Tag: East Asia
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Britain and China agreed to reset relations on Thursday, January 29, after Prime Minister Keir Starmer and President Xi Jinping pledged closer cooperation on trade, investment and technology. During the first visit by a British leader to China in eight years, Beijing granted British citizens 30 days’ visa-free access and agreed to halve tariffs on…
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Tesla delivered 1.64 million vehicles in 2025, a 9% decline from 2024, marking the company’s second consecutive year of falling sales. Chinese automaker BYD sold 2.26 million vehicles, surpassing Tesla to become the world’s largest electric vehicle manufacturer. In the fourth quarter, Tesla delivered 418,227 vehicles, below analysts’ expectation of about 440,000 units. Sales were…
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European dairy exports face provisional tariffs from China, which announced on Monday, December 22, duties of up to 42.7% on certain European dairy products following the conclusion of the first phase of an anti-subsidy investigation. The tariffs, effective Tuesday, December 23, cover milk and cheese products, including protected origin cheeses such as French roquefort and…
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Leaders of the 21 Asia-Pacific Economic Cooperation (APEC) economies have adopted the 2025 APEC Leaders’ Gyeongju Declaration, committing to deepen digital cooperation, strengthen trade resilience and promote inclusive growth across the region. Hosted by the Republic of Korea under the theme “Building a Sustainable Tomorrow,” the summit took place from October 31 to November 1…
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President Trump on Tuesday unveiled a new trade framework with Japan, introducing a 15% tariff on Japanese imports and declaring the agreement a landmark achievement. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump wrote on Truth Social. He also affirmed that the United States “will…
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In a move that could redefine sustainable computing worldwide, China is building a cutting-edge underwater data center off the coast of Shanghai, leveraging ocean water for cooling and powering the facility with offshore wind energy. According to Scientific American, the project, led by the company Hailanyun, is located six miles off Shanghai’s coast and marks…
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China’s electric vehicle (EV) industry has reached a critical turning point, producing cars that rival or surpass those made in the West, at a fraction of the cost, according to a stark warning from former General Motors executive Michael Dunne. In a recent New York Times op-ed, Dunne paints a sobering picture, that Chinese EVs,…
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During trade discussions on September 8, 2024, senior Chinese official Wang Shouwen emphasized that China’s substantial population should be seen as an opportunity rather than a threat to the United States. Wang, the vice-minister of commerce, shared this perspective with Marisa Lago, the U.S. Under Secretary of Commerce for International Trade, in Tianjin. This meeting…
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| Shongjog news agency | A press release on August 31, 2024 from the U.S. Department of State condemned the People’s Republic of China (PRC) for its aggressive actions against Philippine maritime operations at Sabina Shoal on August 31, where a Chinese Coast Guard vessel collided with a Philippine Coast Guard vessel. The press release…
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| Shongjog news agency | Canada has announced it will impose a 100% tariff on Chinese electric vehicle (EV) imports and a 25% tariff on imported steel and aluminum from China, starting October 1. This move follows similar actions by the United States, which had previously increased tariffs on Chinese EVs and other goods to…
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