Another high-stakes face-off between the United States and China has come and gone. The much-anticipated summit between Chinese President Xi Jinping and US President Donald Trump in Busan, South Korea, resulted in agreement on several points. The US agreed to reduce its so-called fentanyl tariffs on China by 10 per cent, suspend recently tightened technology…
US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
US President Donald Trump and his Chinese counterpart Xi Jinping have wrapped up a summit in South Korea with a deal to keep Chinese rare earth exports flowing. Refined tellurium is displayed at the Rio Tinto Kennecott refinery, May 11, 2022, in Magna, Utah. (AP) Here are some basic facts about these obscure elements making…
Chinese Premier Li Qiang on Monday urged the European Union to steer their ties in the “right direction” and address trade discord through dialogue as Beijing and Brussels continue struggling to see eye to eye. At a bilateral meeting with European Council President Antonio Costa in Kuala Lumpur, Malaysia, Li said Beijing was willing to…
As the presidents of China and the United States prepare to meet in South Korea next week, observers remain sceptical of breakthroughs but see potential for incremental steps towards mutual de-escalation of US-China tensions. Without confirming a bilateral meeting with Donald Trump, China’s foreign ministry said on Friday that Xi Jinping would visit South Korea…
In a turnaround from the tough stance he took a week ago, US President Donald Trump said Friday that he planned to meet with Chinese President Xi Jinping in South Korea in two weeks and suggested that imposing an additional 100 per cent tariff on all Chinese goods appeared unworkable. But he also blamed China…
European Union ministers have urged Brussels to take a “tough” response to China’s latest restrictions on rare earth exports. He added that he had received “a lot of concerned calls from European industry, especially car companies”. Last week, Beijing announced further controls that meant products with small traces of rare earths as well as processing…
The trade tensions between the United States and China have flared up once again, after a brief phase of calm, exposing how deep the divide and mistrust between the two giant economies still run.What began as a simmering disagreement over rare earth exports has now escalated into a full-blown confrontation, with both Washington and Beijing…
As part of the latest tit-for-tat between the two countries, China also imposed new port fees that primarily target US-built, flagged, owned or operated vessels, and launched an antitrust investigation into the tech firm Qualcomm on Friday. Similar port fees, announced earlier this year, are due to come into effect in the US later this…
U.S. President Donald Trump has warned that the United States holds “incredible cards” against China, saying that if he chose to play them, it would “destroy China.” Speaking at the Oval Office alongside South Korean President Lee Jae Myung, Trump hinted at possible tariffs of up to 200% if Beijing does not ease restrictions on…