China, Donald Trump
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Trump hosting Philippines leader to talk tariffs and China
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While China is looking to use this summit as an opportunity to highlight its multilateralism and growing relationship with the EU, which will mark its 50th year, the bloc is looking to bring up China’
EU leaders are set for tough talks with China’s President Xi Jinping in Beijing this week, as the two sides clash over trade and China’s alleged long-running support for Russia in the Ukraine war at a time of heightened geopolitical turmoil.
The remarks by Trump were made as he was hosting Philippine President Ferdinand Marcos Jr., where the US president praised a “fantastic military relationship” with Manila.
China wants to bring its trade ties with the U.S. back to a stable footing, its commerce minister said, adding that recent talks in Europe showed there was no need for a tariff war while urging the U.
How, then, to explain the resilience of China’s exports in the turmoil of the global trade war? Some companies have been “front-loading”, or shipping extra goods to America, on fears that the truce will not hold and levies will increase further later.
The U.S. gets almost all of its fireworks from China, and the industry is warning that tariffs on Chinese imports could limit supply and send prices soaring.
A bitter trade dispute between Washington and Beijing has delivered an unexpected windfall for Hong Kong shoppers, with a glut of diverted US cherries flooding the market and bringing prices for some shipments to their lowest levels in two decades.
BEIJING/SHANGHAI (Reuters) -Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital.