US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent tariff unless their devices are built in the United States. Trump initially said the tariff would apply only to Apple — an unusual move to single out a specific company in trade policy. However, he later expanded the threat … Read more
U.S. Secretary of the Treasury Scott Bessent and U.S. Trade Representative Jamieson Greer address the media after trade talks with China in Geneva, Switzerland, May 11, 2025. | Photo Credit: Reuters The United States and China on Sunday (May 11, 2025) said progress had been made after a weekend of talks aimed at de-escalating trade … Read more
On Friday, two Republican lawmakers — House China committee chair John Moolenaar and Senate ageing committee chair Rick Scott — are urging the US Securities and Exchange Commission (SEC) to delist 25 Chinese companies, including Alibaba Group. According to a Financial Times report, they argue that these firms’ alleged military ties endanger US national security … Read more
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas (C) and IMF Research Department Deputy Director Petya Koeva Brooks (R) take questions as they speak on the “World Economic Outlook” during the IMF/World Bank Group Spring Meetings in Washington, DC, on April 22, 2025. | Photo Credit: AFP The IMF said Tuesday it now believed China’s … Read more
Container ships are seen at the port in Qingdao, in China’s eastern Shandong province on April 15, 2025. | Photo Credit: AFP China appointed a new top international trade negotiator on Wednesday (April 16, 2025) amid tariff tensions with the United States. Trump’s reciprocal tariffs: Explainers, analysis, videos and views The Chinese government said that … Read more
Asian shares slumped at the open as White House pushing ahead with sweeping tariffs on trading partners including a 104% levy on China sapped investor appetite for risk. US Treasury yields extended their gains. Stocks tumbled in Australia and Japan and equity-index futures for the S&P 500 fell more than 1.8%. The dollar edged lower … Read more
For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they … Read more
Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in California on November 15. | Photo Credit: REUTERS The story so far: The U.S. President Joe Biden and his Chinese counterpart Xi Jinping held a summit, their second, … Read more
The US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology. The desire for a hard line in dealings with China is one of the few bipartisan sentiments in the deeply divided US Congress, which is narrowly controlled by President Joe … Read more
NEW DELHI: The prospects for India-Taiwan bilateral trade, which was hit hard this year due to disruptions caused by the COVID-19 pandemic, look promising in 2021, according to the Taiwan External Trade Development Council (TAITRA). The overall restructuring of supply chains will give India a very unique place and attract many Taiwanese companies to invest … Read more