US EditionUS-China Trade Talks Aim to Avert Tariffs and Rare Earth Controls Amid Soybean Dispute
US and China agreed on a framework to defer tariffs and rare earth export controls, removing a 100% tariff threat set for November 1, officials said.
- On Thursday, President Donald Trump will meet Chinese President Xi Jinping on the sidelines of the Asia-Pacific Cooperation Summit, as Li Chenggang confirmed a `preliminary consensus`.
- High tariffs set the stage, with President Donald Trump applying roughly 58% on most Chinese imports and China levying about 33% on U.S. goods, while China's global export controls on rare earth minerals escalated tensions.
- China's recent soybean pivot to Argentina followed U.S. support, while the American Soybean Association said it is encouraged but Caleb Ragland said, `The frustration is overwhelming`, and Treasury Secretary Scott Bessent is optimistic about resuming purchases soon.
- China's top trade official Li Chenggang confirmed a `preliminary consensus` had been reached, and Treasury Secretary Scott Bessent said the tariff threat is `effectively off the table` before President Donald Trump's positive Friday remarks.
- The Asia trip places the Thursday Xi meeting at the center of U.S. criticism over China's soybean purchases and U.S. support for Argentina, with Rep. Marjorie Taylor Greene, R-Ga., calling it `probably one of the grossest things I’ve ever seen`.
17 Articles
17 Articles
LancasterOnline
Independent EspañolWASHINGTON (AP) — The United States and China won't resolve all the issues dividing them before Presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.
During negotiations in Malaysia's Kuala Lumpur, the Beijing and Washington negotiators have reached a rapprochement in the trade dispute. Donald Trump and Xi Jinping want to seal the ceasefire in South Korea on Thursday.
Firms Seek Certainty As US-China Trade Talks Loom - British Chambers of Commerce
Assessing the mood of business ahead of President Trump’s discussions with China’s President XI this week, William Bain, Head of Trade Policy, said: “Businesses will be watching these talks very closely in the hope of divining some certainty on the direction of travel for global trade. “There were some encouraging signs last weekend as the US agreed trade deals with Malaysia, Cambodia, Thailand and Vietnam, with a focus on tariffs and critica…
News of the Day and the Hour Latest News of the day At the opening, Nikkei 225 reached 50.195 points, setting a historic record. Topix index, which is larger, advanced 1.48% to 3.318 points. In Seoul, Kospi rose by 2.3%, reaching for the first time the 4,032 points by INFOBAE The Tokyo and Seoul Kospi Nikkei 225 stock indices reached record levels on Monday, driven by the expectation of a trade agreement between the United States and China. Pre…
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