Beijing has blasted US President Donald Trump’s claims that China is a “currency manipulator,” and promised to halt the import of US agricultural goods after the White House announced plans to slap 10 percent tariffs on $300 billion of Chinese imports from September.
The Trump administration is putting the US on a dangerous course by not assessing the long-term risks in the ongoing trade war with China, analysts told RT as tensions flare between the world’s biggest economies.
Donald Trump made it a banner promise of his presidency to stop the US being abused as the world’s “piggybank” – but not all foreign powers seem to be cowed into submission by his assertive style of foreign economic policy.
Earlier this month, a report by the Information Technology and Innovation Foundation issued a warning that a clampdown on US tech exports would put as much as $56 billion in export revenue and 74,000 jobs at risk over the next five years.
Newly surfaced cellphone footage captures the moment in which a passenger aboard a Los Angeles-bound American Airlines flight on Sunday opted to lay hands on her partner, who reportedly had wandering eyes.
Huawei has laid off around 70 percent of staff at its Futurewei Technologies research arm in the US. Despite recent signals that Washington was easing pressure on the Chinese tech giant, the ban is still in force.
The leader of the world’s container port rankings, Yangshan Port, works around the clock to secure its top position and boost China’s trade connections. RTD’s new film offers a glimpse inside the massive facility.
Huawei is spearheading the quantum communication technology in a bid to build “unhackable” networks. Cyber security experts have discussed whether the tech giant’s efforts would make US eavesdropping techniques, once described by Edward Snowden, obsolete.
The trade volume between Russia and China is expected to continue to accelerate and reach new heights, doubling the current record level of $108 billion, the Russian economy ministry says.
Chinese telecom giant Huawei has secured more than 50 commercial contracts for 5G across the world, according to the company’s board member and Senior Vice President Catherine Chen, who was cited by news agency Xinhua.
Iranian forces came to the aid of an oil tanker stranded in the Persian Gulf, a foreign ministry spokesman has said. The tanker is presumed to be the same Panama-registered vessel missing from radar screens since Saturday.
The president earlier threatened to slap tariffs on the remaining $300 billion in Chinese goods coming into the United States unless Chinese President Xi Jinping agreed to meet with him at the G20 meeting in Osaka, Japan to hammer out a trade deal favourable to Washington.
he world’s largest air carrier, American Airlines, has become the first major US airline to buy 50 long-range, single-aisle A321XLR jets from Airbus as Boeing is tries to win back customers’ trust after two recent crashes.
The worsening trade conflict between the world’s two largest economies, the United States and China, could send the global economy into recession within three fiscal quarters, research by investment bank Morgan Stanley has found.
China has managed to outperform the US and the UK in a German ranking of the world’s most reliable trade partners, compiled from the latest survey of 2,000 German companies by Frankfurt-based Commerzbank.