China

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Trump Says It's No Trade War, but Dow Down 500 at Open

Sell-off sparked by China's retaliatory move

(Newser) - "We are not in a trade war with China," President Trump tweeted Wednesday morning, but that didn't calm investors. The Dow opened down 500 points, and is hovering about 350 points, or about 1.5%, down as of this writing. The sell-off was sparked by news that...

Trade War Looms as China Hits Back at Trump Tariffs

Beijing targets 3 biggest US imports

(Newser) - China says it doesn't want a trade war—but it's not going to back down if President Trump starts one. After the Trump administration recommended new 25% tariffs on $50 billion in Chinese goods Tuesday, Beijing hit back within hours with its own proposed tariffs on 106 American...

US Proposes Tariffs on 1,300 Chinese Products

Chinese embassy in Washington condemns the move

(Newser) - The Trump administration is recommending 25% tariffs on $50 billion in Chinese imports to protest Beijing's alleged theft of American technology. The Office of the US Trade Representative has issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications equipment. But the proposed tariffs wouldn't...

Dad Who Became Taxi Driver to Find Missing Girl Finds Her

Qifeng went missing from roadside fruit stand in Chengdu city in 1994

(Newser) - A small scar on the forehead. A habit of feeling nauseous when she cried. These are traits that a woman named Kang Ying and a child named Qifeng shared—helping to prove the two are one and the same. The BBC reports on the 24-year search for Qifeng, who disappeared...

Equities in 'Tailspin' as Stocks Hit the 'Trump Slump'

Not since the Great Depression have US stocks seen such a bad April slide, Bloomberg reports

(Newser) - US stocks haven't seen a second-quarter start like this in 90 years—90 years ago being the kickoff to the Great Depression. Bloomberg looked at the numbers and reports on the April slide: 2.2% for the S&P 500, a drop that hasn't been surpassed since 1929'...

Dow Drops 500 on Fears of China Trade War

Market was down 500 at midday

(Newser) - US stocks were tumbling Monday after China raised import duties on American pork, apples, and other products. The Dow Jones industrial average was down more than 500 points at noon Eastern, or about 2%, per the Wall Street Journal . The Nasdaq slumped 190 points, or 2.7%, and the S&...

China Slaps New Tariffs on 128 US Products

Beijing says it's payback for Trump tariffs

(Newser) - China has made good on its threat to retaliate for President Trump's new tariffs on steel and aluminum. Beijing says it is slapping new tariffs on 128 kinds of American products, including pork, wine, and numerous kinds of fruit, "in order to safeguard China's interests and balance...

China, North Korea Aren't Describing Secret Visit the Same

Here's what we can infer from that

(Newser) - Now that North Korea and China have confirmed Kim Jong Un's first trip abroad since becoming his country's leader, the analysis has commenced. The Wall Street Journal pores over how the respective state media are covering the visit—noting such accounts "serve as official readouts for such...

Kim Jong Un's Secret Trip Is Confirmed

He made visit to Beijing this week

(Newser) - Kim Jong Un has made his first known trip abroad since becoming North Korea's leader in 2011—and it wasn't to Mar-a-Lago. After days of rumors sparked by the arrival of a mysterious North Korean train in Beijing, Chinese and North Korean officials have confirmed that Kim met...

Mysterious Train Sparks Rumors of Kim Jong Un Visit

Special train went from border to Beijing

(Newser) - Speculation about a visit to Beijing by North Korean leader Kim Jong Un or another high-level Pyongyang official was running high Tuesday amid talk of preparations for a meeting between the North's reclusive leader and President Trump. The arrival of a special train in Beijing and unusually heavy security...

China Issues a Warning on 'Trade War'

'It will only lead to serious consequences and negative impact'

(Newser) - A top Chinese official warned Sunday a "trade war" would harm all sides but gave no indication of Beijing's next move in a spiraling dispute with President Trump over steel and technology, reports the AP . Speaking to global business leaders at a development forum, Vice Premier Han Zheng...

China Announces Response to Trump's Tariff Hike

On the hit list: American pork, apples, wine

(Newser) - China announced a list of US goods including pork, apples, and steel pipe it says may be hit with higher import duties in response to President Trump's tariff hike on steel and aluminum. The Commerce Ministry called on Washington to negotiate a settlement as soon as possible but set...

US Stocks Sink on China Tariff Fears
Trump Signs Off on
Major China Penalties
UPDATED
Mar 22, 2018 12:23 PM CDT

Trump Signs Off on Major China Penalties

Dow sinks as investors worry about trade war

(Newser) - President Trump signed an order Thursday that paves the way for imposing tariffs on as much as $60 billion worth of Chinese imports to punish Beijing for what he said is the theft of American technology and Chinese pressure on US companies to hand it over. "It is the...

Trump Readies a Hefty Penalty on China

President prepares to unveil $60B in tariffs despite concern from US businesses

(Newser) - President Trump has long believed China engages in unfair trade practices with the US, and senior aides recently presented him with a proposal for $30 billion in annual tariffs against Beijing. Not good enough, said Trump, who ordered them to double the amount to $60 billion, reports the Washington Post ...

China: 'We Don't Want to See a Trade War'

Premier says Beijing won't use US debt as leverage

(Newser) - Premier Li Keqiang said Tuesday that China doesn't want to see a "trade war" with the United States and hopes to reach a negotiated settlement of disputes. Speaking at a nationally televised news conference, Li said rash action would hurt all sides. He made no mention of a...

New Punishments for Chinese Citizens With Bad 'Social Credit'

Social credit can be lowered by everything from massive debt to parking bikes in wrong place

(Newser) - Do something untrustworthy or dishonorable? That could get you banned from taking planes or trains for up to one year in China. Gizmodo reports China has been rolling out its "terrifying" social credit system since 2013 and on Friday added travel restrictions to the list of punishments citizens can...

An Epic Eye Roll Enthralls China
An Epic Eye Roll
Enthralls China
in case you missed it
Mar 17, 2018 8:45 AM CDT

An Epic Eye Roll Enthralls China

One journalist's disdain of a long-winded colleague goes viral, gets censored

(Newser) - Sometimes an eye roll is so much more than an eye roll. The South China Morning Post describes one delivered by one journalist to another as the "country's biggest political event of the year." The New York Times sees it as a "rare puncturing of the...

China Clears Way for 'Leader for Life'

Eliminates term limits, enabling Xi Jinping to rule indefinitely

(Newser) - China's rubber-stamp lawmakers on Sunday passed a historic constitutional amendment abolishing a presidential two-term limit that will enable Xi Jinping to rule indefinitely, reports the AP . The amendment upends a system enacted by former Chinese leader Deng Xiaoping in 1982 to prevent a return to the bloody excesses of...

Giant Pandas Getting National Park That Dwarfs Yellowstone

Giant Panda National Park to be built in China by 2023

(Newser) - China's giant pandas will soon have a national park over twice the size of Yellowstone in which to mingle and mate, the AP reports. China's foreign ministry announced Thursday that the Bank of China will provide at least $1.5 billion toward Giant Panda National Park. The conservation...

Woman Has 25M Reasons to Not Let Toddler Use iPhone

'iPhone is disabled, try again in 25,114,984 minutes'

(Newser) - Well, that's one way to beat a smartphone addiction. The South China Morning Post reports a Shanghai mom is locked out of her iPhone for the next 47 years after her 2-year-old son repeatedly entered the wrong passcode. The mom, identified only as Lu, gave her son the phone...

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