US-China relations

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Dow Plummets 700 Points After China Makes Its Move

Beijing announced $60B in tariffs on US goods on Monday

(Newser) - Investors around the world were waiting to see how China would respond to the new US tariffs put into place last week, and Monday morning brought the answer: Beijing will raise tariffs on about $60 billion worth of imports from the US, reports the Wall Street Journal . The move came...

Trump Hits China Again as Markets Tumble

Beijing 'should not retaliate,' warns president

(Newser) - Will China retaliate? Uncertainty over what happens next in the US-China trade dispute took a toll on markets Monday in both Asia and Europe, reports the Wall Street Journal . Dow futures, meanwhile, suggested the American index would follow suit and open about 250 points in the red, per CNBC , with...

Kudlow Concedes China Tariffs Will Cost US Consumers

Chief economic adviser contradicts Trump

(Newser) - President Trump's chief economic adviser contradicted his boss Sunday on tariffs placed on imports from China by the US. The president had said that China will bear the cost. On Fox News Sunday, host Chris Wallace pressed Larry Kudlow, saying the cost of tariffs is passed on to US...

Markets Calm as Trump Praises 'Candid' China Talks

Dow rises 114, and president says his relations with Chinese counterpart are solid

(Newser) - The stock market ended a bumpy week with a late gain as traders hoped that this week's flare-up in trade tensions between the US and China would fade. Stocks fell sharply early Friday after the US raised tariffs on $200 billion worth of Chinese goods. Hours later, remarks from...

'Big Shock to Economy' Predicted as Tariffs Kick In

China has promised 'countermeasures'

(Newser) - The trade war is heating up: China said Friday it "deeply regrets that it will have to take necessary countermeasures" after the tariff hikes threatened by President Trump kicked in at 12:01am. American and Chinese negotiators met in Washington, DC, Thursday but were unable to reach a deal...

US-China Relations Just Got Much Worse

Officials accuse Beijing of backtracking on commitments

(Newser) - US-China relations took another hit Monday after American officials accused Beijing of backtracking on trade commitments—and confirmed that the US will go ahead with the tariff hikes threatened by President Trump . "Over the course of the last week or so we have seen an erosion in commitments by...

Trump Tweets Send Stock Futures Tumbling

Dow could open 500 points in the red after president's criticism of trade talks with China

(Newser) - This might not be a good day to check on the 401k. American stock futures were down significantly ahead of the open, and markets in Europe and Asia dropped on new tension between the US and China, reports the Wall Street Journal . More specifically, investors appeared to be rattled after...

Trump Threatens China
Trump Threatens China
May 5, 2019 5:30 PM CDT

Trump Threatens China

China talks are slated to resume in Washington this week

(Newser) - President Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods, the AP reports. Trump's comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war...

Chinese Activity in Arctic Concerns Pentagon

Civilian projects could support military expansion, report warns

(Newser) - The Pentagon sees signs of an increased Chinese presence in the Arctic region, which could include submarines intended to deter nuclear attack. The assessment was part of the Defense Department's yearly report to Congress on China's military. Arctic states are concerned about China's objectives in the region,...

Huawei Makes Big Move Against US Government

Company launches federal lawsuit

(Newser) - Chinese tech giant Huawei is fighting back against the American government's ban on federal agencies using its products and services. In a lawsuit filed in federal court in Texas, the company calls for the ban the Trump administration put in place in August to be overturned, the Guardian reports....

As Deadline Nears, Trump May Meet With China's Xi

Trade war escalates in a month if 2 sides can't strike a deal

(Newser) - It's nearly crunch time for US and Chinese negotiators hoping to avoid a big escalation in the trade war, and it now appears that President Trump and Xi Jinping will meet face-to-face just before a crucial deadline. The Wall Street Journal reports that China has floated the idea of...

Amid Pivotal US-China Trade Talks, Zero Hope

Expectations are basically nil on a breakthrough with steep tariffs set to take effect in a month

(Newser) - US and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets, and clouded the global economic outlook. Yet the odds seem stacked against any substantive resolution, reports the AP . "We are anticipating no big...

China Makes Its Displeasure With the US Known

It calls out the 'unreasonable crackdown' on Huawei

(Newser) - One day before high-level trade talks are scheduled to begin in Washington, China made its displeasure toward the US known. In responding to the Justice Department's indictment of tech giant Huawei on Monday, Chinese Foreign Ministry spokesman Geng Shuang released a biting statement on the US' "unreasonable...

US Hits Huawei, CFO With Criminal Charges

How this affects the US-China trade war will remain to be seen

(Newser) - The US Department of Justice unsealed a 13-count indictment against Chinese tech giant Huawei on Monday, including against two of its affiliates and its chief financial officer, the AP and Fox News report. The felony charges, which came in the form of two separate indictments—one a 10-count grand jury...

China Stops Importing US Soy in First for Trade War

November saw zero soybeans sold as the Chinese turn to Brazil

(Newser) - For the first time since President Trump ignited a trade war with China, the People's Republic imported no US soybeans at all in November. Per Reuters, China, which is the world's largest soybean buyer, has turned to Brazil's growers instead after China put a 25 percent tariff...

US Charges Hackers Linked to Beijing
US Charges Hackers
Linked to Beijing
Dec 21, 2018 12:35 AM CST

US Charges Hackers Linked to Beijing

2 indicted in massive cyberespionage campaign

(Newser) - US officials on Thursday said two alleged Chinese hackers carried out an extensive campaign on behalf of Beijing's main intelligence agency to steal trade secrets and other information from government agencies and "a who's who" of major corporations in the United States and nearly a dozen other...

After Huawei Arrest, China Hauls in US Ambassador

Incensed Beijing also has words for Canadian envoy, wants tech exec released ASAP

(Newser) - China wasted little time in summoning the US ambassador to Beijing on Sunday to protest the detention of a Huawei executive in Canada—immediately on the heels of warning Canadian envoy John McCallum that there would be "grave consequences" if Meng Wanzhou is not released. Vice Foreign Minister Le...

Why This Woman&#39;s Arrest Is Causing Markets to Tank
Why This Woman's Arrest
Is Causing Markets to Tank
the rundown
Dec 6, 2018 1:17 PM CST

Why This Woman's Arrest Is Causing Markets to Tank

Meng Wanzhou is the CFO of Chinese tech giant Huawei

(Newser) - The arrest of a Chinese tech executive rattled already jittery world markets Thursday and brought international attention to her company, Huawei Technologies. The woman in custody is its 46-year-old chief financial officer, Meng Wanzhou, who also goes by Sabrina Meng. China is seething over the arrest, which took place at...

China Starts to Open Up on What It Agreed to Do

Confirms there is a 90-day window for trade talks

(Newser) - Though US markets are closed Wednesday in honor of former President George HW Bush, after Tuesday's 800-point plunge investors will be looking for hints as to what to expect Thursday morning, and all eyes are on China. Tuesday's sell-off was sparked by uncertainty over what exactly Trump and...

Result of Trump-Xi Dinner: A 90-Day Truce

Trade war seems to be on hiatus

(Newser) - The US and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth, per the AP . The breakthrough came after a dinner meeting Saturday between President Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires....

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