• Exclusive: Chinese exporters concerned about U.S.-China trade spat - survey

    5 monthes ago - By Reuters

    GUANGZHOU, China - As Washington and Beijing face off in a simmering trade dispute, Chinese exporters are expressing concerns about an escalation, although many say they expect the worst to be averted as negotiations continue.
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  • U.S. strike on China's ZTE another blow for Qualcomm

    5 monthes ago - By Reuters

    SHANGHAI/BEIJING - A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a U.S. company that is a major supplier of chips for ZTE's phones.
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  • Global shares mixed amid trade friction pressures

    5 monthes ago - By Chron

    TOKYO - Global shares were mixed Tuesday, with steady China economic growth data supporting sentiment despite simmering trade tensions between China and the U.S.
    KEEPING SCORE: France's CAC 40 inched up 0.1 percent to 5,319.17 in early trading, while Germany's DAX added 0.3 percent to 12,430.06. Britain's FTSE 100 was down nearly 0.1 percent at 7,191.33. U.S. shares were set to drift higher with the Dow future gaining 0.4 percent to 24,663. The S&P 500 future climbed 0.3 percent to 2,690.20.
    ASIA'S DAY: Japan's benchmark Nikkei 225 edged 0.1 percent higher to 21,847.59. Australia's S&P/ASX...
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  • The U.S. Has Banned Chinese Telecoms Firm ZTE From Buying American Tech for Seven Years

    5 monthes ago - By Fortune

    The U.S. government said Chinese telecommunications-gear maker ZTE ztcoy violated the terms of a sanctions settlement and imposed a seven-year ban on purchases of crucial American technology needed to keep it competitive.
    The Commerce Department determined ZTE, which was previously fined for shipping telecommunication equipment to Iran and North Korea, subsequently paid full bonuses to employees who engaged in the illegal conduct, failed to issue letters of reprimand and lied about the practices to U.S. authorities, the department said.
    "Instead of reprimanding ZTE staff and senior...
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  • China rules US sorghum was dumped, as trade tensions mount

    5 monthes ago - By Chron

    BEIJING - China has ordered importers of U.S. sorghum to pay deposits for possible higher tariffs in an anti-dumping investigation, adding to mounting trade conflicts with Washington.
    The Commerce Ministry said Tuesday in a preliminary ruling that U.S. sorghum was being sold at improperly low prices. It said importers must post bonds of 178.6 percent of their goods to cover possible anti-dumping duties while the probe is completed.
    Tensions with Washington have worsened after President Donald Trump threatened to hike tariffs on Chinese goods in a dispute over technology policy. Beijing has...
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  • U.S. ban on sales to China's ZTE opens fresh front as tensions escalate

    5 monthes ago - By Reuters

    LONDON/NEW YORK/HONG KONG - The United States has banned American firms from selling parts to China's ZTE Corp for seven years, a potentially devastating move for the telecoms equipment maker and exacerbating tensions between the world's two largest economies.
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