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US, China agree to continue talks on tariff truce extension#shorts #china #tariffs #bessent
Bloomberg Television· 2025-07-29 18:31
Economic Overview - In-depth reports were presented on both the Chinese and US economies [1] Trade and Geopolitical Concerns - Concerns were expressed regarding Chinese overcapacity globally and its potential impact in the coming years [2] - Concerns raised about China's purchase of approximately 90% of sanctioned Iranian oil [2] - Regret expressed over the belief that China sold Russia about $15 billion of dual-use technologies [2] Strategic Economic Approach - The overall tone of the meetings was constructive, emphasizing derisking rather than decoupling, particularly in strategic industries [3] - Strategic industries mentioned include semiconductors and medicines [3] - The goal is to achieve balance within the relationships [3]
X @The Economist
The Economist· 2025-07-29 18:00
America has better technology. But will China adopt it more quickly? https://t.co/ojGRZ5aOa7 ...
Secretary Lutnick: Trade deals for 'the world' will be 'done by Friday,' but China will take longer
CNBC Television· 2025-07-29 14:01
you can uh wrap China into this but other countries where things are I mean Canada what about Canada uh I don't know what they're feeling now um at this point India that's pro is that imminent um what do you expect to happen and and what's really happening with with China in in your view right now have things are things going okay with with with some of the president's comments about fake news says I want a meeting with shei it's it's not true we thought that that there there was eventually going to be some ...
Former House Speaker Kevin McCarthy: Debt is the greatest threat to America
CNBC Television· 2025-07-29 11:30
The US and China meeting for a second day in Sweden to talk trade. This comes uh as the big EU deal uh was announced uh yesterday and it could uh increase tariffs on other countries at the end of the week. Joining us now, former House Speaker Kevin McCarthy.He's the chairman of the uh Alpha Institute on set. Good to see you. Good to see you, Mr. . Mr.. Former Speaker. That's too hard to say. Uh good to see him.Mr. . Speaker, the Kevin, how's Kevin. Whatever you want to call me.The journals never um never li ...
WH touts trade deals with EU, Japan as top officials hold talks with China
MSNBC· 2025-07-29 11:21
And President Trump's trade agreement with the European Union came just four days after Japan also agreed to 15% tariffs and major investments in the United States. But some economic experts fear the new deals are unbalanced and could hurt economic growth. Meanwhile, the White House is moving on as this week top officials from the Trump administration are meeting with their Chinese counterparts for their third round of economic talks.High stakes there. Joining us now, senior economics reporter for Axios, Co ...
X @BBC News (World)
BBC News (World)· 2025-07-29 03:20
China offers parents $500 a year in bid to boost births https://t.co/lpU0ozBCOj ...
X @Bloomberg
Bloomberg· 2025-07-28 23:14
Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm https://t.co/0saxgPssVY ...
China is clear, it will not be bullied, says Longview's Dewardric McNeal on trade talks with U.S.
CNBC Television· 2025-07-28 21:12
US-China Trade Negotiations - Negotiations with China are expected to differ significantly from those with the UK, Japan, and the EU [2] - China is prepared to respond to tariffs on a reciprocal basis and has other leverage mechanisms, such as export controls on critical minerals [2][3] - The negotiation is expected to be lengthy due to each side's strengths and weaknesses [3] Tariff Outlook - The initial approach of securing deals with allies before focusing on China has not been successful [6] - The market anticipates the removal of approximately 20% of EPA fentanyl tariffs over the next 90 days [9][10] - A 25% tariff from 2018 is expected to remain in place [10] Critical Minerals - China has leveraged export controls for critical minerals [3][6] - There is uncertainty regarding the expiration of the six-month sunset on the critical minerals export licensing process agreed to by China [8] Timelines and Potential Meetings - An additional 90 days are expected to provide benefits for Chinese factories, businesses, and consumers, extending beyond the holiday shopping period [7] - The administration aims to arrange a meeting between President Trump and President Xi Jinping [8]
'We're just looking at the data' Trump trade rep. pressed on inflation fears after EU deal
MSNBC· 2025-07-28 18:08
question for you. As you wrap up the EU leg of these trade deals, you look ahead to the China deal that many are looking towards as well. Can you guarantee Americans still that they won't see an increase in prices as many economic analysts do believe that they will.Well, I think we need to look at the data. Uh obviously in in the first Trump term, we put a lot of tariffs on China. Uh in the first Trump term, we put a lot of tariffs on China and inflation went down.Right now, we've had more tariffs on China ...
We could go down the road of Trump's 2018 trade deal with China, warns AEI's Derek Scissors
CNBC Television· 2025-07-28 17:40
Our next guest says that when it comes to China, Trump's determination for good relations is actually creating risk and that higher tariffs on trading partners like the EU only makes China more competitive in the American market. Joining us now is Derek Scissors, Asia economist at the American Enterprise Institute. Derek, great to have you with us.Um, I'm going to start off right where where we left it off with Megan in terms of the backlash amongst member countries. Um, the perception that the deal with th ...