US hits Chinese, Russian firms over Moscow military aid

WASHINGTON: US President Joe Biden’s administration on Monday (Sep 25) imposed new trade restrictions on 11 Chinese and five Russian companies, accusing some of supplying components to make drones for Russia’s war effort in Ukraine. The Commerce Department, which oversees export policy, added a total of 28 firms, including someContinue Reading

Raimondo warns China patience of US business is ‘wearing thin’

WASHINGTON: US Commerce Secretary Gina Raimondo cautioned China in interviews on Sunday( Sep 3 ) that US businesses’ patience was” wearing thin ,” saying they deserved” predictable environments and a level playing field.” Previously, the two largest economies in the world were each other’s main trading associates. Today, Beijing tradesContinue Reading