WASHINGTON: U.S. President Donald Trump and Chinese leader Xi Jinping will discuss a trade framework to reduce U.S. tariffs on Chinese goods in exchange for Beijing’s commitment to curb exports of fentanyl precursor chemicals, the Wall Street Journal said on Tuesday. Details of the agreement would be hammered out in subsequent negotiations, and the expected…
US Treasury Secretary Scott Bessent confirmed the finalization of an agreement on TikTok, following months of negotiations over Chinese control of the app’s algorithm. “We reached a final deal… and I believe that as of today, all the details are ironed out,” speaking to CBS from Kuala Lumpur, Bessent said, noting that the leaders would…
US President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse in trade talks that began with Chinese authorities tightening control over rare earth exports. The new trade actions were Trump’s reaction to China dramatically expanding its export controls on rare earth…
More than 1.6 million traders lost over $19 billion on cryptocurrency bets as the market crashed from Donald Trump‘s announcement of additional 100 per cent tariffs on China, according to a Bloomberg report. Citing 24 hour data from Coinglass, the report noted that more than $19 billion have been wiped out in the “largest liquidation…
United States Donald Trump announced that he is going to impose an additional 100 per cent tariffs on US-bound Chinese exports starting November 1. Trump had earlier announced a summit with Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation forum, starting October 31 in South Korea.(AFP) This would be over and above any…
US President Donald Trump on Monday hinted at imposing 200% tariffs on China if the country did not supply rare earth magnets, essential to the automotive, electronics and defense industries, to America. US President Donald Trump and China’s President Xi Jinping.(REUTERS) While he heaped praise on China for “intelligently” taking control of the monopoly of…