6 h. ago Trump Softens Tone on China to Secure Xi Summit and a Trade Deal

Trump Softens Tone on China to Secure Xi Summit and a Trade Deal  Bloomberg.com

Politics

7 h. ago US, China ‘creeping’ toward agreement; Airbus signs deal: 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. US and China are ‘creeping’ towards a trade deal, former ambassador Burns says Washington and Beijing are on a “creeping path towards some kind of a deal”, former US ambassador to China Nicholas Burns said on Tuesday, while offering some rare support for US President Donald Trump’s tariff strategy towards China. 2. China’s foreign minister urges SCO to work...

Events

12 h. ago Will Indonesia lose out after Trump’s ‘landmark’ trade deal with Prabowo?

Indonesia has hailed its new trade deal with the United States as a diplomatic “success” that will lower tariffs and boost exports to the world’s largest economy, even as analysts warn the agreement could harm local farmers and compromise energy security. Hasan Nasbi, head of the presidential communications office, said the deal should be “appreciated”, noting that the 19 per cent tariff imposed on Indonesian goods entering the US market was lower than Vietnam’s 20 per cent rate. Hasan said that...

Politics

16 h. ago US and China are ‘creeping’ towards a trade deal, former ambassador Burns says

Washington and Beijing are on a “creeping path towards some kind of a deal”, former US ambassador to China Nicholas Burns said on Tuesday, while offering some rare support for US President Donald Trump’s tariff strategy towards China. Burns, who served as envoy to Beijing under former president Joe Biden from 2022 until this year, told a crowd at the Aspen Security Forum in Colorado that both sides had strong economic incentives to reach a trade agreement. He also pushed back against the...

Events

16 h. ago Former US envoy backs Trump tariffs, says China deserves ‘tough

Washington and Beijing are on a “creeping path towards some kind of a deal”, former US ambassador to China Nicholas Burns said on Tuesday, while offering some rare support for US President Donald Trump’s tariff strategy towards China. Burns, who served as envoy to Beijing under former president Joe Biden from 2022 until this year, told a crowd at the Aspen Security Forum in Colorado that both sides had strong economic incentives to reach a trade agreement. He also pushed back against the...

Politics

30 h. ago Trump claims Indonesia trade deal; Bessent says China deal timeline ‘flexible’

US President Donald Trump said on Tuesday that his administration had reached a trade deal with Indonesia, without offering any details about the terms, scope, or timeline, while his Treasury Department chief cut Beijing some slack on the deadline for a final deal with China. “Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!” Trump said in a social media post. A deal between the US and Southeast Asia’s most populous...

Politics

30 h. ago Trump claims Indonesia trade deal; Bessent calls China deal timeline ‘flexible’

US President Donald Trump said on Tuesday that his administration had reached a trade deal with Indonesia, while his Treasury Department chief cut China some slack on the deadline for a final deal of its own. Speaking to reporters at the White House on Tuesday, Trump said that Indonesia would charge no tariffs on US imports, while exports from the southeast Asian country to America would be subject to a 19 per cent levy. “They are going to pay 19 per cent and we are going to pay nothing ... we...

Politics

35 h. ago India in a fix over Trump’s tariff threat aimed at Russian oil

US President Donald Trump’s threat to impose steep secondary tariffs on countries trading with Russia has raised alarm in India over the future of its discounted oil purchases from Moscow, with analysts warning the issue could complicate negotiations on a bilateral trade deal with Washington. Trump vowed on Monday to impose “very severe tariffs” if Russia did not end its war in Ukraine within 50 days. Washington would target Moscow’s remaining trade partners with measures aimed at choking off...

Politics

4 d. ago China, ASEAN to submit upgraded free trade deal to leaders in October, says China's foreign minister

China, ASEAN to submit upgraded free trade deal to leaders in October, says China's foreign minister  Reuters

Politics

8 d. ago Australia’s Albanese confirms China visit as Beijing eyes trade deal review By Reuters

Australia’s Albanese confirms China visit as Beijing eyes trade deal review By Reuters  Investing.com

Economics

8 d. ago Australia's Albanese confirms China visit as Beijing eyes trade deal review

Australia's Albanese confirms China visit as Beijing eyes trade deal review  Reuters

Economics

1 week ago Vietnam breathes sigh of relief after Trump trade deal, but challenges remain

Vietnam breathed a sigh of relief when US President Donald Trump announced a trade deal had been struck between Hanoi and Washington. The Vietnam Stock Index reached its highest level since April 2022, indicating confidence that export stability had been achieved. On the face of it, the deal is highly unbalanced, with US exports to Vietnam enjoying tariff-free market access, while Vietnamese exports in the other direction now face a 20 per cent rate, slightly over twice last year’s average rate...

Politics

1 week ago China, EU near EV tariff deal, state media says, refutes ‘trade diversion’ fears

China and the European Union have largely finalised the “technical” part of negotiations towards resolving their electric vehicle (EV) tariff dispute, with the deal now hinging on “political will” from the European side, according to Chinese state-affiliated media. Yuyuan Tantian, a social media account linked to state broadcaster CCTV, reported on Friday night that the “technical negotiations” were essentially complete, with only the “final step” remaining. “The key now depends on whether the...

Economics

1 week ago Trump’s Vietnam Trade Deal Is All About China. What That Means for Markets.

Trump’s Vietnam Trade Deal Is All About China. What That Means for Markets.  MSN

Politics

1 week ago China nears Airbus deal, famous Hong Kong restaurant chain closes: 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond 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. Most Chinese exporters to stay in Vietnam after US tariff deal, analysts say Chinese manufacturers in Vietnam breathed a sigh of relief on Wednesday, after Washington and Hanoi agreed a “better than expected” trade deal that will...

Society

1 week ago Corn, Soybeans Extend Gains on China Trade Hopes: Can a Deal Spark a Bull Market?

Corn, Soybeans Extend Gains on China Trade Hopes: Can a Deal Spark a Bull Market?  AgWeb

Economics

1 week ago How Trump’s Trade Deal With Vietnam Is Really About China | U.S. News Decision Points | U.S. News

How Trump’s Trade Deal With Vietnam Is Really About China | U.S. News Decision Points | U.S. News  U.S. News & World Report

Politics

1 week ago China, US ease export curbs but Trump’s Vietnam deal risks blowback: analysts

A week after announcing long-anticipated progress from high-level talks in London, China and the United States are taking concrete steps to clear export hurdles and issue licenses for strategic goods. The easing of trade restrictions signals a tentative reset between the world’s two largest economies. But the thaw remains fragile, as analysts warned that Washington’s new trade deal with Vietnam could provoke a response from Beijing. Still, for now, both sides have moved to restore access to...

Politics

1 week ago Trump’s Vietnam Trade Deal Takes Aim at Back Door for Chinese Goods

Trump’s Vietnam Trade Deal Takes Aim at Back Door for Chinese Goods  WSJ

Politics

1 week ago Trump tariffs live updates: Trump announces Vietnam deal as US

Trump tariffs live updates: Trump announces Vietnam deal as US-China trade tensions ease  Yahoo Finance

Politics