Beijing has reportedly decided to slash import tariffs on more than 1,500 products amid increased U.S. pressure and slowing exports. The move is aimed at opening up the domestic economy to foreign businesses and stimulating spending among citizens. Reducing import tariffs China’s finance ministry has declared that import tariffs on products like wood, minerals, paper, ...
Under constant pressure from the U.S. tariffs and sanctions, Chinese President Xi Jinping has called for developing self-reliance in society, painting the United States as the “foreign enemy.” Meanwhile, the Chinese middle class seems to be swinging back and forth in their support of the Chinese Communist Party’s policies, while being very afraid that they ...
With the U.S.-China trade war not showing signs of ending anytime soon, President Trump is reportedly ready to pile on as much pressure as he can on China so that Beijing feels the pain and accepts America’s demand for fair trade practices. Trump’s trade tariffs In an interview with South China Morning Post, former White ...
Chinese espionage has been increasing against U.S. companies and security establishments with an intention to destroy American values and influence. And though President Trump initiated import tariffs on Chinese products in a bid to force Beijing to stop the theft of U.S. intellectual property, stricter actions may be required to keep the communist nation in ...
Under pressure from U.S. tariffs that have critically hit their exports, Beijing will reportedly seek the permission of the World Trade Organization (WTO) to impose sanctions against the United States. Meanwhile, President Trump is already considering pressuring China with additional trade sanctions over their mistreatment of the Uyghur Muslim community. China’s intentions Trump had already ...
While the U.S. and China are engaged in a heated trade war where none of them seems to want to compromise their position, one country that is closely watching the developments is India. The trade war presents some serious threats and incredible opportunities for this developing nation. Risks for the Indian economy Big risks the ...
When President Donald Trump decided to impose sanctions on Chinese imports, it was with the intention of hurting the Chinese economy so as to force Beijing to agree to a fair trade policy. And it seems like Trump’s trade war plan is working out, as auto parts manufacturers from China are experiencing slow business post ...
China is once again riling up America by continuing its purchase of Iranian oil despite sanctions by the U.S.The U.S. had pulled out of the nuclear deal with Iran and re-imposed sanctions on the Middle Eastern country after President Trump found the agreement to be seriously flawed, posing a threat to the U.S. as well ...
When U.S. President Trump initiated his trade war with China, the Communist Party officials in Beijing were confident in meeting the U.S. challenge. Fast forward a few months and many Chinese leaders are now worried about the potentially devastating implications from the trade war. Chinese officials insecure over trade war Beijing’s confidence in its ability ...
The U.S.-China trade war may very well be the event that defines which nation will end up as the top superpower of the 21st century. And as far as the U.S. is concerned, there are three major reasons why it has headed into the trade war — China’s disregard for World Trade Organization (WTO) rules, ...
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