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Articles written by Joe Mcdonald

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Why tariff war threatens Beijing's global economic ambitions

BEIJING (AP) — China's intensified tariff war with the Trump administration is threatening Beijing's ambition to transform itself into the dominant player in global technology. The United States is a vital customer and source of technology for...

 

China vows retaliation if Trump raises tariffs

BEIJING (AP) — Ratcheting up tension ahead of talks in Washington, China vowed Thursday to defend its own interests and retaliate if President Donald Trump goes ahead with more tariff hikes in a dispute over trade and technology. Beijing will...

 

China considers legal changes on technology to placate US

BEIJING (AP) — In an unusual step, China's ceremonial legislature is due to endorse a law meant to help end a bruising tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology. The battle with...

 

Survey: American companies worry US-Chinese ties will worsen

BEIJING (AP) — American companies want President Donald Trump's negotiations with Beijing to win them real improvements in their access to Chinese markets, not just a smaller overall U.S. trade deficit, a business group said Tuesday. Companies...

 

China accuses US of trying to block its tech development

BEIJING (AP) — China's government on Monday accused the United States of trying to block its industrial development after Vice President Mike Pence said Chinese equipment poses a threat to countries that are rolling out next-generation mobile...

 

Trump says he might extend deadline in US-China talks

BEIJING (AP) — President Donald Trump said that "there's a possibility" he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal. Trump made the remarks after two days of high-level negotiations...

 

US-China trade talks wrap up, with outcome unclear

BEIJING (AP) — Uncertainty over the outcome of China-U.S. trade talks cast a pall Thursday over Asian markets as both sides kept mum about what lies ahead. Most Asian markets opened lower after the talks wrapped up the day before without clear...

 

China upbeat ahead of US trade talks, but differences large

BEIJING (AP) — China has sounded a positive note ahead of trade talks this week with Washington, but the two sides face potentially lengthy wrangling over technology and the future of their economic relationship. Both sides have expressed an...

 

Why slowing economies could prod US and China to reach deal

WASHINGTON (AP) — The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness. The import taxes the two sides have imposed on...

 

Huawei calls on US, others to show proof of security risk

DONGGUAN, China (AP) — The chairman of Huawei challenged the United States and other governments to provide evidence for claims the Chinese tech giant is a security risk as the company launched a public relations effort to defuse fears that...

 

China suspends tariff hikes on US cars, auto parts

BEIJING (AP) — China announced a 90-day suspension on Friday of tariff hikes on U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The suspension is China's first step...

 

China and US discuss plans for trade talks

BEIJING (AP) — China's economy czar and U.S. trade envoys discussed plans for talks on a tariff battle, the government said Tuesday, indicating that negotiations are going ahead despite tension over the arrest of a Chinese tech executive. Vice...

 

China, US discuss plans for trade talks

BEIJING (AP) — China's economy czar and the U.S. Treasury secretary discussed plans for talks on a tariff battle, the government said Tuesday, indicating negotiations are going ahead despite tension over the arrest of a Chinese tech executive....

 

Darkening clouds start to overhang global economic expansion

WASHINGTON (AP) — After galloping along for the past two years, the global economy is showing signs of weakening, with the United States, China and Europe all facing the rising threat of a slowdown. Few economists foresee an outright global...

 

Chinese leaders struggle to dispel stock market gloom

BEIJING (AP) — Lu Yushan, a retired salesman, has advice for investors in China's slumping stock market: Sell. Lu's shares soared over the past decade. But the 65-year-old cashed out this year, driven away by plunging prices, insider trading...

 

China's trade surplus with US hits record $31 billion

BEIJING (AP) — China's trade surplus with the United States widened to a record $31 billion in August as exports surged despite American tariff hikes, potentially adding fuel to President Donald Trump's battle with Beijing over industrial policy....

 

China announces $60B of US goods for tariff retaliation

BEIJING (AP) — China said Friday it is poised to impose retaliatory tariffs on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals, if Washington goes ahead with its latest trade threat. China's Finance Ministry...

 

EU official urges Trump, Putin not to destroy global order

BEIJING (AP) — A senior European Union official on Monday urged President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos. European Council President Donald Tusk was...

 

Tesla announces deal for Shanghai factory

BEIJING (AP) — Electric car producer Tesla will build its first factory outside the United States in Shanghai under an agreement signed Tuesday, becoming the first wholly foreign-owned automaker in China. Tesla Inc.'s announcement comes amid...

 

X-rays and soy on front lines of US-China trade spat

BEIJING (AP) — President Donald Trump is hiking the price of Chinese-made forklift trucks and X-ray machines for American buyers. They are part of a $50 billion list of Chinese exports targeted for a 25 percent tariff hike in response to...

 

US commerce secretary in Beijing for talks on trade surplus

BEIJING (AP) — U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China's promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese high-tech exports. The...

 

China says trade deals are off if US raises tariffs

BEIJING (AP) — China has balked at stepping up its purchases of American products, raising the odds of a trade war, if President Donald Trump follows through on his threat to tax billions of dollars' worth of Chinese imports. The warning from Beiji...

 

China president's conciliatory trade gesture raises optimism

BEIJING (AP) — Investors and China watchers welcomed President Xi Jinping's pledge Tuesday to open his country's market wider to foreign competition, hoping it will ease a trade dispute with Washington that has unsettled financial markets and could...

 

China-US tariff spat: Mostly losers, but some winners too

BEIJING (AP) — China's threat to raise tariffs on U.S. exports could be a disaster for American soybean farmers but a boon to their Brazilian and Argentine competitors, European aerospace companies and Japanese whiskey distillers. Regulators...

 

Escalating US-China trade dispute heightens global concerns

WASHINGTON (AP) — An escalating trade dispute between the world's two biggest economies heightened fears Wednesday of a global trade war, sent global stock markets tumbling but also left the door open to a negotiated settlement that might prevent...

 

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