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Elon Musk's Tesla To Build First Grid-Scale Energy Storage Site In China With $550 Million Investment
Friday, June 20, 2025 - 7:38am | 458Tesla Inc. (NASDAQ:TSLA) has signed an energy storage deal with Shanghai amid trade uncertainty between Washington and Beijing. What Happened: Tesla will set up its first grid-scale energy storage station in Shanghai, using the company's Megapack batteries, Reuters reported on Friday. The deal...
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Xi Has 'Bowed To Reality,' Says China Analyst, Urges More Engagement Between Leaders To Resolve Trade Issues: 'No Substitute For Direct Negotiations With Trump'
Friday, June 6, 2025 - 3:31am | 668As U.S. President Donald Trump and Chinese President Xi Jinping break the ice with a phone call after months of silence, analysts weigh in on what’s in store for the U.S.-China trade. What Happened: The U.S. and China have been at odds over trade for a considerable period. The...
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Nvidia Faces Bipartisan Heat Over Its Shanghai Facility Amid 'Significant' National And Economic Security Threat: Report
Thursday, May 29, 2025 - 8:55am | 570Nvidia Corporation (NASDAQ:NVDA) is reportedly facing bipartisan criticism from U.S. senators over its plans to establish a facility in China, with concerns raised about the potential transfer of advanced technology to the country. What Happened: Senators Jim Banks (R-Ind.) and...
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Trump Administration To Revoke Visas Of Chinese Students Tied To CCP Or Critical Fields, Tightens Screening
Thursday, May 29, 2025 - 5:44am | 473The Trump administration announced plans to aggressively revoke visas for Chinese students studying in the United States, specifically targeting those with Chinese Communist Party connections or studying in critical fields. What Happened: Secretary of State Marco Rubio said in a Wednesday statement...
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Former US Diplomat Calls For Urgent Trump-Xi Jinping Talks As Trade Truce Deadline Nears, Slams 'Horrible' Lack Of US-China Contact
Tuesday, May 20, 2025 - 4:43am | 557A former senior U.S. diplomat has called for urgent direct talks between U.S. President Donald Trump and Chinese President Xi Jinping before the 90-day trade truce ends. What Happened: Michael McFaul, the former U.S. ambassador to Russia during the Obama Administration, expressed his concerns...
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China Pushes For Special Envoys As Direct Deal With Trump Deemed 'Risky', Plans Fentanyl Concessions As Negotiating Leverage: Report
Monday, May 5, 2025 - 3:37am | 667The ongoing U.S.-China trade dispute may find resolution through the reported appointment of special envoys by Presidents Donald Trump and Xi Jinping. This could pave the way for better communication channels, analysts suggest. What Happened: The U.S. and China are grappling with how to...
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US, China To Ease Tariffs Gradually After 'Complex' Talks, Says Morgan Stanley — But Cuts China's Growth Outlook
Tuesday, April 29, 2025 - 8:36am | 675As the U.S. and China continue to send mixed signals about the progress of their trade talks, economists at Morgan Stanley project that both nations will begin negotiations and slowly decrease tariffs on Chinese imports to 60% by the end of Q2. What Happened: Despite the...
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16 Million Jobs At Risk In China As US Tariffs Hammer Manufacturing And Retail Sectors, Goldman Sachs Warns
Monday, April 28, 2025 - 4:19am | 699Analysts from Goldman Sachs have warned that the U.S. tariffs on Chinese imports could put up to 16 million jobs in China at risk, particularly in the manufacturing sector. What Happened: The bank stated that persistently high U.S.-China tariffs and a significant drop in Chinese exports could put...
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Xi Jinping Steering Clear Of Trump Negotiations To Avoid Political Backlash At Home, Says Expert: China 'Doesn't Have Any Cards In This' Game
Friday, April 11, 2025 - 4:09am | 647Amid the escalating trade war between the United States and China, Chinese President Xi Jinping is reportedly facing a political dilemma, says China expert and political commentator Gordon Chang. What Happened: Chang stated that Xi is in a difficult position where initiating a...
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Taiwan Mulls Travel Warnings For Pro-China Nations Amid Beijing's Crackdown On Independence Supporters: Report
Friday, March 7, 2025 - 9:25am | 592In the face of Beijing’s crackdown on Taiwan independence supporters, Taiwan is reportedly contemplating issuing travel advisories for its citizens visiting countries closely aligned with China, including Laos and Cambodia. What Happened: The proposed action is a reaction to China’s...
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Is Beijing Worried About Losing Trade War With US? Xi Jinping Reportedly Fears 'China Could Become Isolated Like Moscow,' Say Close Aides
Thursday, March 6, 2025 - 7:31am | 563As the Trump administration escalates tariffs on China, the world’s largest economies are on the verge of a superpower standoff reminiscent of the Cold War era. What Happened: A recent report in the Wall Street Journal suggests that Chinese President Xi Jinping is...
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Trump Plans 'Big Deals' To Offset China's Belt And Road Initiative: US Wants To 'Reverse All Of That', Says Rubio
Friday, February 28, 2025 - 3:14am | 571In an attempt to counter China’s Belt and Road Initiative, President Donald Trump is planning to strike ‘big deals’, as per Marco Rubio, the U.S. Secretary of State. What Happened: Rubio announced that Washington is seeking to ‘reverse’ projects that boost Beijing...
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Trump's China Tariff Hikes Could Smother US Economic Growth: Fitch Ratings Sounds Alarm
Thursday, May 9, 2024 - 4:10pm | 657Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections. The credit rating agency predicts that significant increases in U.S. trade tariffs, especially...
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Xi Jinping's Top Diplomat Hails 'Some Progress' In US-China Relations, But Says Team Biden 'Has Not Fulfilled The Promises It Has Made'
Friday, March 8, 2024 - 1:09am | 774In a recent press conference, China’s top diplomat, Wang Yi, accused the U.S. of exacerbating bilateral tensions and reiterated China’s support for peaceful resolutions to the Middle East and Russia-Ukraine conflicts. What Happened: Wang, who is also the director of the office for...
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Xi Jinping's Minister Says 'Decoupling From China' Will Only Backfire On US, Urges Antony Blinken To Lift Sanctions
Sunday, February 18, 2024 - 11:14pm | 678China’s Foreign Minister Wang Yi has called for the U.S. to lift sanctions on Chinese companies and individuals. The call comes amid signs of improving Sino-U.S. relations. What Happened: Wang Yi made the statement during a meeting with U.S. Secretary of State Antony Blinken on the sidelines...