Articles in this Cluster
07-06-2025
US President Donald Trump and Chinese President Xi Jinping had a "very good" phone call, agreeing to further tariff talks amid their ongoing trade war. The call, initiated by Trump, lasted around an hour and a half and resulted in a "very positive conclusion" for both countries. They also invited each other to visit their respective countries, with Xi cautioning the US to handle the Taiwan issue carefully to avoid conflict. The trade war had stalled after a May 12 agreement to reduce tariff rates during talks, with Trump having cut US tariffs on Chinese goods from 145% to 30% for 90 days.
07-06-2025
The UK has agreed to host the second round of US-China trade talks, a diplomatic win for the country. The talks, which follow a first round in Geneva, are aimed at resolving a trade war between the US and China. US Treasury Secretary and his Chinese counterpart had previously met and agreed to suspend most tariffs for 90 days, but the agreement was put in jeopardy when both sides accused each other of breaking the deal. A phone call between Donald Trump and Xi Jinping got the talks back on track, and the UK stepped in to host the next round at short notice, seen as a useful "diplo-win" due to its geopolitical position and ongoing "reset" of its relationship with China.
07-06-2025
US White House officials will meet a Chinese delegation in London for the next round of trade talks, following a "very good" phone call between Donald Trump and Xi Jinping. The talks come after a 90-day deal was struck in Geneva to pause retaliatory tariffs, but the agreement broke down two weeks later with both sides blaming each other. The US will be represented by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. The meeting is seen as a diplomatic win for the UK, which was approached by the Trump administration to host the talks. The two countries remain at an impasse over tariffs and a dispute involving critical rare earth mineral exports.
07-06-2025
The escalating US-China rivalry is putting pressure on Asian markets, forcing them to navigate a delicate balance between the two superpowers. Many Asian countries are deeply entwined with China's economy, with China being the top trading partner for 18 regional countries, while also relying on the US for security assurances and strategic rebalancing. As a result, these economies are walking a tightrope, benefiting from China's vast market while avoiding over-dependence, and are likely to maintain ties with both nations as a survival strategy.
07-06-2025
A phone call between Chinese President Xi Jinping and US President Donald Trump has eased tensions between the two superpowers, providing temporary relief for Asian countries caught in their rivalry, but may also complicate their calculations on how to balance relations with both powers.
