A UN trade official has warned a US plan to raise tariffs on Chinese goods next month would have “massive” implications for the global economy. The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March. The comments followed a report by a UN trade agency on… Read more »
Top trade officials from the US and China are meeting in Washington as a deadline to strike a deal approaches. This is the second round of talks since Presidents Donald Trump and Xi Jinping met in Argentina last year and agreed to negotiate in the hope of defusing an escalating tariff war. There is widespread scepticism that the two sides… Read more »
China’s trade delegation says it made “important progress” in the latest round of talks with the US, China’s state media reports. At the end of a two-day meeting in Washington, no deal was reached but China pledged to buy more US soybeans. US President Donald Trump touted the promise as proof that the two sides were making progress. They are… Read more »
If you’re selling Cadillacs in China, it helps that the US president is driven around in one. Cao Chenyi, the boss of a Cadillac dealership near Shanghai, told me that customers know that Donald Trump’s presidential limousine is made by the US carmaker. He says they like the prestige. But Mr Cao’s had a bad year. Demand dropped 30% in… Read more »
China is preparing to make the first attempt at landing robotic spacecraft on the Moon’s far side. A static lander and rover are expected to be deployed to the surface in the next day, state media reports. The vehicles are carrying a suite of instruments designed to characterise the region’s geology, as well as a biological experiment. In recent days,… Read more »
China has said it is “ready to work” with the US, suggesting progress in trade talks between the two countries. It said it would be willing to work with the US to “implement the important consensus” reached at December’s G20. At the Buenos Aires summit the two countries agreed to suspend new trade tariffs for 90 days to allow for… Read more »
Chinese President Xi Jinping has urged the people of Taiwan to accept it “must and will be” reunited with China. In a speech marking 40 years since the start of improving ties, he reiterated Beijing’s call for peaceful unification on a one-country-two-systems basis. However, he also warned that China reserved the right to use force. While Taiwan is self-governed and… Read more »