Tag: china

Trump Pulls Trigger on Trade War with China Tonight [VIDEO]

President Donald Trump is preparing to slap tariffs on Chinese goods early Friday, the first shot in a trade war between the world’s two biggest economies.  Tariffs on $34 billion of Chinese goods are scheduled to take effect at 12:01 a.m. in Washington.  Beijing has said retaliatory tariffs on U.S. goods ranging from soybeans to…

Trump Starts Trade War for the Hell of It

The Trump White House said it would move ahead with imposing tariffs on $50 billion of Chinese products, after previously declaring that the trade war was “on hold.” The U.S. tariffs will fall on 1,102 categories of Chinese goods, focusing on industrial sectors like aerospace, automobiles, industrial machinery, information technology and robotics, the administration said.…

“Deal-maker” Trump Gets Rolled by China in Trade Talks

China looks as if it’s winning President Trump’s trade skirmish — so far only vaguely agreeing to “substantially” reduce the United States’ $375 billion trade deficit  and that the details would be worked out later and didn’t agree to a specific amount. The real battle against the Chinese was supposed to be over intellectual property…

Trump Trade Positions Cause Whiplash

President Trump threatened to impose tariffs on as much as $150 billion worth of Chinese product, working up to what seemed to be a full-scale trade war with China.  the nation’s greatest economic adversary. Now, suddenly, Mr. Trump seems ready to make peace by lifting sanctions on a major Chinese telecommunications company, ZTE, which has…

China Hits Back on Tariffs: Stops Buying U.S. Soybeans

It appears that China has skipped past a proposed high tariff on soybeans. According to Bunge, Ltd, the world’s largest oilseed processor, China is no longer buying soybeans from U.S. producers at all and has been meeting Chinese demand with supplies from mostly South America. Expect more news on this front as China is also targeting…

Trump Says He Doesn’t ‘Blame’ China For ‘Unfair’ Trade Relationship

President Donald Trump has vowed to change “one-sided and unfair” trade relations with China, but gave Beijing “great credit” for “taking advantage” of the U.S. In comments made during a joint press conference with Chinese President Xi Jinping on Thursday, Trump said current trade relations between the two countries are “not sustainable” and called for…

Trump Calls On China To Increase Pressure On North Korea

President Trump pressed Chinese President Xi Jinping on Sunday to do more to help confront the “growing threat” of North Korea’s nuclear weapons program. The high-stakes phone call came after a tense week in which Beijing expressed anger over the Trump administration’s arms sale to Taiwan, which China considers one of its provinces. Trump also…

Trump: North Korea Showing ‘Great Disrespect’ to China

President Trump on Monday tweeted in outrage that North Korea showed “great disrespect” to China by conducting another ballistic missile test over the weekend. Trump wrote, “North Korea has shown great disrespect for their neighbor, China, by shooting off yet another ballistic missile…but China is trying hard!” Late on Sunday, U.S. Pacific Command said it…

Trump: ‘Major, Major’ Conflict With North Korea Possible

In an interview with Reuters on Thursday, President Trump said “there is a chance that we could end up having a major, major conflict with North Korea,” but he is hopeful that the U.S. can find other ways to work with the country regarding its nuclear and missile programs. “We’d love to solve things diplomatically,…

Factory For Ivanka’s Line Pays $62/Week

A factory in China linked to Ivanka Trump’s clothing line has come under fire for making workers endure nearly 60-hour work weeks for just over $62 a week, The Washington Post reported Tuesday. The findings were revealed in an audit of the factory conducted by the Washington-based Fair Labor Association in October and published Monday.…

U.S. Starts Deploying Controversial Missile Defense System In SK

The U.S. military on Wednesday started moving parts of a controversial missile defense system to a site in South Korea where it will be installed to help protect against threats from North Korea, as tensions rise over Pyongyang’s missile and nuclear weapons programs. Hundreds of local residents protested against the construction of the system, known…

China, Russia Send Ships To North Korea

Chinese and Russian spy vessels have been sent to shadow the group of U.S. aircraft carriers that are heading toward North Korean waters, Japanese media outlets reported Monday. The move comes amid escalating tensions surrounding Pyongyang’s nuclear efforts. President Trump has described the vessels as an “armada” and said additional and more powerful submarines are…

Pence To North Korea: ‘Era Of Strategic Patience Is Over’

U.S. Vice President Mike Pence warned that the “era of strategic patience” with North Korea is over as he kicked off his 10-day Asia tour. Speaking from a joint U.S.-South Korean base near the Demilitarized Zone separating North and South Korea on Monday, Pence said the White House is counting on China to help ease…

Trump Reverses On NATO: “No Longer Obsolete”

On Wednesday, President Trump publicly contradicted several long-stated policy views, bringing his stances more in line with Washington orthodoxy. Meeting with NATO Secretary General Jens Stoltenberg, Trump said of the military alliance: “I said it was obsolete. It’s no longer obsolete.” A week after calling China the “world champion” of currency manipulation, a common refrain…

Tillerson: ‘No Comment’ On North Korea After 6th Missile Launch

U.S. officials said Tuesday that North Korea launched a KN-15 missile into the Sea of Japan. This latest test comes days before Chinese President Xi Jinping will meet with President Donald Trump in Florida. The two are expected to discuss North Korea. In response to the latest launch, Secretary of State Rex Tillerson issued a…

Trump: If Needed, U.S. Will Act Unilaterally On North Korea

President Trump is ready to find a way to deal with the threat of a nuclear North Korea on his own, he told the Financial Times. “If China is not going to solve North Korea, we will,” he said. “That is all I am telling you.” Chinese President Xi Jinping is scheduled to visit the…

China President To Meet Donald Trump In Mar-a-Lago

China’s foreign ministry confirmed Thursday that President Xi Jinping will travel to Florida April 6-7 for his first meeting with President Trump. The leaders of the world’s largest and second-largest economies will meet at Trump’s private club, Mar-a-Lago, where Trump also hosted Japanese Prime Minister Shinzo Abe in February. Unlike Abe, Xi will not stay…

Trump Affirms ‘One China’ Policy In Phone Call With China’s President

President Trump and Chinese President Xi Jinping had a “lengthy” and “very cordial” phone conversation Thursday evening, the White House said in a statement, and “President Trump agreed, at the request of President Xi, to honor our ‘one China’ policy.” Trump had irked Beijing by speaking with Taiwan’s president on the phone soon after his…

Rex Tillerson Trump’s Secretary Of State Faces Senate Grilling

The second day of Senate confirmation hearings started Wednesday morning with President-elect Donald Trump’s nominee for secretary of state, former ExxonMobil executive Rex Tillerson facing heavy questioning, especially due to his ties to Russian President Vladimir Putin. Tillerson has downplayed his relationship with Russia, though, and his prepared remarks claim “Russia today poses a danger,…

Trump Slams China For Seizing Drone, Calls It ‘Unpresidented Act’

In a tweet posted early Saturday morning, President-elect Donald Trump ripped China for its reported seizure of a U.S. Navy unmanned underwater drone in the South China Sea. Trump called it an “unprecedented act”—spelled “unpresidented” in the initial post saved on Politwoops, which the President-elect later deleted and reposted with the correct spelling. Navy Capt.…

Trump Alarms Beijing With Criticism Of ‘One China’ Policy

China on Monday said it had “serious concern” about President-elect Donald Trump’s most recent comments about Taiwan, which China considers a breakaway province. Since 1979, the U.S. has recognized mainland China and maintained only unofficial relations with the island of Taiwan. Trump recently broke with tradition by accepting a congratulatory phone call from Taiwan’s leader,…

Trump Planned Controversial Taiwan Stunt For Weeks

U.S. President-elect Donald Trump’s controversial phone call with Taiwan’s leader was planned weeks in advance, according to a report from The Washington Post. Sources familiar with the matter said Trump’s advisory team had planned the phone as a provocative stunt to portray Trump as a radical change from previous presidents. In a Twitter tirade against…

US And China Announce Ratification Of Paris Climate Deal

The United States and China, which between them account for a third of global greenhouse gas emissions, on Saturday ratified a global climate agreement ahead of the G20 summit in Hangzhou. “We have a saying in America — that you need to put your money where your mouth is,” President Obama told reporters. “And when…

China Finishing Biggest Radio Telescope [VIDEO]

China has put the final piece into position on what will be the world’s biggest radio telescope, which will be used to explore space and seek out extraterrestrial life. The Five Hundred Metre Aperture Spherical Telescope is cut out of the side of a mountain and is the size of 30 football fields. The massive…

Tornado Kills 51 In China’s Jiangsu [VIDEO]

Extreme weather events have killed 51 people in eastern China and injured dozens more, state media say. Official news agency Xinhua reports that a tornado accompanied by torrential rain and hailstorms hit the province of Jiangsu on Thursday afternoon. Homes in Yancheng city were flattened, it adds. CCTV showed overturned vehicles, snapped street light poles…

Obama Lifts US Embargo On Lethal Arms Sales To Vietnam [VIDEO]

President Barack Obama has announced the US is fully lifting its embargo on sales of lethal weapons to Vietnam, its one-time enemy. Speaking during a visit to communist Vietnam and talks with its leaders, Mr Obama said the move removed a “lingering vestige of the Cold War”. The US is trying to bolster its relationship…

China Stocks Tank 7%, Trading Suspended [VIDEO]

Global markets continued a rocky start to 2016 on Thursday when China’s key stock benchmark, the CSI300, nosedived 7.2 percent after just 30 minutes of trading, triggering a halt for the remainder of the day. It was the shortest trading day in the market’s 25-year history, according to The Wall Street Journal, and the second…

Chinese Markets Halt Trading After Shares Plunge

Trading was halted on China’s stock markets Monday after shares plunged 7 percent and triggered a new system in place to limit volatility. The Shanghai Composite Index dropped 6.9 percent while China’s benchmark CSI 300 Index fell 7 percent. The Shenzhen Composite tumbled by more than 8 percent. Trading was suspended earlier in the day…

Smog ‘Red Alert’ Triggered in China by Still Air [VIDEO]

On Tuesday, a blanket of humid air trapping smog brought Beijing’s first pollution “red alert.” Many residents ignored warnings to limit time outdoors, and authorities say the pollution would last several more days. Hundreds of people, even babies, packed Tiananmen Square to watch a daily flag-raising ceremony. China’s state radio said some motorists were ignoring…