News List

Chinese strongman Xi Jinping isn't going to give Donald Trump an easy win on trade. That's the message of Beijing's quick response to Washington's plan, announced late Tuesday, to impose a 25% tariff on $50 billion in Chinese-made goods. Hours later, China's State Council issued its own $50 billion tariff list targeting American exports. Stocks fell Wednesday on risks of trade conflict between the... Read more »

The Trump administration Tuesday unveiled a list of about $50 billion in Chinese electronics, aerospace and machinery products it plans to hit with steep tariffs, the latest move in a deepening U.S.-China trade conflict. The new 25 percent import taxes are designed to penalize China for discriminatory policies that the United States says put its companies at a disadvantage in the Chinese market. P... Read more »

The Trump administration is pushing for a preliminary Nafta deal to announce at a summit in Peru next week, and will host cabinet ministers in Washington to try to achieve a breakthrough, according to three people familiar with the talks. The White House wants leaders from Canada and Mexico to join in unveiling the broad outlines of an updated pact at the Summit of the Americas that begins April ... Read more »

TAIPEI (Reuters) - Taiwan's government said on Tuesday that China was stirring up its media to threaten the self-ruled island after a major state-run newspaper said China should issue an international arrest warrant for Taiwan's premier for his comments on independence. Taiwanese new premier William Lai speaks during a cabinet transition ceremony in Taipei, Taiwan September 8, 2017. REUTERS/Tyrone... Read more »

BEIJING — The trade spat between the world's two largest economies worsened over the weekend with China hiking tariffs on a slew of U.S. goods in response to Washington slapping duties on Chinese aluminum and steel. The measures announced Sunday matched a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23. In a sign that China could further its retaliatory c... Read more »

02, WA—Beginning April 3, Rep. Rick Larsen (WA-02) will host a series of roundtable discussions on transportation and infrastructure issues impacting Washington’s Second Congressional District. In a series of meetings, Larsen will hear from officials from Island, Whatcom, Snohomish and Skagit Counties on the impacts the recently passed Omnibus spending package, the president’s Fiscal Year 2019 bud... Read more »

Rep. Rick Larsen (WA-02) issued the following statement ahead of announcements by the Environmental Protection Agency (EPA) to roll back important clean vehicle emissions standards. “The United States must lead with action to reduce greenhouse gas emissions and the harmful effects of climate change worldwide,” said Larsen. “Rolling back the popular and effective clean car standards is the wrong ch... Read more »

The United States is worried about China's engagement in Africa, and how it is jockeying to spread its diplomatic, military and trade influence across the continent. That much is evident from comments of top US officials, who have recently stated that China's financing of roads and bridges “comes at a price,” and that it's new base in Djibouti on the strategic Gulf of Aden corridor is aimed at ass... Read more »

Chinese President Xi Jinping has vowed to slash pollution and prioritize living standards over unbridled growth. On the other side of the globe in Bentonville, Arkansas, the world's largest retailer is signing on. On Thursday, Walmart Inc. committed to cutting 50 million metric tons of carbon emissions from its Chinese operations -- attempting to play good corporate citizen in a country where it's... Read more »

China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing's efforts to establish its currency internationally. Shifting just part of global oil trade into the yuan is potentially huge. Oil is the world's most traded commodity, with an annual trade value of around $14... Read more »