Latest news with #USChinaTensions
Bloomberg
3 days ago
- Business
- Bloomberg
Odd Lots: How a Trade War With China Could Become a Hot War
Tension between the US and China has been building for some time. But so far this has been limited to issues of trade. The US has imposed tariffs on China. It's imposed restrictions on technology exports. In turn, China has imposed some of its own tariffs, and also limited the export of things like rare earth metals. But historically speaking, many hot wars have their roots in some kind of trade-related tensions between nations. So the risk exists that a trade war one day becomes a hot war. So how does this happen, and how can it be avoided? On this episode, we speak with Dale Copeland, a professor of international relations at the University of Virginia. He discusses his theories of trade, and we discuss his most recent book, "A World Safe for Commerce: American Foreign Policy From the Revolution to the Rise of China," which specifically discusses the prospect for an outright US-China confrontation.
Time of India
6 days ago
- Politics
- Time of India
‘Trump Cozied Up To Xi': Democrat Raskin Lambasts President For Enabling CCP To Weaken US
Rep. Jamie Raskin sharply criticized Donald Trump for weakening America's soft power and aligning with autocratic leaders like Putin and Xi, accusing him of undermining national security and enabling foreign interference. During a congressional panel, trade experts warned that China is using U.S. courts to pursue political and commercial dominance through strategic, weaponized lawsuits—threatening American democracy, intellectual property, and the safety of dissidents.#TrumpChinaRussia #RaskinOnDemocracy #WeaponizedLawsuits #SoftPowerCrisis #ForeignInterference #AmericaVsAutocracy #USChinaTensions #PutinPraiseBacklash #TradeWarInCourt #DemocracyUnderThreat Read More
South China Morning Post
16-07-2025
- Business
- South China Morning Post
Hong Kong stocks power up on Nvidia resuming chip sales to China
Hong Kong stocks rose for a fifth straight day amid signs of easing US-China tensions after Nvidia said it would resume sales of some chips to China. Advertisement The Hang Seng Index advanced 1 per cent to 24,832.43 at 9.50am local time, the highest level since March 19. The Hang Seng Tech Index jumped 2.8 per cent. On the mainland, the Shanghai Composite Index and the CSI 300 Index were up 0.1 per cent. Online travel booking agency rose 2.8 per cent to HK$504, while search-engine leader Baidu surged 3.1 per cent to HK$90.35. E-commerce giant Alibaba Group Holding added 2.7 per cent to HK$116.60 and food-delivery service provider Meituan gained 1.3 per cent to HK$127.90. The laggards included chipmaker Semiconductor Manufacturing International Corporation, which dropped 1.2 per cent to HK$45.05. Chinese property developer China Overseas lost 1.2 per cent to HK$13.46 and peer Longfor Group slipped 1 per cent to HK$10.08. Nvidia CEO Jensen Huang on Wednesday will address the International Supply Chain Expo in Beijing, after the California-based chip designer said that it would sell its H20 chip – a less powerful, China-compliant alternative to its gold-standard acceleration chip – after receiving an assurance from the US government that export licences would be granted. Advertisement This is Huang's third visit to China this year. Nvidia gained 4 per cent to US$170.70 overnight in the US.
CTV News
11-07-2025
- Business
- CTV News
Rubio meets China's foreign minister in Malaysia as U.S.-Chinese tensions mount
U.S. Secretary of State Marco Rubio attends the East Asia Summit Foreign Ministers' Meeting at the Association of Southeast Asian Nations (ASEAN) Foreign Ministers' Meeting and Related Meetings at the Kuala Lumpur Convention Centre in Kuala Lumpur, Friday, July 11, 2025. (AP Photo/Vincent Thian) KUALA LUMPUR, Malaysia — U.S. Secretary of State Marco Rubio wrapped up his second and final day at a Southeast Asian security conference in a high-stakes meeting with his Chinese counterpart as tensions grow between Washington and Beijing over issues from trade to security and China's support for Russia's war in Ukraine. After discussions with regional countries at the Association of Southeast Asian Nations forum in Malaysia, Rubio on Friday ended his first official trip to Asia with his first face-to-face talks with Chinese Foreign Minister Wang Yi. Neither man nor the delegations spoke to journalists as they posed for photos at the top of the meeting. The meeting was held less than 24 hours after Rubio met in Kuala Lumpur with another rival, Russian Foreign Minister Sergey Lavrov, during which they discussed potential new avenues to jumpstart Ukraine peace talks. The meetings come against a backdrop of global and regional unease over U.S. policies, notably on trade and large tariffs that U.S. President Donald Trump has threatened to impose on friend and foe alike. While Rubio heard complaints about the tariffs from his Southeast Asian counterparts, he told reporters Thursday that many of them focused their discussion on security issues, their concerns about Chinese domination and desire for cooperation with the U.S. 'Of course, it's raised. It's an issue,' Rubio said. 'But I wouldn't say it solely defines our relationship with many of these countries. There are a lot of other issues that we work together on, and I think there was great enthusiasm that we were here and that we're a part of this.' However, Trump sees China as the biggest threat to the United States in multiple fields, not least technology and trade, and like previous U.S. presidents has watched the country greatly expand its influence globally while turning increasingly assertive in the Indo-Pacific, notably toward its small neighbors over the South China Sea and Taiwan. Trump has warned of massive tariffs that he could impose on Chinese exports to the United States and preliminary discussions between the two sides have yet to produce significant progress. Since former President Joe Biden was in office, the U.S. has also accused China of assisting Russia in rebuilding its military industrial sector to help it execute its war against Ukraine. Rubio said the Trump administration shares that view. 'I think the Chinese clearly have been supportive of the Russian effort, and I think that generally they've been willing to help them as much as they can without getting caught,' Rubio said Thursday, suggesting the topic would be discussed if he and Wang met. Rubio and Wang have been shadowboxing during the two-day ASEAN meeting, with each touting the benefits of their partnership to Southeast Asian nations. Rubio has played up cooperation, including signing a civil-nuclear cooperation agreement with Malaysia, while Wang has railed against Trump's threatened tariffs and projected China as a stable counterweight in talks with Southeast Asian counterparts on the sidelines. 'The U.S. is abusing tariffs, wrecking the free trade system and disrupting the stability of the global supply chain,' Wang told his Thai counterpart Maris Sangiampongsa, according the Chinese foreign ministry. In a meeting with Cambodian Deputy Prime Minister Prak Sokhonn, Wang said that the tariffs are 'an attempt to deprive all parties of their legitimate right to development.' 'In the face of turbulent global situation, China is willing to be Cambodia's trustworthy and reliable friend and partner,' he added. On Thursday, Wang and Lavrov met and delivered a subtle but unmistakable warning to the United States over Southeast Asia. 'Russia and China both support ASEAN's central role in regional cooperation, are committed to maintaining peace and stability in the Asia-Pacific region, and are wary of certain major powers creating divisions and instigating confrontation in the region,' they said, according to Russia's foreign ministry. But Rubio found support from Australian Foreign Minister Penny Wong, who said Friday that continued U.S. engagement was crucial for regional stability. 'We want to see a region where no one country dominates and no country is dominated,' Wong told reporters when asked about China's rising might in the region. 'We want to see a region where there is a balance of power... where there is no coercion or duress.' At the same time, Wong said Australia is committed to maintaining a stable relationship with China, noting that engagement remains the best path forward. ___ Associated Press writers Huizhong Wu in Bangkok and Eileen Ng in Kuala Lumpur, Malaysia, contributed to this report. Matthew Lee, The Associated Press
Bloomberg
20-06-2025
- Business
- Bloomberg
Globe Says Supply Chain Risks ‘Mitigated' Amid US-China Tensions
Philippine mobile leader Globe Telecom Inc. has mitigated supply chain risks with diversified Chinese and Western vendors, its chief executive officer said, as companies navigate US-China tensions. 'We are agnostic in a sense. We really focus on the business,' Globe Telecom CEO Carl Cruz said in an interview with Haslinda Amin at a Bloomberg Media Group event in Manila on Thursday, when asked about making a choice between China and the US.
