#us-china-trade

#us-china-trade

Trump told reporters aboard Air Force One that he hoped for a very good meeting with Xi, adding that he expected China to make a deal to avoid more 100% tariffs taking effect on 1 November. As he left Washington, Trump added fuel to the speculation that while on the Korean peninsula he could meet Kim Jong-un for the first time since 2019. I would. If you want to put out the word, I'm open to it, Trump said aboard the presidential plane.

The probe comes as the US government seeks additional leverage against Beijing amid escalating trade tensions. The United States has launched an investigation into whether China is out of compliance with a 2020 trade deal they struck together, as trade tensions ratchet up between the world's two largest economies. US Trade Representative Jamieson Greer announced the investigation on Friday, as President Donald Trump travels to Asia to meet with his Chinese counterpart, Xi Jinping.

Donald Trump is about to embark on a tour of Asia that many hope will ease trade tensions with countries in the region and repair damaged ties with China. Trump will begin his trip on Sunday at a meeting of south-east Asian nations in Malaysia, before flying to Japan to meet its new prime minister, Sanae Takaichi, early next week. But the most important stop on his itinerary will come at the end of the month,

After a record session for the Dow, markets are little changed. At the moment, the Dow is down about five points. The S&P 500 is up about four, with the NASDAQ down about 36 points. Not helping, Netflix ( NASDAQ: NFLX) slumped after posting an earnings miss. Its EPS of $5.87 was below expectations for $6.97, thanks to a dispute with Brazilian tax authorities. Revenue of $11.51 billion was in line, though. Moving forward, Tesla ( NASDAQ: TSLA) will post earnings after the bell.

Silver prices fell sharply on Tuesday, retreating from last week's record highs as investors took profits following a rapid rally driven by tight supply conditions and macroeconomic tailwinds. The pullback comes as broader risk appetite improved, fuelled by easing US-China trade tensions and signs of progress in resolving the US government shutdown. President Donald Trump stated he expects to reach a "fair" trade agreement with Chinese President Xi Jinping during their upcoming meeting in South Korea, helping calm markets.

When you are facing a nonmarket economy like China, then you have to exercise industrial policy, Bessent said. The Treasury Secretary explained that China has put rare earth mineral companies out of business by massively dropping their own prices. We're going to set price floors and the forward buying to make sure that this doesn't happen again, and we're going to do it across a range of industries, he said.

Goldman Sachs warned that export data indicates increased rates of transshipments from China to the U.S. through third-party countries-a similar pattern observed during the 2018 trade war. The tariff evasion taking place today could impact more than $200 billion in U.S. imports, costing the U.S. $40 billion in tariff revenue if efforts to curb the sidestepping aren't mitigated, bank analysts Joseph Briggs and Megan Peters said in a report.

US Treasury Secretary Scott Bessent called the announcement from China's State Administration for Market Regulation (SAMR) poor timing, a move analysts said gave China leverage in the trade talks. The two countries have traded barbs over the past six months since US President Donald Trump hit China with massive tariffs, before lowering them to 30 percent, and threatened to shut down popular social media app TikTok.

The United States and China have reached a framework agreement to transfer TikTok's ownership to US control. Officials from both countries made the announcement on Monday. list of 4 itemsend of list The short-form video app was set to be banned in the US by Wednesday if its owner ByteDance did not agree to sell the company to a US-based operation or if the US did not extend a pause of the ban, which the White House has already done three times, most recently in June.

According Bessent, the proposed deal is " between two private parties," with the key commercial terms already agreed upon, ahead of this week's TikTok sell-off deadline in the U.S. The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday."

Nvidia had failed to fully comply with provisions outlined when it acquired Mellanox Technologies, an Israeli-US supplier of networking products, China's State Administration for Market Regulation (SAMR) said on Monday. Beijing conditionally approved the US chipmaker's acquisition of Mellanox in 2020. Monday's statement came as US and Chinese officials prepared for more talks in Madrid over trade, with a tariff truce between the world's two largest economies set to expire in November.