China’s vice premier He Lifeng and US Treasury Secretary Scott Bessent are expected to attend the meeting in South Korea Wednesday. (File pic) BEIJING: Senior Chinese and US officials will hold talks in South Korea in the coming days, Beijing’s commerce ministry and Washington’s treasury secretary said Sunday, ahead of an expected summit between leaders…
“I HAVE A lot of respect for President Xi,” Donald Trump declared in recent days. “He likes me a lot, I believe, and respects me.” America’s leader is betting on charm and magnetism to win the day when he sees his Chinese counterpart on October 30th in South Korea. It will be the most important…
Global equities paused their record-breaking rally in Asian trading as investors braced for a flurry of earnings from megacap technology companies and policy announcements from major central banks this week. Asian sharesfell 0.4% and futures pointed to a weaker open for Europe. Japanese shares extended their drop as the yen gained. Contracts for the US…
US President Donald Trump on Monday warned that his administration could impose tariffs as high as 155 per cent on Chinese imports from November 1 if trade negotiations between the two countries fail to produce an agreement. Speaking at the White House after talks with Australian Prime Minister Anthony Albanese, Trump said Beijing had shown…
Beijing and Washington conducted working-level talks on Monday despite a renewed escalation in trade tensions, China’s Ministry of Commerce has said, urging the US to “show sincerity for dialogue”. “The US cannot engage in dialogue while intimidating and threatening to impose new restrictions. This is not the right way to deal with China,” the ministry…
US Treasury Secretary Scott Bessent said on Tuesday that he expected a final agreement on the ByteDance-owned short-video app TikTok to be reached when US President Donald Trump speaks with Chinese leader Xi Jinping on Friday. China had a long list of demands during talks in Madrid this week, Bessent said. He described the negotiations…
Brazil announces $5.5B package to counter Trump’s tariffs Brazilian President Luiz Inacio Lula da Silva announced a plan on Wednesday to support exporters who have been hit by high tariffs of up to 50% imposed by US President Donald Trump on several products from the country.The plan provides credit of 20 billion reais ($5.5 billion;…
The United States and China have agreed to extend their tariff truce for an additional 90 days. Originally set to expire on Aug. 12, the agreement now runs until Nov. 10, ensuring that key imports such as electronics, apparel, and toys enter the United States with reduced tariff rates in time for the critical Christmas…
After months of considerable forbearance, the statement by the Ministry of External Affairs (MEA), on Monday (August 4, 2025), pushing back against the U.S. and the European Union (EU) for “targeting” India is significant. The statement came two hours after Mr. Trump had announced penalty tariffs against India, “substantially” above the current 25% rate set…
The high-water mark for Wall Street’s S&P 500 (^GSPC) targets has moved up amid the market rally. Oppenheimer chief market strategist John Stoltzfus boosted his year-end target to 7,100 from 5,950 in a note to clients on Sunday night as “progress on trade negotiations removes an uncertainty that had weighed on our market outlook.” The…