Tariff fears cloud global factory outlook despite bright spots in Asia and Europe
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countri...
U.S. President Donald Trump said on Monday that he received positive updates from trade talks between American and Chinese officials held in London.
Speaking at an investment event at the White House, Trump responded to questions from reporters regarding the ongoing negotiations. “We’re doing very well with China,” he said, adding that he expects a follow-up call from the U.S. delegation later in the day.
Trump noted that opening U.S. companies to the Chinese market would be “great for China and great for the rest of the world,” although he did not give a definitive answer on whether export controls on China would be lifted, simply stating, “We’ll see.”
The London talks followed a phone conversation last week between President Trump and Chinese President Xi Jinping. Delegations from both countries met earlier today and are expected to continue discussions tomorrow.
The U.S. team is represented by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. The Chinese delegation is led by Vice Premier He Lifeng.
Trade tensions between the two nations have intensified in recent months, with both sides imposing steep tariffs. The U.S. increased tariffs on Chinese goods to as much as 145%, while China responded with up to 125% tariffs on American products.
Efforts to ease tensions included last month's negotiations in Geneva, where the two sides agreed to a 90-day tariff reduction period. However, on May 30, Trump accused China of violating large parts of the Geneva agreement and expressed hope for a resolution in further talks with Xi.
Washington has also criticized Beijing for maintaining restrictions on rare earth exports, prompting the U.S. to impose export controls on artificial intelligence chips and related software. The administration also announced plans to revoke visas for Chinese students involved in sensitive research fields or those linked to the Chinese Communist Party.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countries like Japan, China, and Ireland.
Ukrainian President Volodymyr Zelenskyy spoke with Azerbaijani President Ilham Aliyev on July 1 to offer condolences, express gratitude for regional support, and reaffirm mutual commitment to sovereignty and bilateral cooperation.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which North Koreans secured remote tech jobs at more than a 100 U.S. companies to steal money and data globally.
A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, amid an escalating crackdown on high-level misconduct.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment