Trump Says U.S. Trade Deal With China Is Done
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The president said he and Chinese President Xi Jinping still need to sign off on a preliminary deal, even though he called it "done."
Chinese exports of rare earth minerals, which are vital to carmakers and other industries, and China's access to high-end technology from the U.S., including computer chips, are high on the agenda.
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The high-level negotiations over China's export controls of rare earths is giving U.S. businesses some relief, even though it may be only for now.
Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.
Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized.
High-stakes trade negotiations between the U.S. and China continued into a second day Tuesday, as both sides sought to defuse a trade war that threatens both economies.
LONDON, June 9 (Reuters) - Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two superpowers that has widened in recent weeks beyond tit-for-tat tariffs to export controls over goods and components critical to global supply chains.
China returns to trade talks with the U.S. holding, from its view, a strong hand: Its economy is bearing up better than expected. And it has an ace card: rare earths.