Tag Archives: China

Trump Approves Tariffs On $50B In Chinese Goods

Bloomberg reports: President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade with Beijing and triggering losses in the domestic stock market. The Trump administration is preparing to release a refined list of the first batch of Chinese products to be hit with tariffs …

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China “Aggressively” Steps Up Nuclear Weapons Tests

The South China Morning Post reports: China is aggressively developing its next generation of nuclear weapons, conducting an average of five tests a month to simulate nuclear blasts, according to a major Chinese weapons research institute. Its number of simulated tests has in recent years outpaced that of the United States, which conducts them less than once a month on …

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China Grants 13 New Trademarks To Ivanka Trump

The Associated Press reports: Ivanka Trump’s brand continues to win foreign trademarks in China and the Philippines, adding to questions about conflicts of interest at the White House, The Associated Press has found. On Sunday, China granted the First Daughter’s company final approval for its 13th trademark in the last three months, trademark office records show. Over the same period, …

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Chinese Bank Offered Dinner With Trump For $150K

Bloomberg reports: China’s second-largest state-owned bank offered wealthy clients the opportunity to have dinner with the American president for $150,000 a ticket, spurring a complaint from Donald Trump’s re-election campaign to the U.S. Department of Justice. A branch of China Construction Bank Corp. invited high-net-worth clients willing to pay the ticket price to a May 31 dinner in Dallas, according …

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Wilbur Ross Assures China That US Beef Doesn’t Have Mad Cow Disease Because He And Trump Aren’t Crazy

The New York Post reports: Commerce Secretary Wilbur Ross offered up himself and President Trump as prime evidence that there’s no reason to be concerned about the safety of US beef. Ross shot down concerns raised by the Chinese in recent trade talks that American beef was tainted with mad cow disease and hailed Trump’s mental health as proof the …

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Former Obama Ethics Official Tees Off On Chinese Govt Funding Of Trump Project: See You In Court, Mr. Trump

New York Magazine reports: About 72 hours before Trump developed a friendlier attitude toward Beijing, the Chinese government agreed to pump $500 million into an Indonesian theme park that will benefit the Trump Organization — and thus the president himself, since he refused to divest from his company when he took office. The Chinese government just extended a loan to …

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Trump Vows To Aid Chinese Phone Company That Shut Down After US Sanctions Banned Selling Parts To Them

Business Insider reports: President Donald Trump’s crackdown on trade claimed a massive victim this week, as the Chinese tech giant ZTE shut down most of its operations. The Commerce Department recently banned the sale of US-made parts to ZTE, crippling its operations and leading to a shutdown of its factories. In a statement Wednesday, ZTE said that “the major operating …

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China Loses Eurovision Broadcast Rights After Editing Out Ireland’s Entry Over Gay Dancers [VIDEO]

The Guardian reports: The European Broadcasting Union has blocked a Chinese broadcaster from airing the Eurovision song contest after it edited out LGBT elements from an online stream of the semi-finals on Tuesday. Mango TV, a video-streaming site linked to one of China’s most watched channels, Hunan TV, blacked out the performance of Ireland’s Ryan O’Shaugnessy, during which two male …

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CHINA: Weibo Drops Gay Ban After Massive Outcry

Reuters reports: China’s Sina Weibo’s on Monday reversed a decision to remove gay content after outcry among gay Chinese who say the company had smeared homosexuality by lumping it with pornography as it tried to meet government censorship directives. China’s Twitter-equivalent Weibo said on Friday it would remove pornographic, violent or gay videos and cartoons in a three-month campaign, singling …

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CHINA: #IAmGay Hashtag Floods Social Media Giant Weibo After Government Bans “Homosexual Content”

Agence France-Press reports: China’s Sina Weibo said it would remove “homosexual” content from the popular microblogging platform, prompting a storm of online protests Saturday under the hashtag “I am gay”. Weibo said in a statement Friday it had begun a “clean-up campaign” to remove “illegal” content, including “manga and videos with pornographic implications, promoting violence or (related to) homosexuality”. It …

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Ivanka’s Clothing Line Spared From Tariffs

ThinkProgress reports: The steel and aluminum industries in China will soon be slapped with tariffs up to $50 billion by President Donald Trump. On Thursday, after China announced their intentions to retaliate against the United States with $50 billion in tariffs of their own against U.S. goods, Trump warned that his administration would respond with another set of tariffs, this …

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Stocks Tank Once Again Over Trade War Tensions

ABC News reports: Stocks fell sharply Friday as trade tensions between the United States and China heated up. The Dow lost nearly 700 points at one point, a drop of more than 2%, after President Donald Trump threatened to escalate a confrontation with China over trade. The S&P 500 and the Nasdaq each declined more than 2%. The Dow Jones …

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CHINA: Government Bans Online Bible Sales

The New York Times reports: The Chinese government has banned online retailers from selling the Bible, moving in the wake of new rules to control the country’s burgeoning religious scene. The measures to limit Bible sales were announced over the weekend and began taking effect this week. By Thursday, internet searches for the Bible came up empty on leading online …

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China Hits Back With New Tariffs On 100+ US Products

CNBC reports: China announced additional tariffs on 106 U.S. products on Wednesday, in a move likely to heighten global concerns of a tit-for-tat trade war between the world’s biggest economies. The effective start date for the new charges was not announced, though China’s Ministry of Commerce said the tariffs are designed to target up to $50 billion of U.S. products …

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China Retaliates With Tariffs On US Food Imports

The Guardian reports: China has implemented retaliatory tariffs of up to 25% on $3bn in food imports from the US, raising uncertainty over the possibility of a trade war between the two countries. China’s ministry of commerce said it would be “suspending tariff concessions” on 120 US food products. Fresh and dried fruits, almonds, pistachios and wine would be subject …

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Chinese Space Station Burns Up Over South Pacific

The Associated Press reports: China’s defunct Tiangong 1 space station mostly burned up on re-entry into the atmosphere over the central South Pacific on Monday, Chinese space authorities said. The experimental space laboratory re-entered around 8:15 a.m. Beijing time, the China Manned Space Engineering Office said. Launched in 2011, Tiangong 1 was China’s first space station, serving as an experimental …

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Chinese Space Station To Crash This Weekend [VIDEO]

Space.com reports: The falling Chinese space station Tiangong-1 is tumbling in orbit and may crash back to Earth early Easter Sunday (April 1), experts say. Estimates for the crash of Tiangong-1 range sometime between March 31 and April 1, with a focus of 10 a.m. EDT (1400 GMT) on April 1, according to Aerospace Corp., which is tracking the space …

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Stocks Dive Another 424 Points, Down 1360 For Week

The Street reports: Stocks finished lower on Friday, March 23, as Wall Street fought to recover following sharp losses after Donald Trump moved to slap tariffs on up to $60 billion worth of China-made goods and China reciprocated saying it would target imports from the United States. The Dow Jones Industrial Average was down 424 points, or 1.77%. The S&P …

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China Threatens Retaliatory Tariffs On US Goods

CNBC reports: The world’s second-largest economy has responded to President Donald Trump’s controversial trade tariffs. China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning. Beijing will take measures against the 128 U.S. goods in two stages if it cannot reach an agreement with Washington, the …

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Stocks Tumble 724 Points On China Trade War Fears

MarketWatch reports: The Dow Jones Industrial Average finished sharply lower as losses gathered steam Thursday, producing the worst loss in a single-session for the blue-chip gauge since Feb.8. Back then in early February, the Dow DJIA, -2.93% fell 1,033 points, or 4.2%, as inflation fears perked up. Thursday’s downtrend, which was broad based, came as investors fretted about the effect …

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