Trumpโs latest trade โdealโ with China underscores key U.S. disadvantage
After two days of talks in London, China and the U.S. announced the outlines of an agreement to honor a deal they agreed to last month in Geneva.
After two days of talks in London, China and the U.S. announced the outlines of an agreement to honor a deal they agreed to last month in Geneva.
President Donald Trump announced the meeting in a social media post on Friday.
French president seeks greater access to the Chinese market and urges Beijing not to impose tariffs on Cognac makers.
At the centre of the spat: Beijingโs plan to impose a 34% tariff on French spirits starting in July as a counterpunch against planned EU levies on Chinese electric vehicles.
Letter is first positive concrete engagement from Washington since the two sides paused retaliatory tariffs.
Washington and Beijing are trying to defuse trade tensions in talks in Switzerland.
Close China watchers say they donโt expect Chinese Vice Premier He Lifeng to make any immediate concessions when the two sides meet in Switzerland this weekend.
The president’s social media post could signal movement that would ease fears among consumers, businesses and the markets.
The trade talks come after months of stalled progress.
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China hopes France can “stabilise the tone” of EU-China relations, vice-premier He Lifeng told a senior French minister in Beijing on Saturday (29 July), as European leaders debate how to “de-risk” but also cooperate with the world’s second-largest eco…