US, China begin high-stakes tariff talks in Geneva to ease trade war tensions

Senior American and Chinese officials began tense negotiations in Geneva on Saturday in a bid to cool a spiralling tariff dispute that threatens global trade. US treasury secretary Scott Bessent and trade representative Jamieson Greer are meeting Chinese Vice Premier He Lifeng, marking the first direct contact between the two sides since US President Donald … Read more

US and China hurtling towards total breakdown of ties

The United States and China are barreling towards a complete breakdown of bilateral ties as the tit-for-tat tariff war escalated on Friday. Beijing increased levies on American imports to 125 percent in response to Washington hiking taxes on Chinese imports to 145 per cent, virtually decimating the $600 billion annual trade between them. Beyond that, … Read more

Donald Trump to impose 60% tariffs on Chinese products? Xi Jinping could retaliate by doing this and it could prove costly for the West

China is preparing to impose some new export restrictions on specific critical technologies used in the production of electric vehicle (EV) batteries while including those for processing lithium and gallium. This recent move comes as tensions rise with the incoming US President- elect Donald Trump administration which has indicated a severe willingness to impose several … Read more

China “ready to work” with Trump administration, Xi tells Biden

United States President Joe Biden met with Chinese President Xi Jinping for the last time in Peru on Saturday, The Hill reported. Biden met with Xi on the sidelines of the Asia-Pacific Economic Cooperation summit in Peru on Saturday. As per The Hill, during the meeting, Xi said that China is “ready to work” with … Read more

US rethinks steps on China tariffs in wake of Taiwan response

President Joe Biden’s team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump’s tenure, as it tries to tamp down skyrocketing inflation. It has considered a combination of eliminating some tariffs, launching a new “Section 301” investigation into potential areas for additional … Read more