Trump and Xi held a 90-minute call on Thursday that saw the two agree to defuse growing tensions spurred by concerns over the flow of critical minerals needed by American firms
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.
Sensex Today | Stock Market close highlights, Friday, June 6, 2025: RBI MPC cut repo rate cut to 5.5%, more-than-expected. The announcement triggered a sharp rally in bank, auto, real estate stocks
The US declined to label China a currency manipulator in a new Treasury report released Thursday, but accuses Beijing of standing out among America's major trading partners for lacking transparency in its exchange rate policies. Treasury's semi-annual report to Congress called Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States comes as the Trump administration seeks to strike a trade deal with China, averting a trade war that has been brewing between the two nations. A Treasury official told reporters previewing the report that the US could in the future find evidence that China is manipulating its currency and will make a determination in the fall whether China has been manipulating the renminbi, also known as RMB. During President Donald Trump 's first term, the Treasury, which was then led by Secretary Steve Mnuchin, labeled China a currency manipulator in 2019 before then the US had not put China on the currency blacklist since ...
Federal prosecutors charged two Chinese researchers on Tuesday with smuggling a crop-killing fungus into the US last summer - charges that come amid heightened political tensions between the two countries and as the Trump administration moves to revoke visas from visiting Chinese students. Yunqing Jian and Zunyong Liu are charged with conspiracy, smuggling, making false statements and visa fraud for allegedly bringing the fungus Fusarium graminearum into the US Jian, 33, was booked in a Detroit federal court. Liu, 34, is thought to be in China. According to the FBI, Liu had small baggies of the fungus stashed in his backpack when he flew to the US last year and, after claiming ignorance about the plant material inside them, said he was planning to use it for research at a University of Michigan lab where Jian worked and where Liu previously worked. What is Fusarium head blight? Fusarium graminearum causes a disease called Fusarium head blight that can wipe out cereal crops such as .
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
US warns of agroterrorism threats after arresting a University of Michigan researcher and her partner for allegedly bringing a deadly fungus into the country
A Chinese scientist entered the US last year with a toxic fungus stashed in his backpack, federal authorities said Tuesday as they filed charges against him and a girlfriend who worked in a lab at the University of Michigan. The pathogen is known as Fusarium graminearum, which can attack wheat, barley, maize and rice and sicken livestock and people, the FBI said in a court filing in Detroit. The FBI said a scientific journal describes it as a "potential agroterrorism weapon." Yunqing Jian, 33, and Zunyong Liu, 34, were charged with conspiracy, smuggling, making false statements and visa fraud. "The alleged actions of these Chinese nationals, including a loyal member of the Chinese Communist Party, are of the gravest national security concerns," US Attorney Jerome Gorgon Jr said. Jian appeared in court and was returned to jail to await a bond hearing Thursday. An attorney who was assigned only for her initial appearance declined to comment. In July 2024, Liu was turned away at the
The Trump administration has confirmed that the tariffs announced under President Donald Trump will proceed, with no plans to extend the 90-day tariff pause
US-China truce in jeopardy as Washington and Beijing trade accusations over Geneva trade agreement violations
China on Sunday denounced US Defence Secretary Pete Hegseth for calling the Asian country a threat, accusing him of touting a Cold War mentality as tensions between Washington and Beijing further escalate. The foreign ministry said Hegseth had vilified Beijing with defamatory allegations the previous day before at the Shangri-La Dialogue, a global security conference. The statement also accused the United States of inciting conflict and confrontation in the region. Hegseth deliberately ignored the call for peace and development by countries in the region, and instead touted the Cold War mentality for bloc confrontation, it said, referring to the post-World War II rivalry between the US and the former Soviet Union. No country in the world deserves to be called a hegemonic power other than the US itself, it said, alleging that Washington is also undermining peace and stability in the Asia-Pacific. Hegseth said in Singapore on Saturday that Washington will bolster its defences oversea
While the manufacturing index indicated sector growth, the new orders index remained below 50, signalling ongoing weakness despite some improvement
'Well, they're going to be OK It's going to work out fine,' Trump said when asked what his message would be for students who want to remain in the country
US Defence Secretary Pete Hegseth on Saturday reassured allies in the Indo-Pacific that they will not be left alone to face increasing military and economic pressures from China. He said Washington will bolster its defences overseas to counter what the Pentagon sees as rapidly developing threats by Beijing, particularly in its aggressive stance toward Taiwan. China has conducted numerous exercises to test what a blockade would look like of the self-governing island, which Beijing claims as its own and the US has pledged to defend. China's army "is rehearsing for the real deal", Hegseth said in a keynote speech at a security conference in Singapore. We are not going to sugarcoat it -- the threat China poses is real. And it could be imminent. China has a stated goal of having its military be able to take Taiwan by force if necessary by 2027, a deadline that is seen by experts as more of an aspirational goal than a hard war deadline. But China has also developed sophisticated man-ma
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 ..
Many students in the US, including Indians, face challenges as Trump's tighter visa scrutiny creates growing uncertainty for international students in the country
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