All articles tagged with #economic relations
China and the US announced significant trade agreements covering tariffs, shipping, fentanyl, and export controls, signaling a temporary easing of tensions ahead of a high-stakes meeting between Xi Jinping and Donald Trump in South Korea, with potential impacts on markets and global trade dynamics.
China's Commerce Minister expressed optimism about upcoming trade talks with the US, emphasizing mutual respect and opposition to decoupling, as top officials prepare for negotiations and high-level meetings at the Asia-Pacific summit.
China and the US will hold economic and trade talks in Malaysia from October 24 to 27, led by Chinese Vice Premier He Lifeng, to discuss key issues in their economic relations following recent high-level communications.
The US and China have extended their tariff truce for another 90 days, allowing time for negotiations on trade issues, with the possibility of a summit between President Trump and Xi Jinping later this year, amidst ongoing tensions and efforts to stabilize economic relations.
President Trump announced that the U.S. will impose a 25% tariff on Indian goods starting August 1, after failed trade negotiations, citing high tariffs and trade barriers as reasons, and also plans to impose additional penalties related to India's trade with Russia, complicating efforts for a trade deal between the two countries.
Top US and Chinese officials are meeting in Stockholm to discuss extending a fragile trade truce amid ongoing tensions, with negotiations focusing on tariffs, market access, and potential high-level meetings, including possible talks between President Trump and Xi Jinping.
Top US and Chinese officials are meeting in Stockholm to extend a fragile trade truce amid ongoing tensions, with discussions focusing on tariffs, market access, and potential high-level meetings, including possible US-China summit.
The US and China are expected to extend their 90-day tariff truce by another three months, avoiding additional tariffs during this period, ahead of upcoming trade talks in Stockholm involving US and Chinese officials, with discussions likely to cover broader economic issues.
President Donald Trump announced a historic trade deal with Japan, including reciprocal tariffs and a $550 billion investment, aimed at boosting US jobs and trade relations, though details remain limited and Japan's government is reviewing the agreement.
European Commission President Ursula von der Leyen criticized China for trade distortions and unfair practices, demanding a rebalancing of economic relations ahead of a planned EU-China summit, amid ongoing tensions over tariffs, subsidies, and market access.
China has largely remained silent on the US's recent $3.4 trillion debt-increasing bill, possibly to avoid jeopardizing its fragile trade truce with the US and because it is reducing its holdings of US debt, focusing instead on strengthening its own economic influence and reducing reliance on the dollar.
President Trump announced a trade agreement with Vietnam that includes a 20% tariff on Vietnamese imports to the US and offers Vietnam tariff-free access to US markets, amid ongoing trade tensions and tariff adjustments.
The US and China have finalized a trade understanding, including China’s commitment to supply rare earths, which will lead to the lifting of US countermeasures once fulfilled. The agreement is part of broader US efforts to secure trade deals with major partners, with plans to finalize additional agreements soon. However, the scope of these deals remains uncertain, and they are unlikely to resolve all longstanding trade issues.
President Trump accused China of violating a preliminary trade agreement, claiming China has not complied with the terms of a 90-day tariff suspension, leading to concerns and falling stock futures. The deal was intended to pause retaliatory tariffs and stabilize trade relations, but recent statements suggest tensions have escalated again.
Chinese President Xi Jinping met with a group of US chief executives, including the heads of Apple and Blackstone, in an effort to improve economic relations between the two countries, emphasizing China's commitment to opening up its markets and addressing concerns about intellectual property rights. This meeting comes amid ongoing trade tensions and increased scrutiny of Chinese companies by the US government.