US President Donald Trump hailed his high-stakes meeting on Thursday with Chinese leader Xi Jinping as a “great success”, marked by progress on thorny trade issues. Trump agreed to reduce America’s fentanyl-related tariffs on China by 10 percentage points and cut the overall tariff rate on Chinese imports from 57 per cent to 47 per…
Topline President Donald Trump agreed to several concrete concessions in his meeting with Chinese President Xi Jinping Wednesday, most notably a decrease in tariffs, but Beijing’s offers appear more vague and tentative, leading experts to conclude that Xi has successfully manipulated Trump’s trade wars to China’s advantage. Chinese President Xi Jinping meets with U.S. President…
SINGAPORE (Reuters) -U.S. President Donald Trump and China’s Xi Jinping concluded talks on Thursday at a South Korean air base with both leaders sounding optimistic about cooling trade tension between the world’s two largest economies. Trump said he struck a deal to reduce tariffs on China in exchange for Beijing resuming U.S. soybean purchases, keeping…
The other day US President Donald Trump said: “With a communist in charge? Look, you just go back a thousand years, it’s been done many times, a thousand years, it’s never worked once.” He was talking about Zohran Mamdani, the leading candidate for New York City’s mayoral election on November 4, who says he is…
By Xinghui Kok KUALA LUMPUR (Reuters) -Top economic officials from the U.S. and China will face off in Kuala Lumpur on Saturday to try to avert an escalation of their trade war and ensure that a meeting happens next week between U.S. President Donald Trump and Chinese President Xi Jinping. The talks on the sidelines…
By Rozanna Latiff and David Lawder KUALA LUMPUR/WASHINGTON (Reuters) -Top economic officials from the U.S. and China are due to arrive in Kuala Lumpur on Friday for talks to prevent a trade war escalation and keep next week’s meeting between U.S. President Donald Trump and Chinese President Xi Jinping on track. U.S. Treasury Secretary Scott…
With the US threatening to leverage its software strengths ahead of fresh trade talks with China in response to its recent export controls on rare earths, analysts say Beijing is unlikely to make major concessions, though progress could be made on issues such as soybeans or fentanyl. Washington is reportedly considering imposing curbs on a…
If there is any mystery over America’s historic agreement to partner with Australia this week on the supply of critical minerals, it is why it took so long. On April 4, just two days after Donald Trump’s much-touted Liberation Day tariffs panicked investors and sent markets into a tailspin, Beijing retaliated with its own ferocious…
CHATTANOOGA–The prevailing idea that the U.S. and China are locked in a trade war is missing the point, according to Leland Miller. What the two countries are engaged in is a war over who controls supply chains and “choke points” for critical products. At the FreightWaves’ Festival of Freight (F3) conference here, Leland Miller, the…
President Trump and Australian Prime Minister Anthony Albanese signed the framework of the critical minerals deal Monday that aims to boost US access to both the mining and processing of Australian rare earth resources. It was a move aimed squarely at China — which recently moved to choke off its own rare earth mineral exports…