U.S. President Donald Trump declares self ‘chosen one’ to tackle trade issues with China

U.S. President Donald Trump on Wednesday said he was “the chosen one” to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020. Trump told reporters his life would be easier if he had not mounted a trade war with China. But he… Read More U.S. President Donald Trump declares self ‘chosen one’ to tackle trade issues with China

U.S. set to extend Huawei license to buy goods from American companies

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said. The ‘temporary general license’ will be extended for Huawei for 90 days, the sources said. Commerce… Read More U.S. set to extend Huawei license to buy goods from American companies

U.S. to issue licenses for sale of goods to Huawei provided no threat to national security

U.S. government will issue licenses to companies seeking to sell American-made goods to China’s Huawei where there is no threat to national security, Commerce Secretary Wilbur Ross said on Tuesday, but left key questions unanswered about what products will pass muster. Seeking to revive trade talks with China, U.S. President Donald Trump announced late last… Read More U.S. to issue licenses for sale of goods to Huawei provided no threat to national security

Two U.S. naval ships sail through Taiwan Strait

The U.S. military said it sent two Navy ships through the Taiwan Strait on Wednesday, its latest transit through the sensitive waterway, angering China at a time of tense relations between the world’s two biggest economies. Taiwan is one of a growing number of flashpoints in the U.S.-China relationship, which also include a bitter trade… Read More Two U.S. naval ships sail through Taiwan Strait

U.S. blacklists Chinese telecoms company Huawei

The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its ‘Entity List’,… Read More U.S. blacklists Chinese telecoms company Huawei

U.S., China agree to 90-day ceasefire in trade war 

China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on January 1. Trump will leave tariffs on $200 billion worth of Chinese imports at 10 percent at the beginning… Read More U.S., China agree to 90-day ceasefire in trade war 

U.S. Vice President Mike Pence vows no backing down on trade war with China

The United States will not back down from its trade dispute with China, and might even double its tariffs, unless Beijing bows to U.S. demands, Vice President Mike Pence said on Saturday. In a bluntly worded speech at an Asia Pacific Economic Co-operation (APEC) summit in Papua New Guinea, Pence threw down the gauntlet to… Read More U.S. Vice President Mike Pence vows no backing down on trade war with China