Harnessing the power of artificial intelligence and shoring up the economy are among the issues expected to top the agenda when China’s legislature meets Wednesday in Beijing. Almost 2,900 delegates have arrived in Beijing for the annual session of the largely rubber-stamp parliament,
Beijing imposed broad tariffs on imports of American food and said that 15 U.S. companies could no longer buy from China without special permission.
China's leaders are overseeing a spell of deflation, or falling prices, that contrasts with inflationary pressures prevailing elsewhere in the world.
As President Donald Trump unleashes sweeping changes across the US government and overturns decades of American foreign policy, Chinese leader Xi Jinping is preparing to hold a major political gathering designed to project tightly-controlled stability.
China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25% after new U.S. tariffs on both countries took effect.
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
China banned the import of Illumina Inc. gene-sequencing machines as part of a wave of retaliatory trade measures in response to the US doubling tariffs on all Chinese goods.
National People’s Congress spokesman Lou Qinjian told a news conference that the U.S. violated World Trade Organization rules by imposing unilateral tariffs. He added that China hopes the two countries can find a solution through dialogue.
Trump's tariffs on Canada, Mexico, and China are now in effect. The Trump administration is imposing a 25% tariff on imports from Canada and Mexico. Trump doubled the US's additional tariffs on China from 10% to 20%. President Donald Trump's new tariffs on Mexico, Canada, and China are here.