China
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Beijing on Friday (Apr 11) increased its tariffs on US imports to 125 per cent, hitting back against President Donald Trump’s decision to hike duties on Chinese goods to 145 per cent. The 125 per cent tariffs, up from 84 per cent, will apply from Saturday, further raising the stakes in a trade war that threatens to upend…
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Feb 1, US: Announces an additional 10 per cent tariff on all imports from China over its alleged role in the fentanyl supply chain. Feb 4, China: Retaliates with a package of tariffs on a range of US products – 10 per cent levies on crude oil, farm equipment, large-displacement vehicles and pickup trucks, and 15 per…
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The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump’s sweeping tariff plan. U.S. stocks retreated on the news. Global markets had previously posted gains on hopes…
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Singapore will form a national task force to support businesses and workers in response to sweeping new US tariffs that could slow economic growth and impact jobs and wages, Prime Minister Lawrence Wong announced on Tuesday (Apr 8). The task force, chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, will…
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The White House’s TikTok deal has devolved into quite a spectacle. Ahead of the Saturday (Apr 5) deadline for the app to divest from its Chinese parent company or face a United States ban, we still don’t have an answer on how it might do this. A flurry of last-minute interest has emerged, with players from Amazon…
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BEIJING: China on Friday (Apr 4) announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The commerce ministry said it would impose additional tariffs of 34 per cent on all US goods from Apr 10. Agriculture trade took another hit as Chinese…
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China has executed four Canadians over the last few months, Canada’s foreign affairs minister has said. Melanie Joly said she and former Canadian prime minister Justin Trudeau asked for clemency in the case of the dual citizens, who were accused of drug-related charges. Beijing’s embassy in Ottawa said the executions were because of drug crimes and noted China does…
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Defense Secretary Pete Hegseth shot back at China on Wednesday after the communist nation rattled sabers by stating it is prepared for “any type of war” with the U.S. following the start of President Donald Trump’s additional tariffs on Chinese imports. “We’re prepared,” Hegseth told Fox News, according to Blaze Media. “Those who long for peace…
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The U.S. dollar may lose its traditional status as a safe haven as markets adjust to President Donald Trump’s tariffs and suspension of military aid to Ukraine, warned George Saravelos, Deutsche Bank’s global head of FX strategy, Bloomberg reports. “We do not write this lightly,” Saravelos said in a client note Tuesday on the new geopolitical…
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President Donald Trump’s blanket 25% tariffs on Mexico and Canada took effect on Tuesday, an extraordinary action aimed at bringing America’s top trading partners to heel. But it threatens to weaken the North American economy, including that of the United States, at a time of significant stress for inflation-weary consumers. Trump also doubled the tariff on all…
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Apple Monday said it plans to help bring online a quarter-million-square-foot factory in Texas by 2026 to build artificial intelligence servers and will add about 20,000 research and development jobs across the U.S. Apple said that it plans to spend $500 billion in the United States over the next four years, though that figure includes…
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China’s military said it warned and drove away three Philippine aircraft that “illegally intruded” into the airspace near the Spratly Islands on Thursday (Feb 20). There was no immediate comment from the Philippine embassy in Beijing on the Chinese military’s statement issued on Friday. China’s Southern Theatre Command accused the Philippine side of attempting to…
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Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday urged efforts to promote the healthy and high-quality development of the country’s private sector. Xi, also Chinese president and chairman of the Central Military Commission, made the remarks when attending a symposium on private enterprises, where he delivered an important…
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President Lai Ching-te pledged on Friday (Feb 14) to talk with the United States about President Donald Trump’s concerns over the chip industry and to invest more in and buy more from the country, while ramping up defence spending. Trump spoke critically about Taiwan on Thursday, saying he aimed to restore US manufacturing of semiconductor chips and…
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Chinese search engine giant Baidu said on Friday (Feb 14) it would make its next-generation artificial intelligence model Ernie open-source from Jun 30, a major shift in strategy as competition heats up. Baidu CEO Robin Li had long advocated for closed-source models as the only viable path for AI development, but the advent of DeepSeek…
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President Donald Trump on Thursday (Feb 13) offered to sell state-of-the-art fighter jets to India as he and Prime Minister Narendra Modi vowed to ramp up trade, rekindling a bond that defies the new US administration’s punitive approach to much of the world. Modi, only the fourth world leader to visit the White House since…
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