All articles tagged with #us china trade war
The article discusses three major US bets on China—Nixon's opening, Clinton's WTO entry, and Trump's tariffs—all of which backfired or had unintended consequences, leading to a complex and ongoing geopolitical and economic rivalry. The latest US strategy involves industrial policy to outcompete China, but experts warn it may lead to negative economic outcomes.
Chinese President Xi Jinping appears confident ahead of a meeting with Donald Trump in South Korea, aiming to ease tensions in the US-China trade war by potentially rolling back tariffs to pre-conflict levels.
Nexperia warned Japanese automakers that it may no longer guarantee supply due to geopolitical conflicts following Dutch government seizure and US-China tensions, raising concerns about disruptions in the global automotive supply chain, especially for electronic control units.
China, under Xi Jinping, has leveraged its dominance in rare-earth minerals to counter US trade measures, signaling a shift in global power dynamics and showcasing China's strategic use of critical resources to assert independence and influence in international affairs.
Amid escalating US-China tensions, President Trump is considering banning Chinese cooking oil imports, particularly used cooking oil (UCO), as part of broader trade retaliations linked to China's refusal to buy US soybeans. While such a ban would likely be symbolic due to the relatively small economic impact, it highlights ongoing disputes over biofuel feedstocks, domestic production challenges, and trade strategies, with implications for both US and Chinese markets.
The US-China trade war, marked by tariffs and restrictions, is causing widespread economic ripple effects globally, affecting industries and nations as both powers escalate their trade tensions amid uncertain economic outlooks.
The US and China are set to impose new fees on maritime trade, stemming from a trade investigation into China's shipbuilding practices, aiming to boost US maritime dominance amid concerns over supply chain disruptions and economic security, though critics argue these measures may harm global trade and increase costs for US consumers and businesses.
Chinese stocks declined due to renewed US-China trade tensions, with the Hang Seng China Enterprises Index dropping over 2%, while the yuan remained steady and bond futures rose, reflecting investor jitters but also opportunities for buying the dip amid ongoing trade negotiations and economic developments.
Bitcoin's price declined to $104,782, dropping 8.4%, amid escalating US-China trade tensions as President Trump announced increased tariffs and export controls, causing global market instability and affecting other cryptocurrencies like Ethereum.
Maryland soybean farmers are facing significant challenges due to the US-China trade war, which has led to canceled orders, lower prices, and a surplus of soybeans, threatening their livelihoods and highlighting the broader impact of tariffs and trade disputes on American agriculture.
The US-China trade war has severely impacted American soybean farmers, especially in Nebraska, as China has stopped purchasing US soybeans, leading to economic distress, potential bankruptcies, and calls for government aid, despite ongoing negotiations and promises of support from the Trump administration.
U.S. soybean farmers are frustrated as Argentina receives economic support from the U.S. government and strengthens trade with China, leading to a decline in U.S. soybean exports and prices, with long-term impacts on rural communities and market share.
China's economy grew by 5.2% in the second quarter, slightly slowing down due to trade tensions and a struggling property market, but it has avoided a sharp downturn thanks to government support and a fragile tariffs truce with the US. The country faces challenges in maintaining its growth target amid ongoing trade disputes and declining property prices.
Chinese exports to the US have declined significantly due to tariffs, prompting rerouting through Southeast Asia, especially Vietnam, and shifts in global supply chains, with increased trade to regions like India, the UAE, and Europe as manufacturers adapt to trade restrictions.
The World Bank predicts the slowest decade for global growth since the 1960s, with forecasts lowered due to US trade tariffs and political uncertainty, but stops short of predicting a recession, highlighting increased economic challenges and potential for further growth slowdown.