China's Foreign Ministry justified its imports of Russian oil on Aug. 8, suggesting Beijing will continue to purchase oil from Moscow despite U.S. President Donald Trump's tariff threats. "It is legitimate and lawful for China to conduct normal economic,

By Che Pan and Joe Cash BEIJING (Reuters) -China's top foundry SMIC said on Friday U.S. tariff policy had not led to a "hard landing" the company had initially feared and strong domestic demand would keep its production capacity tight until October.

The administration says the tariffs could bring in $50 billion each month. President Donald Trump celebrated the start of his long-awaited tariffs Thursday, declaring that money was “flowing into the USA at levels not thought even possible!