Biden nominee offers China no relief on tariffs and trade tension

Biden nominee offers China no relief on tariffs and trade tension

(ATF) China's hopes for ending tensions with Washington suffered a blow on February 25 when the new administration's nominee for US Trade Representative said tariffs were a valid negotiating tool and vowed to hold Beijing to its commitments. Katherine Tai also told a Senate committee scrutinising her nomination that there …

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Biden ‘just as confrontational as Trump’ claims China state media 

Biden ‘just as confrontational as Trump’ claims China state media 

China state media has accused new US President Joe Biden of adopting the same ‘confrontational approach’ of his predecessor and said there’s little optimism for any improvement in Sino-American relations. Although Biden’s hand of friendship on issues like climate change had been welcomed, his remarks on trade and Taiwan echoed …

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Biden sends warning to China on chips and rare earths

Biden sends warning to China on chips and rare earths

(ATF) President Biden sent an effective warning to China on Wednesday February 24 as he signed an executive order for a review of supply chains that will cover semiconductor chips and rare earths. Biden signed the executive order after a meeting with both Democratic and Republican politicians that he hailed …

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China's Commerce minister urges business as usual with US

China's Commerce minister urges business as usual with US

(ATF) China's Commerce Minister Wang Wentao said on Wednesday (Feb 24) he is looking forward to trade and economic cooperation with his counterparts in the United States. Wang spoke at a press conference held by the State Council Information Office when a reporter asked him to comment on "the next …

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Biden’s Treasury deputy nominee urges tough line on China

Biden's Treasury deputy nominee urges tough line on China

(ATF) Wally Adeyemo, Biden’s nominee as deputy Treasury secretary, said on Tuesday February 23 that the US should work with allies to hold China accountable to international rules and ensure a level playing field for corporations. “China is our top strategic competitor,” Adeyemo told a confirmation hearing by the Senate …

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Shortage of computer chips worries carmakers in the US 

Shortage of computer chips worries carmakers in the US

President Jo Biden has ordered an urgent review of the semiconductor supply chain with US manufacturers struggling to cope with a global chip shortage. Washington said Biden's executive order, signed on Wednesday, will launch an immediate 100-day investigation of the supply chains for four critical products – semiconductor chips, large-capacity …

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Facebook to restore news pages after deal with Australian govt

Facebook to restore news pages after deal with Australian govt

(ATF) A compromise has been reached between Facebook and the Australian government, which will see the internet giant restore local news pages after the government agreed to amend its proposed law. The bill will force tech giants to pay for media content displayed on their platforms. Australia and the social …

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