(Bloomberg) — US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements. The US and China have agreed to a series of 90-day truces since earlier this year, with…
(AI image generated using ChatGPT) US President Donald Trump struck a markedly softer tone on China on Sunday, referring to President Xi Jinping as “highly respected” and insisting the United States wants to “help” China, not hurt it, despite escalating tensions over rare earths and looming tariffs. “Don’t worry about China, it will all be…
By Eduardo Baptista and Selena Li BEIJING/HONG KONG (Reuters) -China called U.S. President Donald Trump’s latest tariffs on Chinese goods hypocritical on Sunday and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products. Trump on Friday responded to Beijing’s most recent export controls…
AI image for representation The TOI correspondent from Washington: The trade war between the United States and China dramatically escalated this week, reaching a new and alarming phase after tit-for-tat export controls that rattled markets even as they were closing on Friday. Barring a pullback by both sides over the weekend, more pain is expected…
US President Donald Trump on Friday reignited his trade war with China, announcing an additional 100 per cent tariff on Chinese imports, escalating tensions between the world’s two largest economies. US President Donald Trump shakes hands with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan,…
US President Donald Trump on Friday clarified that he did not cancel his meeting with Chinese President Xi Jinping after his recent remarks about having “no reason to meet Xi” had triggered speculations about the two leaders’ upcoming meeting. Speaking to reporters, Trump said he had not officially cancelled the meeting with Xi, but expressed…
China has placed sweeping new restrictions on rare earth materials and equipment in a move that could deny U.S. companies and defense contractors access to critical building blocks in their supply chains. The export controls, laid out on Thursday in two notices issued by China’s Commerce Ministry, were a subtle shot across the bow to…
By Eric Onstad and Amy Lv LONDON/BEIJING (Reuters) -Prices of two rare earth elements needed for super-strong magnets have surged to their highest in more than two years after U.S. miner MP Materials (MP) stopped raw material exports to leading magnet maker China amid rising demand. China dominates the global supply chain for rare earths,…
By Eric Onstad and Amy Lv LONDON/BEIJING (Reuters) -Prices of two rare earth elements needed for super-strong magnets have surged to their highest in more than two years after U.S. miner MP Materials stopped raw material exports to leading magnet maker China amid rising demand. China dominates the global supply chain for rare earths, accounting…
Rare earths are needed for everything from consumer electronics to electric vehicles, wind turbines and fighter jets – and China controls the supply chain. In the third of a four-part series, we look at how Beijing’s dominance in the critical minerals is matching up to Washington’s lead in artificial intelligence, as well as how they…