Ritsuko Ando

1 month ago | bloomberg.com | Ritsuko Ando

China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal. He Yadong, spokesman for the Ministry of Commerce, also urged the US to “show sincerity” if it wants to make a deal. The remarks suggest that Trump’s comments this week signaling that he could lower tariffs on China — which currently stand at 145% for most goods — will not be enough to ease tensions.

1 month ago | bloomberg.com | Ritsuko Ando

Chinese President Xi Jinping called for unity among the “Asian family” during a tour of Southeast Asia, trying to deter countries from cutting trade deals with the US at Beijing’s expense. While the trip to Cambodia, Vietnam and Malaysia was planned before US President Donald Trump began his tariff war, it’s taken on greater significance as Washington prepares to ask countries to take measures, including so-called secondary tariffs, on Chinese goods.

1 month ago | bloomberg.com | Ritsuko Ando

Asian stock markets surged, joining Wall Street’s celebration of a 90-day pause in tariffs by President Donald Trump. Japan’s Topix Index jumped 8% while shares in Taiwan, particularly dependent on tech exports to the US, surged over 9%. Treasuries rallied after a tumultuous session. Even in China, excluded from the tariff reprieve and hit with an even bigger hike in duties, stocks rose on expectations for Beijing to implement more stimulus measures.

2 months ago | bloomberg.com | Ritsuko Ando

There was never a question that CK Hutchison’s sale of its Panama Canal port assets to a BlackRock-led consortium might face backlash from China. The deal helped its owner, Hong Kong billionaire Li Ka-shing, escape the glare of the US President Donald Trump who’d threatened to take over the Panama Canal and falsely claimed that China operates the waterway. Sure enough, Li’s decision to pursue the sale without seeking Beijing’s approval irked China.

2 months ago | flipboard.com | Ritsuko Ando

2 hours agoExperts warned USAID's gutting would give China room to replace the US. Now, it's happening. • China is filling gaps left by the USAID shutdown in developing countries. • The US pulled billions of dollars out of developing countries, in programs ranging from health to education. • China's development aid efforts will likely focus on regions and sectors that align with its interests. The shutdown of …2 hours agoU.S. tech companies dominate as the most valuable brands in the world.