The Chinese economic officials are meeting with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer
Malaysia is in discussion for a potential critical minerals deal with the US, Investment, Trade and Industry Minister Zafrul Aziz said on Saturday
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
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'
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 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
Sensex Today | Stock Market Highlights, October 23: The IT index rose over 2% led by a 4% surge in Infosys after the promoters opted out from the company's share buyback programme.
The US President also highlighted ongoing tariff discussions between the two economic powerhouses, suggesting that Beijing was concerned about the level of tariffs imposed by the US
A broad rally sent all three major US stock indexes to a sharply higher close overnight with chip stocks hitting a record high
Trump warned of potential steep tariffs on Chinese goods if a trade deal isn't reached after his meeting with Xi Jinping later this month. However, he expressed his optimism for a 'fair' agreement
Greer's warning comes amid ongoing US-China maritime disputes, with China controlling over half the world's shipbuilding and seeking greater influence in the South China Sea
Everything, it seems, is now a bargaining chip, as the Trump administration keeps reversing itself
A little over a week ago, Trump raised the prospect of canceling his first in-person meeting with China's President Xi Jinping since he returned to the White House
After a few months of positive noises from the US and China, relations again soured after Beijing clamped down on exports of rare-earth elements that are vital to manufacturing everything
China has claimed that the US National Security Agency conducted years-long cyberattacks on its National Time Service Centre in Xi'an, targeting internal networks and devices
China's unprecedented move on rare earths sparked a global pushback over the past week, as officials from Europe and Japan voiced concerns over supply chain stability
President Donald Trump expressed optimism that talks with Chinese officials could yield an agreement to defuse the crisis that saw the US leader threaten to drastically hike tariffs
In a filing to the US Department of Transportation, Air China said it opposes the proposal, arguing that it would cause inconvenience to passengers
This comes after China's Ministry of Commerce (MOFCOM) on Tuesday announced sanctions against five US-based subsidiaries of South Korea's Hanwha Ocean
Scott Bessent said both Trump and Xi have an 'excellent relationship', adding that the level of trust between the two leaders is the reason that things have not escalated further