US EditionShares in Asia Are Mixed and Chinese Markets Fall Despite Trump's Trade Truce with Xi
- At a summit in South Korea, President Donald Trump and Xi Jinping agreed to halve the 20% fentanyl-related tariff, according to reports on Wednesday.
- Because 90% of rare-earth refining is in China, the U.S. faced supply-chain limits as even Nevada ores require processing in Sichuan, stretching F-35 fighter production from 61 to 300 days.
- Across China's factories, business leaders said the decision announced after the summit sparked optimism in China's manufacturing heartlands, calling it a 'lifeline' for shrinking production schedules and order books.
- Following the summit, officials agreed to postpone Washington's new sanctions rules announced Sept. 29 by one year and suspended reciprocal port fees for one year, easing trade costs.
- Observers warn that politics and supply chains will shape the future of the trade truce, with China having the coming year to reform supply chains after Thursday's agreement.
37 Articles
37 Articles
The Daily Advance
World shares retreat despite Trump's trade truce with Xi
World shares have retreated and U.S. futures advanced after U.S. stocks fell back following President Donald Trump's meeting with China’s leader, Xi Jinping. Despite their agreement to extend a truce in their trade war, Chinese markets were lower, reflecting persisting…
Associated Press News
Shares in Asia are mixed and Chinese markets fall despite Trump's trade truce with Xi
Asian shares are mixed after the U.S. stock market sank from record heights as Wall Street sifted through various developments such as trade relations with China and profits of Big Tech giants.
Chinese pundits claim victory after Trump’s trade concessions
Chinese media and commentators erupted in celebration following the latest summit between the top leaders of China and the United States, as Washington agreed to halve the 20% fentanyl-related tariff and to extend the suspension of the 24% reciprocal tariffs by a whole year, rather than the previously expected 90 days. The victory claim followed […] The post Chinese pundits claim victory after Trump’s trade concessions appeared first on Asia Tim…
Trump-Xi trade truce doesn’t plug every gap
After months of escalating tensions, US President Donald Trump and Chinese President Xi Jinping reached a trade truce at their meeting in South Korea on Thursday.What was agreed? The two sides each delayed imposing further tariffs, with Trump reducing the overall US tariff rate on China to 45%. China agreed to drop its rare earth export ban, while the US may allow China to purchase advanced semiconductors again. That’s not all: the two countries…
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