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Ongoing Trade Tensions: U.S. and China Await Negotiations
2025-05-06 22:55:09
China

Ongoing Trade Tensions: U.S. and China Await Negotiations

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The trade dispute between the United States and China remains unresolved, with President Donald Trump indicating that discussions will take place 'in due course.' Despite earlier claims, Trump acknowledged that negotiations have yet to commence. The conflict intensified when the U.S. imposed tariffs of up to 145 percent on Chinese imports, prompting China to retaliate with tariffs of 125 percent on U.S. goods.

Treasury Secretary Scott Bessent confirmed that no trade talks have started, although the administration is actively negotiating with other global partners. Trump maintains that the U.S. suffers no losses from decreased trade with China, asserting that meetings will occur at the 'right time.' Meanwhile, China is considering the suspension of some tariffs on specific U.S. imports, highlighting the negative impact of the trade war on its economy.

In a recent development, high-level officials from both nations are set to meet in Switzerland, signaling a potential turn in negotiations. As the situation evolves, both countries are navigating a complex landscape of tariffs and trade relations.

Related news on that topic:

US Trade Deficit Soars Amid Tariff Policies

In March, the United States experienced an unprecedented trade deficit of $140.5 billion, the highest on record since 1992. This surge in the deficit, attributed to a 4.4% increase in imports, prompted President Donald Trump to impose global tariffs of at least 10% on various goods. While imports rose sharply, exports remained stagnant, highlighting the imbalance in trade dynamics. Economists predict that this surge in imports may be temporary, potentially easing by May and allowing for GDP recovery. However, the tariffs threaten to inflate prices for American consumers. Meanwhile, the European Union is preparing a substantial countermeasure against US tariffs, targeting nearly €100 billion in American goods. The ongoing trade tensions between the US and China exacerbate the situation, with both nations facing economic repercussions. As negotiations continue, the path forward remains fraught with challenges, impacting global trade stability.

Strengthening China-EU Relations

In celebration of the 50th anniversary of diplomatic ties, EU leaders Ursula von der Leyen and António Costa will visit China. High-level discussions will focus on strategy, economics, trade, and green development, emphasizing the importance of dialogue and cooperation. Amid ongoing trade tensions with the U.S., China has praised its relationship with the EU as a stabilizing force in the global economy. President Xi Jinping highlighted the need for multilateralism and fairness, urging the EU to resist unilateral actions. Additionally, mutual sanctions have been lifted to facilitate improved relations. However, some EU politicians express caution regarding deeper ties with Xi, raising concerns about the implications of closer engagement. The upcoming summit in Beijing further reflects the evolving landscape of international relations.

Read 12 more recent news on this topic

The press radar on this topic:

The Street
9. Mai 2025 um 11:33

Fred Krueger says Trump has ‘lost credibility’ as China talks stall

Fred Krueger, a mathematician and author, criticized President Donald Trump for losing credibility due to his fluctuating tariff policies, which have unsettled global markets. After Trump indicated a softer approach towards China on April 22, claiming tariffs would decrease, China denied any ongoing trade negotiations. The U.S. currently imposes 145% tariffs on Chinese imports, while China has 125% tariffs on U.S. products, exacerbating the trade conflict. Despite initial panic in the crypto m..
The Street
9. Mai 2025 um 14:36

China's latest response on tariffs sends shock into the market

China and the U.S. are not currently engaged in tariff negotiations, according to China's Foreign Ministry. However, China is reportedly considering suspending 125% tariffs on certain U.S. imports, including medical equipment, industrial chemicals, and select semiconductor products, due to the adverse impact of the trade war on Chinese industries. The U.S. and China have been engaged in a long-standing dispute over semiconductor technology and manufacturing, with the U.S. seeking to limit Chin..
The Street
12. Mai 2025 um 19:26

Trump gives a new deadline on trade deals

President Donald Trump said that trade deals are to be expected in the next 3-4 weeks. The U.S. won't drop tariffs on China unless they give the U.S. something, he added. "What I’m doing is exactly what I’ve campaigned on," he added. This is a developing story.
n-tv.de
6. Mai 2025 um 16:26

China Senses Its Chance: EU Sees Itself in a Good Position in the Trade Dispute with the US - n-tv.de

The EU sees itself in a good position in the trade dispute with the US and wants to conduct negotiations without making a bad deal. Possible retaliatory measures are planned and relationships with other trade partners such as India, Indonesia, Thailand and Malaysia are being strengthened.
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