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South China Morning Post
6 days ago
- Business
- South China Morning Post
Trump's tariff setback, US to ‘aggressively' revoke China student visas: SCMP daily highlights
Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing A US court order blocking President Donald Trump's 'Liberation Day' tariffs marks a setback for the US leader, but is unlikely to provide China and other American trading partners with more than a temporary reprieve, analysts said. US Secretary of State Marco Rubio said on Wednesday that the United States will start 'aggressively' revoking visas issued to Chinese students, and will 'enhance scrutiny' of applications from mainland China and Hong Kong. Wu Xinbo, professor and dean at the Institute of International Studies at Fudan University, says Beijing should be prepared for a possible shift in Washington's negotiation tactics in the next phase. Photo: AP Beijing should be ready for Washington to adopt alternative pressure tactics in future tariff negotiations, according to a renowned Chinese scholar who noted that the Trump administration had recognised the limitations of imposing heavy tariffs.
South China Morning Post
6 days ago
- Business
- South China Morning Post
More cards to play: scholar sees Trump moving beyond tariffs as tactic with China
Beijing should be ready for Washington to adopt alternative pressure tactics in future tariff negotiations, according to a renowned Chinese scholar who noted that the Trump administration had recognised the limitations of imposing heavy tariffs. Wu Xinbo , dean of the Institute of International Studies at Fudan University in Shanghai, said that while US President Donald Trump might continue using tariffs as a negotiating tool, he was likely to show more restraint after seeing their mixed results. 'Trump came to understand that while tariffs had limited impact on China, they carried significant side effects for the US. Although he would continue to use tariffs, he would definitely exercise more restraint going forward, avoiding the extremes seen in the first phase,' Wu said in an interview. 'That's why we also need to be alert to the possibility that he may play other cards – because once he saw the limitations of the tariff card, he could start considering alternative cards,' he said. 05:19 How are Chinese citizens feeling the effects of the US-China tariff war? How are Chinese citizens feeling the effects of the US-China tariff war? Such measures could relate to science, diplomacy and security, Wu said.
Time of India
21-05-2025
- Business
- Time of India
U.S.-China trade truce has blown up again, and Huawei is at the center of it; here's how the situation could pan out
China warned that anyone who helps the US restrict Huawei's chips could face legal trouble under China's Anti-Foreign Sanctions Law. China didn't say what kind of punishment people or companies would get if they break this law. China's Commerce Ministry said this in a statement on Wednesday. This warning comes at a time when China is trying to improve relations with the US, so it adds tension, as per Bloomberg report. The US said that using Huawei chips in any country would go against its rules, as per reports. But later, the US removed the line about "anywhere in the world", making the rule less clear. China believes that past US actions against chips during Trump's time hurt recent trade talks in Geneva, as per China's official stand mentioned in Bloomberg. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Never Put Eggs In The Refrigerator. Here's Why... Car Novels Undo Wu Xinbo, a professor at Fudan University in Shanghai, said this new step from China shows that talks between the two countries are still going on, at least at a working level. Wu also said the challenge now is to keep the positive vibe from the Geneva talks alive and maybe even have high-level talks next month. Vice Foreign Minister Ma Zhaoxu told David Perdue, the new US ambassador chosen by the Trump administration, that the Dragon is very much interested in fixing ties and collaborating economically with the United States , as per reports. The statement showing eagerness to engage by China came on the same day on which threats were issued by it for boycotting Huawei. Live Events But even after the truce, many big tariffs are still in place on Chinese goods. China is trying to keep the talks going, even though there are big fights still going on about US tech restrictions and China's control over rare minerals. There's also a serious issue where the US says China is linked to fentanyl entering the US, and wants China to help stop it, as per Bloomberg report. Graham Webster, from Stanford University's DigiChina project, said the tariffs and tech fights are kind of separate issues with different logic. He also said if the US and China ever make a bigger trade deal, then the tech rules might also be discussed, as per the reports. FAQs Q1. Why is China angry about Huawei chip rules? China says US chip restrictions are unfair and hurt trade talks. Q2. Are the US and China still talking? Yes, they are still having meetings to improve relations.
South China Morning Post
15-05-2025
- Business
- South China Morning Post
China's trade stand pays off but more clashes with US to come, analysts warn
While the White House is touting last weekend's agreement with China to pause tariff increases as a 'historic win in trade', observers say the deal validates Beijing's strategy. Diplomatic observers said the US-China agreement to roll back tariffs on each other's goods by 115 per cent represented success for Beijing's defiant strategy against 'economic bullying', and also offered some early experience on how to deal with President Donald Trump 2.0 over the next four years. However, they cautioned that the 90-day truce would not avoid long-term confrontations and called for early preparation to deal with the persisting sticking points and structural divide in bilateral ties. Wu Xinbo, dean of the Institute of International Studies at Fudan University in Shanghai, said that if Beijing had not stood firm in the fight, 'we would not have such a result, and China would have had to sacrifice a lot'. 'It's best not to harbour any illusions, as Trump's combative volatility and reckless behaviours that disregard consequences are very dangerous,' he added. While Trump frequently discussed tariffs during his election campaign, the 125 per cent reciprocal tariff imposed on Chinese products after April 2 was unprecedented and significantly hampered trade between the two nations.
Business Times
02-05-2025
- Business
- Business Times
China says open to US trade talks offer but wants tariffs scrapped
[BEIJING] China said on Friday (May 2) it is evaluating a US offer for negotiations on tariffs but insisted Washington must be ready to scrap levies that have roiled global markets and supply chains before talks can begin. Punishing US tariffs that have reached 145 per cent on many Chinese products came into force in April while Beijing has responded with fresh 125 per cent duties on imports from the US. High-end tech goods such as smartphones, semiconductors and computers have received a temporary reprieve from US tariffs. US President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs, and this week said he believed there was a 'very good chance we're going to make a deal'. Beijing's commerce ministry on Friday said that it was the US that had reached out and that it was 'currently evaluating' the offer. But, it said, any talks would first require concessions from the US side. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'If the US wants to talk, it should show its sincerity to do so, be prepared to correct its wrong practices and cancel unilateral tariffs,' the ministry said. 'In any possible dialogue or talks, if the US side does not correct its wrong unilateral tariff measures, it just means the US side is completely insincere and will further damage the mutual trust between the two sides,' it added. 'Saying one thing and doing another, or even attempting coercion and blackmail under the guise of talks will not work,' the commerce ministry said. Wu Xinbo, director of the Center for American Studies at Shanghai's Fudan University, said that Beijing would likely play hardball. 'Of course the US hopes to start negotiations as soon as possible, but our attitude is: 'you must first take some action to show sincerity',' Wu told AFP. Once the US revokes tariffs on China, 'we can discuss our legitimate concerns', such as Washington's worries about unbalanced bilateral trade and Beijing's gripes over US efforts to 'suppress' its technological development, he said. Dozens of countries face a 90-day deadline expiring in July to strike an agreement with Washington and avoid higher, country-specific rates. Beijing, in contrast, has vowed to fight a trade war to the bitter end if needed, with a video posted on social media this week by its foreign ministry vowing to 'never kneel down!'. 'China's position has always been perfectly consistent,' the commerce ministry said Friday. 'If it's fight, we will fight to the end; if it's talk, the door is wide open. The tariff war and trade war were unilaterally initiated by the US side.' 'Olive branch' China has acknowledged global economic vicissitudes have strained its economy, long dependent on exports, with officials admitting that foreign-facing firms are facing difficulties. Data this week showed factory activity shrank in April, with Beijing blaming a 'sharp shift' in the global economy. And on Wednesday data showed the US economy unexpectedly contracted in the first three months of the year Donald Trump's tariff plans triggered an import surge. The US also ended tariff exemptions on Friday for goods shipped from China worth less than US$800, a move which could have significant ramifications on consumers' purchasing habits. Ja-Ian Chong of the National University of Singapore said it remained unclear whether any progress can be made, despite the mounting economic need for both sides to make a deal. 'Neither side wishes to look weak,' he said. Analyst Stephen Innes at SPI Asset Management said Beijing's latest comments represented the 'first olive branch' in the gruelling trade war. 'On paper, both capitals are waving detente flags,' he wrote in a note. 'But dig a layer deeper, and the path is still littered with landmines,' he said. 'China's pledge to fight 'to the end' wasn't retired – just shoved behind softer soundbites – and the 'cancel duties first' stick remains a non-starter for the White House.' AFP
