9 h. ago Trump hits Mexico and EU with 30% tariffs, escalating trade war

US President Donald Trump said on Saturday that his administration would levy a 30 per cent tariff on goods from Mexico and the 27-nation European Union beginning August 1, targeting two of Washington’s top trading partners after weeks spent trying to forge a more comprehensive deal. Trump’s latest set of take-it-or-leave-it letters, addressed to Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen, could affect more than US$1 trillion in annual imports from...

Events

4 d. ago Vietnam, China agree to boost trade ties as Trump tariffs hit

Vietnam, China agree to boost trade ties as Trump tariffs hit  Reuters

Politics

2 w. ago Ottawa Orders Beijing Surveillance Giant Hikvision Out as Trump Escalates Trade Clash and Security Demands

Ottawa Orders Beijing Surveillance Giant Hikvision Out as Trump Escalates Trade Clash and Security Demands  The Bureau | Sam Cooper

Politics

2 w. ago China to pivot $50 billion chip fund to fighting U.S. squeeze as trade war escalates — country to back local companies and projects to overcome export controls

China to pivot $50 billion chip fund to fighting U.S. squeeze as trade war escalates — country to back local companies and projects to overcome export controls  Tom's Hardware

Economics

2 w. ago Trump Tariffs, China, Iran, Inflation Have Hit Markets. The Second Half Could Be Even Tougher and 5 Other Things to Know Today.

Trump Tariffs, China, Iran, Inflation Have Hit Markets. The Second Half Could Be Even Tougher and 5 Other Things to Know Today.  Barron's

Economics

2 w. ago Xi urges Singapore to join China on ‘right side of history’ as PM Wong visits

Chinese President Xi Jinping has called for Singapore and China to work together to “stand on the right side of history” and push for an equal multipolar world, the latest effort by Beijing to present itself as a stabilising force amid escalating geopolitical and trade tensions. Xi made the remarks on Tuesday morning as he met with Singaporean Prime Minister Lawrence Wong, who is on a five-day official visit to China. Xi said the two countries – which are marking 35 years of diplomatic relations...

Politics

2 w. ago Have Trump’s Iran strikes given China a strategic advantage?

The US’ direct engagement in the Israel-Iran conflict over the weekend could intensify its drive to secure critical resources – particularly rare earth minerals – a development that could strengthen China’s position in its ongoing geopolitical and economic rivalry with Washington, analysts said. A potential escalatory spiral in the Middle East could push forward trade negotiations between the world’s two largest economies, said Xu Weijun, an assistant research fellow at South China University of...

Politics

2 w. ago China Rips Trump’s Iran Attack in First Comment Since US Hit

China Rips Trump’s Iran Attack in First Comment Since US Hit  Bloomberg

Events

2 w. ago China Condemns Trump’s Iran Attack in First Comment Since US Hit

China Condemns Trump’s Iran Attack in First Comment Since US Hit  Bloomberg

Events

3 w. ago How does Trump’s lack of trade deals strengthen Beijing’s hand?

The United States failed this week to reach a tariff deal with Japan, a key Pacific Rim ally, and has threatened to notify multiple countries of new duty rates on imports after talks with only one, the United Kingdom, have shown any results. Those developments, which made the US look weak in the short term, should prompt China to take a harder line with Washington on reaching a deal, analysts said. China, the world’s second-largest economy, was hit especially hard by US President Donald Trump on...

Politics

3 w. ago Why Chinese firms building foreign factories are no longer focused on US market

This year’s escalation of the US-China trade war has led many Chinese companies to rethink their overseas expansion strategies, with accessing the American market no longer their top priority when considering building factories in foreign countries, industry insiders said. There had been a “drastic downshift” in inquiries from Chinese companies seeking land to rent or purchase in Mexico, one of their hottest overseas investment destinations in the past, said Jack Lee, an industrial property...

Economics