2 h. ago Brics virtual rally falters as members appear leery of exacerbating US trade war

Members of the Brics nations logged into a virtual summit on Monday, convened by Brazilian President Luiz Inacio Lula da Silva, intending to take a defiant stand against US President Donald Trump’s escalating trade war. Instead, the quickly assembled outing became an exercise in caution, as the bloc’s heavyweights, Brazil and India, sought to steer clear of further enraging the “America-first” leader. Indian Prime Minister Narendra Modi, a founding Brics leader, skipped the meeting, sending...

Events

10 h. ago Mars discovery, NBA star writes for Chinese state media: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s export growth slows in August under shadow of trade war uncertainty China’s exports continued to rise in August, though at a slower pace, with the near-term outlook clouded as global markets watch to see whether the world’s two largest economies can reach a lasting and durable trade deal. 2. Oxford’s Ian Goldin on the biggest challenges for China’s...

Politics

21 h. ago China’s export growth slows in August under shadow of trade war uncertainty

China’s exports continued to rise in August, though at a slower pace, as global markets watch to see whether the world’s two largest economies can reach a lasting and durable trade deal. Outbound shipments rose by 4.4 per cent year on year to US$321.8 billion last month, according to customs data released on Monday. The figure was lower than the 7.2 per cent recorded in July and fell short of the 5.4 per cent forecasted by Chinese financial data provider Wind. Imports in August, meanwhile, rose...

Events

58 h. ago Will America’s extended trade truce with China be a boon for farmers in the US Midwest?

There is a major divide in the American heartland. US farm states are facing a drop in exports of key commodities as Beijing turns to alternative suppliers, primarily in Brazil, as a result of Donald Trump’s trade war. Some farmers, however, want to give the US president the benefit of the doubt that his go-slow approach to Beijing will eventually bear fruit in the form of more orders from China as well as other trading partners. Others fear that no combination of new markets will replace the...

Politics

7 d. ago Trump plans a hefty tax on imported drugs, risking higher prices and shortages

US President Donald Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he has largely spared in his trade war. For decades, in fact, imported medicine has mostly been allowed to enter the United States duty free. That is starting to change. US and European leaders recently detailed a trade deal that includes a 15 per cent tariff rate on some European goods brought into the United States, including pharmaceuticals. Trump is threatening duties of 200 per...

Events

7 d. ago Trump plans hefty tax on imported drugs, risking higher US prices and shortages

US President Donald Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he has largely spared in his trade war. For decades, in fact, imported medicine has mostly been allowed to enter the United States duty free. That is starting to change. US and European leaders recently detailed a trade deal that includes a 15 per cent tariff rate on some European goods brought into the United States, including pharmaceuticals. Trump is threatening duties of 200 per...

Events

7 d. ago Changing Course in a Storm: China’s Economy in the Trade War

Changing Course in a Storm: China’s Economy in the Trade War  China Leadership Monitor

Events

9 d. ago Senior Chinese trade negotiator calls for ‘equal dialogue’ during US visit

China and the US should manage their differences and expand cooperation through “equal dialogue and consultation”, senior Chinese trade negotiator Li Chenggang said during a visit to the United States amid a trade war truce between the two powers. Li wrapped up his three-day visit on Friday after meeting with officials from the US Department of the Treasury, the Department of Commerce and the Office of the US Trade Representative, according to a statement from the Chinese commerce ministry on...

Politics

9 d. ago Trade war: Trump starts with China and then hits many in the world

Trade war: Trump starts with China and then hits many in the world  The Economic Times

Events

1 week ago Trump’s tariffs illegal, US appeal court rules, in blow to trade war strategy

A federal appeal court in Washington has ruled that US President Donald Trump’s global “reciprocal” and fentanyl tariffs against China, Mexico and Canada are illegal, upholding a lower court’s decision to block them. The court decided to keep the tariffs in place until October 14, allowing the Trump administration time to appeal to the US Supreme Court. The verdict deals a major blow to Trump’s “America first” trade strategy. The US Court of Appeals for the Federal Circuit found that the...

Events

1 week ago China welcomes Modi as Trump’s trade war draws rivals into détente

China welcomes Modi as Trump’s trade war draws rivals into détente  The Washington Post

Politics

1 week ago Nvidia is caught in Trump's China trade war, and it could impact the stock market

Nvidia is caught in Trump's China trade war, and it could impact the stock market  Axios

Events

1 week ago Nvidia earnings to provide a glimpse at the effects of the US

Nvidia earnings to provide a glimpse at the effects of the US-China trade war  CNN

Politics

1 week ago The chart that shows how U.S. companies are trying to beat Trump's China trade war

The chart that shows how U.S. companies are trying to beat Trump's China trade war  CNBC

Politics

2 w. ago Trade war deepens decline in China’s economic powerhouse province

Trade war deepens decline in China’s economic powerhouse province  Financial Times

Economics

2 w. ago Hong Kong seeks inclusion in trademark treaty to boost IP economy, global reach

Hong Kong has asked Beijing to include the city in an international trademark treaty as it makes a greater push into the intellectual property (IP) economy and expands into overseas markets amid geopolitical uncertainties, the commerce minister has told the Post. In a wide-ranging interview on Friday, Secretary for Commerce and Economic Development Algernon Yau Ying-wah said challenges in the global economy caused by US-China trade tensions and the war in Ukraine meant that both the Hong Kong...

Politics

2 w. ago China says ‘rampant’ US protectionism threatens agriculture, warns farmers shouldn’t suffer over trade war

China says ‘rampant’ US protectionism threatens agriculture, warns farmers shouldn’t suffer over trade war  New York Post

Events

2 w. ago Why US allies are resisting China’s charm offensive on trade

Geopolitical tremors from Washington’s trade wars against its closest allies – the European Union, Japan, South Korea, Canada and Australia – might have convinced Beijing of an impending realignment. China has seized the moment with a charm offensive, urging pragmatic cooperation amid tariff spats. Beijing rightly condemns Washington for shredding the very World Trade Organization rules and post-war liberal order it crafted, calling for collective action against US coercion. Yet despite the...

Politics

2 w. ago China’s trade charm offensive falls on deaf ears among US security allies

Geopolitical tremors from Washington’s trade wars against its closest allies – the European Union, Japan, South Korea, Canada and Australia – might have convinced Beijing of an impending realignment. China has seized the moment with a charm offensive, urging pragmatic cooperation amid tariff spats. Beijing rightly condemns Washington for shredding the very World Trade Organization rules and post-war liberal order it crafted, calling for collective action against US coercion. Yet despite the...

Events

2 w. ago China says 'rampant' US protectionism threatens agricultural ties

China says 'rampant' US protectionism threatens agricultural ties  Reuters

Events