Xi Jinping
Trump’s ambassador to China sworn in ahead of high-stakes talks in Switzerland
U.S. President Donald Trump shakes hands with former U.S. Senator David Perdue during Perdue’s swearing-in ceremony to be the new U.S. ambassador to China, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters President Donald Trump’s pick for U.S. ambassador to China was sworn in on Wednesday, days before […]
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Here’s how China could retaliate against U.S. tariffs
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the […]
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CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs
A Dollar Store on April 1, 2024, in Lansing, Michigan, U.S. Spencer Platt | Getty Images News | Getty Images Tariffs unleashed — and temporarily, almost capriciously, paused — by U.S. President Donald Trump have given governments across the world a headache as they figure out how to minimize disruptions to their economies. But the […]
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China pledges to ramp up targeted support for businesses as U.S. trade war hits
Chinese President Xi Jinping attends the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2025. Florence Lo | Reuters BEIJING — China plans to help struggling businesses with targeted measures in the face of “increased external shocks,” according to a readout of a […]
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Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future,” a person in the room told CNBC. “No one thinks the current status quo is sustainable” with tariff rates at their current levels, Bessent […]
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China vows retaliation against countries that follow U.S. calls to isolate Beijing
Key Points China has warned it will retaliate against countries that cooperate with the U.S. in ways that compromise Beijing’s interests, according to a statement from the Chinese Ministry of Commerce. The threat comes as U.S. President Donald Trump’s administration is reportedly planning to use tariff negotiations to pressure U.S. partners to limit their dealings […]
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CNBC’s The China Connection newsletter: The U.S. wants China to call. Why it won’t – for now
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest […]
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China’s Xi says ‘protectionism will lead nowhere’ as he starts Southeast Asia outreach amid tariff worries
Vietnam’s Prime Minister Nguyen Xuan Phuc, 4th right, and Chinese President Xi Jinping, left, attend the meeting at the Great Hall of People on April 25, 2019 in Beijing, China. Pool | Getty Images News | Getty Images Chinese President Xi Jinping said that there are no winners in a trade war and warned against […]
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Amazon Kuiper launches first satellites to take on SpaceX’s Starlink, capitalize on anti-Musk fervor
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 social media post last month, […]
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CNBC Daily Open: Stocks in reverse amid auto tariffs
Newly manufactured cars awaiting export are parked at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025. Issei Kato | Reuters When U.S. President Donald Trump won the 2024 presidential election in November last year, markets were in a relatively buoyant mood. Talk of deregulation and tax cuts drove consumer sentiment, while […]
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