Page 12 - Us China

Major Chinese maker of rare-earth magnets gets green light for US exports

JL Mag Rare-Earth Co. said that officials approved a certain number of export applications, and the company had permits for regions including the US, Europe and Southeast Asia

Asian shares gain as US, China agree on framework to advance trade deal

Asian shares mostly rose Wednesday after China and the US said they had agreed on a framework for following up on the trade truce reached last month in Geneva. US futures fell while oil prices edged higher. Japan's benchmark Nikkei 225 surged 0.6 per cent in afternoon trading to 38,450.76. Data from the Bank of Japan data showed wholesale inflation slowed in May, meaning there might be less pressure for the central bank to raise interest rates in its next policy board meeting. Hong Kong's Hang Seng gained 0.9 per cent to 24,381.39, while the Shanghai Composite rose 0.5 per cent to 3,402.97. Australia's S&P/ASX 200 edged up 0.2 per cent to 8,603.70. South Korea's Kospi added 1.0 per cent to 2,900.05. Tuesday on Wall Street, the S&P 500 rose 0.5 per cent to 6,038.81 as the trade talks between the world's two largest economies carried into a second day. The Dow Jones Industrial Average added 0.2 per cent to 42,866.87, and the Nasdaq composite gained 0.6 per cent to ...

Being a bully on trade won't work longer term, warns Christine Lagarde

Coercive trade policies are not a sustainable solution to today's trade tensions, said Lagarde

Trump admin can keep collecting 'sweeping tariffs' for now, says US court

The ruling by the US Court of Appeals for the Federal Circuit extends a similar order after a federal court struck down the 'sweeping tariffs' on May 28, stating that Trump overstepped his authority

US, China reach agreement to ease export curbs, keep tariff truce alive

US commerce secretary Lutnick said the London agreement would lift some recent US export restrictions but gave no details after talks ended

Rupee ends flat for second straight session as US-China trade talks linger

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the dollar, after closing at 85.63 on Monday

US-China trade talks enter day 2 in London amid rare earths, export dispute

US-China trade talks aim to defuse rising tensions over chip exports and critical minerals, revive Geneva truce, and ease strain on global supply chains amid signs of economic stress

Rupee edges higher with US-China trade talks in focus; opens at 85.62/$

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the greenback, after closing at 85.63 on Monday

Huawei founder dismisses impact of US chip curbs as trade talks proceed

Huawei founder Ren Zhengfei also expressed confidence in the interview that China can make breakthroughs in AI and software, particularly in an increasingly open-source environment

US arrests Chinese scientist over illegal transfer of biological material

A Chinese scientist was arrested while arriving in the US at the Detroit airport, the second case in days involving the alleged smuggling of biological material, authorities said on Monday. The scientist is accused of shipping biological material months ago to staff at a laboratory at the University of Michigan. The FBI, in a court filing, described it as material related to certain worms and requires a government permit. "The guidelines for importing biological materials into the US for research purposes are stringent but clear, and actions like this undermine the legitimate work of other visiting scholars," said John Nowak, who leads field operations at US Customs and Border Protection. The scientist was interviewed and arrested on Sunday after arriving on a flight from China, where she is pursuing an advanced degree at Huazhong University of Science and Technology in Wuhan. She planned to spend a year completing a project at the University of Michigan. Her shipments, including a

Rupee closes flat ahead of US-China trade talks; ends at 85.63/$

Indian Rupee today: The domestic currency depreciated 1 paise to end at 85.63 against the dollar, after closing at 85.64 on Friday

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.

US, China hold trade talks in London after Trump-Xi Jinping's phone call

High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy. A Chinese delegation led by Vice Premier He Lifeng is due to meet US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at an undisclosed location in the city. The talks are due to last at least a day. They follow negotiations in Geneva last month that brought a temporary respite in the trade war. The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100 per cent-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

Rupee trades weak amid mixed cues; opens slightly lower at 85.66/$

Indian Rupee today: The domestic currency depreciated 2 paise to open at 85.66 against the dollar, after closing at 85.64 on Friday

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

Xi will restart rare earth supply, trade talks set for June 9: Donald Trump

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

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.

Stock Market close highlights: Sensex up 747 pts, Nifty tops 25k as investors cheer RBI rate cut

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

US declines to label China a currency manipulator, but blasts its policies

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 ...

What is Fusarium graminearum, the fungus allegedly smuggled from China?

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 .