News
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Trump’s Trade War Against China Is Officially Underway
WASHINGTON — A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products, a significant escalation of a fight that could hurt companies and consumers in both the United States and China. The penalties, which went into effect…
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US started biggest trade war in history, China forced to retaliate
China’s commerce ministry says the country has no choice but to fight back after the US “launched the largest trade war in economic history,” as Washington’s 25 percent tariffs on various Chinese imports go into effect. “On July 6, the US began to impose 25 percent tariffs on $34 billion worth of Chinese imports. The US has breached WTO trade…
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Gun violence & expensive healthcare: China warns tourists about perils of traveling to US
Chinese tourists traveling to the US should be ever vigilant as gun violence and robberies are rampant, healthcare is expensive and natural disasters can occur at any moment, China’s Washington embassy has warned. Shootings, robberies and theft are commonplace in US cities as law and order “is not good” there, the embassy cautioned in newly released travel advice. Diplomats there…
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China will counterpunch US with $34 billion in tariffs – report
Major Chinese banks ditching US dollar to prop up domestic currency “Our measures are equal and being equal means that if the US starts on July 6, we start on July 6,” a source in Beijing told Reuters. “The implementation time for all policies starts at midnight.” On June 15, the Trump administration said it would introduce additional 25-percent duties…
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China warns U.S. ‘opening fire’ on world with tariff threats
The Trump administration’s tariffs on $34 billion of Chinese imports are due to go into effect at 12.01 am eastern time on Friday (0401 GMT Friday), which is just after midday on Friday Beijing time. U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of $450 billion in Chinese goods…
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Ambassador Kim assures US following developments in South China Sea
UNITED STATES Ambassador to the Philippine Sung Y. Kim said the visit of three US ships to the Philippines are “an important signal” of the US following developments concerning the disputed South China Sea. Mr. Kim was responding to recent statements by President Rodrigo R. Duterte that the US has not helped the Philippines enough in dealing with the South…
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3 U.S. carrier visits to Philippines show America cares – envoy
The carrier visits show ‘we care about developments in the South China Sea,’ says US Ambassador Sung Kim as America celebrates its 242nd Independence Day MANILA, Philippines – The 3 visits of US aircraft carriers to the Philippines this year show that America cares about the disputed South China Sea, said US Ambassador to the Philippines Sung Kim as America…
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Japan will deploy a helicopter carrier to the South China Sea and Indian Ocean. How will Beijing respond?
Japan’s growing visibility in those waters reflects concern it shares with the United States over China’s military presence in a region through which trade routes pass that are vital to the Japanese and US economies Japan will send a large helicopter carrier to the South China Sea and Indian Ocean for a second straight year as it looks to bolster…
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Russia to build new nuclear power units in China
Moscow and Beijing may sign agreements to build two more nuclear power units in China, according to Russia’s state nuclear power corporation Rosatom. “We’ve signed new intergovernmental accords with our Chinese partners for construction of the sixth and seventh Tianwan units and on provision of a new site for us,” said Rosatom CEO Alexey Likhachev at the meeting with Prime…
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Exclusive: China presses Europe for anti-U.S. alliance on trade
BRUSSELS/BERLIN (Reuters) – China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said. In meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Vice Premier Liu He and the Chinese government’s top diplomat, State Councillor Wang…
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Malaysia reiterates neutral stand on South China Sea
SUNGAI DUA: Malaysia’s stand in maintaining South China Sea’s status as a free and safe zone for all the countries in the region will be personally made known to China. Defence Minister Mohamad Sabu said Prime Minister Tun Dr Mahathir Mohamad is expected to visit China soon. He said he had personally conveyed Malaysia’s stand to US Secretary of Defence…
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Facebook removes Paracel, Spratly Islands from China’s map at Vietnam’s request
Social network giant Facebook has complied with a request by the Vietnamese government regarding a wrongful depiction of its sovereignty. As of Monday afternoon, a map used for Facebook’s advertising tool was found to have completely removed Paracel (Hoang Sa) and Spratly (Truong Sa) Islands in the South China Sea, which Vietnam calls the East Sea. Previously, the map wrongfully…