Natasha Frost Here’s how the current tariffs on goods coming into the US from China work: taxes are applied on goods coming in, and American importers are the ones responsible for paying them. Some absorb the cost; most pass them onto the consumer. That’s not to say that both countries don’t suffer.
Asia
No Thanks: China dismisses notion it will join Russia, US in nuclear talks
•A top Chinese official this week rejected the suggestion that China would be participating in discussions with Russia and the US on limiting nuclear arms, saying that it has no intention to "take part in any trilateral negotiations." Geng Shuang, a Chinese Foreign Ministryspokesperson, said at a daily briefing that potential negotiations
Seoul confirms North Korea tests short-range missile
William Gallo North Korea has test-fired a short-range missile, South Korea said Saturday, in what appears to be Pyongyang’s latest small-scale provocation following the breakdown of nuclear talks. North Korea fired the missile toward the east from the eastern town of Wonsan just after 9 a.m. local time, South Korea’s Joint Chiefs
Senkaku Paradox: Preparing for conflict with the great powers
Editor's Note: Contemplating a scenario where China and Russia seize territory of marginal importance triggering applicable defense treaties, Washington needs better, less escalatory, and, thus, more credible options, writes Michael O'Hanlon. This piece was originally published by The Hill. Since roughly 2014, when Russia seized Crimea and China solidified its
US-China trade talks are in the ‘final laps,’ Treasury Secretary Mnuchin says
Jude Johnson and Weizhen Tan Key points “We’re getting into the final laps,” U.S. Treasury Secretary Steven Mnuchin was quoted by the New York Times as saying, during an interview at the Milken Institute Global Conference.According to the report, Mnuchin said that while both countries are nearing a deal, negotiations are
First of it’s kind in 200 years, Japanese emperor abdicates
Johnny Simon Akihito will be the first monarch to voluntarily step down in 200 years. Crown prince Naruhito’s ascension will take place tomorrow, but new empress Masako will not be allowed to watch The life and reign of Japan’s Emperor Akihito, in photos Akihito, emperor of Japan for the past 30 years and the head of
China’s Belt and Road Forum: Does Africa need new funding options?
Jane Nyingi and Sylvia Mwehozi African leaders attending a Road and Belt forum in China are looking for new funding and to renegotiate existing debts. China already invests widely in African infrastructure. Do the gains outweigh the risks for Africa? Several African leaders were among nearly 40 world leaders who travelled to
China develops unique heat-resistant material for hypersonic aircraft
Chinese composite can withstand over 3,000 C for extended periods Liu Xuanzun Chinese scientists have developed a new heat-resistant material for hypersonic aircraft which can endureover 3,000 C from friction caused by a Mach 5-20 flight within the atmosphere. The lead scientist on the project said the material outperforms all similar foreign-made ones with its high
Pacific: To counter US dominance, China and Russia holds joint naval drills
China said Thursday that it will hold joint naval drills with Russia next week, in another sign that the countries' militaries are growing closer in the face of shared opposition to U.S. military dominance. The "Joint Sea 2019" drills will be held off the northern port city of Qingdao, Defense Ministry
China wants to use the power of global media to dispel Belt and Road debt risks
Abdi Latif Dahi Beijing wants to deploy international media outlets to allay fears about its trillion-dollar global trade and infrastructure initiative. President Xi Jinping called on media outlets in the countries involved in the Belt and Road plan to fashion stories about the scheme in a way that boosts public support. Xi made the