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U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week and discuss what is likely to be an extension of an August 12 deadline for higher tariffs. Bessent told Fox Business that trade with China was in "a very good place" and the meetings in...
U.S. tariffs take center stage but China and the EU are quietly clashiThe U.S. tariff saga has stolen global spotlight from trade tensions between China and the European Union, which are now heating up. Accusations and investigations over each other’s trade practices have long been a staple of...
TIANJIN, China — Chinese Premier Li Qiang on Wednesday called on other countries to collaborate on trade, despite rising tariffs and other barriers. “Globalization will not be reversed,” he said through an official English translation, as he called on all sides not to turn trade into a political...
The United States (US) and China agreed to a preliminary deal on how to implement the consensus the two sides reached in Geneva, per Bloomberg. US negotiators said early Wednesday that they “absolutely expect” that issues around shipments of rare earth minerals and magnets will be resolved with...
Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution. German...
China on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worse. Trade frictions between Washington and Beijing have flared up after...
China’s Commerce Ministry on Monday rejected accusations from U.S. President Donald Trump that the country had violated a recent trade agreement signed in Geneva, Switzerland. China claimed it had “taken seriously, strictly implemented, and actively upheld the consensus reached at the talks with...
Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic are set to hold another round of talks in early June on the sidelines of a WTO meeting in Paris, according to the Global Times. “The two sides will conduct in-depth exchanges on the important topic of China-EU economic...
Tencent and Baidu, two of China’s largest technology companies, revealed how they’re keeping in the global artificial intelligence race even as the U.S. tightens some curbs on key semiconductors. The business’ methods include stockpiling chips, making AI models more efficient and even using...
Beijing and Washington maintained high-level contact with a call on Thursday between U.S. Deputy Secretary of State Christopher Landau and China’s Executive Vice Foreign Minister Ma Zhaoxu, signaling ongoing communication following their recent trade truce. According to the U.S. State Department,...
China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating...
The world got a taste of an effective U.S.-China trade embargo, and after a breakthrough on Monday with lowered tariffs, there’s no going back. China now has the “mutual respect” it has long craved from the U.S. U.S. Treasury Secretary Scott Bessent told CNBC’s Joe Kernen that “there is a sense...
As per the commerce ministry’s announcement on Wednesday, China has temporarily halted some non-tariff measures that were previously imposed on 17 U.S. entities from its unreliable entity list and 28 U.S. entities from its export control list. These entities were added to the lists in...
China has said that there have been no talks with the U.S. on elevated tariffs, even as recent remarks from the White House have raised hopes for a softening in trade tensions between the world’s two largest economies, according to CNBC. A spokesperson for China’s Ministry of Commerce said "at...
The National Development and Reform Commission of the People's Republic of China (NDRC) has trimmed the number of items on its negative list from 117 to 106. China's Negative List is a government-issued list that identifies areas and industries in which foreign investment is restricted or...
China’s ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war. Speaking at a public event in Washington on Saturday, details of which were...
The current US tariff rate will drag China’s GDP growth lower by c.1.8ppt. Any further increases in tariffs are likely to have little impact on China’s growth. Another CNY 1.5-2.0tn of fiscal support is needed, supported by moderately loose monetary policy, Standard Chartered's economists...
China’s reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, according to analysts based in Greater China. Hours after U.S. President Donald Trump announced additional 34% tariffs on China, the Chinese Ministry of Commerce called on the...
Donald Trump’s top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the U.S. president said on Friday amid an escalating tariff war. Talks between the world’s biggest economies would occur just days before the long-threatened April 2 unveiling of fresh U.S....
Chinese President Xi Jinping convened a high-profile meeting with leading entrepreneurs in Beijing on Monday, signalling a renewed emphasis on supporting the private sector following years of regulatory pressure. The meeting, attended by prominent figures such as Alibaba co-founder Jack Ma,...
