Page 6 - China Us Trade

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.

China's April factory output, retail sales growth slow amid trade war pause

Retail sales, a gauge of consumption, rose by 5.1 per cent in April, down from a 5.9 per cent increase in March and compared with forecasts for an expansion of 5.5 per cent

Trump or not, the EU has no plans to revive 2020 investment deal with China

The EU is unwilling to resume the 2020 China investment deal despite diplomatic signals, focusing instead on trade imbalances and Beijing's industrial overcapacity

Eyeing US exodus, China dangles high salaries to bring scientists home

US' loss could be China's gain: Facing US funding cuts and political pressure, China is offering big paychecks to attract Chinese-born scientists considering leaving American universities and labs

US-China trade war risks making Europe dumping ground for cheap goods

As Europe tightens checks to block a surge of Chinese goods redirected from the US, data show China's trade surplus with the EU hit a record $90 billion in the first four months of 2025

US tariff pause on Beijing puts pressure on 'China-plus-one' countries

Vietnam, for example, was better off than China with a 46 per cent rate, while Thailand was at 36 per cent and Malaysia at 24 per cent

Markets to decide if 'substantial progress' enough after US-China talks

Early indicative prices in foreign exchange markets in Australia and Asia, showed both euro and yen edging lower against the US dollar

Baseline tariff 10% on all trade unless 'exceptional' offer made: Trump

After a UK trade deal retaining a 10% tariff, US officials urge Trump to maintain at least 10% levies on all imports to curb the trade deficit and boost domestic manufacturing

Trump team eyes tariff cuts, rare earths relief in China trade talks

The talks are expected to be exploratory, focusing on airing grievances rather than resolving the many issues between the US and China, according to people familiar with the matter

'Arranged at the request of the US': China on high-level trade talks

US-China trade war: Beijing urges respectful dialogue ahead of high-level trade talks with Washington in Switzerland

Top Trump officials to meet with Chinese counterparts amid trade war

Top US officials are set to meet with a high-level Chinese delegation this weekend in Switzerland, the administration announced Tuesday, in the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports. Treasury Secretary Scott Bessent and trade representative Jamieson Greer will meet with their counterparts in Geneva in the most-senior known conversations between the two countries in months. It comes amid growing US market worry over the impact of the tariffs on the prices and supply of consumer goods. Trump had claimed previously that the US and China were holding negotiations on lowering tariffs, which Beijing has denied, saying Trump must first lower his stiff tariffs. Bessent earlier Tuesday testified to a House committee that the US and China have not engaged in negotiations but as early as this week, the US will be announcing trade deals with some of the US' largest trading partners. The Chinese Commerce Ministry

Trump tariffs fear makes Japan walk delicate tightrope between US, China

Just as Japan's top trade negotiator travelled to Washington for another round of tariff talks last week, a bipartisan delegation bearing the name of Japan-China Friendship wrapped up a visit to Beijing. A week earlier, the head of the junior party in Japan's ruling coalition was in Beijing delivering a letter from Japanese Prime Minister Shigeru Ishiba addressed to Chinese President Xi Jinping. Details of the letter are unknown, but the two sides discussed US tariffs in addition to bilateral issues. Among all US allies being wooed by Beijing in its tariff stare-down with Washington, Japan stands out. It is a peculiar case not only for its staunch commitment to its alliance with the United States but also for its complicated and uneasy history with the neighbouring Asian giant particularly the war history from the 20th century that still casts a shadow over the politics of today. On one hand, they are neighbours and they are important economic partners. There's a lot that connects

Is it a good time to buy stocks? Chris Wood of Jefferies answers

With US stocks trading at nearly 19.2x forward earnings, global investors, Wood suggested, should continue to reduce positions in favour of Europe, China and India

Evaluating trade talks with US, says China hinting at possible thaw

China's Commerce Ministry said in a Friday statement that it had noted senior US officials repeatedly expressing their willingness to talk to Beijing about tariffs

China's export orders dip in April as Trump's tariffs begin to bite

Higher tariffs on US imports of products from China appear to be taking a toll on the world's second-largest economy, according to monthly surveys of Chinese factory managers released Wednesday. The official survey by the China Federation of Logistics and Purchasing shows export orders slowed in April, with Beijing and Washington in a standoff after US President Donald Trump ordered combined tariffs of up to 145 per cent on Chinese goods. China has imposed duties of up to 125 per cent on US products, with some exemptions. It has also ordered other retaliation, such as tighter restrictions on exports of some strategically important minerals used for high-tech products such as electric vehicles. The official manufacturing purchasing managers index fell to a 16-month low of 49.0 from 50.5 in March. That's on a scale where 50 marks the break between expansion and contraction. A private survey by the financial information group Caixin fell to 50.4 from 51.2. The sharp drop in the PMIs .

Trump's tariffs cloud economy as US firms scale back shipments from China

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president's massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks. And the higher costs and paralysing uncertainty could exact an economic toll: US consumers are in the biggest funk since COVID-19 hit five years ago, and economists say recession risks are climbing. An early sign of the damage is expected to emerge on Wednesday when the Commerce Department releases its first look at first-quarter economic growth. The economy is forecast to have expanded at an annual pace of just 0.8 per cent from January through March, according to a survey of economists by the data firm FactSet. That would be the slowest quarter of growth in nearly three years and would be down from a healthy 2.4 per cent in the last three

Politburo to shed light on Xi Jinping's strategy for trade war stimulus

The Politburo, the ruling Communist Party's 24-member decision-making body led by President Xi Jinping, is expected to assess the economy's outlook at a gathering by the end of this month