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US-China trade war News

02 Oct 2020

China's envoy to US says relations between nations must be put on right track

The Chinese ambassador to Washington Cui Tiankai said that China`s relations with the United States were facing "severe difficulties" and the two countries should lose no time in putting them on the right track. The world`s two biggest economies have clashed over issues ranging from trade, technological and security rivalry to human rights and the coronavirus, which began in China.

Chinese products

27 Jul 2020

China's criminal enterprise of counterfeit products hit Indian, world economy

In China, you can roam around in a fake luxury car, wearing fake clothes as well as shoes of expensive brands. Not only this, but you can also shop for fake branded products and drink even fake coffee The production of these counterfeit goods in China, however, has hurt the world economy. For example, the US alone suffers an annual economic loss of Rs 14 lakh crore Even canned food items in India have become a victim of Chinese products. It is believed that 22% of this industry is dominated by counterfeit products from China, affecting several big Indian brands

US-China trade war

15 Jan 2020

US, China reset trade relationship with 'momentous' Phase 1 agreement

Beijing and Washington have portrayed their "Phase 1" agreement as a momentous step after months of start-stop talks punctuated by tit-for-tat tariffs that uprooted supply chains and stoked fears of a further slowdown in the global economy.

US manufacturing data

03 Jan 2020

Trade war impact: US factory sector in deepest slump in more than 10 years

The manufacturing sector had been under pressure for much of the second half of 2019, as tit-for-tat tariffs by the United States and China slowed the flow of goods between the world`s two largest economies and contributed to a cooling in the pace of global economic growth.

02 Jan 2020

Tesla says will start delivering China-made Model 3s to public on Jan 7

The Shanghai plant is part of the Silicon Valley automaker`s plans to bolster its presence in the world`s biggest auto market and minimise the impact of the U.S.-China trade war.

US-China trade war

16 Oct 2019

US-China trade war will drag down global growth, warns IMF

Both China and the US have had their growth forecasts lowered.

International Monetary Fund

13 Sep 2019

US-China trade war starting to weigh on global economy: IMF

In its report released in Santiago in July, the IMF lowered its 2019 global growth forecast from 3.3 per cent to 3.2 per cent, citing international tensions and the US-China trade war in particular.

US-China trade war

05 Sep 2019

US-China trade negotiations to resume in October

The US-China trade war, triggered by Trump's aggressive protectionism since coming to power in Jan 2017, reached its peaked in May, with the imposition of a 25 per cent tariff on Chinese imports worth $250 billion, almost half of the total.

29 Aug 2019

Apple's data shows a deepening dependence on China as Trump's tariffs loom

Apple faces levies of 15% imposed by Trump`s administration on major products made in China such as smartwatches and wireless headphones on Sept. 1, with a tariff on its biggest seller, the iPhone, to take effect on Dec. 15.

27 Aug 2019

Yuan weakens to 11-1/2-year low on trade fatigue

Losses were kept in check, however, after the central bank set a daily midpoint that was stronger than traders expected, raising hopes it was again trying to stabilise the currency.

22 Aug 2019

Yuan falls to fresh 11-year lows on trade war worries, despite state bank supp

Traders said sentiment was fragile, with recent news headlines offering little hope of a U.S-China trade deal anytime soon and new U.S. levies on Chinese goods set to go into effect on Sept. 1.

US-China trade war

19 Aug 2019

Donald Trump defends China policy, says 'US economy is world's best'

US President Donald Trump alluded directly to his administration's policy toward the Asian giant, saying "We are doing very well with China, and talking!"

06 Aug 2019

China's Yuan steadies but stocks plunge as trade tensions grow

The currency has slumped 2.3% over the past three days and broken past the symbolic 7-per-dollar level, pounding stocks and pushing bonds higher as investors feared the yuan`s value has become a new front in the U.S.-China trade war.

06 Aug 2019

Wall Street sinks as yuan slide inflames US-China trade dispute

The yuan weakened past the key seven-per-dollar level to its lowest level in 11 years, after the People`s Bank of China, with the blessing of policymakers in Beijing, set its daily midpoint at the weakest level in eight months.

05 Aug 2019

China lets yuan break key seven level for 1st time in decade as trade war fear

The sharp 1.4% drop in the yuan comes days after US President Donald Trump stunned financial markets by vowing to impose 10% tariffs on the remaining $300 billion of Chinese imports from September 1.

15 Jul 2019

Huawei to lay off hundreds of workers in US

Huawei is planning to lay off workers at a research facility called Futurewei Technologies that employs 850 people in research labs including in Texas, California and Washington state.

15 May 2019

No easy options for China as trade war, US pressure bite

China said this week it would impose higher tariffs on most US imports on a revised $60 billion target list.

06 Feb 2019

Don't blame China for taking our advantage, blame our leaders: Donald Trump

In his State of the Union address, Donald Trump claimed that he had managed to put an end to China stealing American jobs and wealth.

24 Jan 2019

China eagerly wants to make trade deal with US: Trump

In December last year, Trump and Chinese President Xi Jinping at a meeting in Argentina agreed to give a pause to the trade war and reach an agreement before March 1.

21 Jan 2019

China's economy slumps to 28 year low to 6.6% in 2018

In the three months to December, the economy grew 6.4% from a year earlier, down from 6.5 percent in the previous quarter.

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