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'It's possible, it's possible': Trump hints at new trade deal with China

Trump signed a trade deal with China in January 2020. Under this agreement, China promised to protect US trade secrets, buy $200 billion worth of US products, and lower some trade barriers

Labour unions urge Trump to boost US shipbuilding against China's dominance

The heads of four major labour unions on Wednesday called on President Donald Trump to boost American shipbuilding and enforce tariffs and other "strong penalties" against China for its increasing dominance in that sphere. The presidents of the United Steelworkers, International Brotherhood of Electrical Workers, International Brotherhood of Boilermakers and International Association of Machinists and Aerospace Workers argue that China's efforts have hurt American workers and national security. In a draft of the letter obtained by AP, they urged Trump to "impose tough penalties against vessels built according to the plans, policies, and actions of the Chinese Communist Party and to adopt complementary policies that rebuild America's shipbuilding capacity and workforce". Last year under President Joe Biden, the unions filed a petition seeking to address China's shipbuilding under Section 301 of the 1974 US Trade Act, hoping to start a process by which tariffs and other measures could

Musk's Tesla may face licensing delays in China amid Trump tariff threats

Chinese authorities may be considering leveraging Tesla's approval process as a strategic tool in ongoing trade negotiations with the US government

Donald Trump's son says US military should focus on China, avoid war

Donald Trump Jr added that 'when you consider that the American people would benefit most from a balance of power with China that avoids war, it makes perfect sense'

China lauds EU ties as Trump's peace plan with Russia chills continent

In contrast, China's Foreign Minister Wang Yi used his address to say that all stakeholders in the Russia-Ukraine war should participate in any peace talks, including the European Union

Trump wants denuclearisation talks with Russia, China to cut defence budget

President Donald Trump said Thursday that he wants to restart nuclear arms control talks with Russia and China and that eventually he hopes all three countries could agree to cut their massive defense budgets in half. Speaking to reporters in the Oval Office, Trump lamented the hundreds of billions of dollars being invested in rebuilding the nation's nuclear deterrent and said he hopes to gain commitments from the US adversaries to cut their own spending. There's no reason for us to be building brand new nuclear weapons, we already have so many, Trump said. You could destroy the world 50 times over, 100 times over. And here we are building new nuclear weapons, and they're building nuclear weapons. We're all spending a lot of money that we could be spending on other things that are actually, hopefully much more productive," Trump said. While the US and Russia hold massive stockpiles of weapons since the Cold War, Trump predicted that China would catch up in their capability to exact

Tariffs on China 'retaliatory' for fentanyl distribution: US press secy

'I don't have any updates on when that call will take place,' adding that the call is being scheduled and would 'happen very soon' Karoline Leavitt said

Xi Jinping's careful reply to Trump tariffs shows China has more to lose

China is being restrained because it "has more to lose," due to its huge trade imbalance with the US, according to Larry Hu, head of China economics at Macquarie Group Ltd

China launches antitrust probe into Google, labels 2 other firms unreliable

China Tuesday announced a flurry of retaliatory measures against the US, including tariffs on imports of products such as coal, liquefied natural gas products and crude oil, as well as an antitrust probe into Google. It also placed two other US firms on an unreliable entity list that could bar them from investing in China. China and Google have had a long and entangled relationship going back to the early 2000s. Here's a look at Google's history in China and what the antitrust probe means for the company: What is Google's relationship with China? Google launched Chinese-language search engine google.cn in 2006. It was censored to comply with Beijing's laws, and in 2009, was a major search engine in China with about 36% market share. In 2010, in response to a cyberattack and an increasing unwillingness to comply with censorship rules, Google said it was no longer willing to block search results and shut down its Chinese search engine, redirecting users to its Hong Kong site ...

US, Philippine jets jointly patrol disputed shoal region guarded by China

US and Philippine fighter aircraft staged a joint patrol and training Tuesday over a disputed South China Sea shoal where Chinese fighter jets fired flares last year to drive away a Philippine aircraft, Philippine officials said. The joint patrol and air-intercept drills over the hotly disputed Scarborough Shoal off the northwestern Philippines were the first by the longtime treaty allies since US President Donald Trump took office again. Trump's America First foreign policy thrust has sparked concerns among Washington's allies in Asia about the scale and depth of US commitment to the region in his new term. His predecessor, Joe Biden, had moved to strengthen an arc of security alliances in the region to counter China's increasingly assertive actions. Two US Air Force B-1 bomber aircraft and three Philippine Air Force FA-50 fighter jets joined the brief patrol and training, which involved practising how to intercept a hostile aircraft, Philippine air force spokesperson Maria Consuel

US-China trade war to benefit Indian exporters in increasing shipments

The trade war between the US and China is expected to benefit Indian exporters in increasing their shipments to the American market, sources said. They said the country was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump's first tenure. After coming to power again, Trump on Saturday signed an order to impose stiff tariffs on imports from China, fulfilling a campaign promise but raising the prospect of increased prices for American consumers. "India is likely to gain out of this trade war. Significant rise in exports are expected from India," a source said. Exporters have also stated that the imposition of customs duties by the US on imports from China provides huge export opportunities for India to America. The tariffs would affect exports from China to the US as they would push prices of their goods in the American market, making them less competitive. "The move can create opportunities for Indian exports due to the tr

Trump plans to speak with Xi Jinping as deadline for China tariffs looms

China's reaction to Trump's initial tariff announcement - coming in the middle of a weeklong Lunar New Year holiday - was relatively muted

India set for electronics boost amid Trump's tariffs on Chinese imports

The US-China tariff conflict gives India's tech industry a boost as global brands like Apple and Motorola expand exports from India, capitalising on the US tariffs against China's electronics

Trump bans China's 'de minimis' route: What it is and why it matters

Trump's new tariffs suspend China's de minimis exemption, blocking duty-free shipments under $800 - a move aimed at curbing fentanyl inflows and impacting Chinese e-commerce firms

Will take canal back or something powerful will happen, Trump warns Panama

Military intervention would likely not be required but Panama has breached its agreement with the US, said President Donald Trump

China denounces US tariffs, says they are open for talks to avoid conflict

Beijing's Commerce and Finance ministries said China will challenge the decision before the World Trade Organization and take unspecified "countermeasures"

Donald Trump imposes 25% tariffs on Canada and Mexico, 10% on China

Trump's tariffs deliver on a threat to punish the three countries for what he says is a failure to prevent the flow of undocumented migrants and illegal drugs

US businesses prepare for Donald Trump's tariffs to drive up expenses

From an ice cream parlour in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump imposed Saturday on imports from Canada, Mexico and China America's three biggest trading partners. The levies 25 per cent on Canadian and Mexican and 10 per cent on Chinese goods will take effect Tuesday. Canadian energy, including oil, natural gas and electricity, will be taxed at a lower 10 per cent rate. Mexico's president immediately ordered retaliatory tariffs and Canada's prime minister said the country would put matching 25% tariffs on up to USD 155 billion in US imports. China did not immediately respond to Trump's action. The Budget Lab at Yale University estimates that Trump's tariffs would cost the average American household USD 1,000 to USD 1,200 in annual purchasing power. Gregory Daco, chief economist at the tax and consulting firm EY, calculates that the tariffs

Trump tariffs, reforms target loophole used by Chinese online retailers

Under the de minimis exemption, products below that amount are able to enter the US without tariffs, boon for China's e-commerce retailers who ship often cheaper wares directly to consumers in the US

China vows unspecified measures to counter US tariffs, threatens WTO action

China "firmly opposes" the levy and will file proceedings to the World Trade Organization, a spokesperson from the Ministry of Commerce said in a statement