In response to escalating trade tensions with the United States, China's Commerce Minister Wang Wentao has engaged in discussions with leaders from the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) to bolster economic cooperation and counteract the impact of US. tariffs.
On April 8, 2025, Minister Wang held a video conference with EU Trade Commissioner Maros Sefcovic. The talks focused on enhancing trade relations and addressing the challenges posed by the increased US. tariffs on Chinese goods.
Both parties agreed to resume negotiations on electric vehicle price commitments and other trade relief measures. Wang emphasized China's commitment to strengthening industrial cooperation with the EU and supporting the rules-based multilateral trading system.
Simultaneously, Wang met with Malaysian Trade Minister Zafrul Aziz, whose country currently holds the ASEAN chairmanship. The discussions underscored the importance of reinforcing China-Malaysia and broader China-ASEAN trade relations. Wang expressed China's readiness to enhance communication and coordination with ASEAN nations to address mutual trade concerns and promote economic collaboration.
These diplomatic initiatives come in the wake of US President Donald Trump's decision to impose a 125% tariff on Chinese imports, a move that has intensified global trade tensions. China has condemned the US. actions as unilateral and protectionist, vowing to defend its economic interests.
Amid these developments, China is also focusing on stabilizing its currency, the yuan, to mitigate the economic impact of US. sanctions. By strengthening ties with the EU and ASEAN, China aims to diversify its trade partnerships and reduce reliance on the US. market.
These efforts reflect China's strategy to uphold the multilateral trading system and foster regional economic stability in the face of escalating trade disputes.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency....
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to...
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are pres...
Artillery fire and ground skirmishes have erupted once again along the jungle frontier between Thailand and Cambodia, shattering a fragile ceasefire a...
The United Nations Security Council has issued warnings about the rapidly worsening humanitarian crisis in Ukraine, citing a sharp surge in civilian c...
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Kazakhstan has begun redirecting part of its crude exports, sending oil from the Kashagan field to China for the first time.
Beijing has launched a scathing diplomatic attack on Tokyo, accusing Japan of exploiting the Taiwan issue to destabilise the region, following a dangerous naval encounter involving fire-control radar locks in the Pacific.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to know.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
Artillery fire and ground skirmishes have erupted once again along the jungle frontier between Thailand and Cambodia, shattering a fragile ceasefire and displacing tens of thousands of civilians in the worst outbreak of violence between the neighbours in years.
The United Nations Security Council has issued warnings about the rapidly worsening humanitarian crisis in Ukraine, citing a sharp surge in civilian casualties amidst Russia's intensified aerial attacks, marking the deadliest period of the war in more than a year.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment