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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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  • Weak steel demand at home has encouraged China to offload its surplus stocks by offering competitive rates to Indian buyers, hurting Indian producers
  • US President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including steel and aluminium
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US President Joe Biden also gives his action a political edge, criticising Donald Trump, his predecessor and challenger for re-election, for failing to increase US exports and boost manufacturing.

Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?

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The United States is reportedly planning to raise tariffs on Chinese clean energy goods such as electric vehicles, batteries and solar products, with an announcement expected this week.

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Indonesia’s President-elect Prabowo Subianto’s comments come amid a protracted US-China trade war that’s heightened as the Biden administration is set to quadruple tariffs on Chinese EVs.

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The US will impose new, elevated tariffs that focus on key industries including electric vehicles, batteries and solar cells, according to Bloomberg and The Wall Street Journal.

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China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength to strength.

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With new tariffs being imposed by Mexico on most Chinese imports, observers and analysts disagree on whether stricter measures are being considered – but most say pressure from the US is at play.

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A highly placed scholar is encouraging China to offload more of its holdings in Treasuries as overseas assets become a riskier proposition thanks to erratic geopolitical shifts.

China-US ties are more stable but still at risk if ‘red lines’ are crossed, China’s Foreign Minister Wang Yi said before US Secretary of State Antony Blinken met Chinese President Xi Jinping on Friday.

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