US Treasury Secretary Scott Bessent said on Tuesday that he would meet his Chinese counterparts in Sweden next week to continue trade talks between the two countries, suggesting the current pause in sky-high tariffs aimed at each other could be extended. Bessent told Fox Business that he would speak with Chinese officials on Monday and…
If a week is a long time in politics, after a bruising fortnight of wrestling with the world’s two superpowers, the European Union could be forgiven for thinking it has aged several decades. The bad news for the bloc’s bureaucrats is that they may have an even trickier few weeks to navigate before they are…
Hong Kong leader John Lee Ka-chiu has said the city will proceed with filing a complaint about the US’ punitive tariffs to the World Trade Organization (WTO) despite the truce between Washington and Beijing. The city’s business sector is also gearing up to take advantage of the 90-day tariff suspension window to front-load their shipments…
Nvidia CEO Jensen Huang’s surprise visit to Beijing to meet top Chinese officials this week was meant to convey the US chip giant’s commitment to China amid Washington’s tighter restrictions on semiconductor exports, analysts said. According to the official Xinhua news agency, Huang met He Lifeng, the Chinese vice-premier in charge of US-China trade talks,…
The barrage of retaliatory tariffs from China and the US could end quickly once talks start, given that both sides are open to dialogue. That was the assessment of a number of observers after an exchange of escalating duties in the past week. On Tuesday, US President Donald Trump raised levies on Chinese goods to…
China sought to reassure foreign corporate chiefs of the country’s business potential when Vice Premier He Lifeng met with the heads of Apple , Pfizer, Mastercard, Cargill and others on Sunday. He also met with pharmaceutical firm Eli Lilly, medical device company Medtronic and specialty glass maker Corning, a commerce ministry statement said. “China will…
Economic and trade connections were fundamental to China-US ties, Li emphasised. According to state news agency Xinhua, Li told the Republican lawmaker that China-US relations had reached a “new and significant juncture”, as he urged the US to abide by the “principles of mutual respect, peaceful coexistence” and cooperation. Li, China’s No 2 official, also…
The Hang Seng Index edged up 0.1 per cent to 23,495.17 at 10.05am local time, while the Hang Seng Tech Index was 0.5 per cent lower. On Friday, the indexes ended up 4 per cent and 6.5 per cent, respectively, their best trading day since October. On the mainland, the CSI 300 Index and the…
China said this weekend it was prepared to respond to a “discriminatory” United States presidential order restricting Chinese investment in critical American technology and infrastructure. On Saturday, President Donald Trump signed an “America First Investment Policy” memorandum ordering the US to “use all necessary legal instruments” to block Chinese-affiliated investments in American “technology, critical infrastructure,…
WASHINGTON — U.S. Treasury Secretary Scott Bessent traded policy complaints with Chinese Vice Premier He Lifeng on Friday, with Bessent telling Beijing to do more to curb fentanyl trafficking and rebalance its economy, and He voicing concerns about President Donald Trump’s new tariffs, the two governments said. The top economic officials from the world’s two…