China trade deal: Trump signs first stage, including soybean purchase agreement
4 years, 11 months ago

China trade deal: Trump signs first stage, including soybean purchase agreement

CNN  

CNN — President Donald Trump on Wednesday signed an initial trade deal with senior Chinese leaders that includes pledges from Beijing to more than double its purchases from American farmers in the first year. Trump said he’d visit China in the “not too distant future” to reciprocate a visit to Washington from China’s top trade negotiator. The deal, Xi wrote, was “good for China, the US and the whole world.” Saying he would remain in “close touch” with Trump, Xi said he hoped the US would treat Chinese companies fairly. Farm Bureau President Zippy Duvall called the agreement an “important step.” “China was once the largest market for U.S. agricultural products but has dropped to fifth largest since retaliatory tariffs were introduced. Ambassador Robert Lighthizer, the President’s top trade negotiator, described the deal as a “massively good first step,” describing China’s purchases as helping to create access for American companies.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
2 days, 18 hours ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

US families to bear brunt of new tariffs
Trending News
3 weeks, 3 days ago

US families to bear brunt of new tariffs

China Daily  

Families in the United States could soon have to pay thousands of dollars more for furniture, clothes, cars, electronics and household items imported from China and other key trading partners if US President-elect Donald Trump follows through with a new round of tariffs, according to economists and trade organizations. Mary Lovely, professor emeritus of economics at the Maxwell School of …

Here’s what could get significantly more expensive under Trump’s tariff plan
4 weeks, 1 day ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Here’s what could get significantly more expensive under Trump’s tariff plan
4 weeks, 1 day ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

What to buy now before Trump’s tariffs kick in
1 month, 1 week ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

What to buy now before Trump’s tariffs kick in
1 month, 1 week ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers
1 month, 1 week ago

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Oil, toys, vegetables and electronics are just some of the …

Why Trump’s proposed tariffs may be bad news for China and Asia
1 month, 2 weeks ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

China warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks ago

China warns ‘no one will win’ if Donald Trump starts trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes
1 month, 2 weeks ago

China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes

Firstpost  

Trump is set to take office in January, renewing fears of an intensified trade war that could further strain the already fraught relationship between China and the US China on Thursday unveiled new policies to support its export sector as it braces for potential tariff increases by US President-elect Donald Trump, who has threatened to raise duties on Chinese goods …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 2 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Trump's 'economic war' with China would hammer these two swing states: CNBC
1 month, 3 weeks ago

Trump's 'economic war' with China would hammer these two swing states: CNBC

Raw Story  

If President-elect Donald Trump is serious about hitting all Chinese goods with tariffs of 60 percent or higher, experts warn it could lead to all-out economic warfare that would be particularly damaging to two key swing states that Trump flipped in 2024. CNBC reports that the U.S.-China Business Council, in conjunction with Oxford Economics, estimates that a large-scale "economic war" …

Opportunities abound for China, US to expand agricultural trade, exec says
1 month, 3 weeks ago

Opportunities abound for China, US to expand agricultural trade, exec says

China Daily  

China is likely to import 30 million metric tons of soybeans from the United States during the 2025 marketing year — from Sept 1,2024, to Aug 31, 2025 — and the two countries have ample opportunities to expand agricultural cooperation, said a senior executive of the US Soybean Export Council. China's total soybean imports, including those from the US, are …

Opportunities abound for China, US to expand agricultural trade, exec says
1 month, 3 weeks ago

Opportunities abound for China, US to expand agricultural trade, exec says

China Daily  

China is likely to import 30 million metric tons of soybeans from the United States during the 2025 marketing year — from Sept 1,2024, to Aug 31, 2025 — and the two countries have ample opportunities to expand agricultural cooperation, said a senior executive of the US Soybean Export Council. China's total soybean imports, including those from the US, are …

US soybean trade with China already strained before Trump’s return -Braun
2 months ago

US soybean trade with China already strained before Trump’s return -Braun

Live Mint  

By Karen Braun NERVILLE, Illinois, - Uncertainty increased for U.S. soybean exporters this week with Donald Trump's election win, since shipments to top customer China were severely curbed when a trade war began during Trump’s first presidency. However, U.S. soybean trade to China was already going poorly prior to Tuesday’s election, and some of the latest statistics are the most …

Trump says he loves farmers. His tariff plans suggest otherwise
2 months ago

Trump says he loves farmers. His tariff plans suggest otherwise

Salon  

After last minute polling out of Iowa revealed Donald Trump may not win the deep-red state, the presidential nominee took to his social media platform, Truth Social, over the weekend to declare that no president has ever done more for the agricultural community than he has, dismissing the numbers as fake news from a “Trump hater.” “No President has done …

Farmers voice concern over possible tariffs
4 months ago

Farmers voice concern over possible tariffs

China Daily  

From the vast, fertile fields of Iowa and Illinois and several other farming states, US farmers used 30 million hectares of farmland to generate more than 48 million metric tons of soybean exports last year, worth $27.8 billion worldwide, according to the United States Department of Agriculture, or USDA. In the run-up to the 2024 US general election, the $124 …

China to remain reliant on US soybeans and sorghum despite self-sufficiency push
7 months ago

China to remain reliant on US soybeans and sorghum despite self-sufficiency push

China Daily  

Despite ambitions for enhanced food self-sufficiency, China is projected to continue relying heavily on US imports of soybeans and sorghum for decades to come, according to a food policy expert. To meet the evolving demands of its population, the report projects that China will need to significantly increase production of key food groups. The event also saw the launch of …

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV
7 months, 3 weeks ago

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV

India TV News  

US President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks. Biden will keep tariffs put in place by his Republican predecessor Donald Trump while …

US should jump-start talks with China on tariffs to manage tensions
8 months, 1 week ago

US should jump-start talks with China on tariffs to manage tensions

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. An early, promising completion of the US Trade Representative review of the China tariffs could provide a relief to consumers and importers; it would also end uncertainty in the China-US relations, making a positive impact on the international economy. Higher tariffs …

Increasing crop yield will help ease imports
8 months, 2 weeks ago

Increasing crop yield will help ease imports

China Daily  

China's grain yield will grow at an annual pace of 1.1 percent over the coming decade as hunger rises worldwide, enabling the world's largest food importer to buy significantly less from overseas, according to a report released on Saturday. The country's annual crop output is projected to reach 704 million metric tons this year and top 766 million tons by …

China's food yield to grow 1.1% annually over the coming decade
8 months, 2 weeks ago

China's food yield to grow 1.1% annually over the coming decade

China Daily  

The nation's food yield will grow at an annual pace of 1.1 percent over the coming decade as hunger has risen worldwide, lowering the world's largest food importer's demand for overseas food products, said a report on Saturday. Chinese annual food output is projected to reach 704 metric tons this year and top 766 million tons by 2033 thanks to …

Demand from China drives US' soybean trade
11 months, 2 weeks ago

Demand from China drives US' soybean trade

China Daily  

A combine unloads soybeans onto a trailer during harvest on Oct 10 at a farm in Illinois, the United States. China is likely to import 30 million metric tons of soybeans from the United States in the latter's 2024 marketing year, matching the amount imported in the previous marketing year, the US Soybean Export Council predicted on Tuesday. Zhang Xiaoping, …

Xi Jinping’s food security drive could end up backfiring for Chinese farmers
1 year, 8 months ago

Xi Jinping’s food security drive could end up backfiring for Chinese farmers

Live Mint  

After more than 30 years growing crops on the plains of northern China, a farmer who asked to be identified as Zhang is struggling over what to plant in the coming months. “Food security’s gotten more important,” said Darin Friedrichs, co-founder and market research director of Sitonia Consulting, a China-based agricultural information service provider. But now the concerns are extending …

US-China trade war cost up to 245,000 jobs: Study
3 years, 11 months ago

US-China trade war cost up to 245,000 jobs: Study

Al Jazeera  

The United States-China trade war was launched by Trump on the premise of shielding US jobs, but a study published on Thursday found it actually cost the US up to 245,000 jobs. United States President Donald Trump’s trade war with China has caused a peak loss of 245,000 US jobs, but a gradual scaling back of tariffs on both sides …

Trump promised to win the trade war with China. He failed
4 years, 2 months ago

Trump promised to win the trade war with China. He failed

CNN  

Hong Kong CNN Business — US President Donald Trump started a trade war with China to fix what he’s repeatedly blasted as an unfair relationship between the world’s two largest economies. Trump vowed to cut the US trade deficit, but instead it’s reached historic highs.He wanted China to buy more American products, but that hasn’t happened as much as Washington …

China’s buying soybeans again. That could help Trump
4 years, 2 months ago

China’s buying soybeans again. That could help Trump

CNN  

Washington CNN — Dave Walton’s Iowa farm was struggling a year ago as President Donald Trump’s trade war with China took a bite out of soybean exports. Another round of Covid-related aid payments that Trump announced in September helped send farmer sentiment up to its highest level since the pandemic began, according to the Purdue University-CME Group Ag Economy Barometer. …

China's soybean imports will keep increasing
4 years, 4 months ago

China's soybean imports will keep increasing

China Daily  

China's soybean imports will continue to rise in the coming months as the impact of the COVID-19 pandemic on trade is limited, and the purchases of soybeans from the United States will be ramped up, the Ministry of Agriculture and Rural Affairs said on Aug 26. On the contrary, the spread of the novel coronavirus and low oil prices have …

US, China reaffirm commitment to Phase 1 trade deal in phone call
4 years, 4 months ago

US, China reaffirm commitment to Phase 1 trade deal in phone call

Live Mint  

Top US and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday. The pledge was made in a telephone call between US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu …

Trump and Biden on trade: Same diagnosis, different prescription
4 years, 4 months ago

Trump and Biden on trade: Same diagnosis, different prescription

LA Times  

International trade was never much of an issue in presidential campaigns until Donald Trump. In 2016, he made trade a key plank in his economic nationalism platform, denouncing America’s biggest free trade pacts and promising a whole new way of doing business with the rest of the world. President Trump At the core of Trump’s trade policy has been his …

Trump administration ‘satisfied’ with China purchases: Adviser
4 years, 4 months ago

Trump administration ‘satisfied’ with China purchases: Adviser

Al Jazeera  

China has increased purchases of commodities as part of its phase one trade deal, Trump adviser says ahead of review. White House economic adviser Larry Kudlow says the administration of United States President Donald Trump is satisfied with China’s progress in meeting commitments to purchase US goods in a phase one trade deal, signalling that the pact will survive an …

Trump’s Rallies Confirm Bolton’s China Story
55 years ago

Trump’s Rallies Confirm Bolton’s China Story

Slate  

John Bolton, President Donald Trump’s former national security adviser, has just added a new chapter to the stockpile of evidence that Trump betrayed the United States. In that conversation, he recalls, Trump offered to reduce U.S. tariffs on China in exchange for “increases in Chinese farm-product purchases, to help with the crucial farm-state vote.” Then, in June 2019, according to …

China halts some US farm imports, threatening trade deal
4 years, 7 months ago

China halts some US farm imports, threatening trade deal

Live Mint  

Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the US over Hong Kong, according to people familiar with the situation. Trump’s threats Trump said the US would begin the process of stripping some of Hong Kong’s privileged trade status, without detailing …

US-China trade war is the last thing the world economy needs now
4 years, 7 months ago

US-China trade war is the last thing the world economy needs now

CNN  

Hong Kong CNN Business — Mutual blame over the coronavirus pandemic has reignited tensions between the United States and China, threatening to break what was already a fragile truce on trade between the world’s biggest economies. “The threat of higher tariffs and the intensifying technology cold war could yet disrupt technology trade and investment, de-powering what still promises to be …

Trump rules out renegotiating trade deal with China says not interested
4 years, 7 months ago

Trump rules out renegotiating trade deal with China says not interested

India TV News  

US President Donald Trump has ruled out renegotiation on the trade deal signed with China saying he's not interested in that while addressing reporters at the White House. Trump was asked by the reporters on reports that China wanted to resume discussions on the trade deal that was signed between the two nations earlier this year. President Trump said, "not …

Will know in a week or so if China will adhere to trade deal, says Donald Trump; US weighing options to shift supply chains from Beijing
4 years, 8 months ago

Will know in a week or so if China will adhere to trade deal, says Donald Trump; US weighing options to shift supply chains from Beijing

Firstpost  

US President Donald Trump said on Wednesday he would be able to report in about a week or two whether China is fulfilling its obligations under a Phase 1 trade deal the two countries signed in January before the coronavirus spread globally. Washington: US President Donald Trump said on Wednesday he would be able to report in about a week …

Trump strikes friendly tone on China with trade in mind, as his top officials point fingers over pandemic
4 years, 9 months ago

Trump strikes friendly tone on China with trade in mind, as his top officials point fingers over pandemic

CNN  

CNN — As coronavirus cases in the US surge, President Donald Trump isn’t focused just on those statistics, administration officials say, but is The President gets regular briefings on agriculture sales to China and monitors those figures almost as closely as his White House pandemic team tracks statistics on the coronavirus, whichhad surpassed more than 121,000 cases and more than …

Election-Year Trump Says He's Ready To Float Farmers On Another River Of Taxpayer Cash
4 years, 10 months ago

Election-Year Trump Says He's Ready To Float Farmers On Another River Of Taxpayer Cash

Huff Post  

LOADING ERROR LOADING President Donald Trump tweeted Friday that he’s prepared to fork over still more massive taxpayer subsidies to help farmers get through the trade wars he concocted. IF OUR FORMALLY TARGETED FARMERS NEED ADDITIONAL AID UNTIL SUCH TIME AS THE TRADE DEALS WITH CHINA, MEXICO, CANADA AND OTHERS FULLY KICK IN, THAT AID WILL BE PROVIDED BY THE …

India offers U.S. dairy, chicken access in bid for elusive trade deal with Trump
4 years, 10 months ago

India offers U.S. dairy, chicken access in bid for elusive trade deal with Trump

The Hindu  

India has offered to partially open up its poultry and dairy markets in a bid for a limited trade deal during U.S. President Donald Trump's first official visit to the country this month, people familiar with the protracted talks say. In 2019, Trump suspended India's special trade designation that dated back to 1970s, after Modi put price caps on medical …

Trump thanks farmers for backing him through China trade war
4 years, 11 months ago

Trump thanks farmers for backing him through China trade war

Associated Press  

AUSTIN, Texas — President Donald Trump thanked farmers Sunday for supporting him through a trade war with China as he promoted a new North American trade agreement and a separate one with China that he said will massively benefit farmers. At one point during his address to the American Farm Bureau Federation’s convention, Trump said he has strong support among …

US deal with China is a victory for Trump, but more still needs to be done (opinion)
4 years, 11 months ago

US deal with China is a victory for Trump, but more still needs to be done (opinion)

CNN  

Editor’s Note: James D. Schultz is a CNN legal commentator and chair of the Government and Regulatory practice at Philadelphia-based law firm Cozen O’Connor. That changed when President Trump took office, and his consistently tough stance led to a “phase one” trade deal between the United States and China last week. In addition to easing tensions between the two nations, …

U.S.-China Trade Deal Implications
4 years, 11 months ago

U.S.-China Trade Deal Implications

NPR  

U.S.-China Trade Deal Implications MICHEL MARTIN, HOST: We're going to spend some time now talking about the trade deal President Trump signed with China earlier this week. The Phase 1 deal is a partial cease-fire in the long trade war between the world's two largest economies. LOVELY: Oh, there's been no doubt that the trade war has impacted farmers. The …

Trump inked a deal with China. California is still sorting out the implications
4 years, 11 months ago

Trump inked a deal with China. California is still sorting out the implications

LA Times  

The list of Chinese goods Trump imposed tariffs on since launching a trade war two years ago seems like it runs forever: catfish, bird eggs, natural sponges, pearl onions, mushrooms, chestnuts, copper springs, tungsten wire, thermometer parts. “What is likely to happen administratively is that waivers will be granted in cases where the Chinese decide to import U.S. products that …

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
4 years, 11 months ago

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

CNN  

Hong Kong CNN Business — China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their “phase one” trade deal. The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. “We think it is highly challenging for China …

Emphasis on US exports, trade secrets in China trade deal
4 years, 11 months ago

Emphasis on US exports, trade secrets in China trade deal

Associated Press  

WASHINGTON — The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets. Chinese leader Xi Jinping said in a letter to Trump that the first-phase deal was “good for China, for the …

Trade deal: US eases sanctions, China to buy more US exports
4 years, 11 months ago

Trade deal: US eases sanctions, China to buy more US exports

Associated Press  

The United States and China signed an initial trade pact Wednesday, easing tensions between the world’s two largest economies. U.S. EXPORTS: China agreed to increase purchases of U.S. services and manufactured, energy and farm products by $200 billion this year and next. It includes provisions designed to stop Chinese government officials from using administrative and regulatory procedures to ferret out …

Trump Signs First Phase Of China Trade Agreement
4 years, 11 months ago

Trump Signs First Phase Of China Trade Agreement

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Donald Trump signed a trade agreement Wednesday with China that is expected to boost exports from U.S. farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers. Chinese leader Xi Jinping, in a letter to Trump that was read by Beijing’s chief negotiator Liu He, said concluding …

What Trump really gets from his China deal
4 years, 11 months ago

What Trump really gets from his China deal

CNN  

Editor’s Note: This analysis was excerpted from the January 15 edition of CNN’s Meanwhile in America, the daily email about US politics for global readers. He’ll pump it as one of history’s great breakthroughs — but in true Trumpian style, the trade pact the President is expected to sign today with China has more flash than substance. But China didn’t …

China trade deal: What it means for US farmers
4 years, 11 months ago

China trade deal: What it means for US farmers

CNN  

Washington CNN — China promised to buy billions of dollars more in agricultural products from US farmers as part of a “phase one” trade deal signed Wednesday – but the commitments don’t go much further than making up for what was lost during the trade war. American Farm Bureau President Zippy Duvall called the agreement an “important step” to getting …

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