Trade Wars

What is the Chip 4 alliance?

The US is wooing Asian tech economies to join a mega semiconductor supply chain, which excludes China.

How the EU's market-access deal with China will affect global competition

Brussels sells the deal as “a success”, but critics say China has got what it wanted from the EU despite Beijing's despicable human rights records.

What did Chinese President Xi Jinping mean by a ‘new Cold War’

Days after Joe Biden took the reins of the American presidency, the Chinese premier spoke about the possible outbreak of a 'new cold war' between the global powers.

China tipped to be world's biggest economy by 2028

A think tank forecast that the economic fallout in the US from the Covid-19 pandemic will help China gain an edge in the world economy.

US drops designation of China as currency manipulator

The preliminary pact that the two sides are set to sign this week includes a section that's intended to prevent China from manipulating its currency to gain trade advantages.

Asia-Pacific trade wars: How Japan and Korea have embraced protectionism

The difficult relationship between two key US allies in Asia-Pacific has become a full-blown trade war, which is bound to have an impact on the global economy.

Around 34 percent of surveyed economists expect US recession in 2021

The financial markets signalled the possibility of a US recession last week, adding to concerns over ongoing trade tensions and word from Britain and Germany that their economies are shrinking.

China's yuan weakens after signs of stability calm markets

The yuan has now weakened around 1.5 percent since US President Donald Trump threatened last Thursday to impose more tariffs on Chinese goods from September 1.

China says existing US tariffs must be removed for a trade deal

The leaders of the two countries agreed last weekend to relaunch trade talks that had stalled in May after the US accused China of reneging on its commitments.

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

US President Donald Trump removes import taxes on Canadian and Mexican steel and aluminum but delays auto tariffs that would have hurt Japan and Europe.

China to impose tariffs on US goods despite Trump warning

China's foreign ministry had earlier said the country will never surrender to external pressure after Washington renewed threat to impose tariffs on all Chinese imports in an escalating trade dispute.

US softens demands for China to cut subsidies in push for trade deal

The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains.