Tag Archives: China

Ars Technica reports: The FBI is offering $10 million for information about the China-state hacking group tracked as Salt Typhoon and its intrusion last year into sensitive networks belonging to multiple US telecommunications companies. Salt Typhoon is one of a half-dozen or more hacking groups that work on behalf of the People’s Republic of China. Intelligence agencies and private security …

The Hill reports: China canceled 12,000 metric tons of United States pork shipments amid a high-stakes trade standoff between the superpowers, according to data released Thursday. China, one of the biggest U.S. trading partners, axed 12,000 metric tons of U.S. pork orders, the data from the U.S. Department of Agriculture (USDA) shows. The move represents the biggest cancellation of pork …

From the Wall Street Journal editorial board: Another harsh reality is that China called Mr. Trump’s bluff and seems to have won this round. When Mr. Trump imposed his tariffs in the first term, President Xi Jinping retaliated with some restraint and sent a delegation to negotiate a trade deal. This time he retaliated in tit-for-tat fashion and pushed all …

The Canadian Press reports: China’s ambassador says Beijing is offering to form a partnership with Canada to push back against American “bullying,” suggesting the two countries could rally other nations to stop Washington from undermining global rules. “We want to avoid the situation where humanity is brought back to a world of the law of the jungle again,” Chinese Ambassador …

CNN reports: In another example of the disorderly nature of the front office, at one point in March, Hegseth directly asked the director of DoD’s special access programs – which are among the most highly classified programs within the DoD – to read Elon Musk into more than two dozen programs having to do with China, according to multiple people …

CNBC reports: The pullback in trade between the U.S. and China as a result of President Trump’s steep tariffs on Chinese goods and fears of a recession are starting to show up in major ports data, with a steep drop in container vessel traffic headed to Los Angeles and Long Beach. For the week ending May 3, the number of …

Wired reports: On Saturday, about 12,000 human athletes ran in a half marathon race in Beijing, but most of the attention was on a group of other, unconventional participants: 21 humanoid robots. The event’s organizers, which included several branches of Beijing’s municipal government, claim it’s the first time humans and bipedal robots have run in the same race, though they …

CNBC reports: A total of 80 blank, or canceled, sailings out of China have been recorded by freight company HLS Group. It wrote in a recent note to clients that with the trade war between China and the U.S. leading to a demand plummet, carriers have started to suspend or adjust transpacific services. The impact of the diminished freight container …

The Telegraph reports: China has barred its country’s airlines from accepting deliveries from Boeing in retaliation against Donald Trump’s tariffs. Boeing has been caught in the middle of the clash, losing access to one of the world’s biggest aviation markets in the process. The ban will apply to all existing orders from the US manufacturing giant, while Beijing has also …

Forbes reports: Chinese social media users—and even some Chinese government officials—are using AI-generated memes to troll President Donald Trump, as his steep tariff hike against Chinese imports prompted retaliatory levies and stoked fears of an all-out trade war. Mao Ning, spokesperson for China’s ministry of foreign affairs, posted a meme on X Thursday morning depicting the cost of Trump’s “Make …

The New York Times reports: China on Friday said it was raising its tariffs on American goods to 125 percent, from 84 percent, retaliating for the third time in the escalating trade war between the two superpowers. The announcement by the State Council, China’s cabinet, came after Trump administration officials clarified on Thursday that Chinese goods imported to the United …

CNBC reports: Stocks fell Thursday, giving back some of the gains from the historic rally seen in the previous session after Trump announced a 90-day reprieve on some of his “reciprocal” tariffs. Investors worried that even with the short pause on some of the duties, economic activity will be slowed by Trump’s singling out of China with a much higher …

CNBC reports:  Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers. “I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with,” Jassy said …

Reuters reports: Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to the “unprecedented blow” from President Donald Trump’s tariff hikes, the head of China’s largest e-commerce association said. Trump said on Wednesday he would raise tariffs on Chinese imports to 125 per cent from the 104 per cent …

Politico reports: The Chinese government issued a new travel advisory for the United States on Wednesday amid growing tensions between the two nations sparked by President Donald Trump’s sweeping global tariffs. The Chinese Ministry of Culture and Tourism cited a “deterioration of economic and trade relations” and the “security situation” with the U.S. in its risk advisory, which it issued …

Axios reports: Treasury Secretary Scott Bessent on Wednesday declined to rule out the possibility of delisting Chinese stocks from U.S. exchanges, during an interview on Fox Business Network. The trade war could bleed beyond tariffs. Bessent didn’t raise the delisting prospect, but also didn’t flinch when asked about it by Maria Bartiromo. “I think everything’s on the table,” Bessent said, …

Reuters reports: Chinese producers of plastic Christmas trees and other festive decorations say orders from U.S. clients, which are crucial for their business, should have started to come in by now. But because of surging import tariffs, they haven’t. U.S. President Donald Trump has raised tariffs on Chinese imports by 104% so far this year in an escalating trade war …

“104% tariffs on China are not enough. I’m advocating 400%. I do business in China. They don’t play by the rules. They’ve been in the WTO for decades, they have never abided by any of the rules they agreed to when they came in. For decades. They cheat, they steal, they steal IP. I can’t litigate in their courts. They take …

The New York Times reports: The Chinese government announced that it was putting an additional 50 percent tariff on imports from the United States, matching the extra 50 percent that Trump had imposed to retaliate for an earlier move by China. President Trump’s latest tariffs took effect just after midnight on Wednesday, hitting nearly all U.S. allies with punishing new …

Wired reports: Let’s say a laptop costs $400 at import in the US. A retailer would then add an average gross margin rate of 30 percent—how much revenue the retailer retains after deducting the cost to produce or acquire the item—and that laptop will now cost $571. That’s the price you’ll pay at a big box store. China exports a …