us-china trade war

Top US semiconductor companies stop supplying Huawei

May 20, 2019 by Mai Tao

Leading technology companies in the US have started to cut off supplies to Chinese telecommunications equipment supplier Huawei, according to Bloomberg.

US chipmakers such as Intel, Qualcomm, and Xilinx are reported to have said they will not supply Huawei until further notice.

Meanwhile, Google is reported by the Wall Street Journal to have banned Huawei from using some services in its version of the Android operating system for smartphones. [Read more…] about Top US semiconductor companies stop supplying Huawei

Chinese exporters accuse Trump of not playing by the rules

May 7, 2019 by Mai Tao

Chinese export companies have strongly criticized President Donald Trump for deciding to increase tariffs on imports into the US by another 10 percent, bringing them up to 25 percent for hundreds of billions of dollars’ worth of manufactured goods.

Comments reported by the South China Morning Post say Chinese exporters are decrying Trump as a business “killer” who “never plays by the rules”.

One exporter, Liao Yu, who produces bags and suitcases, said: “A 25 per cent [tariff] will kill everyone.”

[Read more…]

Trump to raise tariffs on China goods to 25 percent

May 6, 2019 by Mai Tao

US President Donald Trump is preparing to raise tariffs on Chinese imports to 25 percent from the current 15 percent.

The levies will affect approximately $350 billion worth of Chinese exports to America.

Trump made the announcement through Twitter. He tweeted: “For 10 months, China has been paying tariffs to the USA of 25 percent on $50 billion dollars of high-tech, and 10 percent on $200 billion of other goods.

[Read more…]

China-US trade dispute causing industrial robot makers to forecast lower earnings

October 30, 2018 by Mai Tao

The ongoing trade dispute between China and the US has caused three of the world’s largest industrial robot makers to lower their earnings forecasts, according to a report on Nikkei.

Yaskawa, Kuka, and Fanuc have all “downgraded their full-year earnings forecasts”, reports Nikkei.

Fanuc predicts net profit of $1.26 billion for the year ending March 2019, which is approximately $26 million lower than its previous forecast. [Read more…] about China-US trade dispute causing industrial robot makers to forecast lower earnings

Opinion: China and US share similar enterprise culture

May 3, 2018 by Sam Francis

By Edward Tse, Gao Feng Advisory

The looming trade war between the US and China is front-page news around the world.

On the surface, it looks like US President Donald Trump following up on his campaign rhetoric of “America first” and part of his strategy to treat China as a “strategic competitor”.

However, it’s possible to trace the roots of the current impasse to a fundamental mistrust between the West, in particular, the US, and China. [Read more…] about Opinion: China and US share similar enterprise culture