President Donald Trump plans to impose tariffs of around 25% on auto imports, semiconductor (computer/phone) chips, and pharmaceuticals shipped to the United States.
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For some 100 critical drugs, the US supply comes from one factory in China
US companies eagerly offshored their supply chains to drive down costs and boost profits. But today, the world economy is a battlefield. Sanctions, tariffs, and export controls are now the primary way …
Trump’s proposed 25% tariffs would ‘spare China’ but hurt its neighbours: analysts
US President Donald Trump’s latest tariff proposals – which involve slapping duties of 25 per cent or more on imports of cars, drugs and chips – are likely to hit China’s regional competitors harder …
There Is a Big Chance China Will Rethink Its Crypto Ban, and Hong Kong’s Web3 Embrace Is the Key
The likelihood of China lifting its crypto trading ban has risen significantly, fueled by Hong Kong’s expanding crypto market. Yifan He, CEO of Red Date …
China’s business innovators say will resist external pressure after meeting with Xi
Some of China’s prominent business leaders, including the heads of carmakers BYD and Xiaomi , said they would resist external pressure and keep innovating, following a rare meeting between President …
Trump Eyes a Bigger, Better Trade Deal With China
U.S. officials are considering whether they can strike a deal with China that would ramp up its purchases of American goods and investments in the United States.
These Are the Largest Weapons Manufacturers Building China’s War Chest
China spent over $309 billion on defense in 2023, more than any other country with the exception of the United States. China’s record-high defense spending is the product of steady year-over-year …
China minister expresses dissatisfaction over tariffs to new US trade secretary
Chinese Commerce Minister Wang Wentao has expressed strong dissatisfaction with U.S. tariffs on Chinese goods in a letter addressed to the newly confirmed U.S. Commerce Secretary Howard Lutnick, the …
US displaced China as Germany’s biggest single trading partner last year
The United States was Germany’s biggest single trading partner last year for the first time since 2015, displacing China from the top spot as exports to the Asian power declined, official figures …
China boosts oil imports from Brazil and West Africa as sanctions reshape sourcing
As Middle Eastern crude prices have increased, Chinese refiners have increased purchases of Brazilian and West African crude. This comes as refiners reorganize their sourcing due to sanctions, tariff …
Killer of Japan boy in China’s Shenzhen did not appeal death sentence
The man convicted of fatally stabbing a 10-year-old Japanese boy in Shenzhen, southern China, last September has not appea …
China proposes new rules to tighten control over rare earth sector
China on Wednesday began public consultation on new regulations designed to protect its domestic rare earth industry, a sector where Beijing has previously weaponised its dominance via export controls …
China refiners buy more Brazilian, W.African crude as sanctions, tariffs disrupt supply
Chinese refiners have stepped up purchases of Brazilian and West African crude as they reorganise sourcing around sanctions and tariff disruptions, and after prices of Middle Eastern grades surged.
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