President Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked on Wednesday afternoon in the face of financial turmoil, particularly a rapid rise in government bond yields that could …
A dizzying escalation of tariffs has unraveled a trade relationship between the United States and China forged over decades, jeopardizing the fate of two superpowers and threatening to drag down the world economy. The brinkmanship displayed by the two countries has already far exceeded the battles they waged during President …
China responded quickly to Trump’s tariffs, but its countermeasures were limited in scope. US President Donald Trump on Wednesday paused sweeping tariffs on most nations—but pointedly excluded China, jacking up levies on Beijing to a punishing 125%. China, in turn, hit back with retaliatory tariffs of 84% and vowed to …
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters In a …
A whopping increase in tariffs, followed by a whopping retaliation. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.” For years, the world’s two biggest powers have flirted with the idea of an economic decoupling as …
Shipping containers at the Yantian International Container Terminals in Shenzhen, China, on April 7, 2025. Bloomberg | Bloomberg | Getty Images This report is from the inaugural edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. This week, we …
U.S. commanders planning for a possible conflict with China are increasingly concerned that the Pentagon will soon need to move long-range precision weapons from stockpiles in the Asia-Pacific region to the Middle East, congressional officials say. That is because of the large amount of munitions that the United States is …
While Xi plays a long geopolitical game, Trump plays a short electoral one. (AI image for representation only) A trade agreement with US President Donald Trump now seems unlikely, prompting Chinese President Xi Jinping to shift from caution to aggression. In response to Trump’s latest tariffs, Beijing has imposed its …
In recent weeks, China has been practicing unusual maneuvers off its southern coast involving three special barges. The vessels have linked up one behind another, forming a long bridge that extends from deeper waters onto the beach. That feat has been a warning to Taiwan. The vessels’ debut suggests that …
Taipei, Taiwan — The Chinese military announced large-scale drills in the waters and airspace around Taiwan on Tuesday that include an aircraft carrier battle group, as it again warned the self-ruled island democracy against seeking formal independence. The joint exercises involve navy, air ground and rocket forces and are meant to …