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 […]

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 […]

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 […]

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 […]

German Chancellor Olaf Scholz and Swedish Prime Minister Ulf Kristersson have cautioned against tariffs on Chinese electric vehicles (EVs) following Washington’s announcement of hefty levies. RELATED:  High Tariffs on Chinese Electric Vehicles Hurt US Consumers Scholz and Kristersson expressed reservations about possible European tariffs on Chinese EVs when asked at a press conference whether they […]

Some Western media believe that the White House’s decision on Tuesday to increase the tariffs on Chinese electric vehicles (EVs) imports from some 25 percent to 100 percent will hurt U.S. climate goals, industrial competitiveness, and consumer interests. RELATED:  The US Aims Its Trade War Towards Chinese Electric Vehicles “U.S. consumers mostly haven’t realized how […]

On Tuesday, the White House unveiled new tariffs on imports of electric vehicles, solar cells and other clean-energy products from China, in a protectionist move widely believed to imperil the American ambition to enhance competitiveness and slash carbon emissions. RELATED: TikTok Sues US Government to Block Potential Ban According to the plan, the tariffs on […]

On Tuesday, TikTok and its Chinese parent company ByteDance filed a legal challenge against the U.S. government over a law forcing ByteDance to sell off the ultra-popular app or face a nationwide ban in the country. RELATED:  US TikTok Ban Is a Case of Digital Protectionism U.S. President Joe Biden signed a TikTok ban bill […]

Carme Ferre-Pavia, a professor of communication studies at the Autonomous University of Barcelona, said that a potential ban in the United States of the TikTok social media app owned by Chinese tech firm ByteDance is “a case of digital protectionism.”  RELATED: US House of Representatives Votes Bill to Ban TikTok “This is a case of […]

The overcapacity argument risks being an excuse for protectionism, said Nicholas Lardy, a senior fellow at Washington D.C.-based think tank the Peterson Institute for International Economics (PIIE), calling the idea of excess capacity “potentially dangerous.” RELATED:  The United States Aggravates Global Crises: Zakharova “This overcapacity idea is that you shouldn’t produce more than you can […]