U.S. and Chinese trade officials plan to meet again in the coming months to discuss their economic relationship, as the two countries extended a tariff truce for 90 days.
Treasury Secretary Scott Bessent announced on Tuesday that U.S. trade representatives will reconvene with their Chinese counterparts within the next two to three months to discuss the future of bilateral economic ties. This follows the recent extension of a 90-day tariff truce, preventing the implementation of higher tariffs on goods traded between the two nations.
In an interview Bessent also said Chinese President Xi Jinping had invited Trump to a meeting.
"There's no date," Bessent said. "The president hasn't accepted yet."
Earlier, Trump expressed optimism about reaching a trade deal and suggested a meeting with Xi could happen before the year’s end if an agreement is finalised.
Despite progress in talks, Bessent emphasized the need for sustained efforts spanning months or longer to curb fentanyl precursor flows from China before the U.S. will consider lowering tariffs.
The U.S. accuses China of not adequately addressing the fentanyl crisis, which has fueled overdose deaths, while China denies these allegations and accuses the U.S. of using the issue for leverage.
Since February, the U.S. has maintained tariffs on Chinese imports related to these concerns, alongside a base tariff increase imposed earlier.
China has set a preliminary anti-dumping duty of 75.8% on Canadian canola imports from Thursday, escalating a trade row that began after Ottawa impose...
France, Germany and the UK have told the United Nations they are prepared to reinstate sanctions on Iran unless it returns to talks over its nuclear p...
Indian Prime Minister Narendra Modi is expected to visit the United States next month to attend the United Nations General Assembly, where he may hold...
Russian President Vladimir Putin held a phone conversation with North Korean leader Kim Jong Un on Tuesday, informing him about his scheduled meeting ...
A lawyer for California told a federal judge on Tuesday (12 August) that the Trump administration’s use of National Guard troops in Los Angeles duri...
China has set a preliminary anti-dumping duty of 75.8% on Canadian canola imports from Thursday, escalating a trade row that began after Ottawa imposed tariffs on Chinese electric vehicles last year.
France, Germany and the UK have told the United Nations they are prepared to reinstate sanctions on Iran unless it returns to talks over its nuclear programme, the Financial Times reported.
Indian Prime Minister Narendra Modi is expected to visit the United States next month to attend the United Nations General Assembly, where he may hold talks with President Donald Trump, according to the Indian Express.
From McDonald’s and Coca-Cola to Apple and Amazon, some of America’s biggest brands are facing boycott calls in India after Washington imposed steep 50% tariffs on Indian goods.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
France, Germany and the UK have told the United Nations they are prepared to reinstate sanctions on Iran unless it returns to talks over its nuclear programme, the Financial Times reported.
Indian Prime Minister Narendra Modi is expected to visit the United States next month to attend the United Nations General Assembly, where he may hold talks with President Donald Trump, according to the Indian Express.
Russian President Vladimir Putin held a phone conversation with North Korean leader Kim Jong Un on Tuesday, informing him about his scheduled meeting with U.S. President Donald Trump in Alaska later this week, according to the Kremlin.
A lawyer for California told a federal judge on Tuesday (12 August) that the Trump administration’s use of National Guard troops in Los Angeles during immigration enforcement operations was illegal, violating the Posse Comitatus Act (PCA), which restricts military involvement in civilian policing.
Brazil’s President Luiz Inacio Lula da Silva announced on Tuesday a $5.55 billion credit plan to support exporters affected by recent U.S. tariff hikes, with additional backing through government purchases expected.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment