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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

China's President Xi Jinping likely to skip Trump's inauguration ceremony

However, China's ambassador to the US and his spouse are expected to attend the event

Taiwan officials visit US for talks with President-elect Trump's aides

The visit by Lin and Hsu comes as China's military has stepped up activity near the Taiwan Strait

Donald Trump invites China's Prez Xi Jinping to attend inauguration: Report

The invitation to the Jan. 20 inauguration in Washington occurred in early November, shortly after the Nov. 5 presidential election

Biden approves security memo to help Trump on China, Iran, N Korea, Russia

President Joe Biden has approved a new national security memorandum that is meant to serve as a roadmap for the incoming Trump administration as it looks to counter growing cooperation among China, Iran, North Korea and Russia, the White House said Wednesday. Biden administration officials began developing the guidance this summer. It was shaped to be a document that could help the next administration build its approach from day one on how it will go about dealing with the tightening relationships between the United States' most prominent adversaries and competitors, according to two senior administration officials. The officials, who spoke on the condition of anonymity under ground rules set by the White House, said the classified memorandum would not be made public because of the sensitivity of some of its findings. The document includes four broad recommendations: improving US government interagency cooperation, speeding up the sharing of information with allies about the four .

China says it takes 'necessary steps' to defend sovereignty over Taiwan

A senior Taiwanese official said they believed the surge in activity was meant to send a political message to the incoming administration of US President-elect Donald Trump

China to restrict visas to US officials for threatening Hong Kong curbs

The curbs were in retaliation for Washington's previous vow to restrict the visas of unnamed Hong Kong officials for carrying out a national security crackdown that silenced dissent

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

US agencies to brief House on alleged Chinese Salt Typhoon telecom hacking

White House last week said at least eight telecommunications and telecom infrastructure firms in the United States had been impacted and a large number of Americans' metadata has been stolen

Huawei suppliers likely to face further US limits under defence bill

The provision is likely to become law given its inclusion in the bill, which is considered must-pass before Congress adjourns for the year

US lawmakers raise concerns in new export rules on China's chip access

They criticised the introduction of the 'License Exception Restricted Fabrication Facility,' a list-based approach which they argued would be ineffective in protecting US national security

Activists warn of China's growing influence on culture, free speech in US

China's government is intensifying its campaign to reshape cultural identity and history of it's minority ethnic groups and political dissidents, with these efforts now extending to American soil

Trump appoints former Senator David Perdue as US ambassador to China

President-elect Donald Trump said Thursday he is choosing former Sen David Perdue of Georgia to be ambassador to China. Trump said in a social media post that Perdue, a former CEO, brings valuable expertise to help build our relationship with China. Perdue pushed Trump's debunked lies about electoral fraud during his failed bid for Georgia governor. Perdue lost his Senate seat to Democrat Jon Ossoff four years ago and ran unsuccessfully in a primary against Georgia Gov Brian Kemp. Economic tensions will be a big part of the US-China picture for the new administration. Trump has threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders. The Chinese Embassy in Washington cautioned earlier this wee

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

At least 8 US firms, dozens of nations impacted by China's hacking: WH

A top White House official on Wednesday said at least eight US telecom firms and dozens of nations have been impacted by a Chinese hacking campaign. Deputy national security adviser Anne Neuberger offered the new details about the breadth of the sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Neuberger divulged the scope of the hack a day after the FBI and the Cybersecurity and Infrastructure Security Agency issued guidance intended to help root out the hackers and prevent similar cyberespionage in the future. White House officials cautioned that number of telecommunication firms and countries impacted could still grow.

China's industries warn US chips no longer safe amid rising trade tensions

China and the US have targeted each other's economies in the last few days, escalating tensions even before U.S. President-elect Donald Trump returns to the White House in January

FBI warns against Chinese hackers, asks telecom firms to boost security

Federal authorities on Tuesday urged telecommunication companies to boost network security following a sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. The guidance issued by the FBI and the Cybersecurity and Infrastructure Security Agency is intended to help root out the hackers and prevent similar cyberespionage in the future. Officials who briefed reporters on the recommendations said the US still doesn't know the true scope of China's attack or the extent to which Chinese hackers still have access to US networks. In one sign of the global reach of China's hacking efforts, the government's warning was issued jointly with security agencies in New Zealand, Australia and Canada, members of the Five Eyes intelligence alliance, which also includes the US and Britain. Dubbed Salt Typhoon by analysts, the wide-ranging cyberespionage campaign emerged earlier this year after hackers sought

China announces ban on Germanium, Gallium exports to US in tit-for-tat move

Gallium, germanium, antimony and superhard materials are no longer allowed to be exported to America as an overall principle, the Ministry of Commerce said in a statement Tuesday

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