Germany’s finance minister said Thursday Beijing had made a “clear” commitment on ensuring rare earth supplies, following the first visit to China by a minister from Chancellor Friedrich Merz’s government. Germany and China have long had deep economic ties, but those have frayed in recent times over issues ranging from claims of unfair trade practices to…
China agreed to purchase US soybeans and other agricultural products as part of an agreement reached by the countries’ leaders on Oct. 30. Treasury Secretary Scott Bessent said China will start by purchasing 12 million metric tons (mmt) of soybeans from the U.S. between now and January, then purchase 25 mmt of US soybeans annually…
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Almost exactly 10 years ago, a remarkable thing happened in a conference hall on the outskirts of Paris: After years of bitter negotiations, the leaders of nearly every country agreed to try to slow down global warming in an effort to head off its most devastating effects. The core idea was that countries would set…
Plying everything from handbags to salt in a cavernous Shanghai exhibition hall, US exporters hit by the trade war with China said Thursday they hope improving bilateral relations will bring much-needed stability. After spending much of this year in a tit-for-tat tariff escalation, the United States and China have agreed to walk back from some…
by Henrique Viacelli Falco, MU Extension Reuters’ Ella Cao and Naveen Thukral reported that “China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.” “As the two nations battle over trade tariffs, the…
Chinese leader Xi Jinping met South Korean counterpart Lee Jae Myung on Saturday, after taking centre stage at an Asian summit in the wake of US leader Donald Trump’s departure. The talks on the sidelines of the APEC gathering came the final day of Xi’s first trip to South Korea in over a decade, and…
new video loaded: How the Trump-Xi Meeting Eased a Major Trade War President Trump and China’s leader Xi Jinping just had a highly anticipated meeting in South Korea. David Pierson, a New York Times foreign correspondent covering China, breaks down what they accomplished and how they de-escalated a major trade war. By David Pierson, Christina…
new video loaded: Nvidia, Samsung, Hyundai Leaders Share Fried Chicken and Beer The leaders of Nvidia, Samsung and Hyundai hung out over Korean fried chicken and beer on Thursday in Seoul. Their casual outing signaled the deepening ties between Nvidia, the American chip maker, and South Korea’s auto and tech conglomerates. By Hannah Yi October…
Wall Street’s major indices pushed higher on Tuesday, a day after striking record highs on optimism over a reduction in US-China trade tensions. “Record highs yesterday for the major indices weren’t enough,” said Briefing.com analyst Patrick O’Hare. “The market is coming back for more this morning, heartened by recent earnings reports, visions of a rate…