By Xinghui Kok KUALA LUMPUR (Reuters) -Top economic officials from the U.S. and China will face off in Kuala Lumpur on Saturday to try to avert an escalation of their trade war and ensure that a meeting happens next week between U.S. President Donald Trump and Chinese President Xi Jinping. The talks on the sidelines…
French President Emmanuel Macron told European Union leaders to consider using the bloc’s most powerful trade tool against China if they aren’t able to find a resolution to Beijing’s planned export controls on critical raw materials. France’s President Emmanuel Macron speaks during a press conference as part of the European Council meeting gathering the 27…
Weeks after China unveiled its lightweight but powerful Type 100 main battle tank featuring diesel-electric propulsion, the US Army’s pursuit of a similar design for a hybrid-electric next-generation version of the Abrams tank faces a new strategic hurdle. Beijing has imposed export controls on the advanced lithium batteries critical for powering such next-generation military systems,…
The Trump administration insists it holds the upper hand as trade friction with Beijing has reignited over its sweeping rare-earths export controls. While President Donald Trump’s initial response was to announce an additional 100% tariff and software restrictions on China, which controls more than 90% of the world’s processed rare earths and rare earth magnets,…
Nexperia has withheld access to work accounts and halted salaries for its employees in China, according to local news reports citing a letter from the Chinese unit of the Dutch chipmaker, marking the latest escalation in a growing political dispute between the Netherlands and China. The Chinese unit of Nexperia informed customers on Friday that…
US Treasury Secretary Scott Bessent confirmed plans to speak with Chinese Vice-Premier He Lifeng on Friday in a further sign of easing tensions ahead of a potential meeting between the two countries’ leaders. “The vice-premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o’clock,” Bessent said at the…
Treasury Secretary Scott Bessent said Wednesday he plans to coordinate with allies to counter China’s weaponization of rare-earth minerals. It’s the right move, though he might find it easier to rally the world if President Trump weren’t also hitting our allies with unprovoked unilateral tariffs. PREMIUM Treasury Secretary Scott Bessent Mr. Bessent earlier in the…
Workers at a large Nexperia packaging plant in the southern Chinese city of Dongguan said they are worried about becoming collateral damage in a simmering political dispute between the Netherlands and China that has upended the management of the Dutch semiconductor maker. During a visit by the Post on Thursday, operations at the factory appeared…
“DON’T WORRY about China, it will all be fine!” President Donald Trump posted on social media on October 12th, days after threatening retaliation for Beijing’s new export controls on batteries and rare earths. Don’t worry, world, it will all be fine, China’s Ministry of Commerce had said, roughly speaking, in a press briefing a day…
WASHINGTON (TNND) — A sudden escalation in the U.S.-China trade war has threatened to undo months of progress between the world’s two largest economies. The unraveling of what had been productive talks between the two superpowers began late last week when China announced new global export controls on its coveted rare earth minerals and products…