Greer and Treasury Secretary Scott Bessent, however, also stressed that Washington did not want to escalate the conflict
China dominates the rare earths industry, accounting for about 70 per cent of global mining output and nearly 90 per cent of processing capacity.
America’s dependence on Chinese rare earths has surged, even as Japan shows how to diversify supply chains
From India to China, and from Europe to Brazil, governments are refusing to bow to Washington’s demands. Instead, they are adopting countermeasures.
The US chip giant has received fresh approval to resume deliveries of its H20 chip to China after Commerce Department reverses earlier export curbs.
China's exports of rare earth minerals -- used in a range of things including smartphones, electric vehicle batteries and green technology -- were a key issue on the agenda.
The outcome of the London talks could reverberate far beyond Washington and Beijing. Many developing economies, particularly in Southeast Asia and Africa, have benefited from US-China tensions as manufacturers look for alternative production hubs.
The conversation, described as "very good" by Trump, comes amid renewed efforts to stabilise one of the world’s most critical geopolitical relationships.
The phone call marks the first interaction between the two leaders since Trump announced the "Liberation Day" tariffs on April 2 this year.
India ranked as the eighth-largest exporter of steel, iron, and aluminium products to the US, with total exports valued at $4.2 billion heading to America, while Sri Lanka, Brazil, Thailand and Vietnam have a greater share direct exports.
Beijing accused the US of unilaterally introducing new discriminatory restrictions, including new guidelines on AI chip export controls
Trump on Thursday received temporary approval to continue collecting tariffs under emergency powers, just a day after a separate court ruled that he had exceeded his authority by imposing sweeping levies on foreign imports.
China’s share of global exports of permanent magnets made from metal rose from 49.6 percent in 2012 to 63.5 percent in 2024
The announcement sent financial markets soaring after weeks of turmoil over tariff fears, with major Wall Street indexes surging.
Both sides have sought to project confidence they hold the upper hand, yet the status quo carries major risks
The US should be prepared to revoke punitive tariffs placed on China, Commerce Ministry spokesman He Yadong said
The benchmark CSI 300 Index gained as much as 0.6% in early trading on Tuesday
Trump’s crackdown on low-cost imports and tax-free e-commerce deals has slammed small manufacturers in China’s garment hub.
Tesla CEO Elon Musk says he’ll “significantly” reduce his role in the Trump administration to focus more on Tesla—sending the stock up over 5.5% in after-hours trading. But the EV giant faces big challenges: declining U.S. sales, rising tariffs, and protests linked to Musk’s political involvement. Tesla beat low profitability expectations and reaffirmed its cheaper car plans for 2025, but paused China imports and is struggling against Chinese EV rivals. Here's a deep dive into Tesla’s wild earnings day, trade war fallout, and what’s next for Musk’s electric empire.
Wall Street rallied today as U.S. stocks bounced back with significant gains amid hopes of easing tariff tensions. Treasury Secretary Scott Bessent's optimistic remarks on trade with China boosted investor confidence, leading to a strong rebound across all major indexes. Despite the upbeat mood, concerns linger over the S&P 500's recovery to pre-pandemic highs. Stay updated with our recap as we discuss today's market movements, including Tesla's earnings report and notable stock performances like 3M's upbeat results and Northrop Grumman's profit decline.
Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal
Moneycontrol's discussions with industry experts revealed that the tariff war has indeed positioned India as a potential alternative to China, while also underscoring the need for a cautious stance regarding Beijing's recent diplomatic overtures.
China claims to have focused on improving the quality and value-added nature of its exports, upgrading its industrial base, and expanding into markets that are less politically aligned with the US.
A sartorial choice by White House Press Secretary Karoline Leavitt has become the latest flashpoint in the simmering US-China trade conflict.
China was the top exporter for both battery packs and electric vehicles in 2023, accounting for 26.1 percent and 31.8 percent share, respectively, nearly twice as much as the second largest exporter in both categories.