Page 13 - Us China

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 .

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

FBI arrests Chinese researchers for smuggling lethal crop pathogen into US

US warns of agroterrorism threats after arresting a University of Michigan researcher and her partner for allegedly bringing a deadly fungus into the country

Broke up effort to bring toxic fungus to Michigan lab from China, says US

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

US to move forward with tariffs despite court ruling, say Trump aides

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

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

China says Hegseth touting Cold War mentality in calling it 'threat'

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

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