Page 3 - Us China Trade War

China buys first US soybean cargoes of season ahead of trade deal talks

The shipments are booked for loading and possible delivery later this year, according to people familiar with the matter. They asked not to be named as they are not authorized to speak to media

TikTok US ownership deal may be sealed in South Korea, says White House

The Trump administration has been signalling that it may have finally reached a deal with China to keep TikTok running in the US, with the two countries finalising it as soon as Thursday. President Donald Trump is visiting South Korea, where he will meet with Chinese President Xi Jinping to try to de-escalate a trade war. Treasury Secretary Scott Bessent told CBS's Face the Nation Sunday that the two leaders will consummate that transaction on Thursday in Korea. If it happens, the deal would mark the end of months of uncertainty about the fate of the popular video-sharing platform in the United States. After wide bipartisan majorities in Congress passed and President Joe Biden signed a law that would ban TikTok in the US if it did not find a new owner in the place of China's ByteDance, the platform was set to go dark on the law's January deadline. For a several hours, it did. But on his first day in office, Trump signed an executive order to keep it running while his administrat

Trump calls PM Modi a 'nicest looking guy, tough as hell' amid trade talks

Donald Trump said the US is doing a trade deal with India and that the two countries have a 'great relationship'

Rare earth producers look to US-led boom to counter China's dominance

Beijing has long supported strategic enterprises, either directly or through indirect means like inexpensive loans or a helping hand with permits, a far cry from West's economically driven approach

Washington's push to put US corn in Indian cars to face tough road ahead

New Delhi would seek a reciprocal US tariff of 20 per cent or less and a swift deal, fearing Indian exporters could fall further behind Southeast Asian rivals if negotiations drag on

End unpredictability: Leaders of US, China must step back from trade brink

The exact outline of what has been decided is not known - and may never be known - especially if one or both the leaders end up rejecting it

China's C919 jet faces turbulent skies amid rising US-China trade tensions

China's ambition to challenge Boeing and Airbus with its own homegrown passenger jet is running into turbulence, with deliveries of finished aircraft likely to fall far short of its target announced for this year. The C919 jet -- a single-aisle passenger plane aiming to rival Boeing's 737 and Airbus' A320 is made by state-owned aircraft manufacturer COMAC. Beijing is showcasing it as evidence of China's technological advancement and progress in self-reliance, though it uses many Western sourced components. Trade friction with Washington threatens to prevent COMAC from securing core parts for the programme that has been supported by huge Chinese government subsidies. COMAC faces significant risk from the volatile policy environment, with its supply chains vulnerable to export restrictions and tit-for-tat measures between the US and China, said Max J. Zenglein, Asia-Pacific senior economist at The Conference Board think tank. The C919 has 48 major suppliers from the US -- including

China asks US to protect 'hard-won' results ahead of Trump-Xi meeting

Xi and Trump are expected to sign off on the terms this week in South Korea when they sit down in person for the first time since the US president returned to power

US-China trade talks nearing agreement for Trump, Xi to review: US envoy

US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng on the sidelines of Asean summit

China's vice premier, top negotiator attend second day of US trade talks

The Chinese economic officials are meeting with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer

Trump begins Asia trip; eyes talks with China's Xi, Malaysia trade deal

President Donald Trump headed for Asia for the first time this term, a trip where he is expected to work on investment deals and peace efforts before meeting face-to-face with Chinese President Xi Jinping to try to de-escalate a trade war. I think we have a really good chance of making a very comprehensive deal, Trump told reporters traveling with him on Air Force One. He said he plans to discuss fentanyl trafficking with Xi, as well as China's lack of soybean purchases from the United States. "I want our farmers to be taken care of. And he wants things also, Trump said. The Republican president is using the trip to try to advance his diplomatic bona fides after recently brokering a ceasefire and hostage agreement between Israel and Hamas. During a refueling stop in Qatar on his long-haul flight to Malaysia, Trump met briefly aboard his plane with the ruling emir, Sheikh Tamim bin Hamad Al Thani, and the prime minister, Sheikh Mohammed bin Abdulrahman Al Thani. Trump said they talke

US, China move to defuse trade tensions ahead of Trump-Xi meeting

The Malaysian government and the U.S. and Chinese sides have provided few details about the meeting or any plans to brief the media about outcomes

Traders guide on what to expect from Trump's Asia tour and meeting with Xi

A successful Trump-Xi meeting, as predicted by US president, will inject calm into markets and likely revive appetite for risk assets from Asian shares to regional currencies tied to China's economy

US probes China's compliance with 2020 trade deal as Trump heads to Asia

U.S. officials are launching an investigation into whether China lived up to its commitments under a 2020 trade pact that President Donald Trump described at the time as an incredible breakthrough.' The announcement Friday by U.S. Trade Representative Jamieson Greer came the same day Trump was scheduled to head to Asia, where he said he will meet Chinese President Xi Jinping in an effort to ease trade tensions between the world's two biggest economies. Beijing has announced that Xi will travel to South Korea to attend a regional economic meeting and for a state visit, but it has yet to confirm that he will meet with Trump while both are in South Korea. The possible leaders summit is highly watched as trade tensions have risen again, with both countries imposing more trade restrictions on the other and Trump threatening a new 100% tariff on China. Beijing has demanded that the U.S. not threaten new restrictions while seeking talks with China, and it's not immediately clear how Greer'

Stock Market Close: Sensex slips 345 pts; Nifty at 25,795; FMCG, bank stocks fall

Sensex Today | Stock Market Close Highlights, Oct 24: Among the broader markets, the Nifty Midcap 100 was closed lower by 0.24 per cent, and the Nifty Smallcap 100 index was down 0.21 per cent

Asian shares rise as US earnings, Trump-Xi meeting boost investor sentiment

As the US government shutdown blots out most economic data, the spotlight is on Friday's consumer price figures for signals about next week's policy meeting at the Federal Reserve

Trump seeks quick wins on trade, fentanyl and rare-earths in key Xi meeting

Trump has also floated an elusive agreement on nuclear weapons and expressed a desire to convince Xi to pressure Russian President Vladimir Putin to end his invasion of Ukraine

Trump warns China over fentanyl smuggling via Venezuela ahead of meeting Xi

Trump will meet Chinese President Xi Jinping on October 30 on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in Busan, South Korea

China's $1 bn of daily US exports show Xi Jinping's bargaining power

Despite double-digit drops in the value of overall trade during the past half a year, some products have recently seen an increase from 2024

Asian stocks rise on easing US-China trade tensions, Nikkei hits record

A broad rally sent all three major US stock indexes to a sharply higher close overnight with chip stocks hitting a record high