Articles written by joe mcdonald
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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 s...
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 m...
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 c...
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 t...
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 Beijing...
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 j...
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 p...
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 a...
China vows 'same strength' measures against US tariffs
BEIJING (AP) — China on Wednesday vowed to impose measures of the "same strength" in response to a proposed U.S. tariff hike on $50 billion worth of Chinese goods in a spiraling technology dispute that has fueled fears it might set back the global e...
What's at stake in China-US trade dispute
BEIJING (AP) — Beijing has announced a $50 billion list of U.S. goods for possible tariff hikes in a spiraling technology dispute with Washington. That followed the release of a U.S. government list of Chinese goods targeted for punitive tariffs i...
China targets $3 billion of US goods in tariff spat
BEIJING (AP) — China announced a $3 billion list of U.S. goods for possible retaliation in a tariff dispute with President Donald Trump and girded Friday for a bigger battle over technology policy as financial markets sank on fears of global d...
Companies look to China's legislature for quicker reforms
BEIJING (AP) — Businesspeople are looking to China's ceremonial legislature for assurance President Xi Jinping is speeding up reforms aimed at making the cooling economy more productive as he prepares the country for a return to one-man rule. Next w...
China's modern Silk Road hits political, financial hurdles
BEIJING (AP) — China's plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan. Pakistan's relations with Beijing are so close that officials call China their "Iron B...
China's trade with North Korea plunges as sanctions tighten
BEIJING (AP) — China's trade with North Korea plunged 50 percent in December as U.N. sanctions imposed over Pyongyang's nuclear and missile development tightened, the government reported Friday. China accounts for nearly all of the isolated N...
Asian stocks rise after strong Wall Street week
BEIJING (AP) — Asian stock markets rose Monday following Wall Street's strong week as traders looked ahead to data releases from China, Japan and the Eurozone. KEEPING SCORE: The Shanghai Composite Index gained 0.1 percent to 3,396.94 and Seoul's K...
Chinese leaders promise more imports, less financial risk
BEIJING (AP) — Chinese leaders promised Wednesday to increase imports and reduce risks in their financial system amid slowing economic growth and pressure from Washington and Europe to open their markets wider. A statement issued after a three-day p...
Following Trump's report, China urges US to accept its rise
BEIJING (AP) — The Chinese government on Tuesday criticized U.S. President Donald Trump's decision to label Beijing a strategic rival and called on Washington to "abandon a Cold War mentality" and accept China's rise. Trump's decision reflects a "...
China suffers natural gas shortage as coal ban backfires
BEIJING (AP) — Chinese authorities have commandeered supplies of natural gas to heat homes, forcing chemical plants and factories to shut down, after efforts to clear smog-choked air by banning coal use backfired by causing energy shortages in f...
AP FACT CHECK: China-US business deals are largely gloss
BEIJING (AP) — A trade and investment package announced during President Donald Trump's visit to China is more about the art of diplomacy than the art of the deal. The package, said to be worth more than $250 billion, puts a symbolic gloss on f...
AP FACT CHECK: US-China trade package mostly about symbolism
BEIJING (AP) — A trade and investment package announced during President Donald Trump's visit to China is more about the art of diplomacy than the art of the deal. The package, said to be worth more than $250 billion, puts a symbolic gloss on f...
Xi urges stronger Chinese stand against 'grim' challenges
BEIJING (AP) — Chinese President Xi Jinping on Wednesday urged a reinvigorated Communist Party to take a stronger role in society and economic development to better address the nation's "grim" challenges as he opened a twice-a-decade national c...
China orders North Korean business closed under UN sanctions
BEIJING (AP) — China on Thursday ordered North Korean-owned businesses to close, cutting foreign revenue for the isolated North under U.N. sanctions imposed over its nuclear and missile programs. China is North Korea's main trading partner, making Be...
China postpones food import controls after global outcry
BEIJING (AP) — China has delayed enforcing sweeping new controls on food imports following complaints by the United States, Europe and other trading partners that they would disrupt billions of dollars in trade. Rules requiring each food shipment t...
China imposes limit on oil supply to North Korea
BEIJING (AP) — China announced Saturday that it will limit energy supplies to North Korea and stop buying its textiles under U.N. sanctions imposed over its nuclear and missile development, further reducing support from Pyongyang's last ally. Exports...
China has tools to pressure Kim but worries of consequences
BEIJING (AP) — China has the economic tools to pressure North Korea but fears pushing Kim Jong Un's government so hard it collapses. Though China has long been the North's main trading partner and diplomatic protector, Kim's nuclear and missile t...
