Tag Archives: China

The Guardian reports: On Saturday Hegseth said China was “credibly preparing to potentially use military force to alter the balance of power in the Indo-Pacific”, and was rehearsing for “the real deal” of invading Taiwan. “There’s no reason to sugar coat it. The threat China poses is real, and it could be imminent,” the US defense secretary said. On Sunday, …

The Associated Press reports: Defense Secretary Pete Hegseth reassured allies in the Indo-Pacific on Saturday that they will not be left alone to face increasing military and economic pressure from China, while insisting that they also contribute more to their own defense. He said Washington will bolster its defenses overseas to counter what the Pentagon sees as rapidly developing threats …

“Two weeks ago China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World. We went, in effect, COLD TURKEY with China, and it was devastating for them. Many factories closed and there was, to put it …

The New York Times reports: Secretary of State Marco Rubio announced on Wednesday evening that the Trump administration would work to “aggressively revoke” visas of Chinese students, including those with ties to the Chinese Communist Party or who are studying in “critical fields.” He added that the State Department was revising visa criteria to “enhance scrutiny” of all future applications …

The Global Times reports: The China Media Group (CMG) World Robot Competition – Mecha Fighting Series, the first-ever humanoid robot fighting tournament, kicked off in Hangzhou, East China’s Zhejiang Province on Sunday, as contestants, including robots developed by Unitree Robotics armed with a wide range of combat skills, gathered for a livestreamed showdown, while putting on display Chinese robotics firms’ …

CNBC reports: Nike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned. Prices for Nike apparel and equipment for adults will increase between $2 and $10, a person familiar with the matter said. Footwear priced between $100 and …

The Washington Post reports: China has pledged to give $500 million to the World Health Organization as the country is set to replace the United States as the group’s top state donor, expanding Beijing’s global influence in the wake of Washington’s retreat from international cooperation. Chinese Vice Premier Liu Guozhong told the World Health Assembly that his country is making …

CBS NEWS: “Over the weekend, as you know, the president posted that Walmart ‘should eat the tariffs and not charge the value customer anything. I’ll be watching and so will your customers.’ So does he acknowledge that if companies don’t absorb the full cost, Americans will have to pay?” KAROLINE LEAVITT: “Well, first of all, the CEO of Walmart made …

NBC News reports: It’s “eat the tariffs” vs. “everyday low prices.” Walmart has indicated that consumers will soon start seeing higher costs as Trump’s tariffs have begun to take effect. And retailers broadly have tried to warn consumers about impending price hikes. But the president has sought to aggressively counter those warnings, instead putting the blame for cost increases on …

CNN reports: Walmart, the world’s largest retailer, warned that is not immune from President Donald Trump’s tariffs. It plans to raise prices on some items as Trump’s global trade war sends the company’s costs higher. “We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels …

The New York Times reports: A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump. GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its …

CNN reports: Chinese leader Xi Jinping says “bullying” and “hegemonism” will only backfire, in a veiled reference to the United States just a day after a temporary truce was agreed in the trade war between the world’s two largest economies. Xi chose to deliver this message, which paints China as a global leader and defender of free trade, at a …

Bloomberg News reports: Because the process of bringing goods to the US starts months in advance of their appearance on store shelves, a whole host of disruptions has already been baked into the rest of 2025, even if the average person can’t see them yet. In particular, it could be slim pickings for many seasonal goods commonly imported from China—prom …

Reuters reports: While their joint statement in Geneva didn’t mention the de minimis duties, the White House order released later said the levies will be reduced to 54% from 120% for items valued at up to $800 sent from China via postal services, with a flat fee of $100 to remain, starting from May 14. Carriers can pay either the …

“BREAKING: Trump raised tariffs on the world, the markets, particularly the bond market — which we need to finance our debt–rebelled. Trump then was forced to back off. End of story. Film at 11 of the president spinning this as a major victory. Ok sorry, I couldnt help myself. But what we have seen is a little lesson on how …

The New York Times reports: The United States and China said Monday they reached an agreement to temporarily reduce the punishing tariffs they have imposed on each other while they try to defuse the trade war threatening the world’s two largest economies. In a joint statement, the countries said they would suspend their respective tariffs for 90 days and continue …

Axios reports: Temu has stopped shipping products from China to the U.S. ahead of an executive order from President Trump that went into effect on Friday. The “de minimis” loophole was an important protection for businesses overseas and U.S. customers, exempting low-value packages from tariffs — until now. Temu changed its website and app to only display listings from products …

Politico reports: The economic fallout from President Donald Trump’s tariff agenda hasn’t yet taken a toll on most American consumers. That changes on Friday. Trump’s decision to eliminate a special exemption that allows products from mainland China and Hong Kong under $800 to enter the U.S. tariff-free, part of his trade offensive against Beijing, are hitting the ever-growing market of …

CNN reports: Some of the last cargo ships carrying Chinese goods without crippling tariffs are currently drifting into US ports. Come next week, though, that will change. Cargo on ships from China loaded after April 9 will carry with them the 145% tariff President Donald Trump slapped on goods from that nation last month. Next week, those goods will arrive, but …

NBC News reports: U.S. fireworks wholesalers and distributors say they’ve been canceling shipments from China for this year’s July Fourth holiday. Some are also halting manufacturing in China of fireworks for next year’s celebrations of the 250th anniversary of America’s independence. Trump’s April 2 tariff rollout, which he dubbed “Liberation Day,” raised the effective import tax rate on nearly all …