China

The U.S. and China are engaged in renewed trade negotiations following a sharp escalation in tariffs — with the U.S. imposing duties of up to 145% on Chinese goods and China responding with 125% tariffs on American imports. These moves have disrupted global supply chains and heightened economic...

For the first time since the COVID pandemic, zero cargo ships are on their way from China to the two primary ports in California. This sudden halt in trade comes in the wake of the Trump administration imposing substantial tariffs on Chinese imports. What Happened: According to a report, no cargo...

President Donald Trump has expressed a readiness to drastically cut U.S. tariffs on Chinese imports, hinting at a potential 80% tariff as the new rate. What Happened: President Trump is considering a significant reduction in tariffs on Chinese goods. This move is interpreted as an effort...

NIO Inc. (NYSE:NIO) shares saw modest gains on Friday. The electric vehicle maker reportedly revealed plans to refresh several of its key models. The company confirmed it will begin accepting pre-orders on Saturday, May 10, for updated versions of its ES6 SUV, EC6 coupe SUV, and its ET5 and ET5...

China has expressed full confidence in its ability to manage U.S. trade issues as officials from both nations prepare for crucial weekend talks in Switzerland, marking the first major face-to-face negotiations amid the ongoing trade war. What Happened: “We have no fear,” Chinese Vice...

Prominent economist Mohamed A. El-Erian has highlighted potential “adverse implications” for domestic industries following a surprisingly strong surge in China’s exports for April. In a post on X, El-Erian noted that China’s exports jumped by 8% in April, significantly...

Nvidia Corporation (NASDAQ:NVDA) is reportedly redesigning its H20 artificial intelligence chip for the Chinese market after U.S. export controls effectively blocked the original version, with plans to launch the modified chip as early as July. What Happened: Nvidia has notified major Chinese...

U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor appetite for riskier assets. The S&P 500 jumped 1.3% to close at 5,700, led by...

As India and Pakistan escalate military conflicts this week, the U.S. and China find themselves playing a pivotal role in the arms trade in South Asia. Records show that India is increasingly purchasing military equipment from the U.S. and other Western suppliers, while Pakistan is turning to China...

Economist Brad Setser is raising concerns regarding the quiet shift in how China reports its trade surpluses, a change he says is masking billions of dollars in unreported income and capital outflows. What Happened: On the Keeping It Simple webinar series on Tuesday, Setser, a former staff...

President Donald Trump stated, on Wednesday, that he has no intention of easing the 145% tariff on Chinese imports. What Happened:  During an Oval Office press session, he was asked about the possibility of reducing tariffs, to which he replied, "No,” reported The Hill. In April, the Trump...

Media and theme park giant Walt Disney Co (NYSE:DIS) is headed to Abu Dhabi, United Arab Emirates, with a new theme park coming. The new theme park resort set for Yas Island will be the seventh major theme park under the Disney name. Here's a look back at Disney's past theme park openings and how...

Zeekr Intelligent Technology Holding Ltd. (NYSE:ZK) shares are trading higher on Wednesday. Geely Automobile Holdings announced a proposal to take its electric vehicle subsidiary, Zeekr Intelligent Technology Holding, private, per a filing on the Hong Kong Exchange. The offer, disclosed on May 7,...

As Wall Street gears up for Federal Reserve Chair Jerome Powell's press conference on Wednesday at 2:30 p.m. ET, all eyes are on his messaging rather than the central bank’s policy action. The Fed is widely expected to hold interest rates steady at 4.25%-4.50% for a third consecutive meeting...

As the U.S. and China move toward initiating trade talks, this expert says that China could use “geopolitical game theory” by selling all its U.S. holdings, which could force the administration to cave in without any negotiations. What Happened: According to economist Craig Shapiro, the...