A US congressional commission is ringing alarm bells about China’s growing dominance over America’s drug supply, saying it is putting the country’s health in the hands of an adversarial nation. Roughly one-in-four generic drugs taken by Americans rely on key ingredients from China, according to a report released Tuesday by the US-China Economic and Security … Read more
As President Donald Trump has imposed steep tariffs on China, American importers are buying much less. But the rest of the world is making up the difference, buying more from China than ever. China has offset the decline from America with breathtaking speed. Shipments to other parts of the world have surged this year, demonstrating … Read more
China announced it will remove retaliatory tariffs on some US farm products and lift export controls on an array of American firms, after Washington halved its fentanyl-related levies on Chinese goods. The country’s finance ministry confirmed in a Wednesday notice it would end tariffs imposed March 4 on soybeans and other US agricultural products including … Read more
When South Korea‘s newly elected president, Lee Jae Myung, visited Washington in August, he was asked about anmigyeongjung, the nation’s well-established policy of maintaining strategic neutrality between the United States and China. The Korean phrase, loosely translated as “the United States for security and China for the economy,” refers to how the country must balance … Read more
For months, bubbling trade tensions between China and the US seemed to calm to a simmer, with words like “thaw” and “truce” swapped in for warnings of economic “war.” Now, hostilities appear to be returning to full boil. A series of tit-for-tat moves this week by the two superpowers has thrust trade hostilities back in … Read more
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 October 14, China’s transport ministry said. The fees are a counter-measure against upcoming U.S. port fees on Chinese ships, the ministry … Read more
Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that have crippled each other’s exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each other’s goods at an all-time … Read more
American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president’s massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks. And the higher costs … Read more
After a lot of back-and-forth action, Trump‘s tariff dampener that iced up world trade — and especially all trade between the US and China — may finally have shown signs of a thaw on some critical frontiers, Goldman Sachs Group has noted.China, the leading producer of plastics globally, may consider exempting imports of petrochemical feedstocks … Read more
China on Wednesday removed Vice Commerce Minister Wang Shouwen from his role as trade negotiator and replaced him with a former Chinese representative to the World Trade Organization, amid an escalating tariff war with the United States. Li Chenggang, 58, who previously served as Assistant Commerce Minister during the first Donald Trump administration, has taken … Read more