4 d. ago Trump confirms Xi meeting, retreats on 100% tariffs: ‘not sustainable’

In a turnaround from the tough stance he took a week ago, US President Donald Trump said Friday that he planned to meet with Chinese President Xi Jinping in South Korea in two weeks and suggested that imposing an additional 100 per cent tariff on all Chinese goods appeared unworkable. But he also blamed China for the latest stand-off in trade talks. The mercurial president called into question his planned sit-down with Xi seven days ago and threatened the draconian tariff increase in addition to...

Politics

7 d. ago ‘Hong Kong opportunities outweigh US tariff weaponisation,’ John Lee says

Hong Kong’s leader has expressed confidence in the city’s ability to maintain its economic growth and overcome geopolitical challenges through multiple measures, despite the US “tariff weaponisation”. Chief Executive John Lee Ka-chiu made his positive remarks on Tuesday, days after US President Donald Trump threatened, in a social media post, a 100 per cent tariff increase on Chinese goods and export controls on all “critical software” starting from November 1. Lee said that his administration...

Events

9 d. ago US trade envoy Jamieson Greer calls China’s new rare earths curb a ‘power grab’

The outlook for US-China relations appeared to hit another snag on Sunday when the US Trade Representative Jamieson Greer said that China had rebuffed an attempt to communicate, even as US President Donald Trump appeared to downplay the ongoing trade differences. This follows Trump’s threat on Friday to impose an extra 100 per cent tariff on all Chinese goods starting November 1 and to curb the export of “any and all critical software”, a doubling down on his China trade policy a day after...

Politics

1 week ago Trump to slap new 100 per cent tariff on Chinese goods, along with additional tech controls

In a major escalation of trade tensions between the world’s two largest economies, US President Donald Trump on Friday announced an additional tariff of 100 per cent on all Chinese imports, on top of levies already in place. “Starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a tariff of 100 per cent on China, over and above any tariff that they are currently paying”, he said in a social media post. “Also...

Politics

1 week ago Trump keeps door open to Xi meeting, even after new 100% China tariff bomb

US President Donald Trump on Friday signalled he may still meet Chinese counterpart Xi Jinping later this month on the sidelines of a multilateral forum in South Korea, even as he announced an additional tariff of 100 per cent on all Chinese imports, on top of levies already in place – doubling down on his tough trade stance. “I haven’t cancelled, but I don’t know that we’re going to have it, but I’m going to be there regardless. So I would assume we might have it,” Trump told reporters in the...

Politics

3 w. ago Trump’s tariffs on imported drugs ‘not a big concern’ for China’s pharma firms

US President Donald Trump’s latest round of tariffs targeting imported branded pharmaceutical products would “barely dent” the operations of major Chinese drug makers, according to analysts. The new 100 per cent tariff on any branded or patented pharmaceutical product would apply to all imports, according to Trump’s post on his social media platform Truth Social on Thursday. Exemptions, however, would cover firms that have already broken ground on building a manufacturing plant in the US. Drugs...

Politics