Page 11 - Us China Trade War

'No winners in tariff wars': Xi Jinping urges unity to secure global peace

Xi Jinping calls for global unity and criticises tariff wars at the China-Celac Forum as he unveils major cooperation plans with Latin America and the Caribbean amid US tensions

China lifts ban on Boeing deliveries after 90-day tariff pause with US

The decision comes a day after the two countries announced a 90-day pause on tariffs and agreed to slash them by 115 percentage points

Oil prices ease on concerns over rising supply, US-China trade deal caution

The US and China agreed to slash steep tariffs for at least 90 days, sending Wall Street stocks, the US dollar and crude prices sharply higher

Indian Rupee opens 71 paise stronger at 84.67/$ as border tensions ease

The domestic currency opened 71 paise higher at 84.67 after ending at 85.38 against the greenback on Friday

Asian markets rally as US-China trade truce lifts investor sentiment

Japan's Nikkei soared 2 per cent, touching its highest level since February 25, and tech-heavy Taiwan also rose 2 per cent

US, China declare 90-day tariff pause, agree to mutual reductions

During this 90-day window, the US will lower its tariffs on Chinese goods from 145 per cent to 30 per cent. In a similar move, China will bring down tariffs on American imports from 125% to 10%

US-China talks advance, but questions remain over rare earths, de minimis

The US will lower extra tariffs on Chinese goods from 145% to 30%, while China will cut tariffs on US products from 125% to 10%. However, uncertainty remains over rare earth exports.

'China, US agree to set up economic, trade consultation mechanism'

Earlier on Sunday, the US announced a trade deal with China in Geneva. US Secretary of the Treasury Scott Bessent said there has been substantial progress between the nations

Asian shares advance as details awaited on progress in China-US trade talks

Asian shares advanced Monday after two days of trade talks between China and the US made what the US side said was substantial progress. US futures and oil prices advanced. Officials said a joint statement would be issued later Monday following the trade talks in Geneva over the weekend. Investors are also watching for developments in other flashpoints including clashes between India and Pakistan, the war in Ukraine and conflict in the Middle East. India's Sensex jumped about 2.5% after it and Pakistan agreed to a truce after talks to defuse their most serious military confrontation in decades. The two armies have exchanged gunfire, artillery strikes, missiles and drones that killed dozens of people. In Hong Kong, the Hang Seng gave up early gains to trade up 0.6% at 23,009.64, while the Shanghai Composite Index picked up 0.4% to 3,355.54. Chinese EV battery maker CATL, or Contemporary Amperex Technology Co, Ltd., said in a prospectus filed with the Hong Kong Stock Exchange that i

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

US-China trade talks to boost market sentiment in Asia, say strategists

Chinese Vice Premier He Lifeng said the world's two biggest economies agreed to create a mechanism for further discussions

'Total reset' in works, US-China tariff talks made great progress: Trump

Sensitive talks between US and Chinese delegations over tariffs that threaten to upend the global economy ended after a day of prolonged negotiations and will resume Sunday, an official told The Associated Press. Hours after the talks concluded, US President Donald Trump posted on social media that a reset on trade between both countries was being discussed. "A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner," Trump wrote. "We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!" The meeting lasted over 10 hours and featured Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and a delegation led by Chinese Vice Premier He Lifeng. The official who spoke to the AP requested anonymity because of the sensitivity of the talks, which could help stabilise world markets roiled by the US-China .

Wary investors hope US-China talks will ease high-stakes trade war

The highly anticipated meeting in Switzerland could mark one of the biggest developments since US President Donald Trump launched sweeping tariffs on April 2

US, China begin tariff talks in Geneva amid global trade concerns

The US Treasury Secretary and America's top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world's two biggest economies and damage the global economy. The Xinhua News Agency says Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer have begun meetings in Geneva with a Chinese delegation led by Vice Premier He Lifeng. Diplomats from both sides also confirmed that the talks have begun but spoke anonymously and the exact location of the talks wasn't made public. Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes tariffs they've slapped on each other's goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade. US President Donald Trump last month raised US tariffs on China to a combined 145%, and .

US, China officials to meet in Geneva for tariff talks amid hopes globally

The US treasury secretary and America's top trade negotiator will meet with high-ranking Chinese officials in Switzerland this weekend to de-escalate a dispute that threatens to cut off trade between the world's two biggest economies and to damage global commerce. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet in Geneva with a Chinese delegation led by Vice Premier He Lifeng. Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes tariffs they've slapped on each other's goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade. US President Donald Trump last month raised U.S. tariffs on China to a combined 145%, and China retaliated by hitting American imports with a 125% levy. Tariffs that high essentially amount to the countries' boycotting each other's products, disrupting trade that last year topp

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

80% tariff on China 'seems right,' says Trump ahead of key trade talks

Trump signals tariff cut from 145% to 80% on Chinese goods ahead of US-China trade talks in Switzerland, marking a possible shift in his ongoing trade war stance

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

China expresses confidence in ability to manage trade tensions with US

The weekend talks involving top US and Chinese economic and trade officials are widely seen as a first step towards resolving a trade war

From Apple to GM, Trump tariffs to cost companies tens of billions

Among US companies that have disclosed financial projections so far, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs in the current quarter