Trump talks China and trade
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Trump hosting Philippines leader to talk tariffs and China
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Expectations are rock-bottom for an EU-China summit on Thursday that will test European resolve and unity as the bloc faces intense trade pressure from both Beijing and the United States, analysts say.
How, then, to explain the resilience of China’s exports in the turmoil of the global trade war? Some companies have been “front-loading”, or shipping extra goods to America, on fears that the truce will not hold and levies will increase further later.
The total value of goods exchanged between the US and China plunged below 2020's pandemic era low in the second month of the new tariff war between two nations.
China wants to bring its trade ties with the U.S. back to a stable footing, its commerce minister said, adding that recent talks in Europe showed there was no need for a tariff war while urging the U.
The U.S. gets almost all of its fireworks from China, and the industry is warning that tariffs on Chinese imports could limit supply and send prices soaring.
More on markets, etc. Tariff And Powell Risk Drive Elevated Cross-Asset VRPs CQQQ: Waiting For China's Tech Revival Follow The Consumer, They Lead The Way Asia markets stay cautious on tariffs; Japan
A bitter trade dispute between Washington and Beijing has delivered an unexpected windfall for Hong Kong shoppers, with a glut of diverted US cherries flooding the market and bringing prices for some shipments to their lowest levels in two decades.
BEIJING/SHANGHAI (Reuters) -Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital.