The remarks from Scott Bessent come two weeks after the two nations agreed to a 90-day tariff pause along with mutual reductions
The remarks by the Chinese spokesperson came hours after Marco Rubio announced that the Trump administration would work to aggressively revoke visas of Chinese students
The Trump administration this year banned Nvidia from selling its H20 chips to Chinese customers, the third round of such restrictions since 2022
Just two-and-a-half weeks after agreeing to suspend tariffs, both countries are using export controls to disrupt each other's key industries
Economists sharply disputed how much pain Trump's tariffs caused, but the message underscored the centrality of jobs to China's export-reliant economy
Some retailers in the US have cautioned that they won't, as Trump suggested, eat the additional costs caused by the increased import taxes
A regional association of Southeast Asian nations is set to hold a three-way summit Tuesday with China and six Gulf countries in what officials called an effort to bolster economic resilience as they grapple with global volatility and US tariffs. Malaysian Prime Minister Anwar Ibrahim, opening a summit in Malaysia's capital Kuala Lumpur between the 10-member Association of Southeast Asian Nations and the Gulf Cooperation Council, said a stronger ASEAN-GCC relationship would be key to enhancing interregional collaboration, building resilience and securing sustainable prosperity. Chinese Premier Li Qiang will join the two blocs in their first such meeting later Tuesday, as Beijing seeks to present itself as a reliable ally to the region. I believe the ASEAN-GCC partnership has never been more important than it is today, as we navigate an increasingly complex global landscape marked by economic uncertainty and geopolitical challenges, Anwar said. Malaysia is the current chair of ASEAN
With most of the events taking a back seat, the markets have been trading sideways, looking for a direction; Here's what Emkay recommend
China and Asean conclude negotiations to modernise their 15-year-old FTA, even as Beijing and Washington agree to a 90-day tariff truce following weeks of trade retaliation
China's delay in approving export licences threatens manufacturing, EVs, and defence tech worldwide
Amid US curbs on chip exports, Nvidia seeks to retain foothold in China as competitors rush to fill AI chip vacuum
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
Unlike the Biden administration, which emphasized democratic credentials, Trump has signaled that alignment with the US depends more on what partners can bring to the table
Data from earlier in the week showed US retail sales growth losing steam in April, while consumer prices staged a moderate rebound
Both contracts fell more than 2 per cent in the previous session on the prospect of an Iranian nuclear deal, which could result in more barrels being released onto the global market
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
In India, infrastructure and consumption continue to be the primary themes that investors are keenly monitoring, BofA Securities said
The 90-day temporary easing of US tariffs on China has introduced a high level of uncertainty, with the Chinese auto sector weighing the short-term and long-term impact
The Trump administration's decision to cut the 'de minimis' tariff on Chinese shipments comes a day after the US and China held trade negotiations in Geneva
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