Chinese sources told the Financial Times that Beijing opposes the UK-US trade deal signed last week, according to the media on Tuesday. The agreement, which imposes tight security conditions on the UK's steel and pharmaceutical sectors, is seen by China as potentially excluding its goods...
The rating agency Fitch stated on Tuesday that the recent developments in trade relations between China and the United States do not mean "normalization" between the two countries.According to Fitch, "in the absence of a lasting deal, uncertainty over where tariff rates will settle and the...
The Chinese Finance Ministry confirmed on Tuesday that tariffs on some US imports will be reduced starting at 12:01 am (local time) on May 14. The move follows recent high-level economic and trade talks between China and the United States.According to the Tariff Commission Announcement, the...
United States Trade Representative Jamieson Greer (pictured) emphasized on Tuesday that US President Donald Trump will evaluate modifications to China tariffs based on progress regarding fentanyl issues and noted that eliminating non-tariff barriers with China "will take time.""Trump is to consider...
China on Tuesday accused the United States of politicizing the fentanyl issue. "Fentanyl is the US' problem, not China's," Foreign Ministry Spokesperson Lin Jian said, warning that "the responsibility to solve it lies with the US itself."He criticized Washington's decision to impose tariffs on Chinese goods...
Chinese President Xi Jinping warned on Tuesday against bullying and domination in global trade by using tariffs, stressing it leads to isolation.Speaking at China's summit with the Community of Latin American and Caribbean States (CELAC) in Beijing, Xi voiced his country's support for Latin America's...
United States Trade Representative Jamieson Greer (pictured) warned that tariffs on Chinese goods could increase if negotiations do not succeed. He told Fox News in an interview that China has agreed to remove its countermeasures and called the current outcome as "pragmatic."Greer confirmed...
The White House issued a statement to confirm that United States President Donald Trump signed the temporary reduction of the tariff rate on imports from China following the newest agreement between the two countries.In the official document, Trump noted that the decision to reduce the...
United States National Economic Council (NEC) Director Kevin Hassett told CNBC on Monday that the temporary tariff agreement the country reached with China is a sign that Washington is "rebooting" its relations with Beijing.Hassett also stressed that, as a result, stock markets could expect a...
White House Press Secretary Karoline Leavitt said on Monday that delegations from the United States and China discussed the export of rare earths at their trade negotiation earlier today. China halted the sale of rare earths to the US in retaliation for Washington imposing tariffs in April.Leavitt also...
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