China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
For years, companies have navigated stringent U.S. data requirements for sensitive exports. Now, in a significant turn, China is implementing a similar system for its critical rare earth minerals, asking Western firms for proprietary business information and signaling a new global standard.
The Chinese government has announced it will grant zero-tariff treatment for 100% of tariff lines to 53 African countries with which it has diplomatic relations.
Germany has welcomed the rare-earth trade truce between China and the U.S., calling it a positive step that could inspire similar progress in EU-U.S. talks.
In response to mounting backlash over delayed payments and a deepening price war, major Chinese automakers including BYD, Chery, Geely, SAIC, BAIC, Xpeng, and Xiaomi have pledged to pay suppliers within 60 days, aligning with new government rules that came into effect on June 1.
The U.S. and China have a framework trade deal on rare earths. Trump calls the deal "done," but it awaits final approval from both leaders.
Chinese Vice Premier He Lifeng called for stronger consensus and continued communication with the United States, following two days of in-depth trade negotiations in London aimed at easing tensions in the prolonged tariff dispute between the two global powers.
The Chinese embassy in London issued a sharp rebuke on Tuesday, calling on the British government to stop “heightening antagonism” after UK Foreign Secretary David Lammy described China’s actions in the South China Sea as “dangerous and destabilising.”
JL MAG Rare-Earth, a Chinese rare earth permanent magnet producer, has secured export licenses from Chinese authorities for shipments to the U.S., Europe, and Southeast Asia, following China's decision to curb rare earth exports in April.
The United States and China have reached a trade framework that both sides say could help restore trust and resolve key disputes, including removing China's export restrictions on rare earth and magnets.
U.S. Treasury Secretary Scott Bessent left ongoing trade talks with China on Tuesday to return to Washington, D.C., where he is scheduled to testify before Congress.
Chinese Ambassador to Azerbaijan Lu Mei praised the launch of the International Day of Dialogue among Civilizations during a briefing in Baku, highlighting strong bilateral and multilateral support for intercultural cooperation.
China’s deepening deflation is reshaping consumer habits and forcing dramatic price cuts, with luxury goods now selling for as little as $30, and second-hand markets booming as economic pressures weigh on household spending.
China announced on Tuesday it would extend its investigation into European Union pork imports by six months, just days before a final decision was expected. The move comes as Beijing and Brussels edge closer to resolving a dispute over EU tariffs on Chinese electric vehicles (EVs).
For the first time, two Chinese aircraft carriers were observed carrying out operations simultaneously in the Pacific Ocean, a development that Japan's defense minister interpreted as a sign of China's growing ambitions to expand its military reach.
U.S. Commerce Secretary Howard Lutnick said on Tuesday that trade discussions with China were progressing positively, as officials from both nations met for a second day in London.
Sales of electric and hybrid vehicles in China saw a strong year-on-year growth in May, boosted by government-backed trade-in programs designed to stimulate domestic consumption.
In response to Japanese scrutiny of its naval movements, China has stressed that its national defence policy is defensive in nature. Beijing expressed hope that Japan would view its recent two-carrier operations in the Pacific "objectively and rationally."
China has extended its investigation into European Union pork imports by six months, citing the case's complexity, the country’s commerce ministry said Tuesday.
As the global race for dominance in autonomous vehicles accelerates, China’s auto and tech industries are fast emerging as a serious threat to Tesla’s leadership in self-driving technology.
China condemned a new U.S. tank shipment to Taiwan, warning Washington it is "playing with fire." Beijing told Taipei's leaders that "U.S. weapons cannot save them," calling the move a dangerous provocation that crosses a fundamental "red line."
Chinese President Xi Jinping on Tuesday held his first phone call with newly inaugurated South Korean President Lee Jae-myung, calling for mutual respect and cooperation to keep bilateral relations “on the right track,” according to Chinese state media.
U.S. President Donald Trump said on Monday that he received positive updates from trade talks between American and Chinese officials held in London.
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