Trump eyes China visit for tariff talks, Rubio says
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Trump, tariffs
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China has been a fierce critic of sweeping U.S. tariffs that Trump announced on April 2. He later delayed the implementation of most but China, which has said it will respond with its own tariffs on U.S. imports, now faces a deadline next month to negotiate a deal.
U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment.
The global car industry has grappled for months to navigate the Trump administration’s trade war. That gives Swamy Kotagiri, CEO of Magna International, the largest auto-parts manufacturer in North America,
"The EU and China are broadly on a colliding trajectory in terms of their trade and industrial policy concerns," he told CNBC. Bones of contention include the challenge of China's overcapacity and trade diversion to Europe, Stec, who is also head of the Mercator Institute's Brussels office, explained.
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U.S. Secretary of State Marco Rubio is wrapping his up his time at a Southeast Asian security conference with a meeting with his Chinese counterpart as tensions grow over issues from trade to security and China’s support for Russia’s war in Ukraine.
Japan is concerned about China’s acceleration of its military buildup, especially in Japan’s southwestern areas.
14hon MSN
Sabrin Chowdhury, head of commodities research at BMI, says that there is a huge shortage of copper ore in China at the moment so any rerouting of Chilean copper ore originally heading to the U.S. would be good for China in the short-term,
The value of apparel imports from China to the U.S. fell in May to its lowest monthly level in 22 years, according to latest trade data, highlighting the impact of steep U.S. tariffs.
Trump’s move deepens a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.
TCS CEO and Managing Director K Krithivasan says an uncertain macroeconomic climate remains a key challenge for the company. He hopes more clarity on the U.S.-China trade deal will help revive consumer confidence in the U.