Latest news with #KhushbooRazdan
South China Morning Post
19-02-2025
- Politics
- South China Morning Post
Trump Jnr says US should avoid ‘poking the dragon' in China-focused commentary
Khushboo Razdan in Washington Published: 8:19am, 19 Feb 2025 Updated: 10:19am, 19 Feb 2025 Donald Trump Jnr, the eldest son of US President Donald Trump , called for 'avoiding poking the dragon in the eye unnecessarily' as he outlined on Tuesday how China fits in his father's 'America First' foreign policy and why lawmakers should unite behind the president's nominee for Pentagon policy chief. In an opinion piece for Human Events , a conservative US news outlet, the younger Trump urged Republican lawmakers to back long-time China hawk Elbridge Colby. Colby served in the Pentagon for about a year during Trump's first administration, where he advocated for strengthening military deterrence to prevent future conflicts – especially with Beijing. In December, Trump nominated him for the position of under secretary of defence for policy. While other Trump nominees have been confirmed or are in the process of getting green lights from the US Senate, a confirmation hearing has not yet been scheduled for Colby. Some Republican lawmakers are opposed to Colby's push for reduced involvement in the Middle East to focus on the threat that China poses. Trump Jnr argued in his piece that those opposing Colby were 'hostage to an ideological approach to foreign policy'. Elbridge Coby, Deputy Assistant Secretary of Defense, Strategy and Force Development, Department of Defense, poses for his official portrait in the Army portrait studio at the Pentagon in 2017. Photo: US Army 'When you consider that the American people would benefit most from a balance of power with China that avoids war, it makes perfect sense,' added Trump Jnr, who has reportedly replaced the president's son-in-law, Jared Kushner, in building support for some foreign policy figures in the new administration.
South China Morning Post
08-02-2025
- Business
- South China Morning Post
US tariffs on China face legal challenge, but not the taxes you might think
Khushboo Razdan in Washington Published: 1:00am, 9 Feb 2025 Donald Trump 's tariffs are being challenged. But not the ones you might think. As the recently inaugurated US president presses even more aggressive tariffs to address various national issues unrelated to trade , a legal challenge to the taxes he imposed on China in his first term has garnered fresh attention. Observers say lessons from the case may already be shaping Trump's tariff strategy, as he invoked emergency powers last week to order new levies on China, prompting Beijing to file a dispute with the World Trade Organization . They suggest the lawsuit's outcome, expected later this year, could significantly impact the US executive branch's ability to order tariffs. The tariffs at issue were applied to Chinese imports between 2018 and 2019 under Section 301 of the Trade Policy Act of 1974 in response to Beijing's retaliation against Trump's initial tariffs on Chinese goods worth US$50 billion. In September 2020, HMTX Industries, a Connecticut-based global manufacturer of vinyl tiles, filed a lawsuit arguing the US government unlawfully disregarded public comments and failed to assess the economic impact before imposing additional duties – ranging from 7.5 per cent to 25 per cent – on Chinese goods worth US$300 billion.
South China Morning Post
31-01-2025
- Business
- South China Morning Post
Trump to launch 25% tariffs on goods entering US from Canada, Mexico
Khushboo Razdan in Washington Published: 3:27am, 1 Feb 2025 US President Donald Trump will deliver on his often repeated trade threats on Saturday, imposing a 25 per cent tariff on goods entering the US from Canada and Mexico , alongside a 10 per cent tariff on imports from China , White House press secretary Karoline Leavitt said on Friday. 'The president will be implementing tomorrow a 25 per cent tariffs on Mexico, 25 per cent tariffs on Canada, and a 10 per cent tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans,' Leavitt told reporters at a White House press briefing. She described the tariffs as necessary, citing a failure by Canada, China and Mexico to adequately help the US address problems that have been long-running domestic political issues. 'Both Canada and Mexico have allowed an unprecedented invasion of illegal fentanyl that is killing American citizens, and also illegal immigrants, into our country', Leavitt added. The tariffs will stay in place until significant progress was made in halting the flow of illegal drugs and migrants into the US, according to the White House.
South China Morning Post
28-01-2025
- Business
- South China Morning Post
DeepSeek impact on US tech stocks could alter Washington's approach: analysts
Mark Magnier in New York and Khushboo Razdan in Washington Published: 7:36am, 29 Jan 2025 The earthquake that struck US tech stocks this week over the advance of Chinese artificial intelligence start-up DeepSeek is sending shock waves beyond Wall Street and Silicon Valley, threatening to alter Washington's sanctions, export bans and 'high-fence, small-yard' scheme that has irked Beijing. On Monday, the Nasdaq Composite Index retreated more than 3 per cent, led by a sharp fall in shares of chipmaker Nvidia and other leading American tech firms before recovering partially on Tuesday as investors absorbed the news. US-China analysts were divided as to whether the developments would hasten a tech decoupling of the world's two largest economies or sow greater partnership. Bilateral collaboration 'could provide opportunities for the US to learn from China's advancements and apply those lessons domestically', according to Yilun Zhang of the Institute for China-America Studies, a Washington-based think tank, even amid a challenging political reality. 'The themes of decoupling, export controls and investment screening will likely continue to dominate US policy,' Zhang said, as they would in China, others added. The jolt hit as soon as financial markets opened on Monday and after word spread that DeepSeek had created an open-source product comparable to its US competitors for what appeared to be a fraction of the cost.
South China Morning Post
27-01-2025
- Business
- South China Morning Post
Trump calls DeepSeek's strong showing a ‘wake-up call' for US tech
Khushboo Razdan in Washington Published: 8:15am, 28 Jan 2025 'Today and over the last couple of days, I've been reading about China and some of the companies in China, one in particular, coming up with a faster method of AI and much less expensive method. And that's good, because you don't have to spend as much money. I view that as a positive, as an asset', Trump told Republican lawmakers gathered at his Doral golf resort in Miami, Florida. He added: 'The release of DeepSeek AI from a Chinese company, should be a wake up call for our industries, that we need to be laser focused on competing to win, because we have the greatest scientists in the world'. Trump also pledged during his remarks that under his administration 'we're going to unleash our tech companies, and we're going to dominate the future like never before', telling American tech firms that 'you'll be doing that too, so you won't be spending as much, and you'll get the same result'. DeepSeek's AI reasoning model R1 was published fully open-source last week. The announcement sparked a sell-off in US tech stocks on Monday, with investors fearing that the new AI model could threaten the dominance of current leaders in the space. The market jitters were particularly severe for US semiconductor giant Nvidia, which saw a staggering US$592.7 billion drop in market value amid growing concerns over China's rapidly advancing AI technology.
