China will effectively suspend implementation of additional export controls on rare earth metals and terminate investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House issued a fact sheetBloomberg Terminal on Saturday outlining some details of the trade pact agreed to earlier this week by President Donald Trump and…
African copper shipments to China are being disrupted by the temporary closure of a crucial exporting port in Tanzania following election unrest. Copper traders and producers in the central Africa copperbelt are now seeking to reroute cargoes from the Port of Dar es Salaam, leading to congestion at other ports including Durban, in South Africa,…
When the US and China settled their earlier trade war in 2020, American soybean producers saw their exports surge to near record levels. This time around, any deal is likely to yield far smaller rewards. President Donald Trump and his counterpart Xi Jinping are expected to sign off on terms of a framework struck by…
Trade tensions between the U.S. and China appear to have cooled, just days ahead of a meeting between President Donald Trump, who arrived in Malaysia on Sunday for the Association of Southeast Asian Nations (ASEAN) summit, and Chinese President Xi Jinping, with both sides saying they were close to a potential agreement. If a trade…
Trump expressed confidence in the ability of U.S. and Chinese negotiators to fashion an agreement that stops the cycle of tit-for-tat tariffs and export-control reprisals that have characterized U.S.-China trade relations since April. “I think we’re going to have a good deal with China. I think if we make a deal, it’s going to be…
Supply Lines is a daily newsletter that tracks global trade. Sign up here. As German firms wrestle with new Chinese controls on rare earths, they are handing Beijing sensitive supply chain information it could potentially use to squeeze manufacturers or shut down production lines in Europe’s biggest economy. Source link
Hi, this is Allen Wan in Shanghai. It’s getting difficult to keep score in the US-China trade war. Both countries are hitting each other with seemingly daily threats and harsh rhetoric, possibly to build leverage before a big potential meeting between President Donald Trump and Chinese counterpart Xi Jinping in the coming weeks. Source link
Merz has been under rising political pressure at home to do more to address Germany’s economic malaise. Following two straight years of economic contraction, economists expect little if any growth this year, in part due to U.S. President Donald Trump’s tariff policies, which hit Berlin’s export-oriented economy particularly hard. German business leaders are now urging…
China has announced it is monitoring Mexico’s ongoing antidumping probes into Chinese products and urged the country to uphold World Trade Organization (WTO) rules throughout the process, a spokesperson for China’s Ministry of Commerce said, who was not identified. “We have noted that Mexico’s Ministry of Economy, at the request of domestic companies, has recently…
The official non-manufacturing PMI, which covers services and construction, fell to 50.0 in September, its lowest reading since November. The composite PMI, which combines manufacturing and non-manufacturing data, edged up slightly to 50.6 from 50.5 in August. Overall, the data points to slow economic momentum across multiple sectors. Source link