By Luna Sun in Beijing and Zhao Ziwen in Washington China and the US have reached a “done deal” that includes rare earth exports from China and Chinese students attending colleges in the US, President Donald Trump said on Wednesday, pointing to a potential breakthrough aimed at easing trade tensions that were reignited by mutual accusations […]
Read MoreUS Treasury Secretary Bessent said he believes President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including a dispute over critical minerals. President Donald Trump on Friday accused China of violating an agreement with the US to mutually roll back tariffs and trade restrictions for critical minerals. “What […]
Read MoreUS President Donald Trump said on Saturday that India and Pakistan had agreed to a “full and immediate ceasefire” after a fourth day of strikes and counter-strikes against each other’s military installations. Pakistan’s foreign minister also said both countries had agreed to a ceasefire “with immediate effect” and India’s foreign ministry said it would start […]
Read MoreSome of Asia’s richest families are cutting exposure to US assets, saying President Donald Trump’s tariffs have made the world’s largest economy much less predictable. One family office managing assets for Chinese billionaires exited its US holdings entirely and will shift the proceeds to Asia. A senior executive at one of Europe’s largest private banks […]
Read MoreUS President Donald Trump said on Friday (9 May) that 80% tariffs on Chinese goods “seems right” as representatives prepared for weekend talks to contain a trade war between the world’s two largest economies. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet Chinese economic tsar He Lifeng in Switzerland for […]
Read MoreBoth leaders were upbeat about the call, with Trump calling it “a very good one” and Xi saying he and Trump both hoped for a positive start to US-China relations, according to Chinese state broadcaster CCTV. US President-elect Donald Trump and Chinese President Xi Jinping discussed issues including TikTok, trade and Taiwan in a phone […]
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