Tag Archives: China

Treasury Secretary Scott Bessent on Wednesday called for major overhauls to the missions of the International Monetary Fund and the World Bank but said that the United States remained committed to maintaining its leadership role at the global economic institutions. The comments, made at a speech on the sidelines of the spring meetings of the I.M.F. and the World Bank, …

China on Wednesday unexpectedly appointed a new trade negotiator key in any talks to resolve the escalating tariff war with the US, replacing veteran trade tsar Wang Shouwen with its envoy to the World Trade Organisation. Li Chenggang, 58, a former assistant commerce minister during the first administration of US President Donald Trump, takes over from Wang, 59, the human …

Fast-fashion giants like Shein and Temu have been doing booming business in the United States in recent years, in part because of a tariff exemption that’s helped to keep prices low on packages shipped from China. Now, President Trump has ordered the loophole closed as part of new tariffs, starting with packages from China and Hong Kong. It could have …

President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten America’s national security, an effort …

President Trump came into office sounding as if he were eager to deal with President Xi Jinping of China on the range of issues dividing the world’s two biggest superpowers. He and his aides signaled that they wanted to resolve trade disputes and lower the temperature on Taiwan, curb fentanyl production and get to a deal on TikTok. Perhaps, over …

President Trump is expected to announce further tariffs this week, probably including levies on semiconductors, as he moves forward with a trade investigation related to national security. The move would raise the cost of importing chips, which are a vital component in electronics, cars, toys and other goods. The United States is heavily dependent on semiconductors from Taiwan and elsewhere …

China’s capital hunkered down on Saturday as rare typhoon-like gales swept northern regions, forcing the closure of historic sites and disrupting travel while bringing late snowfalls and hailstone showers in some areas. Windows shook and trees crashed onto footpaths and cars, rocked by gusts of wind driven by a cold vortex from neighbouring Mongolia that sent temperatures plunging. The winds, …

President Trump’s rapidly escalating trade war with China has resulted in eye-watering tariffs on products exchanged between the countries and scrambled prospects for many global businesses that depend on the trade. And there is no end in sight. The Trump administration has been waiting for the Chinese leader, Xi Jinping, to call Mr. Trump personally, but Beijing appears wary of …

President Trump’s latest tariffs are about to become an unavoidable and expensive reality for American businesses and for people who rely on foreign goods. Shoppers buying clothes from retailers in China might soon pay more than twice as much, now that a special exemption for lower value imports is disappearing. And companies involved in international trade must now make even …

China’s President Xi Jinping urged the European Union on Friday to join hands with Beijing in resisting “unilateral bullying”, after US President Donald Trump’s tariff onslaught sparked mayhem on world markets. After equities crumpled and bond markets starting flashing red, Trump this week blinked first in his push to remodel the post-war system of global commerce and froze many tariffs …