China confirms Trump's visit from May 13 to 15
The leaders are expected to discuss a trade truce, rare earth supplies and China’s ties to Iran as both sides seek a limited deal.
- On Thursday, President Donald Trump and President Xi Jinping met in Beijing to repair economic ties after a decade of conflict, discussing a potential extension of the trade truce reached last October.
- Years of tit-for-tat skirmishes significantly reduced commerce between the world's two largest economies, leaving average U.S. tariffs on Chinese imports at nearly 48% from 3.1% in 2018.
- Manufacturers like Appu Jacob Varghese of Zion Foodtrucks faced erratic tariff costs briefly spiking to 145%, prompting shifts toward suppliers in Vietnam and Thailand; Apple and Nike similarly diversified production away from China.
- The Trump administration aims to curb 'transshipments,' where Chinese goods route through Southeast Asian nations to dodge duties, though former Commerce Secretary Wilbur Ross called total independence 'a fiction.'
- Factory owners hope the summit heralds improvements, though observers remain cautious about returning to previous trade levels as establishing clear 'rules of the road' remains a significant challenge.
280 Articles
280 Articles
The Daily News of Newburyport
TimesDailyUS, China seek to repair damage from tariff war
President Donald Trump's trade war with Beijing has sent U.S.-China trade into a freefall and forced companies on both sides of the Pacific to regroup. U.S. firms are looking for suppliers outside of China. And Chinese firms have pursued business…
The Toronto Star
U.S. and China seek to repair damage from tariff war that sent trade into a freefall
Before Trump began slapping taxes on Chinese imports in 2018, the average U.S. tariff on China stood at 3.1%. They're currently still at almost 48%.
U.S., China seek to repair damage from tariff war that sent trade into a freefall
President Donald Trump's trade war with Beijing has sent U.S.-China trade into a freefall and forced companies on both sides of the Pacific to regroup. U.S. firms are looking for suppliers outside of China. And Chinese firms have pursued business…
Associated Press News
US and China seek to repair damage from tariff war that sent trade into a freefall
President Donald Trump's trade war with Beijing has sent U.S.-China trade into a freefall and forced companies on both sides of the Pacific to regroup.
997wpro.com
Trade and Diplomacy: What to Expect from Trump’s State Visit to Beijing
President Donald Trump’s state visit to China is set to put trade, diplomacy, and global security on the same table as he meets with Chinese President Xi Jinping in Beijing. Chinese officials announced that Trump would visit from May 13 to 15 at Xi’s invitation, with both leaders expected to discuss U.S.-China relations and wider international issues. The trip comes as the war involving Iran has added new pressure to talks that were already expe…
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