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Tag: China

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China considers exempting certain goods from US tariffs

China is reportedly considering suspending its 125% tariff on certain U.S. imports, according to a Bloomberg report. This move is driven by concerns about the negative impact the prolonged trade war is having on vital Chinese industries. The proposed tariff reductions would target critical sectors, including medical equipment and industrial chemicals like ethane, used in […]

News

China acknowledges EU’s appeal in WTO intellectual rights dispute

China has acknowledged receiving an appeal from the European Union regarding an intellectual property rights arbitration case at the World Trade Organization, according to its commerce ministry. It stated that China will address the issue in line with relevant WTO rules and procedures. The ministry emphasized that the Multi-Party Interim Appeal Arbitration Arrangement is crucial […]

US considers equity stakes in chipmakers under CHIPS act
News

Trump to slash US tariffs on China ‘substantially’

President Donald Trump has hinted at a potential reduction in tariffs on Chinese goods, signaling a possible thaw in the tense U.S.-China trade relationship that has rattled global markets. During a White House press briefing on Tuesday, Trump indicated that the hefty tariffs—some reaching as high as 145%—could soon be eased, though not eliminated entirely. […]

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

China vows retaliation against countries backing US isolation efforts

China warned on Monday that it would take retaliatory actions against countries that align with the United States in ways that harm Beijing’s interests, as the trade conflict between the world’s two largest economies risks involving other nations. China’s warning follows reports that the Trump administration plans to use tariff negotiations to pressure U.S. allies […]

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Shein, Temu raises prices for US shoppers as tariff changes take effect

Fast-fashion giants Shein and Temu have announced plans to raise prices for United States customers starting April 25. The decision comes in response to a new wave of tariffs imposed on Chinese imports under former President Donald Trump’s trade policies. According to the Associated Press, the new measures include a 145% tariff on Chinese-made goods […]

Business

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
News

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 […]

News

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 […]

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