The US Trade Representative's office announced a new US-China Board of Trade to manage bilateral trade, potentially considering tariff modifications on non-sensitive goods. The board aims to facilitate trade between the two largest economies.
US official Bessent noted 200 Boeing planes agreed during a visit, with more expected when Xi Jinping arrives. Expert Gupta linked Boeing purchases to China's C919 jet engine supply, predicting up to 550 more planes if trust is established. This follows the US Trade Representative's office announcing a comment process for a new US-China Board of Trade.
Trump's second term sees a shift in US-China trade relations from seeking agreements to managing structural differences. New US-China Trade and Investment Committees aim to establish normalized mechanisms for trade and investment reviews, potentially bypassing WTO and CFIUS respectively, signaling a move towards 'managed trade'.
Despite pledges for a stable relationship at the recent Beijing summit, US actions like investigations into trade status, investment restrictions, and blacklisting of firms indicate persistent economic tensions with China, suggesting no real trade truce.
Nvidia's stock rises 20% since May 5, nearing a $5.7 trillion market cap, fueled by potential US-China trade deal allowing chip sales to Chinese firms and upcoming earnings on May 20.
President Donald Trump and Chinese President Xi Jinping met on Thursday and discussed topics ranging from market access for U.S. businesses in China to the Strait of Hormuz.
US and China leverage interdependence in trade talks, with the strategic Strait of Hormuz a key point of interest for both, impacting China's energy/trade and US inflation.
The next round of US-China trade talks appears to be a rushed precursor intended to set the stage for President Donald Trump’s state visit to Beijing, according to analysts who expect only modest deliverables from the negotiations. Chinese Vice-Premier He Lifeng will meet US Treasury Secretary Scott Bessent in South Korea this week, both sides have confirmed, marking the latest in a series of diplomatic sprints intended to stabilise the world’s most consequential economic relationship. The...
China’s trade with the United States has declined this year, official data shows, as US President Donald Trump heads to Beijing next week for a high-stakes visit that could determine the future of economic relations between the two superpowers. China’s merchandise exports to the US fell 10.2 per cent year on year to US$133.4 billion in the first four months of 2026, according to data released on Saturday by the General Administration of Customs. Imports from the US also declined 10.9 per cent to...
