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China

Trump vows to reach ‘fantastic deal’ with China, saying the U.S. commands ‘great respect’ from Beijing

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President Donald Trump said Monday that the U.S. commands “great respect” from Beijing and that he will reach a “fantastic deal” with Chinese President Xi Jinping when the two leaders meet soon. Trump’s remarks come after Beijing infuriated him by expanding export controls on rare earth products that are used in smartphones, fighter jets, electric vehicles and more. Trump … Read more

China responds to U.S.-Australia critical minerals deal

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FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters China on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains. A spokesperson … Read more

Jensen Huang says Nvidia went from 95% market share in China to 0%

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Nvidia CEO Jensen Huang urged nuance when it comes to regulating China’s access to U.S. technologies that are critical to developing artificial intelligence. In an interview with Citadel Securities on Tuesday, he warned that what harms China can often harm the U.S., and sometimes even in worse ways. “Before we leap towards policies that are … Read more

Nikkei 225, Hang Seng Index, China GDP

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Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets were set to open mostly higher Monday as investors awaited a slew of economic data coming out of China. Analysts polled by Reuters expect China’s economy to have slowed in the third quarter, forecasting gross domestic product to … Read more

Trump says he is ‘not looking to destroy China’ after previously warning he could

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President Donald Trump attempted to lower the temperature in the U.S.-China trade war as both sides wrangle over tariffs and export controls. In an interview with Fox News’ Sunday Morning Futures, he also mixed in some flattery for Chinese President Xi Jinping while still airing some grievances. “I’m not looking to destroy China,” Trump said. Earlier … Read more

China accuses U.S. National Security Agency of using ‘special cyberattack weapons’ to target time center

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 China on Sunday accused the U.S. National Security Agency of carrying out cyberattacks on its national time center following an investigation, saying any damage to related facilities could have disrupted network communications, financial systems and power supply. The Ministry of State Security alleged in a WeChat post that the U.S. agency had exploited vulnerabilities in the messaging services … Read more

Here’s how Trump can hit China where it really hurts as Beijing’s rare earths gamble could backfire

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The Trump administration insists it holds the upper hand as trade friction with Beijing has reignited over its sweeping rare-earths export controls. While President Donald Trump’s initial response was to announce an additional 100% tariff and software restrictions on China, which controls more than 90% of the world’s processed rare earths and rare earth magnets, … Read more

Trump justifies China tariffs as crypto market crashes

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Crypto markets crashed as Trump reaffirmed 100% tariffs on China, despite admitting they are “unsustainable.” Summary Crypto markets fell more than 5% amid ongoing trade tensions between the U.S. and China Donald Trump justified 100% tariffs on China, despite admitting the figure is unsustainable New U.S. tariffs on China sparked renewed global risk aversion, hitting … Read more

China accuses U.S. of ‘panic’ over rare earths, open to trade talks

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China on Thursday accused the U.S. of creating “panic” over Beijing’s controls on rare earth minerals, but indicated it is open to trade talks to resolve a dispute that has threatened to reignite a trade war between the world’s two largest economies. “The US interpretation seriously distorts and exaggerates China’s measures, deliberately creating unnecessary misunderstanding … Read more

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