Page 9 - Us China Trade War

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.

Asian shares rise, dollar eases ahead of US-China trade talks in London

Wall Street stocks had closed sharply higher on Friday after the jobs data eased concerns about damage to the world's biggest economy from President Donald Trump's unpredictable tariff regime

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

Beijing approves some rare earth exports ahead of US-China trade talks

The Chinese commerce ministry confirmed the approval of the applications without specifying which countries or industries were covered

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.

Oil prices rise on US jobs data and renewed China trade discussions

Brent crude futures gained $1.28, or 1.96 per cent, to $66.62 a barrel by 1649 GMT. US West Texas Intermediate crude climbed $1.34, or 2.11 per cent, to $64.71

No more questions on rare earths now: Trump after 'very good' call with Xi

After what he described as a "very good" 90-minute call with Xi Jinping, Trump says US-China trade talks will resume soon with rare earth issues resolved

Suzuki halts Swift production in Japan as China curbs rare earth exports

Swift production halt: Global auto supply chains are feeling the heat as China tightens rare earth mineral exports, disrupting production at Suzuki, Ford, BMW, and others

EU warns China's rare earth export curbs may trigger supply crisis

EU presses China to ease tightened rare earth export rules, announced in response to Trump tariffs, as automakers face potential supply crunch

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's tariffs disrupt trade, weaken ties, and threaten global order

Middle-power countries such as India now recognize that even US friendship may not protect them from tariffs, making them less willing to ally themselves fully with the United States

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 cracks down on illegal mining amid escalating US trade tensions

Beijing enforces tighter export controls and whole-chain oversight of critical minerals as US-China trade and technology disputes intensify

Market Close Highlights: Sensex swings 1,200 pts, ends 636 pts down; Nifty below 24,550; banks drag

Sensex Today | Stock Market Highlights on Tuesday, June 3, 2025: The Nifty Private Bank index dropped over 1 per cent, followed by the Nifty PSU Bank index (down 0.59 per cent)

Trump, Xi Jinping likely to hold talks this week, says White House

The anticipated conversation follows months of faltering trade negotiations and mutual tariff cuts, raising hopes of a breakthrough in the prolonged US-China trade war

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

Sensex dips 800 pts, Nifty below 24,600 as latest tariff hikes jolt markets

Why stock markets fell today: Indian equity benchmark fell, tracking Asian markets as trade tensions flared up over the weekend with fresh steel and aluminium tariffs by the US

China's factory activity contracts in May amid trade tensions, PMI at 49.5

While the manufacturing index indicated sector growth, the new orders index remained below 50, signalling ongoing weakness despite some improvement

Will stop being 'nice', says Trump as China violates trade agreement

US President Donald Trump on Friday said he will no longer be Mr NICE GUY with China on trade, declaring in a social media post that the country had broken an agreement with the United States. Hours later, Trump said in the Oval Office that he will speak with Chinese President Xi Jinping and "hopefully we'll work that out", while still insisting China violated the agreement. What deal Trump was referring to was not clear. But the rhetoric was a sharp break from recent optimism when he lowered his 145 per cent tariffs on Chinese goods to 30 per cent for 90 days to allow for talks. China also reduced its taxes on US goods from 125 per cent to 10 per cent. The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US, Trump posted. So much for being Mr NICE GUY! Trump said the tariff reduction quickly stabilised the Chinese economy, though the decrease also brought a degree of relief to US companies that said the previous rates essentially ..

"So much for being Mr Nice Guy!": Trump slams China on tariff agreement

US President claims China "totally violated" agreement as trade tensions resurface despite 90-day tariff truce