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Tag: China

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China halts Boeing aircraft deliveries amid escalating trade war

China has instructed its airlines to halt further deliveries of Boeing aircraft in response to the United States’ imposition of 145% tariffs on Chinese goods. The Chinese government is exploring ways to support domestic airlines that lease Boeing aircraft and are now facing higher costs due to rising trade tensions with the United States, according […]

News

China’s labour force faces hit as US export sectors shrink—Goldman Sachs

Goldman Sachs estimates that as much as 3% of China’s labour force—around 20 million people—could be impacted, particularly those working in sectors tied to United States bound exports. This follows the trade war between the U.S. and China, especially Trump’s imposition of high tariffs, which has created significant economic challenges for China. This slowdown, compounded […]

China increases number of Nigerian-made goods in Chinese market
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China’s exports rises to 12.4% despite US tariff

China’s exports recorded a sharp 12.4 percent rise in March, far exceeding analysts’ forecasts, as businesses rushed to ship goods before a fresh round of United States tariffs came into force. The spike in outbound trade was described by economists as a frontloading effort to beat the April 2 deadline for new duties imposed by […]

Business

China welcomes US electronics tariff exemption, calls it minor progress 

China has described the United States decision to exempt certain consumer electronics from its tariffs as a minor but welcome step toward addressing what it calls unfair trade practices. Beijing urged Washington to go further by removing all additional levies. On April 11, the Trump administration announced that smartphones, computers, and other electronics would be […]

Business

China strikes back, raises tariffs on US goods to 125%

China responded on Friday to United States President Donald Trump’s tariff hikes by raising its own tariffs on American goods from 84% to 125%, according to the Chinese finance ministry. The ministry said, “Even if the U.S. continues to raise tariffs, it will no longer be economically meaningful and will go down as a joke […]

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China cuts Hollywood film imports as trade war escalates

China plans to cut back on Hollywood film imports as tensions rise in its trade dispute with the United States. In a statement released Thursday, the China Film Administration confirmed the move, responding to questions about whether growing U.S. tariffs would affect American movie imports. The CFA said China would instead focus on increasing film […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

China retaliates, hits US with 34% import tariff

China’s Ministry of Finance has announced a 34% tariff on all U.S. imports starting April 10, in response to similar duties implemented by the U.S. under former President Donald Trump’s administration, according to state news outlet Xinhua. “China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation […]

Trump considers sanctions against China’s DeepSeek
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Chinese AI startup DeepSeek upgrades V3 Model, challenging US rivals

Chinese artificial intelligence startup DeepSeek has launched a major upgrade to its V3 large language model, intensifying competition with United States’ tech leaders such as OpenAI and Anthropic. The latest model, DeepSeek-V3-0324, is now available on the AI development platform Hugging Face, marking the company’s latest effort to establish a strong foothold in the evolving […]

China approves AI Assistant Monica for local market, adds to collection
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China approves AI Assistant Monica for local market, adds to collection

Beijing’s municipal government announced on Tuesday that Monica, a Chinese version of AI startup Manus’ Assistant, has completed the regulatory registration required for generative AI applications in China. This approval marks a significant milestone for the AI assistant, clearing a key regulatory hurdle. China imposes strict regulations on generative AI platforms, requiring them to comply […]

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China, India emerge as Nigeria’s largest import partners

China and India have solidified their positions as Nigeria’s largest sources of imports, accounting for a combined total of N20.31 trillion in 2024, according to the latest trade report from the National Bureau of Statistics. The report indicates that China led the import chart with goods valued at N14.14 trillion, while India followed with N6.17 […]

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China hits Canada with tariffs amid escalating global trade tensions

China has announced retaliatory tariffs on Canadian agricultural products in response to Canada’s earlier imposition of duties on Chinese-made electric vehicles, steel, and aluminum products. Beijing said the new Chinese tariffs, effective March 20, will impose a 100% duty on Canadian rapeseed oil, oil cakes, and peas, and a 25% duty on aquatic products and […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
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China strikes back with 15% tariffs on US goods

China has announced Tuesday additional upto tariffs and export controls on goods and companies in response to recent United States tariff increases on Chinese imports. These measures are in retaliation to the U.S. increasing tariffs on Chinese imports to 20% as of March 4. China is imposing new tariffs on U.S. agricultural goods, including a […]

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