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President Biden’s new tariffs on Chinese imports have sparked debates on their impact on the US economy and climate change efforts, with experts and officials voicing concerns.
China’s Commerce Ministry strongly opposes the US tariff hike on electric vehicles, semiconductors, and more, vowing to defend its interests amid rising tensions between the world’s two largest economies.
China is lifting anti-dumping tariffs on Australian wine, a move welcomed by Canberra that promises to boost trade and benefit both producers and consumers.
Starting January 1, the Chinese mainland suspends preferential tax rates on 12 chemical products from Taiwan under ECFA, impacting bilateral trade relations.