President Joe Biden and presumptive GOP nominee Donald Trump are now working to one-up each other with various tariff proposals despite both political parties enthusiastically backing free trade just a few years ago. The latest came on Wednesday, when Biden proposed tripling the import tariff on Chinese steel and aluminum, subject to an investigation by […]
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
GUANGZHOU, China, April 17 (Reuters) – China and Europe face a “slow motion train accident” as a rising tide of protectionism threatens to become a full trade war, the head of a European business lobby group
By W.G. Dunlop US Defense Secretary Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers’ defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China’s growing influence […]
‘Bidenomics’ and Xi’s common prosperity share strikingly similar beliefs but because both economies are trade-linked and seek tech advancement, conflict becomes inevitable.
China has drastically cut its direct shipments of equipment to Russia, including machinery, components, and electrical gear, in response to threats of new sanctions from Western countries, reports the Russian news agency RBC. According to information from Chinese customs, in March this year, China's exports of these categories of goods to Russia plummeted by 15% compared with the same period last year, amounting to $2.9 billion. China's total exports to Russia also declined by 14.2%...
Commerce Secretary Gina Raimondo proudly held up the progress of American industry on semiconductor manufacturing Sunday, declaring that the U.S. has “out-innovated” China as the two nations fight to advance their domestic technology manufacturing. Semiconductor manufacturing has been a major priority of President Biden’s domestic policy, with Raimondo at the head. Biden has repeatedly held
Former president’s comments are being described as a shift in tone days before Republicans vote on a multibillion-dollar aid package. What we know on day 786See all our Ukraine war coverageDonald Trump has said the survival of Ukraine is important to the US, in what Reuters describes as a shift in tone days before Republicans are due to vote on a $61bn aid package in the US House of Representatives. “As everyone agrees, Ukrainian Survival and Strength should be much more important to Europe than...
China produces about half of the world’s steel and sells it for less than half what U.S.-produced steel costs, administration officials said.
US President Joe Biden calls for tripling tariffs on Chinese steel and aluminium, while US Trade Representative office launches investigation into Beijing’s practices in logistics and shipbuilding industries.
Flooding in Dubai has been falsely linked to cloud seeding used to promote rain. Cloud seeding is used all around the world including the US, and Australia. READ MORE:
Beijing on Thursday accused the United States of hypocrisy in response to accusations by President Joe Biden that China is “xenophobic” and “cheating” on trade. “I would like to ask him: are you talking about China or the US itself?” foreign ministry spokesman Lin Jian said, when asked about the comments. In a speech Wednesday […]