukraine, which have been rejected by Ukraine and its Western supporters as largely following the Kremlin's line. Putin's two-day state visit to one of his strongest allies and trading partners comes as Russian forces are pressing an offensive in northeastern Ukraine's Kharkiv region in the most significant border incursion since the full-scale invasion began on February 24, 2022. China claims to take a neutral position in the conflict, but it has backed the Kremlin's contentions that Russia was provoked into attacking Ukraine by the West, and it continues to supply key components needed by Moscow for weapons production. China, which hasn't

China to take 'resolute measures' in response to US tariff hikes on imports

US President Joe Biden has directed his Trade Representative to increase tariffs on USD 18 billion of imports from China

China protests against new US tariffs, promises to protect its interests

China's Commerce Ministry also said that the move is against US President Joe Biden's earlier stand of not seeking to 'contain' or 'decouple' with Beijing

Biden hits Chinese imports with tariffs to safeguard American workers

US President Joe Biden has imposed heavy tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, saying it would ensure that American workers are not held back by unfair trade practices. These include a 100 per cent tariff on electric vehicles, a 50 per cent tariff on semiconductors, and a 25 per cent tariff each on electric vehicle batteries from China. In his address to the nation from the Rose Garden of the White House, Biden said America can continue to buy any kind of car they want, but we're never going to allow China to unfairly control the market for these cars. Period. I want fair competition with China, not conflict. We are in a stronger position to win that economic competition of the 21st century against China than anyone else because we're investing in America again, he said. Biden alleged that for years, the Chinese government has poured state money into Chinese companies across a whole range of industries: steel and aluminium, ...

US suggests additional tariffs if China moves EV production to Mexico

The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells. But Chinese EV company BYD has previously indicated that it was looking at factory sites in Mexico for the Mexican market, creating a possible loophole to avoid the expanded tariffs. Asked at the White House news briefing about new tariffs should Chinese companies launch production in Mexico, U.S. Trade Representative Katherine Tai said, Stay tuned. Tai said that additional tariffs would require a separate pathway from the Section 301 review of the Trade Act of 1974. That four-year review led to the tariffs on $18 billion worth of

How hard will Biden-led new US tariffs hit China EVs, other exports?

The impact on Chinese industries, however, is expected to be limited

Taiwan defence min reports surge in Chinese military activity near island

Since September 2020, China has intensified its use of 'grey zone tactics' by operating more military aircraft and naval ships near Taiwan

US plans to impose new tariffs on EVs, other Chinese green energy imports

The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. Tariffs on electric vehicles, in particular, could quadruple from the existing 25% to 100%. The plan was described by the people on condition of anonymity because they were not authorized to provide details ahead of a formal announcement. The tariffs, expected to be announced Tuesday, come as officials across the Democratic administration have expressed frustration over China's manufacturing overcapacity of EVs and other products that they say pose a threat to U.S. jobs and national security. Industrialized nations including the United States and its European allies fear a wave of low-priced Chinese exports will overwhelm domestic manufacturing. On the U.S. side, there is particular concern that China's green energy products will undermine massive ...

China's exports and imports return to growth, signalling demand recovery

Shipments from China grew 1.5% year-on-year last month

WhatsApp: Banned in China, Meta's messaging app now working for some users

Users of the Meta Platforms Inc. service in Beijing and Shanghai, who normally employ workarounds like a virtual private network to get on the service, are using it normally

Huawei's latest high-end phone uses more China-made parts, memory chip

Huawei's resurgence in the high-end smartphone market after four years of US sanctions is being widely watched