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Trump's trade war with China in focus ahead of May summit
4 hours ago ... White House Economic Advisor Contradicts President Trump on Who Actually Pays for the Tariffs on China ... Escalating US-China trade war risks economic downturn.
Trump's trade war with China in focus ahead of May summit
Follow our live coverage here.BEIJING - US President Donald Trump is due to meet Chinese President Xi Jinping in May during his first visit to China in eight years, a closely watched trip that comes just a year after Washington rolled out sweeping and at times erratic global tariffs.The confrontation between the world’s two top economies has evolved from slapping tit-for-tat tariffs to managing tensions following numerous rounds of trade talks, as well as phone calls and a meeting between their presidents in 2025.March - US launches new Section 301 unfair-trade probes into Chinese industries. China responds with reciprocal investigations. Plans for a summit between Trump and President Xi Jinping were underway but Mr Trump delays Beijing visit to mid-May as the Iran war continues.US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer meet Chinese Vice Premier He Lifeng and top trade negotiator Li Chenggang in Paris for a sixth round of talks that both sides described as “constructive”.February - US Supreme Court rejects Mr Trump’s global tariff regime. Mr Trump indicates he will still use tariffs.January - China ends 2025 with a record trade surplus, likely reaping dividends from having redirected trade to Southeast Asia, Africa and Latin America as a decline in exports to the US accelerated.October 2025 - China flexes its dominance on critical minerals, widening export controls to include more rare earth elements and increasing scrutiny on semiconductor users.US layers another 100 per cent duty on Chinese imports and introduces export controls on critical software. Both countries also target each other's shipping industry.Mr Trump and Mr Xi then meet in Busan, South Korea, agreeing to a new trade truce. Washington would trim tariffs while Beijing would target the illicit fentanyl trade, resume US soybean purchases and pause the rare earth export curbs.September 2025 - US and China discuss TikTok divestiture. US pushes to talk about trade of chemicals, aircraft engines and parts with China.June- August 2025 - Mr Trump says trade truce was back on track after some Chinese rare earth magnet producers begin to receive export licences. US starts issuing licences to Nvidia to export its advanced artificial intelligence chips to China, while Mr Trump urges China to quadruple US soybean purchases. Tariff truce was extended another 90 days.May 2025 - At the first round of trade talks, held in Geneva, both sides strike a 90-day truce that allowe...
Trump-Xi Summit Delay Lets US-China Tensions and Trade Disputes Build ...
Every week that passes without a face-to-face meeting between Donald Trump and Xi Jinping gives fresh grievances time to accumulate. That growing list is testing both sides' ability to keep ties ...
The delayed Trump-Xi summit, Iran, and the US-China relationship
... trade and the global economy, which China depends on quite a lot. [14:17] ... might mirror that of China's reaction on the economic and technology side.
