Karson Yiu Journalist Profile

Articles

China appears to downplay US trade deal Trump said was 'done'

2 weeks ago | abcnews.go.com | Karson Yiu |David Brennan

U.S. and Chinese negotiators met in London this week. ByKarson Yiu and David BrennanChinese made cars and containers are seen before being loaded onto ships at the port in Shanghai, China, on June 11, 2025. Str/AFP via Getty ImagesHONG KONG and LONDON -- A spokesperson for China's Ministry of Commerce on Thursday appeared to downplay what President Donald Trump said Wednesday was a "done" trade deal addressing export restrictions on rare earths and semiconductors.
US-China trade deal 'done,' subject to Trump, Xi approval, Trump says

2 weeks ago | abcnews.go.com | Karson Yiu |Britt Clennett

Secretary of Commerce Howard Lutnick said it was a "handshake for a framework."ByKarson Yiu, Britt Clennett, and Kevin ShalveyThis is a breaking news story please check back for updates. ABC NewsPresident Donald Trump said a trade deal with China "is done, subject to final approval.""OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME," Trump said on Truth Social. Popular ReadsThis is a developing story. Please check back for updates. Sponsored Content by Taboola
Trump says China trade deal 'done,' but subject to 'final approval'

2 weeks ago | yahoo.com | Britt Clennett |Karson Yiu

LONDON and HONG KONG -- President Donald Trump said a trade deal with China "is done, subject to final approval.""Our deal with China is done, subject to final approval with President Xi and me," Trump said on Truth Social, adding that the relationship between the world's two leading economic powerhouses was "excellent."Trump said that the U.S. would get "a total of 55% tariffs" with China's tariffs set at 10%.
Trump's 'Golden Dome' risks weaponization of space, China says

1 month ago | abcnews.go.com | David Brennan |Karson Yiu

The president said the anti-missile shield would be operational by 2029. ByDavid Brennan and Karson YiuPresident Donald Trump speaks in the Oval Office of the White House on May 20, 2025, in Washington, D.C.Alex Brandon/APLONDON -- The Chinese Foreign Ministry accused President Donald Trump of undermining "global strategic balance and stability" by pushing ahead on his "Golden Dome" missile defense shield program -- and urged the U.S. to abandon the project.
China to limit number of American films imported from US amid tariff battle

2 months ago | yahoo.com | Karson Yiu |Mason Leib

China is cracking down on U.S. films amid the escalating tariff standoff between the two nations. China's National Film Administration announced on Thursday that it will begin reducing the number of American films allowed to be shown within China. President Donald Trump has raised tariffs on Chinese imports to 145%, which includes the earlier fentanyl-related levies of 20%.
Tariffs on Mexico strike at the heart of small businesses in Texas

Mar 5, 2025 | thepulseofnh.com | Mireya Villarreal |Max Zahn |Karson Yiu

(RIO GRANDE CITY, TEXAS) -- Emily Williams Knight, president and CEO of the Texas Restaurant Association, represents 58,000 restaurants that employ 1.5 million Texans. That breaks down to 11% of the state's workforce that could potentially be impacted by the 25% tariffs on Mexican imports that just went into effect. All Tuesday morning she was on calls and in meetings, calming fears because people believe Texas will feel the brunt of this first -- And, after that, the domino effect will be fast.
'Dumb': Canada, Mexico blast historic Trump tariffs, threaten retaliation - ABC7 Los Angeles

Mar 4, 2025 | abc7.com | Karson Yiu |Ellie Kaufman |Max Zahn |Kevin Shalvey

America's closest neighbors and allies, Canada and Mexico, excoriated President Trump for slapping historic tariffs on goods from their countries.
Trump imposes historic tariffs against Canada, Mexico, China; targeted nations threaten retaliation

Mar 4, 2025 | yahoo.com | Karson Yiu |Ellie Kaufman |Max Zahn

President Donald Trump's broad tariffs on imported goods from Mexico and Canada went into effect on Tuesday, along with increased duties on goods from China, a move that prompted a swift retaliation from Beijing. "President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest," the White House said in a statement.
Stocks fall in early trading Tuesday as tariffs take effect

Mar 4, 2025 | thepulseofnh.com | Max Zahn |Karson Yiu |Ellie Kaufman

(NEW YORK) -- The stock market fell in early trading on Tuesday, just hours after the Trump administration’s long-promised tariffs took effect. The Dow Jones Industrial Average dropped nearly 800 points, or 1.8%; while the S&P 500 also fell 1.8%. The tech-heavy Nasdaq tumbled 1.6%. The policy taxes imports from Mexico, Canada and China -- the three largest trading partners of the United States -- meaning that it could raise prices for everything from gasoline to avocados to iPhones.
China counters Trump by announcing new tariffs, saying it 'firmly opposes' US plan

Feb 4, 2025 | thepulseofnh.com | Karson Yiu |Aaron Katersky |Julia Reinstein

(HONG KONG and LONDON) -- Select American goods imported into China will be subject to tariffs of up to 15%, Chinese officials said Tuesday, as they rolled out a series of retaliatory measures to counteract U.S. President Donald Trump's planned tariffs. China said it would on Feb. 10 impose a 15% tariff on U.S. coal and liquefied natural gas, along with a 10% tariff on other products, including crude oil, agricultural machinery and pickup trucks.