Senate Considering South China Sea Sanctions on China as Massive Trade War Rattles Relations

A bipartisan group of U.S. senators will reintroduce legislation Thursday that would allow the government to sanction Chinese individuals and groups involved in Beijing’s activity in the South and East China Seas. The South China Sea and East China Sea Sanctions Act—sponsored by Republican Senators Marco Rubio of Florida and Tom Cotton of Arkansas, and Democratic Senator Ben Cardin of Maryland—was designed to pressure China to cease its enforcement of territorial claims in the waters off the country’s coast, The South China Morning Post reported. If it is signed into…

Explainer: U.S.-China trade war – the levers they can pull

WASHINGTON (Reuters) – The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground. FILE PHOTO: A U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao Zedong among U.S. and Chinese flags in this illustration picture taken May 20, 2019. Picture taken May 20, 2019. REUTERS/Jason Lee/Illustration/File Photo Beijing has said it would retaliate after President Donald Trump blacklisted Chinese telecom giant Huawei and the United…

Japan, Philippines urge cool heads to prevail in trade and South China Sea as tensions escalate, East Asia News & Top Stories

TOKYO – Japan’s chief trade negotiator Toshimitsu Motegi on Friday (May 31) called for cool heads to prevail in what has effectively become an “escalation of tariff hikes” that will hurt the global economy. Mr Motegi, who is economic revitalisation minister, is Japan’s point man for trade talks with the United States. He told the 25th Nikkei Future of Asia conference on Friday that trade disputes ought to be resolved by “finding a solution based on rules and consultation”. This year’s two-day forum, themed “Seeking A New Global Order –…