Apple has ‘worst annual performance’ in China as smaller rivals dethrone iPhone champ
Local rivals Vivo and Huawei overtook the iPhone maker as Apple's annual domestic shipments fell by 17%, data from research firm Canalys showed on Thursday. , was dethroned as China's largest smartphone seller in 2024. This is Apple's largest annual revenue decline ever in China, which contracted in all four quarters, including a 25% drop […]
Treasury secretary nominee corrects Democrat about ‘clean energy race’ against China
President-elect Donald Trump's nominee to head the Treasury Department reminded a Democratic senator during his confirmation hearing Thursday that China is not doing its part to join the “clean energy race.” There was a need. Sen. Ron Wyden (D-Ore.) asked Scott Bessent. Whether you support eliminating tax credits for low- or zero-emission products. “Free trade […]
Trump Treasury Sec Nominee Fires Back At Dem Sen Who Tries Gotcha Question On ‘Clean Energy’ Race With China
Treasury Secretary nominee Scott Bessent told Democratic Oregon Sen. Ron Wyden during his confirmation hearing Thursday that the United States is not in a clean energy “arms race” with China. President-elect Donald Trump intends to direct unused funds from President Joe Biden's climate change law, the Inflation Control Act (IRA), to infrastructure spending, the Daily […]
Marco Rubio, Banned from China, Defends Tough Beijing Stance at Confirmation Hearing
Sen. Marco Rubio (R-Fla.) addressed concerns about his long-standing vocal stance against atrocities committed by communist China during a Senate Foreign Relations Committee confirmation hearing Wednesday after being nominated to be secretary of state. Ta. President-elect Donald Trump selected Rubio became top diplomat shortly after winning the November election and described him as “a highly […]
Marco Rubio Warns That If US Doesn’t ‘Change Course,’ China Will Control Every Aspect Of Our Lives
Secretary of State nominee Marco Rubio warned during his confirmation hearing Wednesday that if the United States doesn't “change course,” it will take less than a decade for China to effectively control every aspect of Americans' lives. . Rubio said that the Chinese Communist Party (CCP)'s stronghold over key industries and critical materials means that […]
We Should Offer Trade Concessions to China to Get Them to Stop Aiding Russia
On Tuesday's broadcast of NewsNation's “The Hill,” Sen. Rand Paul (R-Ky.) asked China what the U.S. could do to “improve trade and, perhaps in exchange, enhance trade.” “Is that true?” he said. You can get them to agree not to sell dual-use parts to Russia. ” “Everyone wants the United States to be strong enough […]
China Blames U.S. ‘Political Divisions’ for California Wildfire Destruction
Chinese state-run propaganda media Global Times Condemns reasonable criticism of California's unpreparedness to deal with fires, slams Americans for “blame” and lack of “unity” in the face of ongoing Los Angeles wildfires did. Over the past week, California has been experiencing what could ultimately become the most destructive conflagration in history, with multiple blazes destroying […]
GOP: US small businesses to pay more taxes than small businesses in China if TCJA expires
Republicans on the House Ways and Means Committee, the House's main tax committee, said at a hearing Tuesday that millions of small businesses in the United States would be in the lurch if Congress allows the tax cuts from President-elect Trump's first term to expire. He pointed out that it would be beneficial. higher than […]
China app RedNote adds over 700K new users as TikTok ban looms
Days before a proposed ban on the popular social media app TikTok in the United States, Chinese social media app Red Note has been flooded with new users. The little-known company is rushing to capitalize on the sudden influx while walking the fine line of managing English-language content, people told Reuters. More than 50,000 American […]
‘Enough is enough’: New report warns top US companies at risk of hefty fines from possible China sanctions
The nonprofit organization, whose goal is to “preserve freedom and restore ideological balance to public companies,” is economically dependent on China and could suffer huge losses if sanctions are imposed. Published a database outlining a list of Fortune 100 companies. “In the current political climate, imposing severe trade tariffs on Chinese products is being discussed,” […]