A month before his official inauguration, Donald Trump is already tossing diplomatic grenades in China’s direction. It is a sign of things to come. 2017 is shaping up to be a highly eventful, taut and precarious year for China-U.S. relations. This is partly due to a simple scheduling coincidence.
While China is nowhere close to meeting the current criteria to be labeled a currency manipulator nation, incoming U.S. President Donald Trump and his administration may choose to label China a manipulator in order to bring it back to the trade negotiations table, according to a report by BofA Merrill Lynch Global Research. It is increasingly difficult to dismiss concerns that President-elect Trump will adopt protectionist trade policies. In recent Twitter posts, Mr. Trump disapproved of the yuan’s depreciation and implied …
Alibaba said Monday it would create one million jobs in the U.S. in five years by helping small businesses sell products and services to China, the world’s largest consumer market, and across the rest of Asia.
Chinese sovereign wealth fund China Investment Corporation (CIC), with over US$800 billion under management, plans to invest in infrastructure projects in the U.S. as President-Elect Donald Trump calls for a fiscal expansion package to stimulate the world’s largest economy.
Companies in China’s manufacturing hub of Shenzhen are already having to adjust to higher labor costs, electricity bills and taxes, but many say restrictive trade policies threatened by U.S. president Donald Trump are their primary concern for 2017.
U.S. President Donald Trump has blocked a Chinese-backed investor from buying American chip maker Lattice Semiconductor Corp., only the fourth time in a quarter century that a U.S.president has banned a foreign takeover of an American firm on national security grounds.
Chinese investors overseas just can’t seem to get a break. First, the Chinese government strengthened its grip on overseas deals to slow capital outflows. Now, the U.S. government under president Donald Trump appears more protectionist than ever, blocking a growing list of Chinese investments in the U.S. in the name of protecting American business and security interests.
The U.S. government under Donald Trump has published a list of about 1,300 Chinese exports that could be hit with 25% tariffs. The tariffs would apply to about US$50 billion worth of goods, ranging from electric cars to education material.