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A senior Chinese trade delegation led by veteran negotiator Li Chenggang is traveling to Washington this week to restart high-level trade talks with the United States, in what officials describe as a critical step toward stabilizing economic ties between the world’s two largest economies.
Li, who previously served as China’s ambassador to the World Trade Organization, is expected to meet US. Trade Representative Katherine Tai and senior Treasury officials for discussions centered on tariffs, market access, and industrial competition.
The visit follows a series of negotiations earlier this year in Geneva, London, and Stockholm, where both sides sought to ease tensions that had escalated under sweeping tariff hikes. Talks in London produced a tentative “framework” agreement, though final approval has yet to be secured by Presidents Xi Jinping and Donald Trump. Despite these efforts, progress has been halting, with each round of talks offering temporary pauses but no comprehensive settlement.
Currently, both countries are operating under a 90-day tariff truce announced in mid-August. The arrangement preserves US. tariffs at around 30 % on Chinese goods and Chinese tariffs at about 10 % on American exports, averting sharp increases that would have driven US. duties to as high as 145 % and Chinese retaliatory tariffs to 125 %. The truce, in place until November, has provided temporary relief to sectors such as Chinese technology, machinery, consumer goods, and e-commerce platforms, while also easing pressure on US. retailers and toy manufacturers.
Li’s trip to Washington shows cautious optimism that both sides may seek limited compromises to prevent further economic strain. Yet the outcome remains uncertain, with deep divides over industrial subsidies, advanced technology, and market barriers still unresolved. The renewed talks will test whether Beijing and Washington can move beyond short-term truces toward a more stable and predictable trade relationship.
Israeli Prime Minister Benjamin Netanyahu issued veiled threats to Iran’s new Supreme Leader, Mojtaba Khamenei, and Hezbollah on Thursday (12 March), during his first press conference since the conflict with Iran began.
Israel and Iran continued to exchange strikes on Friday (13 March), as the U.S. and French militaries reported deaths in Iraq, and the U.N. launched a $325 million appeal to help Lebanon, where a seventh of the population have left their homes since fighting began.
A long-running investigation has suggested that the street artist known as Banksy may be legally named David Jones. A report indicates that Jones was previously known as Robin Gunningham, a name long associated with Banksy, before legally changing his name several years ago.
A widening conflict involving Iran, the United States and Israel has triggered escalating military strikes across the Middle East, disrupted shipping through the strategic Strait of Hormuz and raised concerns over global energy supplies. This live report tracks the latest developments.
Ayman Ghazali, a 41-year-old U.S. citizen born in Lebanon, crashed his truck into the hallway of a Detroit-area synagogue on Thursday (12 March) while children attended preschool. Security personnel shot him dead during the confrontation, and authorities said no one else was seriously injured.
Kremlin spokesman Dmitry Peskov said on Saturday (14 March) that many countries are interested in purchasing Russian oil after the United States temporarily eased sanctions on certain exports.
An explosion lightly damaged a Jewish school in Amsterdam early on Saturday (14 March) in what the city’s mayor described as “a deliberate attack against the Jewish community.”
Ukrainian drones struck an oil refinery and a key port in Russia’s southern Krasnodar region overnight (13-14 March), local authorities said, causing injuries and damage. In separate action, Russian air attacks on Ukrainian territory killed and wounded civilians near Kyiv, officials reported.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13rd of March, covering the latest developments you need to know.
North Korea fired what appeared to be a ballistic missile on Saturday (14 March), Japanese and South Korean officials said. The development comes amid the joint annual U.S.-South Korea "Freedom Shield" military drills and South Korean Prime Minister Kim Min-seok's visit to Washington.
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