Page 5 - China Us Trade

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.

US-China trade talks in London to tackle fresh disputes, tariff truce

US-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs. Both sides agreed in Geneva last month to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, rare earths that are vital to carmakers and other industries, and visas for Chinese students at American universities. President Donald Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the next day that trade talks would be held on Monday in London. Technology is a major sticking point The latest frictions began just a day after the May 12 announcement of the Geneva agreement to pause tariffs for 90 days. The U

Xi will restart rare earth supply, trade talks set for June 9: Donald Trump

Trump and Xi held a 90-minute call on Thursday that saw the two agree to defuse growing tensions spurred by concerns over the flow of critical minerals needed by American firms

US, Chinese officials to hold new round of trade talks in London next week

Senior US administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, President Donald Trump said Friday. The meeting comes after a phone call between Trump and Chinese leader Xi Jinping on Thursday, which the US president described as a very positive conversation as the two countries attempt to break an impasse over tariffs and global supplies of rare earth minerals. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will represent the US side in the trade talks. The meeting should go very well, Trump wrote on his social media platform Friday afternoon.

China's overseas income tax global crackdown expands beyond ultra-rich

Chinese authorities are seeking to boost fiscal income and narrow a record budget deficit as Beijing has ramped up stimulus to counter US tariffs

Trump calls Xi 'very tough' after accusing China of breaching trade pact

Donald Trump ramps up US-China tensions, alleging Beijing violated a May minerals agreement, as trade talks with Xi Jinping stall, fresh visa curbs stir diplomatic unease

China accuses US of violating trade truce over chip curbs, vows retaliation

US-China truce in jeopardy as Washington and Beijing trade accusations over Geneva trade agreement violations

Macron touts 'positive new' Asia-Europe alliance amid US-China rivalry

French President Emmanuel Macron has called on European and Asian nations to work together to build a "positive new alliance" to avoid being dragged into the growing rivalry between the US and China. Addressing the Shangri-La Dialogue in Singapore, Macron singled out the China-US rivalry as the biggest risk confronting the world. France's longstanding goal for Europe's strategic autonomy is also relevant for Asian countries, which share many of the same interests and can combine forces with like-minded European partners as they seek a third way, Macron said in the speech on Friday. The time for non-alignment has undoubtedly passed, but the time for coalitions of action has come and requires that countries capable of acting together give themselves every means to do so, Macron said in his keynote address. Let's build a positive new alliance between Europe and Asia, based on our common norms, on our common principles. Our shared responsibility is to ensure with others that our countr

Chinese students looking for new destinations amid Trump's visa crackdowns

Many students in the US, including Indians, face challenges as Trump's tighter visa scrutiny creates growing uncertainty for international students in the country

US futures jump while Asian shares slip after Trump delays EU tariffs

US futures jumped Monday and Asian shares mostly fell after US President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9 from June 1. Trump announced the decision after a call Sunday with Ursula von der Leyen, the president of the European Commission, who said she wants to get down to serious negotiations, according to the US president's retelling. Last week, Trump said on social media that trade talks with the European Union were going nowhere and that straight 50% tariffs could go into effect on June 1. The future for the S&P 500 gained 1% while that for the Dow Jones Industrial Average advanced 0.8%. In Asian trading, Tokyo's Nikkei 225 climbed 0.7% to 37,427.48 while the Kospi in Seoul picked up 1.2% to 2,622.07. Hong Kong's Hang Seng lost 1% to 23,370.94 and the Shanghai Composite Index fell 0.3% to 3,338.42. Australia's S&P/ASX 200 was nearly unchanged at 8,360.70. Other regional markets were mostly lower. On Friday, US

Indian stocks unlikely to give significant return in next 1-yr: Marc Faber

Faber finds countries like Indonesia, Thailand, and Malaysia more attractive than India right now.