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Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.
The petitioners are urging the US president to impose port fees on Chinese-built vessels to ‘address hundreds of billions of dollars of unfair government support’.
Annual presidential address has Biden appearing vibrant and confident about US, including its partnerships and alliances in the Pacific.
In the lead-up to Premier Li’s maiden work report on Tuesday, he sat down with a delegation representing US business interests in China, and signs point to investor confidence remaining subdued.
American domestic politics should not disrupt ‘stabilising’ bilateral relations, says Qian Jin, Beijing’s number two envoy in New York.
Report accuses China of maintaining a non-market economy that it seeks to use as leverage to distort competitive markets and concentrate supply chains.
Influential business group, while opposed to economic decoupling, is apprehensive about possible overcapacity in Chinese industries linked to the initiative.
From top-level meetings to AI discussions and a shock investment discovery by the House, here are a few highlights from the SCMP’s US-based correspondents in February 2024.
Li Qiang tells delegation led by US Chamber of Commerce head that Washington’s ‘small yard, high fence’ approach to trade with China is not in either side’s interest.
High-profile economist and former State Council researcher warns that potential US capital injections in China, following any Fed rate cuts, might be tumultuous for already-battered markets.
Recent findings from the American Chamber of Commerce in South China found that Chinese firms were much more keen on ramping up investments, but most US firms still plan to as well.
Wang Wentao speaks with Katherine Tai on the sidelines and delivers Beijing’s ‘solemn concerns’ about Taiwan and tariffs, according to a Commerce Ministry statement.
US Chamber of Commerce CEO Suzanne Clark is leading a US delegation to Beijing where they will meet senior Chinese government officials and local business leaders, group said.
Washington’s report on China’s compliance in the World Trade Organization continues accusations since US-China trade war began, and Beijing says US is distracting from its own WTO ‘violations and sabotage’.
Commerce Secretary Gina Raimondo said: ‘The chips that GlobalFoundries will make … are essential chips to our national security.’
The timing of the trips has remained consistent but their purpose has shifted since Qian Qichen started the convention in 1991.
During meeting with US counterpart on the sidelines of the Munich Security Conference, top diplomat Wang warns Washington against ‘de-risking’ and supporting ‘Taiwan independence’ and urges US to stop profiling Chinese citizens in the country.
National Association of Manufacturers President Jay Timmons was responding US Trade Representative Katherine Tai’s claim that tariffs had ‘strategic value’.
Katherine Tai sees ‘strategic value’ in duties while bolstering American middle class and reinvigorating stateside manufacturing and domestic economy.
While the US-China relationship tries to reboot on issues like military dialogue and a drug crackdown, Beijing’s agricultural purchases are also quietly rising.
With the former president seemingly a lock for the Republican nomination, investors are preparing for a possible return to the days of the US-China trade war which steamrollered the yuan during his term in office
World’s second-largest economy also saw its share of American imports decline to 13.9 per cent in 2023, its lowest level in 20 years.
International Trade Commission rejects proposed tariffs of 122.5 per cent on Chinese products, saying US industry was not ‘materially injured’ by the imports.
President Joe Biden is seen trying to avoid ‘undue escalation’ with China, while Donald Trump hails his friendship with President Xi Jinping despite threatening to raise tariffs on Chinese goods if re-elected.
Third meeting of Economic Working Group also covered financial cooperation within the G20 framework, industrial policies and debt issues.
The former US president said he would impose more tariffs - possibly in excess of 60 per cent - on China if he is elected again, but was not planning another trade war.
E-commerce giants Shein and Temu flourish as parcels surpass quarter of a trillion dollars in value annually amid push to tighten de minimis provision.