Tag: Trade war
Canada To Respond With All Its Might to Trump’s Tariffs: Trudeau
On Monday night, Donald Trump announced he was considering imposing 25% tariffs on Canada and Mexico. On Tuesday, Prime Minister Justin Trudeau warned that Canada is prepared to respond “with everything” to the 25% tariffs that U.S. President Donald Trump is considering implementing starting February 1. RELATED: Mexico Not To Become a ‘Third Safe Country’: […]
January 21, 2025
Trump Could Trigger Biggest Trade War in Decades, Canada Warns
Canadian FM Joly sought to explain ‘what is at stake’ in several meetings in Washington. On Friday, Canadian Foreign Affairs Minister Melanie Joly warned that the tariffs Donald Trump wants to impose on Canada would initiate the largest trade war between the two countries in decades. RELATED: Canadian PM Trudeau Outlines Retaliatory Tariffs Joly, who […]
January 17, 2025
Ontario Premier Ford Warns to Cut Power Supply if Trump Hikes Tariffs
The Canadian government is also considering an export tax on high-demand exports such as oil, uranium, and potash. On Thursday, Ontario Premier Doug Ford reiterated that his province could cut off electricity to the United States if President-elect Donald Trump imposes steep tariffs on Canadian goods. RELATED: Mexican President Sheinbaum Responds to Trump’s ‘Annexation’ Suggestion […]
December 13, 2024
Trump’s Trade War To Inflict Major Losses in California
Its agricultural exports could decline by as much as 25 percent, resulting in annual losses of up to US$6 billion. Economists have warned that U.S. President-elect Donald Trump’s proposed tariffs could trigger retaliatory measures, leading to significant losses for California’s agriculture industry. RELATED: Trump to Pardon MAGA Rioters Once in Office A recent analysis, published […]
December 9, 2024
China Responds to U.S. Trade War by Limiting Metal Exports
Chinese authorities banned the export of metals such as gallium, germanium, antimony, and graphites. On Tuesday, China announced that it will ban the export of key metals to the United States with potential military applications in response to the latest restrictions imposed by Washington to curb the Asian giant’s ability to develop advanced microchips. RELATED: […]
December 3, 2024
U.S. Imposes New Restrictions on Chinese Microchips
This policy contradicts Washington’s claimed stance of not seeking to decouple from China. On Monday, the U.S. government placed 136 Chinese semiconductor-related firms on its export blacklist, effectively barring American companies from engaging in one of the world’s most promising markets. RELATED: The U.S. Uses Taiwan to Increase Military Deployments: China This action undermines established […]
December 3, 2024
U.S. Export Curbs Are Undermining EU’s Chip Ambitions
The Washington-led campaign to restrict high-tech equipment exports, particularly to China, has disrupted ASML’s operations. Dutch semiconductor equipment maker ASML lost up to US$65 after its shares plummeted over 20 percent in just two days this week, primarily due to lower-than-expected 2025 sales and bookings. RELATED: China Files Complaint at WTO Over Canada’s Trade Protectionism […]
October 19, 2024
Xinjiang Resolution Combating US Sanctions Takes Effect
The imposition of US sanctions on Xinjiang companies amounts to political manipulation and economic intimidation. A resolution opposing a series of U.S. sanctions related to northwest China’s Xinjiang Uygur Autonomous Region and providing support for affected companies was unveiled and took effect on Monday. RELATED: Wang and Sullivan Hold New Round of China-US Strategic Communication […]
September 2, 2024
Russia-China Relations Favor Global Stability: Putin
Western attempts to slow down the Chinese economy are wrong, the Russian president pointed out. On Wednesday, during a media event organized by on the sidelines of the 2024 St. Petersburg International Economic Forum (SPIEF), President Vladimir Putin said that the development of Russia-China relations is conducive to world stability. RELATED: St. Petersburg Receives Venezuelan […]
June 6, 2024
Tariff War Against China May Backfire for the US: Rattner
On Thursday, The New York Times published an opinion piece stating that the United States’ new protectionist stance in the international trade will only raise prices, limit consumer choices and risk growth. RELATED: Chinese Military Drills Around Taiwan Are Legitimate: Wang The U.S. tariffs on Chinese electric vehicles and other products are mainly aimed at […]