Torbjørn Færøvik's Blog, page 105

China retaliates against Trump's 'trade tyranny' with 84% tariffs

China's finance ministry has announced an 84% tariff on goods imported from the US as it retaliates against new levies imposed by the White House. The hike in tariffs, from 34%, came as US President Donald Trump's 104% tariff on Chinese goods came into force. Beijing says the new charges will take effect from Thursday.China has called for the world to unite against Trump's tariffs as the

Ukraine captures two Chinese nationals fighting for Russia

Ukrainian forces have captured two Chinese nationals who were fighting for the Russian army in eastern Ukraine's Donetsk region, President Volodymyr Zelensky has said. He said on Tuesday that intelligence suggested the number of Chinese soldiers in Russia's army was "much higher than two".Ukrainian Foreign Minister Andrii Sybiha said Chinese troops fighting on Ukrainian territory "puts into

China is not backing down from Trump's tariff war. What next?

The trade war between the world's two biggest economies shows no signs of slowing down - Beijing has vowed to "fight to the end" hours after US President Donald Trump threatened to nearly double the tariffs on China. That could leave most Chinese imports facing a staggering 104% tax - a sharp escalation between the two sides.Smartphones, computers, lithium-ion batteries, toys and video game

RFA radio transmissions to China, Tibet halted

Radio Free Asia announced this week that its radio broadcasts have been drastically cut as transmissions were halted from relay stations owned or leased by the U.S. government. RFA informed listeners on Thursday that shortwave radio broadcasts for its Mandarin, Tibetan and Lao language services have stopped entirely. The broadcaster, which is funded by the U.S. Congress, said a heavily

Trump threatens China with added tariffs of 50% if Beijing does not drop retaliatory levies

In a flurry of early Monday social media posts, US President Donald Trump took aim at “biggest abuser” China for striking back against his hefty new tariffs, brushed off global market jitters, voiced confidence in the US economy, and told Americans not to be “stupid” or “weak”.Trump stood firm on the steep “reciprocal” tariffs he imposed on all imports entering the US, set to take effect on

‘The Tsunami Is Coming’: China’s Global Exports Are Just Getting Started

For decades, the world’s largest car factory was Volkswagen’s complex in Wolfsburg, Germany. But BYD, the Chinese electric carmaker, is building two factories in China, each capable of producing twice as many cars as Wolfsburg. Recent data from China’s central bank shows that state-controlled banks lent an extra $1.9 trillion to industrial borrowers over the past four years. On the fringes of

China plans to turn Trump tariff ‘crisis into opportunity’

As countries around the world scramble to negotiate concessions from US President Donald Trump’s escalation last week of a global trade war, China has taken a different tack. Within 48 hours of Trump’s market-hammering tariffs announcement, the world’s second-largest economy swiftly retaliated with its own punitive measures on US goods and firms. And now it’s sending out a clear message: China is

It's only early April and north India is bracing for extreme heat

India's weather department has warned of high temperatures in parts of northern India, including capital Delhi, for this week. The Indian Meteorological Department (IMD) has said northern and central states - including Haryana, Punjab, Rajasthan and Gujarat - can expect maximum temperatures to cross 40C.It has issued a yellow alert which means that the heat is tolerable for the general public but

Trump says TikTok sale stalled by China’s objections to US tariffs

China’s objections to new U.S. tariffs stalled a deal to sell off TikTok and keep it operating in the United States, said President Donald Trump on Sunday, emphasizing that he would not reverse tariffs on foreign nations unless the trade deficits that the U.S. faces with various countries, including China, disappeared. Trump administration officials have been working on an agreement to sell the

China’s tariffs as a Mike Tyson knockout punch to America

Mike Tyson’s most dangerous combo was a right hook to his opponent’s left kidney followed by a snap uppercut to the chin. Correctly executed, the right hook to the body momentarily stuns the opponent causing him to double over, exposing the chin to the uppercut follow-up. China just went big, implementing a 34% across-the-board tariff on imports from the US, export restrictions on a range of rare