Politics Biden Team to Probe Chinese Chips, Setting Up Trump for Tariffs
The Biden administration has launched an investigation into Chinese semiconductor imports. This could lead to the reinstatement of tariffs similar to those seen during the Trump era. The probe aims to address growing concerns over China’s dominance in the global tech market, especially in semiconductor manufacturing. If this investigation concludes that China’s practices harm U.S.
China’s November Retail Sales Fall Short as Real Estate Crisis Worsens
China’s November Retail Sales Miss Expectations Amid Real Estate Slowdown China’s retail sales in November 2024 came in below expectations, signaling a deepening slowdown in consumer spending. The data, which revealed weaker-than-expected growth, reflects the ongoing struggles within the country’s real estate sector. The slump in the property market has not only affected home sales
US Criticizes China’s Export Ban on Key Minerals, Threatens Action
US Slams China’s Export Ban on Key Minerals: What’s Next? The US has strongly criticized China’s recent decision to impose an export ban on critical minerals. This move is seen as a significant escalation in the ongoing trade tensions between the two global powers. China’s export ban on key minerals, such as rare earth elements,