US Treasury Secretary Scott Bessent has expressed optimism about de-escalating trade tensions with China, saying current tariffs are unsustainable
Greater China
Temu and Shein have dramatically reduced the amount of ads they buy on US social media amid Washington’s trade war on China
An editorial in the China Daily says Washington is ‘taking a free ride on the globalisation train’ and calls on the US to stop its ‘destructive behaviour’
China’s economy recorded 5.4 percent growth in the first quarter, surpassing market expectations as shipments were quickly dispatched to avoid new tariffs
Fresh imports from the US planemaker as well as US-made aircraft parts are reportedly being barred from entering China
The study also covered pros and cons of using AI in scientific research, emphasising the need for better policy making by governments
The call came after Washington exempted many of the highest-value Chinese imports from the 145 percent duty, in what is being seen as an embarrassing climb down
‘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
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