President Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked on Wednesday afternoon in the face of financial turmoil,…
Tag: China
How Trump Offers This African Territory Its ‘Biggest Opportunity’
The Cold War-era airstrip, its asphalt gleaming in the sunlight, stretched toward the coastline on the Horn of Africa. A few miles away, dock workers unloaded cargo at a port on the Gulf of Aden, a vital global shipping route…
Beijing Tells City Residents to Stay Home as Strong Winds Hit China
Beijing’s 22 million residents were asked to stay indoors on Saturday, as powerful winds swept across northern China. The winds toppled trees, disrupted travel and sports, and caused dust storms across the region. The winds could be the strongest in…
Steeling China for a Tariff Fight, Xi Faces His Biggest Test Since Covid
For the two men at the forefront of a trade war that has begun to rupture ties between the world’s biggest economies, the question has become who will blink first. On one side is President Trump, who unleashed a disruptive…
For U.S. and China, a Risky Game of Chicken With No Off-Ramp in Sight
A whopping increase in tariffs, followed by a whopping retaliation. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.” For years, the world’s two biggest powers…
Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
President Trump on Wednesday dramatically reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession, saying just hours after stiff levies went into effect on nearly 60 countries…
China Dismisses Ukraine’s Assertion That ‘Many’ Chinese Are Fighting for Russia
China’s foreign ministry on Wednesday rejected accusations by Ukraine that more Chinese citizens were fighting there on behalf of Russia, calling the assertion “groundless.” President Volodymyr Zelensky of Ukraine had said a day earlier, without providing evidence, that two Chinese…
China Accuses U.S. of Blackmail After Trump Threatens More Tariffs
Xi Jinping wants you to know that he will not be cowed. Confronted with the latest threat from President Trump of an additional 50 percent tariff on Chinese goods unless Beijing reverses its retaliatory levies on U.S. imports, China’s top…
China Tries to Downplay the Trade War’s Effects on Its Economy
China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s…
What Will Trump’s Tariffs Do to EU-China Trade Relations?
President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest consumer market. Naturally, they are looking for the next big thing. Statistically speaking, that would mean…