TOI correspondent from Washington : Tariffs? What tariffs? In a resounding rebuff to US efforts to corral its manufacturing might and gargantuan growth, China announced a $ 1 trillion trade surplus with the world on Monday, leaving Washington, New Delhi, Brussels among others capitals wringing their hands. It is the first time in human history […]
Nvidia has made an important clarification. The company has denied that its CEO Jensen Huang handed over the victory crown to China in AI race. The clarification comes post a report in Financial Times that claimed Huang said, “China is going to win the AI race.” Huang is said to have told the newspaper on […]
US President Donald Trump met Chinese leader Xi Jinping in South Korea on Thursday in a bid to stabilise relations between the world’s two largest economies after months of trade tension. The meeting took place at a military base in Busan, with both leaders exchanging warm greetings on the red carpet.“Good to see you again,” […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has claimed that the United States holds overwhelming leverage over China, even suggesting that if he chose to use it, he could “destroy” the world’s second-largest economy.Speaking in the Oval Office on Monday before a bilateral meeting with South Korean President Lee […]
US President Donald Trump has signed an executive order extending a tariff truce with China by another 90 days, a White House official said on Monday with only hours to go before US tariffs on Chinese goods were due to snap back to triple-digit rates.The order followed a noncommittal answer by Trump to reporters as […]
Trump’s former NSA John Bolton said it’s a huge mistake for Trump to treat friends and foes alike on tariff. President Donald Trump’s former NSA John Bolton said Trump favoring China over India on trade is an enormous mistake and entirely counterproductive for America. In an opinion piece for The Hill, Bolton said the tariffs […]
US President Donald Trump with China’s counterpart Xi Jinping (File Image) US President Donald Trump and China’s counterpart Xi Jinping are likely to speak this week, White House press secretary Karoline Leavitt said on Monday, following the tension that flared between the two economic powerhouses over breaching tariff and trade restriction agreements.Responding to the reporter’s […]
File photo: US commerce secretary Howard Lutnick (left) and US President Donald Trump (Picture credit: AP) US commerce secretary Howard Lutnick on Sunday said the Trump administration’s decision to temporarily exempt electronics like smartphones and laptops from steep new import tariffs was not permanent and that the products would soon fall under a new policy […]
China on Sunday called upon the US government to “completely cancel” reciprocal tariffs imposed by the Donald Trump administration which has taken the total levies to 145% on the Asian nation.“We urge the US to… take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the […]
China vows to fight US tariffs ‘to the end’ China on Tuesday vowed to retaliate against the United States if President Donald Trump goes ahead with his threat to impose fresh 50 per cent tariffs on Chinese imports. Reacting to Trump’s new threat, China hinted of imposing more retaliatory tariffs on American products. Beijing said […]
