US President Donald Trump had threatened 60% tariffs on Chinese goods on his campaign trail.
China is optimistic about Trump's return. Signs suggest Trump is amending his stance on China, focusing on trade and fentanyl. A potential deal could reshape global supply chains, with significant implications for India and the Western alliance.
US President Donald Trump has relaunched the trade war with China, by threatening to impose a 10 per cent duty on imports from Beijing, AFP reported. In his second term, Donald Trump has hinted of imposing a 10% tariff on imports of Chinese-made goods from February 1.
Chinese Foreign Minister Wang Yi spoke with new U.S. Secretary of State Marco Rubio on Friday and Beijing said he told the known China hawk that the direction and tone of U.S.-China ties had been set by their leaders and he hoped Rubio would play a constructive role for the good of the people of both countries.
Donald Trump’s second term in office is getting off to a good start for China.
Two Chinese citizens are standing trial in New York for charges related to the illicit fentanyl trade in a landmark case as officials aim to crack down on the movement of the deadly drug and its components from China to the United States.
President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies.
President Donald Trump said from the White House that he's looking at a 10% tariff on imports from China. He pushed Xi Jinping crack down on fentanyl.
President-elect Donald Trump revealed Friday he had a “good” phone call with Chinese President Xi Jinping, discussing ways in which their nations could cooperate on “Trade,
China's stocks and currency took a hit as President Trump reignited tariff rhetoric against Beijing, citing fentanyl imports. Emerging markets responded with varied movements, anticipating potential global economic impacts.
On the campaign trail, Donald Trump has vowed to impose tariffs as high as 60 per cent on China as soon as he entered the White House. Now, he has said he would rather spare the Asian giant, expressing confidence about reaching a trade deal with it.