China has hiked tariffs on America to 125 per cent but declared it would not lift them further, ending Beijing’s tit-for-tat response with Washington even as the world’s two biggest economies look for fresh ways to harm each other.
China’s leader has a historical obsession so chilling that, as with the US President’s most shocking statements, many hope it is not meant to be taken literally.
Latest travel figures show just how far America has slumped on the list of destinations Australians book for international trips.
Beijing has slashed the number of Hollywood films it will allow to screen and Washington hiked tariffs on parcels carrying goods from Chinese retailers, as Xi and Trump continue their bruising trade war.
The meteoric popularity among American shoppers of China-founded app Shein was greatly helped by duty-free shipping of its ultracheap fashion.
After ambiguity about how he might deal with Beijing, Donald Trump has hit it with the economic equivalent of a baseball bat. This potential cycle of escalation carries huge risks.
The ASX 200 trimmed a big intraday fall as US stock index futures and US Treasuries reversed early losses. Asian stocks are mixed with the Nikkei 225 down 3 per cent and the Hang Seng index turning up 1.3 per cent. Xi Jinping will visit Vietnam, Malaysia and Cambodia next week for a response to Trump’s 145 per cent tariff war.
US stock declines accelerated after the White House said tariffs imposed on China add up to 145 per cent and a former Fed boss called Trump’s shifting policy the worst hit to a well-functioning economy.
Tianmen is betting big on a revival. But whether its hefty incentives caused a 17pc rise in births is debated.
In his tariff warfare, it is likely Donald Trump has seriously underestimated the strength and resilience of China.
Governments that held back in reaction to Trump’s tariffs see the pause in the trade war as vindication.
Anthony Albanese and Peter Dutton are promising big business they will rebuff any push for nations to take a tougher economic approach to Beijing.
Pacific Island nation’s President calls on China to respect his country’s sovereignty while outlining his government’s battle against a flood of China-linked crime syndicates targeting Palau.
Trump may think he’s shocking the neighbourhood into submission by normalising trade aggression, but this is a tactic Southeast Asia is familiar with. China has been playing this game for years.
Beijing is preparing a stimulus package and further retaliation after Donald Trump’s new 125 per cent tariff on Chinese imports went into effect, as Xi Jinping shows no sign of accepting the American president’s offer to ‘do a deal’.
Anthony Albanese says Australia is committed to negotiating with Donald Trump on tariffs, but rebuffed China’s offer to “hold hands” in fighting against the measures.
Xi Jinping and his council of yes-men have made a series of epic blunders over the past six days – and they look poised to make China’s disaster even worse.
Declining approval numbers, dropping consumer confidence, a falling stock market, growing talk of a recession – all in fewer than 100 days. Trump is smart to take an off-ramp by cutting tariff deals.
Just as Australia remains grateful for the US defence umbrella, it makes sense for Donald Trump to recognise the new relationship. Let’s talk about it.
The latest twist in Donald Trump’s tariffs war has led to China reaching out to Australia, in another distraction for the leaders on the campaign trail.
Technology and mining stocks lead surge on local bourse. US futures point down after Wall Street’s historic session as Chinese leaders meet to respond to Trump’s 125 per cent hit.
Donald Trump has reduced levies for US trading partners to a ‘baseline’ rate of 10 per cent, but slapped even higher levies on China.
The US President’s ‘switch-a-roo’ on his reciprocal tariff program because investors were ‘getting a bit yippy’ has delivered in spades with the major indexes recording historic jumps. The Nasdaq rose 12 per cent, its best day in 24 years.
In the years since Trump’s first trade war with China, Beijing has built an arsenal of tools to hit the US where it hurts. Now it’s ready to deploy them in full.
US-China breakdown suggests wild ride on tariffs is far from over.
China has denied military involvement in Ukraine after Kyiv said it captured two Chinese citizens.
CSL is in the crosshairs of Donald Trump’s tariff regime after the President declared pharmaceuticals were not immune.
A quiet revolution has been unfolding on the island nation of Palau that has seen the dismantling of Chinese-run illegal gambling, online scam operations, drug smuggling, and money laundering networks.
US trade representative Jamieson Greer has lashed out at Australian non-tariff trade barriers as Donald Trump pushed ahead with tariffs on China and flagged pharmaceuticals were next.
There’s a new pain threshold being calculated by global markets, and it’s getting to the point where the winner really will take all.
Original URL: https://www.theaustralian.com.au/topics/china-ties