Hu Weijia May 02, 2025
CNN reported on Saturday that the US' 145 percent tariff on China "could crush American small businesses." John Arensmeyer, founder and CEO of Small Business Majority, said that US small businesses will have to raise prices, cut staff, delay growth plans or shut down entirely just to keep...More
Editor's Note: The US administration's decision to temporarily pause tariffs for most countries while keeping the import levies targeted at Chinese goods has frustrated small American traders who do businesses with China. Analysts have already predicted that the tariffs will soon cause irreversible damage to American businesses. Beth Benike...More
The implementation of US tariffs has further sparked domestic opposition as the negative impacts become more apparent, with American scholars and economists calling to "reject harmful tariff policies" along with multiple sectors already buckling under the strain. A Chinese expert on Sunday said that the intensified tariff-induced negative...More
A recent CNBC article spotlighted growing concern among investors regarding a potential exodus from US assets, as both US Treasury debt and the dollar experience a downturn. The April sell-off in financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and...More
"Though we are unaware of how bad it could get, we are holding our breath for what could come from it." In the heart of Muscatine, Iowa, 21-year-old Katharina Scholze, a full-time nanny, captures the growing unease that has gripped American consumers. "The price of eggs, seafood, sugar,...More
In recent days, the fallout from the US so-called "reciprocal tariff" policy has continued to intensify: The global financial market has fluctuated, panic buying and hoarding have taken hold among American consumers, and the international community has voiced strong condemnation. All of this once again underscores the unpopularity...More
On Thursday, China's countermeasures against the US took effect. China's Ministry of Foreign Affairs, Ministry of Commerce, and other departments once again issued a series of statements reiterating China's firm stance that, while China does not want to fight these tariff and trade wars, it is not scared...More
In the face of the US bullying behavior by using tariffs as a weapon to exert "maximum pressure" on all trading partners, China has firmly upheld the rules-based multilateral trading system by taking countermeasures, demonstrating its commitment as a responsible major country in maintaining fairness and justice in...More
The US government, under the guise of "reciprocity," has announced tariff hikes on all its trade partners, including China, provoking widespread outrage in the international community. The Chinese government's position on opposing the US abuse of tariffs emphasizes that the US has used tariffs as a tool for...More
Days after the US President Donald Trump announced sweeping "reciprocal" tariffs, the policy has witnessed more differences among US political circles while the country also saw protests erupt in dozens of cities against a series of controversial policies taken by the US administration amid public's serious concerns over...More
In response to the US abuse of tariffs against all its trading partners, including China, under various pretexts, the Chinese government released its position on opposing US abuse of tariffs. The statement clearly said that "pressure and threats are not the right way to deal with China" and...More
The legal battle against the Trump administration's WeChat ban will reach a federal appellate court if an upcoming hearing rules in favor of the US government, according to a non-profit group representing US WeChat users, which has insisted on a high-profile challenge against the ban since August. That...More
The prospects of the phase one trade deal have never been more puzzling. Right after media reports said that the Chinese government had told major state-run agricultural companies to halt purchases of US farm goods including soybeans and pork, state-owned companies reportedly purchased three cargoes of US soybeans...More
Apparent reluctance among US officials to remove tariffs on China to help vast US businesses and consumers cope with the economic fallout of the coronavirus pandemic on concerns that such a move would benefit China more is misguided, and will undoubtedly cripple US firms at such a difficult...More
Beijing. The China-proposed Belt and Road Initiative (BRI) has greatly boosted China's foreign trade, achieving major progress in Europe and Asia and also cushioned the negative impact brought on by the US-initiated trade war, Chinese analysts said over the weekend. Beyond foreign trade, the BRI, as a way...More