US China Trade War | Pixr8 News

Huawei threat to national security, US not going to do business with them: Trump

10Aug By AnkitaNo Comments

USA

Huawei threat to national security, US not going to do business with them: Trump

Washington: US President Donald Trump on Saturday said America will not do any business with Chinese tech giant Huawei. The Trump administration believes that giving access to the state-controlled Huawei on 5G would risk America's national security. As such the US is not only denying Huawei access inside the country but also is asking other countries to follow suit. "We're not going to do business with Huawei. We're not doing business with them. And I really made the decision," Trump told reporters at the White House. "It's much simpler not to do any business with Huawei. So, we're not doing business with Huawei. That doesn't mean we won't agree to something if and when we make a trade deal, but we're not going to be doing business with Huawei," he added. US Senator Marco Rubio...

Trump threatens China of additional $200 bn Tariffs on Goods

19Jun By Lavina TolaniNo Comments

USA

Trump threatens China of additional $200 bn Tariffs on Goods

While the US-China Trade battle is heating over every day, President Donald Trump on Monday has threatened to impose tariffs on an additional $200 bn of Chinese goods amidst growing conflicts. The White House has said that if China is found going against its promise to retaliate against US tariffs announced last week, US will impose additional tariffs of worth 200 bn dollars on Chinese goods. In a statement that released Monday morning, Trump said, Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States. He also said that China has no intention of altering its unfair trade practices and is now threatening US companies workers and farmers who have done...

10May By Lavina TolaniNo Comments

CHINA

China’s ZTE Main Business Operations Cease after USA Ban

Chinese Multinational Agglomerate, ZTE was hit by a ban from Washington, forbidding U.S firms from supplying it with components and technology allegations of violating against U.S export restrictions by illegally shipping goods to Iran. The U.S ban which threatens to cut ZTE supply chain came amidst the heightened tensions over a possible China-U.S Trade War. The Chinese government too had raised the issue of the ban while visiting U.S trade delegation. In its exchange filings on Wednesday, ZTE said, "As a result of the Denial Order, the major operating activities of the company have ceased. As of now, the company maintains sufficient cash and strictly adheres to its commercial obligations subject in compliance with laws and regulations." The U.S. action which was first reporte...

21Apr By Lavina TolaniNo Comments

CHINA

China hits out at US after ZTE Ban

China on Friday hit out at the US for its perfectionist policies by imposing restrictions on its tech firms such as ZTE in the name of national security and said Washington was thinking and acting as a "bully". Hua Chunying, Foreign Minister said in her media interaction, We have noticed that the US has been making relevant moves "one by one" accusing China of technology theft and also exclaiming how Chinese products threaten its national security. Talking about the restrictions in high tech field Hua said that he believes that in the name of national security they are favoring protectionism.She further added, In China, a lot of people have iPhone. Do we think it poses a threat? But in the US, if some American consumers buy Huawei cellphone it is regarded as a national security threa...

11Apr By Lavina TolaniNo Comments

CHINA

China Vows to Open Economy, Reduce Auto Import Tariffs

Xi Jinping, President of China promised to lower down import tariffs on products including cars and open country's economy in a speech delivered on Tuesday over matters concerning around ongoing trade tensions between China and the United States. At present, a 25 percent import duty is levied on Chinese imports. In his address speech at Boao Forum for Asia, President said, "China's door of opening will not be closed and will only open wider." Going by the present market scenario, if a foreign company operating in China partners with a local manufacturer, former's stake will be limited to 50 percent of the joint entity. This can come off as a great news for Jaguar Land Rover, a subsidiary of Tata Motor's which are involved in selling Range Rover and other high-end models to China. ...