US, China Exchange Barbs Over Trade War At UN
united nations: China saved US trade practices on Wednesday with a UN speech that burned “bullying” and “terrifying mail,” and the accusations rejected by Washington levelled its own criticism of rival Beijing’s policies. “One-sided practices are on the rise, and bullying practices are ramping… blatantly challenge the international order based on international law and international […]
Trump signals shift in tone on China tariffs
President Trump on Wednesday attempted to thwart the trade war with China, acknowledging that the 145% obligation he slapped in Beijing is “very high” and that he is optimistic that he could sign a contract with President Xi Jinping in the US market. “We’re dealing with a lot of countries now and we could be […]
China slams US tariffs as ‘bullying’ at informal UN Security Council meeting
Hillel Neuer, the UN executive director of surveillance, accusing China of blaming bullying, and mediators discuss the Trump administration, which is considering offering new peace plans to Israel and Hamas and cutting UN and NATO funds. united nations – China accused other countries of using tariffs as it led a UN Security Council meeting on […]
China sends back Boeing planes amid increased tariffs
Boeing CEO Kelly Ortberg said the company is working with China to retrieve the planes it sent to the country amid the rise in tariff war between China and the US. Autoberg said in an Interview with CNBC Boeing has three planes “ready for delivery” to China. Two of them had already been returned, but […]
How businesses are resorting to risky tactics to dodge 145% tariff on China
US and Chinese companies are rushing to find a way to skirt President Trump’s sudden tariffs on Beijing imports. Some rely on dangerous tactics to operate products through other countries, Post learned. According to logistics data provider Vizion, US manufacturing orders from China fell by nearly two-thirds in the first week of April. Trump reportedly […]
Customers canceled 30% of orders from China, says shipping giant
Hapag-Lloyd, a leading shipping container company, said customers have cancelled 30% of orders from China to the US as President Trump’s strict tariffs have caused chaos at ports around the world. Meanwhile, demand for shipments from Thailand, Cambodia and Vietnam has “a significant increase,” Vietnam, the world’s largest German shipping company, told Reuters. “We believe […]
Boeing to be ‘pragmatic’ on China sales amid trade tensions, CEO says
President Donald Trump chose the aerospace giant to build the next generation of aviation control platforms. Boeing CEO Kelly Autoberg said Wednesday that he will work to protect the aerospace giant’s turnaround from the effects of the trade war between the US and its trading partners, particularly China. Prior to the company’s quarterly revenue announcement, […]
Karoline Leavitt Says There Will Be ‘No Unilateral Reduction In Tariffs’ Against China
White House Press Secretary Caroline Levitt said on Wednesday that China “will not be unilaterally reduced tariffs” and that the country must negotiate with the US. President Donald Trump said Tuesday that the US will not be completely eliminated after placing substantial tariffs on the country over unfair trade practices, but it intends to “substantially” […]
Bessent says India will be first to make deal avoiding Trump tariffs — while China is ‘put to the side’
WASHINGTON – The Treasury Department of Scott Bescent said Wednesday it hopes India will attack the first bilateral trade agreement to avoid Trump’s “mutual” tariff lawsuit. Bescent told a roundtable of around 12 reporters that it was “very close” to reaching a successful conclusion of trade talks with India, as the world’s most populous country […]
US has ‘opportunity for a big deal’ with China: Bessent
Treasury Secretary Scott Bescent said Wednesday there is an opportunity to trade with China by softening the Trump administration’s trade stance that has led to huge market rallies over the past two days. “There’s a great opportunity here,” he said. Such transactions are based on an increase in domestic production in the US and a […]