Trade war
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The Treasury Department on Friday fleshed out a proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing. The proposed rule stems from President Joe Biden’s August 2023 executive order regarding the access that “countries of concern” have to American dollars that fund advanced technologies, which the U.S.…
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The Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia’s Kaspersky Lab in the United States, citing the firm’s large U.S. customers, including critical infrastructure providers and state and local governments. Moscow’s influence over the company was found to pose a significant risk, Commerce Secretary Gina Raimondo said…
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The United States’ new protectionist stance in the international trade will only raise prices, limit consumer choices and risk growth, said an opinion piece carried by The New York Times Tuesday. The U.S. tariffs on Chinese electric vehicles and other products are mainly aimed at pleasing voters rather than economic considerations, wrote Steven Rattner, who…
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With a claimed purpose of enhancing America’s economic future and national security, Washington has launched a fresh round of tariff war against Chinese products, which industry insiders and experts say will actually cripple U.S. economic resilience and could even put American lives at risk. ONCE ON SHORE, PRAY NO MORE Of more than a dozen…
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The technological war waged by the United States against China has the potential to backfire, supercharging China’s creation of an independent computer chip industry that would directly compete with American manufacturers. U.S. President Joe Biden’s administration has employed increasingly restrictive sanctions to prevent American and allied chip manufacturers from selling their most advanced products to…
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China has decided to add two United States defense companies – Lockheed Martin Corp and Raytheon Missiles & Defense – to its Unreliable Entity List in response to their involvement in arms sales to Taiwan island, the Ministry of Commerce said on Thursday. This move is aimed at safeguarding China’s national sovereignty, security, and development…
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The US government’s practice of interfering in enterprises’ business decision-making by administrative means undermines market rules and international trade order, harms the interests of enterprises and investors, and is not conducive to the interests of China, the United States or the whole world, said Shu Jueting, spokeswoman of the Ministry of Commerce, on Thursday at…
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The U.S. Federal Communications Commission (FCC) is preparing to ban imports of new telecommunications equipment from China’s Huawei Technologies and ZTE, according to media reports. Last week, FCC Chairwoman Jessica Rosenworcel circulated the proposed ban to the other three commissioners for final approval, according to media reports. Under the ban, the Chinese companies cannot sell…
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The United States is no longer seeking to make China reform its ‘non-market economy.’ While promising a new approach to economic relations with China, Trade Representative Katherine Tai stressed that the U.S. will take “all steps necessary” to protect its interests. Tai, who was appointed by President Joe Biden in April, added that she will…
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As tensions between Australia and China rise, Beijing is expected to ban imports of Australian wheat, the South China Morning Post (SCMP) has reported. From Friday, barley, sugar, red wine, timber, coal, lobster, copper ore and copper concentrates from Australia, are expected to be barred from China even if the goods have been paid for…
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India and the U.S. held a “productive” and “successful” third round of 22 dialogue in New Delhi, the Indian capital, signing the foundational Basic Exchange and Cooperation Agreement (BECA) and expanding their defence cooperation as visiting Secretary of State Mike Pompeo said that the United States will stand with India as it confronts threats to…
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Chinese Foreign Ministry spokesperson Wang Wenbin said Friday the diplomats of the U.S. consulate general in Chengdu interfered in China’s internal affairs and engaged in activities that were not in line with their diplomatic identities. Wang urged the U.S. to withdraw its decision to close China’s consulate general in Houston and make efforts to bring…
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Chinese Foreign Ministry spokesperson Wang Wenbin said Friday the diplomats of the U.S. consulate general in Chengdu interfered in China’s internal affairs and engaged in activities that were not in line with their diplomatic identities. Wang said the Chinese side has lodged representations with the U.S. many times. He urged the U.S. to withdraw its…
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China strongly condemns the U.S. for asking China to close its Consulate General in Houston, Texas, urging it to recall its wrong decision or there will be countermeasures, said the Chinese Foreign Ministry on Wednesday. The U.S. abruptly asked China to close its Consulate General in Houston in 72 hours starting July 21. The move,…
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Under President Xi Jinping, China has looked to take up a role as the leading power in the world. While Beijing has begun its recovery from the coronavirus pandemic, Europe has been crippled. With the EU failing to quickly support member states from the coronavirus pandemic, China has used a “divide and rule” approach to gain influence on the…
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