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Nvidia's CEO Jensen Huang announced that the company will face significant revenue losses due to new U.S. export restrictions on its H20 AI chips sold to China. The restrictions, expected to cost Nvidia $5.5 billion, come amid rising competition from Chinese firms like Huawei, which are developing their own AI chips. Huang's recent visit to China aimed to reassure local partners amid these challenges.
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Taiwan's President Lai Ching-te will not attend Pope Francis's funeral, sending former Vice President Chen Chien-jen instead. This decision comes amid ongoing diplomatic negotiations with the Vatican, highlighting Taiwan's limited international recognition and the complexities of its relationship with China.
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On May 12, 2025, the US and China announced a temporary trade agreement, reducing tariffs significantly. The US will lower tariffs on Chinese goods from 145% to 30%, while China will cut its tariffs on US imports from 125% to 10%. This deal aims to stabilize economic relations and set the stage for future negotiations.
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Asian stocks remained stable as investors await US-China trade negotiations. The S&P 500 halted a two-day decline, buoyed by potential easing of tariffs. President Trump expressed reluctance to lower tariffs preemptively, complicating negotiations ahead of talks this weekend.
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China has announced new economic policies aimed at stabilizing its economy and boosting domestic consumption. Additionally, a new gold vault operated by Bank of China is set to enhance commodity trading, reflecting China's growing influence in global markets. These developments come amid ongoing trade tensions with the U.S.
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U.S. Treasury Secretary Bessent will meet with China's lead economic representative on Thursday, marking the first confirmed trade discussions since the imposition of tariffs by the Trump administration. The talks aim to address trade tensions and explore de-escalation strategies.
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China's exports increased by 8.1% in April, surpassing expectations despite a significant drop in sales to the US due to tariffs. The upcoming trade talks between US and Chinese officials may influence future trade dynamics as both nations navigate the ongoing trade war.
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US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with Chinese officials this weekend in Switzerland to discuss ongoing trade tensions. The talks come amid high tariffs imposed by both nations, with conflicting claims about who initiated the discussions.
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Senior officials from the US and China met in Geneva on May 10, 2025, to discuss escalating trade tensions. The talks aim to de-escalate a trade war that has seen tariffs rise significantly, impacting global markets. US Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng are leading the discussions.
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President Trump has announced a new trade agreement with the UK, reducing tariffs on British cars while maintaining a 10% baseline tariff. The deal includes exemptions for certain products but raises questions about its overall impact and future trade relations, particularly with China.
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After two days of negotiations in Geneva, the US and China announced a trade agreement aimed at reducing tariffs imposed during the ongoing trade war. Both sides expressed optimism about the outcome, which includes a mechanism for future discussions and a temporary suspension of additional tariffs.
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On May 12, 2025, a temporary trade agreement between the US and China led to a significant reduction in tariffs for 90 days, boosting stock markets and alleviating recession fears. However, concerns remain about the long-term implications of these tariffs and the unresolved issues in trade negotiations.
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On May 14, 2025, China's Vice Premier He Lifeng led a delegation in Geneva for trade discussions with U.S. officials, including Treasury Secretary Scott Bessent. Despite concerns over his international experience, He brought a capable team to negotiate key issues.
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As of May 19, 2025, China's industrial production is slowing due to high tariffs imposed by the U.S. and retaliatory duties from Beijing. Retail sales growth has fallen short of expectations, and deflationary pressures are affecting consumer spending. The economic recovery remains uncertain amid ongoing trade tensions.
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On May 12, 2025, the US and China reached a temporary agreement to reduce tariffs on each other's goods for 90 days. The US will lower tariffs on Chinese imports from 145% to 30%, while China will cut its tariffs on US goods from 125% to 10%. This truce aims to ease escalating trade tensions.
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On June 9, 2025, high-level trade talks between the US and China are set to take place in London, following a phone call between President Trump and President Xi Jinping. The discussions aim to address ongoing trade disputes, particularly regarding tariffs and export controls, amidst rising tensions and accusations of violations from both sides.
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As of June 11, 2025, China has begun issuing some rare earth export licenses, potentially easing supply chain issues for U.S. automakers. This follows a phone call between President Trump and President Xi Jinping, where trade differences were discussed. The licenses are part of China's ongoing export control strategy amid rising tensions with the U.S.
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As of June 15, 2025, US-China trade tensions have intensified, with both nations imposing significant tariffs on each other's goods. Recent negotiations in Geneva and London have seen some tariffs rolled back, but new measures, including export controls and retaliatory tariffs, have emerged, complicating the trade landscape.
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After two days of negotiations in London, US and Chinese officials have agreed on a framework to advance trade discussions, addressing tariffs and critical mineral exports. The deal awaits approval from Presidents Trump and Xi Jinping, aiming to restore trade relations following recent tensions over tariffs and export restrictions.
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On June 12, 2025, President Trump announced a new trade agreement with China following two days of negotiations in London. The deal includes increased tariffs on Chinese imports and access to rare earth elements for the US, pending approval from both leaders. However, the deal's specifics remain unclear, raising concerns about its longevity.
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In ongoing trade negotiations, the U.S. and China have reached a preliminary agreement regarding rare earth exports, crucial for high-tech industries. President Trump announced a framework for cooperation, while China has temporarily issued export licenses to key U.S. automakers. This development highlights China's dominance in the rare earth market amid ongoing tensions.
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US and Chinese officials are meeting in London to discuss trade issues following a temporary truce on tariffs. The talks aim to address ongoing disputes over technology and rare earth exports, which have escalated tensions between the two nations. Both sides are seeking to build on a preliminary agreement reached in Geneva last month.
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Chinese fighter-bombers approached Japanese surveillance aircraft within 30 to 70 meters over the East China Sea on July 10-11, prompting protests from Japan. Beijing defended the actions as lawful and professional, citing Japanese surveillance activities as provocations. Tensions persist amid ongoing regional security concerns.