53 h. ago US Treasury chief slams ‘unreliable’ China at House hearing on Trump trade policy

US Treasury Secretary Scott Bessent slammed Beijing on Wednesday for its aggressive export policies, urged it to be a more dependable partner and depicted China’s disjointed economic structure as hurting not only the US but the entire globe. “China currently has the most unbalanced economy in the history of the world,” Bessent, a former hedge fund manager, told the powerful House Ways and Means Committee. “They cannot be allowed to export their way back to prosperity, not only for working...

Politics

4 d. ago US and China begin crunch trade talks in London amid simmering tensions

Top economic officials from China and the United States have kick-started a crucial round of trade talks in London, as the world watches closely to see if the two sides can agree to roll back their “chokehold” controls over critical minerals and advanced technologies. The Chinese and American delegations – led by China’s vice-premier, He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer – met Monday afternoon, local...

Events

4 d. ago US vows reprieve on some tech export restrictions as talks with China begin in London

Top economic officials from Washington and Beijing have launched a high-stakes round of trade talks in London, with a senior White House official signaling soon after the start that the US will ease some tech export restrictions on China, adding that he expected the Chinese government to ramp up rare earth mineral exports to American markets. The Chinese and American delegations – led by China’s vice-premier, He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard...

Politics

4 d. ago US hints at reprieve on some tech export restrictions as talks with China begin

Top economic officials from Washington and Beijing launched a high-stakes round of trade talks in London, with a senior White House official signalling soon after the start that the US would ease some tech export restrictions on China, adding that he expected the Chinese government to ramp up rare earth mineral exports to American markets. The Chinese and American delegations – led by Chinese Vice-Premier He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick...

Politics

7 d. ago Trump’s top economic officials to meet with China counterparts in London next week

US President Donald Trump’s top economic officials will meet with their Chinese counterparts on Monday. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal,” Trump said on social media. “The meeting should go very well. Thank you for your attention to this...

Politics

7 d. ago Trump says his top economic officials will meet with China counterparts in London next week

US President Donald Trump announced on Friday that his top economic officials will meet with their Chinese counterparts next week to discuss trade, just days after he conducted a phone call with Chinese President Xi Jinping. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference...

Politics

7 d. ago Trump says US economic officials to meet China counterparts in London next week

US President Donald Trump announced on Friday that his top economic officials will meet with their Chinese counterparts next week to discuss trade, just days after he conducted a phone call with Chinese President Xi Jinping, and also reiterated that Beijing agreed to restart exports of critical minerals. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting...

Politics

1 week ago ‘Trade shocks’ force China’s firms to invest more efficiently: researchers

Chinese firms tend to invest more efficiently when facing higher duties or import restrictions, according to a study that highlights an unexpected benefit of tariffs by analysing data from before the two trade wars with the United States. Published in the peer-reviewed Journal of Corporate Finance, the paper examined more than 2,700 listed firms in China, their financial and accounting data from 2003 to 2016, and the trade barriers imposed on the country during this period. The paper was...

Economics

2 w. ago Greenland urges US, Europe to invest in its minerals, or China will

Greenland urges US, Europe to invest in its minerals, or China will  Mining.com

Politics

3 w. ago China's Xiaomi to invest almost $28 billion in core technology R&D over next five years

China's Xiaomi to invest almost $28 billion in core technology R&D over next five years  Reuters

Economics

last month Treasury Secretary Bessent Defends Tax Breaks for those who Invest in China

Treasury Secretary Bessent Defends Tax Breaks for those who Invest in China  Congressman Brad Sherman | (.gov)

Economics