US-China relations

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Dow Is Now in the Red for the Year

Worries about a US-China trade war are increasing

(Newser) - The stock market opened on a down note and finished in pretty much the same place, all thanks to investor worries about a possible trade war between the US and China. The Dow lost 287 points to finish at 24,700, enough to wipe out all 2018 gains, reports MarketWatch... More »

Dow Falls 300+ at Open on Trade War Fears

Investors worried about tensions with Beijing

(Newser) - The stock market opened on a sour note Tuesday amid investor fears that a full-blown trade war between the US and China is in the offing. The Dow fell more than 300 points, or 1.2%, in the first minutes of trading, and the S&P 500 and Nasdaq were... More »

Trump Quadruples Down on China Tariff Threat

'China apparently has no intention of changing its unfair practices'

(Newser) - President Trump directed the US Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war. The tariffs, which Trump wants set at a 10% rate, would be the latest round of punitive measures in an escalating... More »

China's ZTE Will Pay Huge Fine to End US Sanctions

'We still retain the power to shut them down again,' say commerce chief Ross

(Newser) - The United States has reached a deal with Chinese telecommunications giant ZTE Corp . that includes a $1 billion fine, says Commerce Secretary Wilbur Ross. The resolution of the ZTE case may clear the way for the US to make progress in its high-stakes trade talks with China, per the AP... More »

Even Trump Allies Fear China Is Out-Negotiating US

But president touts progress and criticizes Democrats for doing 'nothing' for years

(Newser) - President Trump on Monday made the case that his White House is righting years of wrong in regard to China. Beijing "has agreed to buy massive amounts of ADDITIONAL Farm/Agricultural Products - would be one of the best things to happen to our farmers in many years!" he... More »

China Cancels US Orders, Buys Russian Soy

Beijing calls off investigation of US sorghum

(Newser) - The US-China trade dispute is excellent news for farmers—in Russia. Amid uncertainty over future US tariffs, China has canceled several shipments from American soybean producers and tripled the amount it is buying from Russia, Bloomberg reports. According to the Russian government's latest statistics, Russia sold 850,000 metric... More »

Trump Defends Move to Save Chinese Company

ZTE buys parts from US firms, he says

(Newser) - President Trump on Monday defended his e fforts to help a Chinese telecommunications company that violated US sanctions "get back into business, fast," despite criticism from Democrats and Republicans that the company poses a national security risk. "ZTE, the large Chinese phone company, buys a big percentage... More »

China Welcomes Trump's Move to Save Firm

Vice premier is visiting US to cool trade dispute

(Newser) - China said Monday it is sending an envoy to the United States this week for talks aimed at cooling a trade dispute that threatens to upend markets from soy beans to steel, and welcomed comments by President Trump hinting at a possible easing of sanctions on embattled Chinese telecommunications firm... More »

White House to China: Cut the 'Orwellian Nonsense'

Squabble brewing over Beijing's demand that airlines zap Taiwan references on websites

(Newser) - The Trump administration is again throwing down with Beijing, this time after China's aviation bureau sent letters to 36 foreign airlines demanding that references to the sovereignty of Taiwan, Hong Kong, and Macau be zapped from their websites. Those airlines included American carriers, and the White House response on... More »

Chinese Lasers Are Targeting US Pilots, US Officials Say

US has issued a formal complaint over laser use near military base in Djibouti

(Newser) - The Pentagon says the US has issued a formal complaint to China over the use of lasers near the military base in Djibouti that were directed at aircraft and resulted in minor injuries to two American pilots. Pentagon spokeswoman Dana White says the US is confident that Chinese nationals are... More »

Trump: China Will Back Down, Do the 'Right Thing'

'President Xi and I will always be friends, no matter what happens with our dispute on trade'

(Newser) - China will take down its trade barriers "because it is the right thing to do," President Trump tweeted early Sunday, adding that "Taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!" Further, "President Xi and I... More »

Stocks Get Hammered on US-China Threats

Dow plunges 572 points

(Newser) - Another increase in trade tensions caused stocks to fall sharply Friday as the US and China exchanged threats. Stocks have changed direction again and again this week as investors tried to get a sense of whether a trade dispute between the two nations will escalate, an outcome that could have... More »

Trump Threatens China With a New $100B Hit

'This is what a trade war looks like'

(Newser) - "This is what a trade war looks like, and what we have warned against from the start," said National Retail Federation President Matthew Shay after President Trump threatened tariffs on another $100 billion in Chinese goods on Thursday. The White House says Trump has directed trade officials to... More »

Trade War Looms as China Hits Back at Trump Tariffs

Beijing targets 3 biggest US imports

(Newser) - China says it doesn't want a trade war—but it's not going to back down if President Trump starts one. After the Trump administration recommended new 25% tariffs on $50 billion in Chinese goods Tuesday, Beijing hit back within hours with its own proposed tariffs on 106 American... More »

China Slaps New Tariffs on 128 US Products

Beijing says it's payback for Trump tariffs

(Newser) - China has made good on its threat to retaliate for President Trump's new tariffs on steel and aluminum. Beijing says it is slapping new tariffs on 128 kinds of American products, including pork, wine, and numerous kinds of fruit, "in order to safeguard China's interests and balance... More »

China Announces Response to Trump's Tariff Hike

On the hit list: American pork, apples, wine

(Newser) - China announced a list of US goods including pork, apples, and steel pipe it says may be hit with higher import duties in response to President Trump's tariff hike on steel and aluminum. The Commerce Ministry called on Washington to negotiate a settlement as soon as possible but set... More »

China: 'We Don't Want to See a Trade War'

Premier says Beijing won't use US debt as leverage

(Newser) - Premier Li Keqiang said Tuesday that China doesn't want to see a "trade war" with the United States and hopes to reach a negotiated settlement of disputes. Speaking at a nationally televised news conference, Li said rash action would hurt all sides. He made no mention of a... More »

Trump Leaves China and Really Changes His Tone

He talks tough on trade

(Newser) - Hours after leaving Beijing, President Trump on Friday delivered what appeared to be a sharp rebuke to China, declaring that he won't allow the US to be "taken advantage of any more" when it comes to trade. He pledged to always "put America first." Speaking at... More »

China Says US Move Will 'Poison' Relations

Trump orders a preliminary inquiry into Beijing's trade practices

(Newser) - US relations with China took a potentially nasty turn on Monday when President Trump ordered a preliminary inquiry into Beijing's trade practices. Even before Trump formally signed a memorandum to put things in motion, China made it clear it was unhappy. The move will hurt the US economy and... More »

China: US Has Apologized for White House Gaffe

Release said Xi Jinping was president of Taiwan

(Newser) - The United States has apologized for mistakenly describing Chinese President Xi Jinping as the leader of Taiwan, China said Monday. Foreign ministry spokesman Geng Shuang said China asked the United States for an explanation of the mistake, and the US said it was a technical error. Washington apologized and corrected... More »

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