14 h. ago China bets on tax perks to win back foreign investors amid global headwinds

China has stepped up efforts to attract foreign investors, as policymakers look to bolster the domestic economy and safeguard its position in global supply chains amid negotiations with major trade partners. New tax breaks unveiled this week aim to encourage foreign firms to reinvest profits locally – part of a broader effort to restore confidence and signal openness as challenging trade talks continue with the European Union and United States. The Ministry of Commerce, the Ministry of Finance...

Economics

22 h. ago Japan races against time to avoid US car tariffs as deadline looms

Japan’s top negotiator has made a last-ditch trip to Washington in hopes of heading off a steep US tariff on Japanese cars – but with just over a week to go, and President Donald Trump doubling down in recent comments, analysts say neither side appears willing to compromise. Ryosei Akazawa, Japan’s chief trade envoy on the issue, flew into the US capital on Thursday and spoke twice to Commerce Secretary Howard Lutnick by phone over the weekend. But he failed to secure a meeting with Treasury...

Economics

40 h. ago New York/New Jersey holds firm in May as Trump advances China and Canada trade talks

New York/New Jersey holds firm in May as Trump advances China and Canada trade talks  WorldCargo News

Politics

4 d. ago Trump: US to tell countries ‘what they have to pay’; China, India deals coming

With the July 9 deadline for “Liberation Day” tariffs nearing, US President Donald Trump said on Friday that Washington would inform countries “what they have to pay” to do business with America “over the next week and a half or so”. His remarks came hours after Treasury Secretary Scott Bessent suggested trade talks could continue to September. Trump also directed a new salvo at Canada, announcing an immediate halt to trade talks in retaliation for Ottawa’s plan to introduce a digital trade tax...

Politics

4 d. ago Trump tariffs live updates: Trump says he is terminating trade talks with Canada; US, China clinch truce

Trump tariffs live updates: Trump says he is terminating trade talks with Canada; US, China clinch truce  Yahoo Finance

Politics

4 d. ago China, US finalise trade deal; global conflict warning: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China, US finalise trade deal as Beijing confirms breakthrough in talks China said on Friday that it would review and approve export applications for controlled items while the US would also remove some limits – confirming a breakthrough in trade talks centred on export controls. 2. China should be alert to risk of US being drawn into war by allies, analyst...

Events

4 d. ago Ahead of a crunch summit with China, the EU is complaining of ‘stinking fish’

A month out from a crunch summit between Chinese President Xi Jinping and the leaders of the European Union, senior EU officials have landed on an unsavoury term to describe their trade ties with China: “the stinking fish.” The analogy, used when briefing member state diplomats on progress in trade talks with China, refers to the European Commission’s frustration that each of its top demands from Beijing is around the removal of measures that were introduced to punish Europe or the US. Brussels...

Politics

4 d. ago Beijing, Washington finalize trade framework after London talks | Daily Sabah

Beijing, Washington finalize trade framework after London talks | Daily Sabah  Daily Sabah

Politics

4 d. ago Trump says he's terminating trade talks with Canada, 'effective immediately'

Trump says he's terminating trade talks with Canada, 'effective immediately'  NPR

Politics

4 d. ago China, US finalise trade deal as Beijing confirms breakthrough in talks

China said on Friday that it would review and approve export applications for controlled items while the US would also remove some limits – confirming a breakthrough in trade talks centred on export controls. Beijing and Washington have been in close communication since a two-day round of trade talks in London earlier this month, with the two sides further confirming details of the framework, China’s Ministry of Commerce said on Friday afternoon. “China will review and approve export...

Economics

4 d. ago China, US reach agreement on export controls as trade talks bear fruit

China said on Friday that it would review and approve export applications for controlled items while the US would also remove some of its limits – confirming much-needed progress in trade talks centred on the two countries’ extensive, reciprocal export controls. Beijing and Washington have been in close communication since a two-day round of trade talks in London ended earlier this month, with both sides further confirming details of the framework solidified in those meetings, China’s Ministry...

Politics

4 d. ago US, China reach ‘understanding’, Xi to miss Brics summit: SCMP’s 7 highlights

We have selected seven stories from the SCMP’s coverage over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. White House says US reaches ‘understanding’ with China on rare earth shipments The United States and China reached a “framework” agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral trade talks that started last month in Geneva,...

Politics

4 d. ago US, China reach ‘understanding’, Xi to miss Brics summit: 7 highlights

We have selected seven stories from the SCMP’s coverage over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. White House says US reaches ‘understanding’ with China on rare earth shipments The United States and China reached a “framework” agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral trade talks that started last month in Geneva,...

Politics

5 d. ago Trump says US signed agreement with China; White House clarifies

The United States and China reached a “framework” agreement aimed at implementing a deal based on trade talks that started in Geneva, Switzerland last month, the White House said. The clarification came shortly after US President Donald Trump said that the US had signed a trade agreement with Beijing a day earlier, offering no further details. “Everybody, everybody wants to make a deal and have a part of it, right? I know [US Trade Representative Jamieson Greer] and [Commerce Secretary] Howard...

Politics

5 d. ago White House says US reaches ‘understanding’ with China on rare earth shipments

The United States and China reached a “framework” agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral trade talks that started last month in Geneva, Switzerland, the White House said. “The administration and China agreed to an additional understanding for a framework to implement the Geneva agreement,” a White House official said. The understanding focuses on “how we can implement expediting rare earths shipments to the U.S. again”. Speaking in a Bloomberg...

Events

5 d. ago ‘Chinese will have to be careful’: US trade truce may come, but risks remain

After months of chest-thumping, accusations and threats, look for US-China trade relations to weather an uneasy pause as the giants retreat from extremist positions, guard against backtracking and alter the negotiating dynamic toward an eventual agreement, analysts and former US officials say. The breather follows this month’s London sit-down after the two engaged in a high-stakes tariff battle then went for each other’s jugulars, with China blocking rare earth exports and Washington choking off...

Events

7 d. ago China decries latest EU trade salvo putting medical devices in the line of fire

China has hit back at the EU’s decision to exclude Chinese companies from the 27-member bloc’s public tenders for multi-million-euro medical devices – the latest items on a growing list of trade disputes between Beijing and Brussels. “The European side has disregarded the goodwill and sincerity that China has repeatedly conveyed through bilateral dialogues,” a spokesperson for the Ministry of Commerce said on Tuesday. “China is strongly dissatisfied with the decision and resolutely opposes...

Events

8 d. ago China looks to Singapore to help secure supply chains from US trade war turmoil

China and Singapore should work together to safeguard global supply chains, Chinese Premier Li Qiang said on Monday as Beijing seeks deeper ties with neighbouring countries to help offset trade tensions with Washington. In talks with Singaporean Prime Minister Lawrence Wong at the Great Hall of the People in Beijing, Li said bilateral ties had continued to strengthen, and the two countries were “friendly neighbours and important partners”. “China is willing to maintain close high-level exchanges...

Events

1 week ago Chinese and EU trade officials hold talks after von der Leyen outburst

Chinese commerce minister Wang Wentao and European trade commissioner Maros Sefcovic held a video call on Thursday, as the two sides strive to keep a lid on simmering economic tensions and pave the way for a leaders’ summit in Beijing. “Both sides agreed to work together to lay the groundwork for key economic and trade items on the China-EU agenda this year,” the Ministry of Commerce said in an online statement released on Friday. The two officials discussed a series of topics during the call,...

Politics

1 week ago China learned a valuable lesson in US trade talks: the value of its leverage

China learned a valuable lesson in US trade talks: the value of its leverage  CNN

Politics