April 28, 2025 5:24 am
Full News

China Vows to Protect US Firms Amid Trade War Escalation

Beijing, April 7 – A senior Chinese official has pledged to safeguard the interests of US companies and maintain China as a “promising land” for foreign investment, even as Beijing retaliates against US tariffs with sweeping measures. The announcement follows China’s imposition of 34% tariffs on US imports, mirroring levies introduced by President Donald Trump on what he termed “liberation day.”
In addition to the tariffs, China has implemented export controls on seven rare earth elements, including gadolinium, used in medical imaging, and yttrium, essential for consumer electronics. Vice Commerce Minister Ling Ji urged US firms to take pragmatic steps to stabilize global supply chains and foster mutual cooperation.
The trade conflict has sent shockwaves through financial markets. On April 7, Asian trading floors experienced a broad sell-off, with no sector spared. Tech giants Alibaba and JD.com saw their shares plummet by 14% and 13%, respectively, while Japanese investment firm SoftBank dropped over 10%, and Sony fell by 9.6%.
The US exported $144.6 billion worth of goods to China in 2024, significantly less than the $439.7 billion it imported. Key export sectors include electrical and electronic equipment, fuels, oilseed, and grains. However, the escalating trade war has raised concerns about the stability of these industries.
As tensions rise, both nations face mounting pressure to resolve the dispute, which threatens to disrupt global supply chains and economic stability. Investors remain cautious, bracing for further developments in the unfolding trade showdown.

Related News
Trump Signs Executive Order to Abolish U.S. Department of Education
UN Reports Over 12,300 Civilian Deaths in Ukraine Since Russian Invasion
Severe Storm Leads to Deadly Flooding in Argentine City, 13 Dead
Iran in Major Trouble Following Assad’s Fall; Middle East Dynamics May Shift
Pakistan’s President Asif Ali Zardari Hospitalized
Russia Claims Imminent Victory in Clearing Ukrainian Forces from Kursk Region
Related Posts
Trump Demands Free Passage for U.S. Ships Through Panama and Suez Canals
India Suspends All Rail Projects in Bangladesh Amid Political Tensions and Security Concerns
Hussein al-Sheikh Nominated as PLO Successor by Mahmoud Abbas
Thrilling El Clásico: Barcelona Win the Copa del Rey Amid 5 Goals and 3 Red Cards
Pakistan Alarmed Over India’s Threat to Halt Water Supply
Fresh Exchange of Fire Between Indian and Pakistani Troops Along Kashmir Border
More News

Massive Allocation for Madrasa Education in West Bengal Budget

The West Bengal state government of India has announced a substantial allocation for madrasa education in its budget. Madrasas have been an integral part of the state’s educational infrastructure, functioning as an alternative system of education for years. This year’s state budget includes significant initiatives for their development. According to the Indian Constitution, various minority […]

Iran Conducts Air Defence Exercises Amid Rising Tensions

DUBAI – Iran conducted air defence exercises on Saturday as the country braces for more friction with Israel and the United States under incoming U.S. president Donald Trump. The war games take place as Iranian leaders face the risk that Trump could empower Israeli Prime Minister Benjamin Netanyahu to attack Iran’s nuclear sites, while further […]

Kate Phillips Confirms No Return for Peaky Blinders Movie

Peaky Blinders star Kate Phillips has confirmed that she won’t be reprising her role in the upcoming Peaky Blinders movie, despite earlier discussions about her return. The highly anticipated Netflix film, titled The Immortal Man, will follow the events of the show’s season six finale and focus on the Shelby family during World War II. […]

Navigating the Growing Risk of Naval Nuclear Deterrence and Cooperation Between India and Pakistan

India and Pakistan Naval Forces Navigate Growing Nuclear Deterrence and Cooperation in Indian Ocean Nature of Contestation Despite the traditionally antagonistic posture of the Indian and Pakistani Navies, fueled by broader bilateral tensions, both forces face similar nontraditional threats in the Indian Ocean. The region’s growing complexity is exacerbated by the increasing presence of the […]

In These Forbidden Times: The ‘Boundaries’ of Our Limitations

Maqsood Who are they actually?  Where do they dare to fly out and threaten us? Got up to embarrass? Why should we respect all these low-grade thugs who are the originators of ‘Mob Justice’? Have they done such ‘good’ and ‘glorious’ deeds that the country and nation will be ever grateful to them, or show […]

Bangladesh Judicial System and Police Cases: A Pain for Public

Dr. A. K. Abdul Momen The leading dailies of Bangladesh including the “Prothom-Alo” and the “Daily Star” reported (23 Nov, 2024)that one Kulsum Akhter (21) filed a case at the Chief Judicial Magistrate’s Court in Dhaka on October 24 accusing 130 people killing of her husband Mr. Mohammed Al Amin on 5 August, 2024 the […]

Daniel Craig’s New Movie Queer Now Available Online in the US

Daniel Craig’s latest film, Queer, is now available for US audiences to watch at home, following its release on digital platforms today. Directed by Luca Guadagnino, the film is based on William S. Burroughs’ novella of the same name and features Craig as Lee, an American expat living in Mexico City. Lee becomes captivated by […]

Tackling Urban Heat: Innovative Solutions to Cool Down Cities

Urban Heat Islands Intensify City Temperatures Densely populated cities are feeling the brunt of climate change as the urban heat island effect drives temperatures higher than surrounding rural areas. Materials like concrete and asphalt trap heat, vehicles and air-conditioning units expel it, and towering buildings block cooling winds, exacerbating urban heat. In response, cities like […]

New Chinese Aircraft and Ship Spike U.S. Rivalry

China has unveiled new military hardware that has intensified the ongoing rivalry with the United States. The developments include three novel aircraft, potentially a bomber from Chengdu, and a massive amphibious assault ship named Sichuan, showcasing Beijing’s advancements in military technology.The Sichuan, a Type 076 warship, is equipped with an electromagnetic catapult and arresting gear, […]

Final stage of the US Presidential Poll

Both leading candidates, Donald Trump and Kamala Harris, are campaigning intensively in swing states, vying to win over undecided voters. Election workers are also busy reaching out to ensure their supporters turn out to vote. Polling agencies are conducting last-minute surveys to gauge voter sentiments. Election analysts are trying to uncover hidden factors influencing the […]