Vessels owned or operated by U.S. firms and individuals, or those built in the United States or that fly the U.S. flag, will be charged additional port fees per voyage starting on Tuesday, China’s transport ministry said on Friday. The port fees are a countermeasure against upcoming U.S. port fees on Chinese ships, the ministry … Read more
Beijing is stacking up its bargaining chips ahead of expected U.S.-China talks when Presidents Donald Trump and Xi Jinping visit Seoul this month, announcing new export controls to tighten its grip over high-tech manufacturing supply chains. The two superpowers look to be struggling to move beyond their current tariff truce – a 90-day pause from … Read more
U.S. Defense Secretary Lloyd Austin, second from left, and China’s Defense Minister Wei Fenghe, second from right, meet in Siem Reap, Cambodia, on November 22, 2022. | Photo Credit: AP U.S. Defense Secretary Lloyd Austin met his Chinese counterpart Wei Fenghe in Cambodia on Tuesday, with both sides describing the talks as productive without backing … Read more
SINGAPORE/LONDON: Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors towards safe-haven assets. Brent crude dipped 20 cents, or 0.5%, to $43.14 a barrel by 1000 GMT, while U.S. West Texas Intermediate (WTI) crude dropped to $41.15 a barrel, down 14 cents, or 0.4%. … Read more