Page 4 - China Us Trade

US-China tariff status quo working well ahead of November, says Bessent

Bessent's remarks indicate that an easing of tensions between the two sides remains in place, potentially creating an opening for President Donald Trump to meet Chinese leader Xi Jinping

Trump delays tariffs on China over Russian oil, says 'may revisit in weeks'

This pause in tariffs could offer India a short-term relief on crude prices and import costs despite higher duties

South Korean President Lee to meet Trump in Washington on August 25

South Korea's new President Lee Jae Myung will travel to Washington later this month to meet with US President Donald Trump, Lee's office said Tuesday, for talks on trade and defence cooperation in the face of nuclear-armed North Korea and other threats. Their August 25 summit will follow a July trade deal in which Washington agreed to cut its reciprocal tariff on South Korea to 15 per cent from the initially proposed 25 per cent and to apply the same reduced rate to South Korean cars, the country's top export to the United States. South Korea also agreed to purchase USD 100 billion in US energy and invest USD 350 billion in the country, and the leaders could use their meeting to discuss expanding cooperation in key industries such as semiconductors, batteries and shipbuilding, Lee's spokesperson Kang Yu-jung said. The meeting also comes amid concerns in Seoul that the Trump administration could shake up the decades-old alliance by demanding higher payments for the US troop presence

Trump urges China to quadruple soybean buys amid tariff truce talks

In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the US

China urges US to ease AI chip export controls for trade deal: Report

The FT said China is concerned because the US HBM controls hamper the ability of Chinese companies such as Huawei to develop their own AI chips

Trump ends $800 duty-free rule, targeting China's e-commerce industry

US President Donald Trump ends the $800 duty-free exemption on imports from August 29, targeting Chinese e-commerce like Shein and Temu

Top Chinese, US officials huddle in Sweden for 2nd day of tariff talks

Chinese and US trade officials arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world's two largest economies. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng made no public comments to reporters after the first day of talks that lasted nearly five hours behind closed doors at the Swedish prime minister's office Monday. Before the talks resumed Tuesday, Swedish Prime Minister Ulf Kristersson met with Bessent and US trade representative Jamieson Greer over breakfast. The United States has struck deals over tariffs with some of its key trading partners including Britain, Japan and the European Union since President Donald Trump announced Liberation Day tariffs against dozens of countries in April. China remains perhaps the biggest unresolved case. The Chinese have been very pragmatic," Greer said in comments posted on social media by his office la

Chinese smartphone prices drop 45% in US as export volumes crash in June

Chinese smartphone exports to the US plunged 71% in June, despite a 45% drop in average prices amid tariff tensions

Why is China losing its shipbuilding dominance: Trump or global slowdown?

New ship orders for Chinese shipyards plunged 68 per cent year-on-year to 26.3 million deadweight tonnes (dwt) in the first six months of 2025, marking one of the steepest declines in recent years

China warns Trump on tariffs, threatens retaliation on supply chain deals

China, initially singled out with tariffs exceeding 100 per cent, has until August 12 to reach an agreement with the White House to keep Trump from reinstating additional import curbs

US lifts chip software curbs on China, EDA firms begin restoring access

World's three largest electronic design automation (EDA) firms - Siemens, Synopsys, and Cadence - confirm rollback of US chip curbs on China

New US-Vietnam deal risks retaliation from China over Trump tariffs

While the US levy on Vietnam is lower than the 46 per cent initially imposed by President Donald Trump in April, it's double the 10 per cent universal base rate being applied

Beijing on alert as US trade deals seek to curb Chinese supply chains

That will hit products with components from China and possibly other nations, which are routed through Vietnam or subject to only minimal final assembly before being exported to the US

China ready to discuss trade tariffs and subsidies with US at WTO

Following positive trade talks in Geneva and London, China indicated openness towards discussing tariffs within the WTO

Fireworks for July 4 safe this year, tariff talks may dim them in future

Like clockwork, Carla Johnson sends out letters every spring asking for donations to help pay for the annual Fourth of July fireworks show that draws tens of thousands of people to New Mexico's largest lake. And she has no reservations about doling out verbal reminders when she sees her patrons around town. There's too much at stake to be shy about fundraising when donations collected by Friends of Elephant Butte Lake State Park are what make the tradition possible. But even Johnson's ardent efforts as the group's fundraiser might not cut it next year if the US and China remain locked in a trade war. With nearly all of the aerial shells, paper rockets and sparkly fountains that fuel America's Fourth of July celebrations being imported from China, volunteer groups like Johnson's and cities big and small have been closely watching the negotiations. A 90-day pause on what had been massive tariffs brought some temporary relief, but industry experts acknowledge that the tiff has lit a f

China signals willingness to cooperate with US on fentanyl, deportations

China offers to work with the US on narcotics control and migrant repatriation, while warning Washington to uphold mutual respect - a step towards easing trade tensions

Chips won the cold war, but rare earth magnets could decide the next

In the first major US-China trade dispute of Trump's second term, Beijing was able to use its control of rare earths to force Washington to a deal last week

US, China reach agreement to ease export curbs, keep tariff truce alive

US commerce secretary Lutnick said the London agreement would lift some recent US export restrictions but gave no details after talks ended

US-China trade talks enter day 2 in London amid rare earths, export dispute

US-China trade talks aim to defuse rising tensions over chip exports and critical minerals, revive Geneva truce, and ease strain on global supply chains amid signs of economic stress

China's exports to US drop 35% in May ahead of trade talks in London

China's exports rose 4.8 per cent in May from a year earlier, lower than expected as shipments to the United States fell nearly 10 per cent, according to customs figures released on Monday. Imports declined 3.4 per cent year-on-year, leaving a trade surplus of USD 103.2 billion. China exported USD 28.8 billion to the United States in May, while its imports from the US fell 7.4 per cent to USD 10.8 billion, the report said. Trade slowed in May after China's global exports jumped 8.1 per cent in April, even after US President Donald Trump struck a deal with Beijing to delay implementation of stiff tariff hikes to allow time for talks. The next round of US-China talks was due to take place later Monday in Britain.