China, Trump and Trade War
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The New York Times |
Beijing is presenting itself as too powerful to succumb to U.S. pressure.
SFGate |
China is retaliating in a determined and at times highly detailed manner to U.S. President Donald Trump’s new tariffs, led by a retaliatory 34% tax on all U.S. imports next week.
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Oil prices extended losses on Monday, falling nearly 4% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies a supply increase.
A staggering $1.9 trillion in extra industrial lending is fueling a continued flood of exports that could be spread even wider across the world by the Trump tariffs.
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The China box office welcomed a new leader this as Warner Bros. and Legendary’s 'A Minecraft Movie' debuted in first place with $14.7 million.
Threats and pressure are not the right way to deal with China, a Chinese foreign ministry spokesperson said on Monday after describing U.S. President Donald Trump's "reciprocal tariffs" as bullying.
The White House was nearing a TikTok deal, but China halted the agreement after Trump announced wide-ranging tariffs, a source told AP.
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The move came two days after President Donald Trump imposed the same tariff on all Chinese imports, bringing the total U.S. tariff on Chinese goods to at least 54%.
Microsoft's joint venture Wicresoft will cease its China operations from Tuesday, a move that will lead to the layoff of about 2,000 staff, Chinese media outlet Caijing reported on Monday, citing sources.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.