Tag Archives: China

ABC News reports: The latest round of tariffs on products from China proposed by President Donald Trump could double the price of “Make America Great Again” hats inspired by his 2016 campaign slogan, according to a merchandiser who imports them. The new tariffs announced Thursday would hit $200 billion worth of Chinese imports, especially consumer goods, including the popular hats …

Bloomberg reports: President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter. The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after …

Reuters reports: It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in. Tracking the journey of the vessel, Peak Pegasus, as it motored toward the northern Chinese port of …

CNN reports: China on Friday accused the United States of starting “the biggest trade war in economic history” as the two sides imposed steep new tariffs on tens of billions of dollars of each other’s exports. The Trump administration’s 25% tariffs affect more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts. They …

CBNC reports: Stocks fell sharply on Tuesday after President Donald Trump’s latest threat to China increased fears of an impending trade war between the world’s largest economies. The Dow Jones industrial average fell 324 points at the open, with Boeing and Caterpillar as the worst-performing stocks in the index. The 30-stock index also erased all of its gains for the …

The Associated Press reports: China’s government has denounced President Donald Trump’s threat of tariffs on $200 billion of Chinese goods as blackmail and warned it would respond with “strong countermeasures.” The Commerce Ministry on Tuesday gave no details but said Beijing is ready to “defend the interests of the Chinese people and enterprises.” Trump ordered the U.S. Trade Representative to …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …