In the tariff war between China and the United States, a lot of chatter in the Pravda Media is about Xi Jinping’s defiance, his outreach to European countries and other less important but collectively significant developing countries, and his retaliatory moves against America. They make it sound like China has a lot of cards to...
Why the stand-off over tariffs could escalate into more than just a trade war. Read full article at source...
Getty Images Neodymium is used to make the powerful magnets used in loudspeakers and computer hard drives As the trade war between China and the US escalates, attention has been focused on the increasingly high levels of tit-for-tat tariffs the two countries are imposing on one another. But slapping reciprocal tariffs on Washington is not...
Viral TikTok videos from Chinese manufacturers claim that luxury brands are making their products in China. This comes as both the US and China have raised tariffs on each other’s imported goods. BBC Verify’s Jake Horton looks into the truth behind the claims, and what we know about how luxury goods are made. Produced by...
Suranjana Tewari Asia Business Reporter Getty Images Li Chenggang is a former World Trade Organisation and UN representative China has unexpectedly appointed a new trade envoy, as officials said the US’ practice of “tariff barriers and trade bullying” is having a serious impact on the global economic order. Li Chenggang, a former assistant commerce minister...
Microchip maker Nvidia said it would be hit with $5.5bn (£4.2bn) in costs after the US government tightened export rules to China. The chip manufacturing giant, which has been at the heart of the artificial intelligence (AI) boom, will require licences to export its H20 AI chip to China, which has been one of its...
A range of stories appear on Wednesday’s front pages – the Daily Telegraph opts to lead with a report that the prime minister is nearing a new trade partnership with the European Union which could “put a trade deal with the White House at risk”. Catching the eye on the front is a grey-haired Johnny...
Companies have been sharing their concerns about the impact of US tariffs at the Canton Fair in Guangzhou, the world’s longest running import-export fair. “We’ve been hearing from several Chinese companies who’ve told us that their products are stuck in ports here, waiting to go to the United States. The tariffs are simply too high...
With a name like “rare earths” you would think that the metals in this category would be, you know, rare. They aren’t, though. They are actually pretty abundant and are even more so, given that we don’t use them in great quantity compared to other metals like copper, iron, or tin. What they are is...
Ben Chu & Lucy Gilder BBC Verify Reuters The fate of the Scunthorpe steel works has shone a fresh spotlight on Chinese investment in the UK economy with critics raising questions over potential security risks. The British Steel plant had been owned by China’s Jingye Steel. But the UK government has now taken control of...
Watch: Is the US heading into a recession? Three warning signs to watch Chinese officials are calling on US President Donald Trump to “completely cancel” his so-callled reciprocal tariffs, as a trade war between the world’s two biggest economies grinds on. This week, Trump announced a 90-day pause for a host of global tariffs he...
Lib Dem Wera Hobhouse is in the studio. Read full article at source...
Don’t rush to the store to buy that new iPhone just yet. After a week of volatility in the markets over Donald Trump’s tariffs, investors mainly returned to normal by the end of the week, ending on a positive upswing on Friday. The one exception was among tech stocks such as Apple, where tariffs would...
On Wednesday, President Donald Trump abruptly announced a 90-day pause on most of his planned country-specific “reciprocal” tariffs — with the notable exception of the People’s Republic of China. In so strikingly singling out China as the focus of America’s economic and geopolitical ire, Trump was not merely clarifying that the...
Hundreds of flights have been cancelled and train lines were suspended as gales hit Beijing and northern China on Saturday. By 11:30 local time (03:30 GMT) on Saturday, 838 flights had been cancelled at the capital’s two major airports, according to the Reuters news agency. Wind gusts of up to 93mph (150 kph) – the...