US-China relations

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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....

Trump, Xi Lock Eyes Over Sirloin Dinner

US-China trade relations may hang in the balance

(Newser) - Table talk at President Donald Trump's dinner meeting Saturday with Chinese leader Xi Jinping will undoubtedly have a global impact, the AP reports. What they agree on—or don't—will likely move markets up or down, determine whether the world economy gets some relief from destabilizing trade tensions...

Trump, Xi to Meet as Trade War Wears On

Officials say meeting will take place at G20 summit

(Newser) - Amid a continued trade dispute between their two countries, President Trump and his Chinese counterpart, Xi Jinping, plan to meet next month at the Group of 20 leaders’ summit in Buenos Aires. Officials say the Trump administration notified Beijing in recent days that plans for a meeting at the multilateral...

Tense International Encounter Unfolds in South China Sea

A US Destroyer was aggressively approached by a Chinese warship

(Newser) - A tense encounter unfolded Sunday between US and Chinese vessels in the South China Sea. Per CNN , the American destroyer USS Decatur was aggressively approached by a Chinese warship while conducting what are called freedom of navigation operations in the Spratly Islands. in a statement, Capt. Charles Brown with the...

Amid Tariff Hikes, Beijing Appeals for Free Trade

'It is essential that we uphold the basic principles of multilateralism and free trade'

(Newser) - China's No. 2 leader appealed Wednesday for support for free trade and promised to improve conditions for foreign companies following tit-for-tat US and Chinese tariff hikes in an escalating battle over Beijing's technology policy. Premier Li Keqiang's comments add to Beijing's effort to portray itself as...

Trump Fires Another Shot in China Trade War

He slaps tariffs on another $200B in goods

(Newser) - The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires. The tariffs will start at 10%, beginning Monday of next week,...

China Has Stopped Accepting Applications From US Firms

Business group says it is retaliation for tariffs

(Newser) - Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement, a business group says. The disclosure Tuesday is the first public confirmation of US companies' fears that their operations in China or...

US May Make Rare Move Against China
US May Make
Rare Move
Against China
Sep 11, 2018 12:00 PM CDT

US May Make Rare Move Against China

White House considers penalties over human rights issue, the treatment of Uighur Muslims

(Newser) - President Trump has been quick to go after China on trade issues , but the New York Times reports his administration is poised to penalize Beijing on a human rights issue for perhaps the first time. The administration is considering sanctions in response to China's crackdown on minority Muslims, specifically...

US-China Trade War Hits New Low
US-China Trade War
Hits New Low 
Aug 23, 2018 8:15 AM CDT

US-China Trade War Hits New Low

China releases video mocking US bacon, bourbon as billions in tariff hikes go into effect Thursday

(Newser) - The United States and China went ahead with tariff hikes on billions of dollars of each other's automobiles, factory machinery, and other goods Thursday in an escalation of a battle over Beijing's technology policy that companies worry will chill global economic growth. The increases came as envoys met...

China Has US Targets in Crosshairs: Pentagon

A new report says the People's Liberation Army is training for long-distance strikes

(Newser) - China is flexing its military muscles, according to a Pentagon report that gets right to the troubling point: "Over the last three years, the PLA [People's Liberation Army] has rapidly expanded its overwater bomber operating areas, gaining experience in critical maritime regions and likely training for strikes against...

Dow Rises 400 on China Trade Talks
Dow Rises 400
on China Trade Talks
Aug 16, 2018 11:40 AM CDT

Dow Rises 400 on China Trade Talks

Markets happy officials from US and Beijing will meet this month

(Newser) - Stocks are sharply higher in midday trading on Wall Street following signs of progress in defusing the trade dispute between China and the US. Investors were encouraged to see that China was sending a trade envoy to Washington, which would be the first talks between the two countries since June,...

US Ship With Soybeans Raced the Clock Toward China
US Ship With Soybeans Raced
the Clock Toward China
the Rundown
Jul 6, 2018 1:40 PM CDT

US Ship With Soybeans Raced the Clock Toward China

But 'Peak Pegasus' appears to have fallen just short, as tariffs go into effect

(Newser) - Trade disputes generally don't lend themselves to exciting visuals, but the new one between the US and China might be an exception. As the deadline neared for new penalties to take effect, a ship laden with US soybeans raced toward the Chinese port of Dalian, capturing the attention of...

Trump&#39;s Tariffs Hit China
Trump's Tariffs Hit China,
China Fires Back
UPDATED
Jul 6, 2018 12:00 AM CDT

Trump's Tariffs Hit China, China Fires Back

But Asian markets weren't rattled by the tit-for-tat

(Newser) - The United States hiked tariffs on Chinese imports Friday and Beijing announced it was retaliating against American goods in a technology dispute between the world's two biggest economies that President Trump says he is prepared to escalate. Washington imposed 25% tariffs on $34 billion worth of Chinese imports, a...

China Slams US 'Blackmail' as Tariffs Loom

Beijing says it won't 'bow in the face of threats'

(Newser) - China rejected "threats and blackmail" ahead of a threatened US tariff hike , striking a defiant stance Thursday in a dispute companies worry could flare into a full-blown trade war and chill the global economy. A government spokesman says Beijing will defend itself if President Trump goes ahead Friday with...

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