‘We are seeing a classic breakdown of the major monetary, political and geopolitical orders,’ says prominent billionaire investor Ray Dalio as the trade war spirals
Greater China
Chinese citizens are urged to carefully consider travel to the U.S. due to worsening bilateral economic ties and the ‘domestic security situation’ of the US
China’s Xinhua news agency described the US action as ‘naked extortion’ and logically ‘absurd’ and said China would not bend to threats
A new peer-reviewed study by Chinese seismologists found that parts of western China and the surrounding region are at greater risk of a devastating earthquake
The central government says it is well-prepared with ‘contingency plans with sufficient buffers and policy flexibility’
A spokesman for China’s foreign ministry has urged the US to resolve issues with trading partners rather than embarking on a globally damaging trade war
The rate matches US President Donald Trump’s so-called reciprocal tariff on Chinese goods, but this one has no exemptions
The lifting of the ‘de minimis’ rule will see low value packages from China and Hong Kong being hit with either a 30 percent tariff or a US$25 fee from 2 May
The cumulative rate on Chinese goods has now hit 54 percent, but analysts believe the policy will only lead to higher prices and slower growth in the US