China

Economic Watch: Trade tension hurts U.S. consumers, say firms

GUANGZHOU/SHANGHAI, July 7 (Xinhua) -- Companies from China and the United States are concerned about the impact of trade tensions between the world's top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday.

China's customs authority announced that additional tariffs for some imports from the United States worth the same amount, including agricultural products, vehicles and aquatic products, also took effect on the same day.

$34 billion tariff on US goods, but China “will not fire the first shot”

US and China have threatened to impose billions in tariff on 6 July, but China’s finance ministry issued a statement on Wednesday saying that it would not be the first to impose the levy.

“The Chinese government’s position has been stated many times. We absolutely will not fire the first shot, and will not implement tariff measures ahead of the United States doing so.”, stated the ministry.

US military pilots blinded by lasers in East China Sea

Jun 22, 2018

US has accused China for targeting its military pilots with lasers. According to US military sources, some 20 such attacks have been made on its aircrew operating in the East China Sea and Djibouti, since September last year, with the one being in the past fortnight.

Aviation Week has quoted a US Marine source as saying the attacks had come from “a range of different sources, both ashore and from fishing vessels”.

Chinese military sends a 'BACK OFF' message to US

April 18, 2018

The Chinese military is scheduled to hold live-fire drills in the Taiwan Strait on Wednesday — a clear warning to Taipei about seeking independence or closer ties with Washington.

Taiwan is a self-ruled island republic, but China sees it as a breakaway province that should be brought back into the fold and has not ruled out reunification by force.

China to impose additional 50 bln USD tariffs on U.S. imports

Source: Xinhua| 2018-06-16 03:07:52|Editor: Mu Xuequan

BEIJING, June 16 (Xinhua) - China has unveiled a list of products from the United States that will be subject to additional tariffs in response to U.S. announcement to impose additional duties on Chinese imports.

Approved by the State Council, the Customs Tariff Commission of the State Council has decided to impose additional duties of 25 percent on 659 items of U.S. products worth about 50 billion U.S. dollars.

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