Latest News, Updates & Breaking Headlines
Xi Jinping and Donald Trump (File photo) US President Donald Trump’s request to postpone his planned summit in Beijing with Chinese leader Xi Jinping has cast a shadow over bilateral engagement that had remained stable since their last meeting in October, though analysts believe the delay is unlikely to trigger a major rupture in ties,…
The US has quietly funneled $3.4 trillion into a “militarised rivalry” with China from 2012 to 2024 — eclipsing the $2.3 trillion spent during two decades of war in Afghanistan — without a single shot fired in direct combat. This isn’t wartime spending; it’s peacetime paranoia, averaging $260 billion yearly. U.S. Spent $3.4T to Counter…
China has pushed its holdings of US government debt down to their lowest level in nearly two decades, underscoring a steady recalibration of its foreign exchange reserves away from dollar assets and towards gold and overseas investments amid strained ties with Washington, PTI reported.Data released by the US Department of the Treasury shows that China’s…
US President Donald Trump’s favorite economic weapon is back on the table, but this time it’s pointed in an unexpected direction: Iran.Tl;DR: Driving the news Trump has thrown a fresh wildcard into global trade by threatening to impose 25% tariffs on any country that continues to do business with Iran – a move that could…
File photo: US President Donald Trump and Chinese President Xi Jinping (Picture credit: PTI) China has purchased at least 10 cargoes of US soybeans, worth around $300 million, in contracts signed since Tuesday, sources quoted by news agency Reuters claimed. The deals come a day after US President Donald Trump spoke with his Chinese counterpart…
Chinese leader Xi Jinping and US President Donald Trump discussed bilateral cooperation and the issue of Taiwan in a phone call on Monday, according to China’s state news agency Xinhua. Xi said the two countries should “maintain momentum in ties” following their meeting last month in South Korea, and “stressed that Taiwan’s return to China…
The United States is hoping to finalise its rare earths agreement with China by Thanksgiving, US Treasury Secretary Scott Bessent said on Sunday, signalling momentum in the negotiations launched after Presidents Donald Trump and Xi Jinping met in South Korea last month, AFP reported.The tentative deal reached in late October includes a one-year suspension of…
Bangladesh companies sign deal to buy USD 1 billion soybeans from US China’s ports are brimming with soybeans after months of record imports, dimming hopes for US exporters even as Trump and Xi reached a new trade understanding including fresh purchase commitments from Beijing.Massive reserves, weak processing margins and cheaper South American supplies have combined…
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
The United States and China have begun rolling back trade actions, after the Busan meeting ended with “a great success.”Beijing recently suspended the export ban on ‘dual use’ materials while US reduced the fentanyl related duties from 20% to 10%.China also suspended the ‘special port fees’ on US vessels. The transport ministry announced that from…
