The impact of across-the-board trade actions would have ‘significant collateral damage on the US economy’, Washington-based organisation says

Southeast Asian countries are vying fiercely for chip investment as tech giants seek to manage the fallout of US tech sanctions against China.

Amid a looming US election, Jia Qingguo says tariffs against Chinese goods are more ‘political’, but tougher policies could be imposed under Donald Trump.

The United States is trying to reduce China’s advantages in new energy industries, researcher says.

The discussions, which will take place in California, will concentrate on industrial decarbonisation, carbon markets and clean energy deployment.

Make ‘knowledge-intensive sectors’ a focal point and remove import taxes that offer no strategic value and hit working Americans hard, economist says.

Falling prices and ‘operational pressures’ are flagged at a meeting of the China Photovoltaic Industry Association amid domestic overcapacity concerns.

Officials ponder what countermeasures await European resistance against ‘market-distorting’ Chinese subsidies on electric vehicles.

Washington has announced tariff hikes on a wide range of Chinese goods, while Brussels has taken actions to tackle Chinese subsidies to various industries.

Washington is concerned that Chinese government support is leading to more production capacity than global markets can absorb, driving cheap exports and stifling growth elsewhere.

Commentary from China’s top economic planner says Washington’s anti-globalisation, decoupling and disconnection efforts have ‘inevitably’ hurt US inflation.

The tsunami of new-energy manufacturing flooding the industry is not the first time a wave of Chinese goods has forced institutional upheavals and left foreign firms with little room to compete.

The US announced plans on Tuesday to increase tariffs on 14 categories of products from China under Section 301 of the Trade Act of 1974, covering US$18 billion in imports.

Analysts say Beijing is preparing ‘for all types of situations’ in a trade war with the US that shows no sign of abating after six years, as the leading presidential candidates vow to turn up the heat.

Weak steel demand at home has encouraged China, the world’s biggest producer of the alloy, to offload its surplus stocks by offering competitive rates to Indian buyers, hurting Indian producers.

Analysts discuss how Beijing could respond to Washington’s latest trade offensive, and how the impact could have repercussions beyond China’s borders.

US President Joe Biden also gives his action a political edge, criticising Donald Trump, his predecessor and challenger for re-election, for failing to increase US exports and boost manufacturing.

China should also ‘prepare for the worst’ but ‘do its best’ in response to further trade and tech frictions, Yang Jiemian tells summit in Hong Kong.