After months of threats and gamesmanship, President Trump’s tariffs on $34 billion worth of Chinese industrial imports took effect a minute after midnight Friday. It’s the latest in a line of protectionism aimed at the U.S. trade deficit with China, which rose about 8% last year to a record $375.2 billion, and includes tariffs […]

SINGAPORE (Reuters) – Oil prices dipped on Friday in a nervous market ahead of a raft of import tariffs expected to be imposed later in the day by the world’s two biggest economies, the United States and China. Brent crude futures LCOc1 fell 25 cents, or 0.3 percent, to $77.14 per barrel by 0317 GMT […]

WASHINGTON — A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products, a significant escalation of a fight that could hurt companies and consumers in both the United States and China. The […]

China’s commerce ministry says the country has no choice but to fight back after the US “launched the largest trade war in economic history,” as Washington’s 25 percent tariffs on various Chinese imports go into effect. “On July 6, the US began to impose 25 percent tariffs on $34 billion worth of Chinese imports. The […]

Chinese tourists traveling to the US should be ever vigilant as gun violence and robberies are rampant, healthcare is expensive and natural disasters can occur at any moment, China’s Washington embassy has warned. Shootings, robberies and theft are commonplace in US cities as law and order “is not good” there, the embassy cautioned in newly […]

Major Chinese banks ditching US dollar to prop up domestic currency “Our measures are equal and being equal means that if the US starts on July 6, we start on July 6,” a source in Beijing told Reuters. “The implementation time for all policies starts at midnight.” On June 15, the Trump administration said it […]

The Trump administration’s tariffs on $34 billion of Chinese imports are due to go into effect at 12.01 am eastern time on Friday (0401 GMT Friday), which is just after midday on Friday Beijing time. U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of […]

UNITED STATES Ambassador to the Philippine Sung Y. Kim said the visit of three US ships to the Philippines are “an important signal” of the US following developments concerning the disputed South China Sea. Mr. Kim was responding to recent statements by President Rodrigo R. Duterte that the US has not helped the Philippines enough […]

The carrier visits show ‘we care about developments in the South China Sea,’ says US Ambassador Sung Kim as America celebrates its 242nd Independence Day MANILA, Philippines – The 3 visits of US aircraft carriers to the Philippines this year show that America cares about the disputed South China Sea, said US Ambassador to the […]

Japan’s growing visibility in those waters reflects concern it shares with the United States over China’s military presence in a region through which trade routes pass that are vital to the Japanese and US economies Japan will send a large helicopter carrier to the South China Sea and Indian Ocean for a second straight year […]