The TOI correspondent from Washington: In what appears to be a tectonic shift in American foreign policy and world order, US President Donald Trump has openly embraced China as a functional equal, heralding a new duopoly that jettisons Washington’s decade-plus view of Beijing as an existential threat, while leaving other powers like EU, Russia, India, … Read more
US President Donald Trump announced a one-year trade agreement with Chinese President Xi Jinping on the supply of critical rare earth minerals. The deal, announced after their first in-person meeting in six years at the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea, aims to ensure the continued flow of rare earth materials essential … Read more
US President Donald Trump said on Monday (September 15) that trade talks with China had “gone very well” and suggested that a deal had been reached to resolve US concerns over TikTok’s ownership. In a post on his social media platform, Trump said the ongoing trade meeting in Europe between American and Chinese officials was … Read more
Amid escalating tensions in the U.S.-China trade relationship, President Donald Trump and President Xi Jinping have engaged in discussions to address the impasse over tariffs that have significantly impacted global trade. The dialogue comes as both nations grapple with the fallout from stalled negotiations and mutual accusations of non-compliance with prior agreements. This is a … Read more
China accused the US of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate leadership call that Donald Trump wants to have to further bilateral talks. The Chinese Ministry of Commerce issued a statement on Monday rebuking the US president’s claim that Beijing breached … Read more
China’s factory output slowed in April but showed surprising resilience, a sign that government support measures may have cushioned the impact of a trade war with the U.S. that threatens to derail momentum in the world’s second-largest economy. Industrial output grew 6.1% from a year earlier, National Bureau of Statistics (NBS) data showed on Monday, … Read more
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
China has brushed aside concerns over the impact of US tariffs on its exports, even as tensions between Beijing and Washington continue to unsettle global markets. Chinese official Lyu said, “The sky won’t fall” for Chinese exports, adding, “These efforts have not only supported our partners’ development but also enhanced our own resilience.” Despite the … Read more
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