The US and China have released reciprocal lists of goods worth about $30bn each on which they plan to cut tariffs, ranging from consumer electronics and agricultural products to artificial flowers and live dolphins. The announcements are the latest tack away from the intense trade war between the world’s two largest economies that dominated much of last year, though major strategic products are not included and no timeline has yet been given for the reductions. The US list includes 77 categories of Chinese products including bed linen, garden umbrellas, toasters,…
Tag: Trump tariffs
Trump-Xi live updates: leaders of US and China to talk AI and trade in major Washington meeting
From 28m ago Trump and Xi to talk AI and trade in major Washington meeting Presidents Donald Trump and Xi Jinping have plenty to cover when they sit down for talks Thursday at the White House. The US and Chinese leaders are tackling issues like trade irritants, artificial intelligence safeguards and the war in Iran. Trump wants China to use its influence with Iran, while Xi seeks a halt to US arms sales to Taiwan. A fragile trade truce had been set to expire in November, but the two countries…
No bailouts for Jaguar Land Rover amid reports of thousands of job cuts, says minister
The government has signalled that it will not invest taxpayers’ money to limit job losses at Jaguar Land Rover (JLR), after it emerged that the UK’s biggest carmaker is planning up to 4,000 redundancies. Before crunch talks on Tuesday between JLR, union leaders and government officials, the business secretary, Jonathan Reynolds, said it was not his job to “intervene and run businesses”. JLR, owned by the Indian conglomerate Tata Motors, told staff on Friday to expect a voluntary redundancy programme, as it tries to shore itself up against tough conditions…
Is the US actually too chicken to take on China for trade?
Since China offered a truce in the trade war last October following its threat to deprive the United States of rare-earth magnets, the Trump administration has been happy to stop escalating. After all, imports from China have been falling, down by 40% in the year to June, compared with the same period in 2024. Best to declare victory and call it a day. But the US hasn’t won this battle – and there’s strong evidence to show it’s too chicken to really try. Last week the White House was forced…
What was actually achieved at Trump and Xi’s ‘stalemate summit’ in Beijing?
Donald Trump’s whirlwind trip to Beijing – the first US presidential visit in nearly a decade – wrapped up with much fanfare but little clarity about what was actually achieved. Trump said on Friday he and Xi Jinping, China’s leader, “settled a lot of different problems that other people wouldn’t have been able to solve”. But he didn’t provide much detail on what those solutions were. “My guess is that despite all the ceremony and summit theatrics, that at the end of the day, this summit will not be that…
Trump-Xi accord on Iran elusive as US president’s China trip winds down
Donald Trump has claimed that the US and China “feel very similar” about ending the war in Iran but offered no details about a possible breakthrough. The US president was speaking alongside Xi Jinping of China at the Zhongnanhai garden in Beijing on the second and final day of the leaders’ summit. “We did discuss Iran,” Trump said. “We feel very similar about [how] we want it to end. We don’t want them to have a nuclear weapon. We want the straits open.” He added: “We want them [Iran] to…
Trump and Xi meet in Beijing for key summit, with trade, the Iran war and AI set to dominate talks
US president Donald Trump has met with China’s leader Xi Jinping for a momentous summit that will pack negotiations on global conflict, international trade and the future of artificial intelligence into just over 24 hours. Trump arrived at the Great Hall of the People, an imposing Mao-era building that borders the western edge of Tiananmen Square, on Thursday morning for an opening ceremony followed by an hour of face to face talks with Xi. Rows of uniformed officers flanked the red carpet laid out in front of the Great Hall…
Trump-Xi summit live: US president preparing to meet China’s leader with trade, Taiwan and the Iran war set to dominate talks
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Trump due in China for high-stakes summit with Xi Jinping, as Iran war looms over talks
Donald Trump is due to arrive in Beijing on Wednesday evening, the first visit to China by a US president in nearly a decade, as he seeks to mend power and prestige weakened by the war in Iran. Trump will bring tech leaders, including Elon Musk of Tesla and Tim Cook of Apple, and plans for headline-grabbing deals. He has said he expects China’s leader, Xi Jinping, would “give me a big, fat hug when I get there”. But the Middle East conflict that Trump started, and seems unable to finish, will…
Trump is being schooled on the limits of US power – but he is a slow learner | Rafael Behr
Donald Trump is teaching the world a lesson, but not the one he thinks. The attack on Iran was meant to be a dazzling display of military supremacy. It has instead illuminated chinks in the US’s armour. The US president’s formidable arsenal cannot summon up an insurrection from Iran’s tyrannised and leaderless opposition. It cannot force merchant ships to run a gauntlet of missile and drone attacks in the strait of Hormuz. The government in Tehran and the facts of geography that give it leverage over global trade are unchanged.…