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Topic

US-China trade wari

Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.

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  • The State Department is urged to clarify its advisory for China and explain who exactly is at risk, since ‘they don’t tend to be students or scholars’
  • Calls to ease US travel warning come as both sides stress people-to-people exchanges, including Xi Jinping and Joe Biden at their meeting in November

As more details emerge related to US Treasury Secretary Janet Yellen’s coming trip to China, signs indicate excess capacity in sectors like electric vehicles will be a major sticking point in trade discussions.

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Washington has asked countries with US business interests to avoid selling sensitive tech-related gear to China, and analysts say it would take China a while to develop its own advanced chips industry.

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China has lodged a grievance against US electric vehicle subsidies at the World Trade Organization, alleging ‘discrimination’ in selective treatment for products depending on the venue of their final assembly.

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Long Yongtu tells the Boao Forum for Asia that ‘globalised economic and trade systems are at stake’, and targeting Chinese companies in Mexico would mean higher prices for Americans.

Before heading to Beijing next month, Yellen will be briefed in Guangzhou on the American business community’s concerns, including overcapacity issues, ahead of the US presidential election.

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The first two months of 2024 were lucrative for the southern tech hub even as some of its biggest private players and industry champions remain under sanctions imposed by Washington.

Customs data for January and February shows how anti-subsidy probes and trade restrictions are taking a toll on new-energy sector, putting EV producers at risk of being squeezed out of the market.

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Mexico recently imposed duties on Chinese steel products, and analysts say the Latin American nation is under pressure from the US, with Washington likely to increase measures aimed at limiting Chinese inflows.

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In a Gallup poll released on Monday, 41 per cent of respondents said China when asked to name one country they considered to be their nation’s ‘greatest enemy today’.

Injecting funds into strategic industries such as alternative energy has given China a massive leg up on the international competition, but domestic experts say cracks may be showing.

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’.

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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.

Challenge exacerbated by loophole allowing shipments under US$800 to bypass import tariffs, most safety inspections and other oversight, witnesses say.

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