BEIJING: Chinese President Xi Jinping said Thursday that China&rsquo;s development could go &ldquo;hand-in-hand&rdquo; with US President Donald Trump&rsquo;s &ldquo;make America great again&rdquo; agenda, as both leaders met in Beijing for talks covering trade,&nbsp;<a href="https://www.pakistantv.com/article/usisrael-war-on-iran-day-76" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Iran</a>&nbsp;and broader global issues. &ldquo;Achieving the great rejuvenation of the Chinese nation and making America great again can totally go hand in hand, help each other succeed, and advance the well-being of the whole world,&rdquo; Xi said at a banquet after the talks. US President Donald Trump said discussions with Xi were &ldquo;extremely positive and productive&rdquo; during remarks at the Great Hall of the People. &ldquo;We had extremely positive and productive conversations and meetings today with the Chinese delegation earlier,&rdquo; Trump said, calling the banquet &ldquo;another cherished opportunity to discuss among friends.&rdquo; Trump also said he had extended an invitation for Xi and his wife Peng Liyuan to visit the White House on September 24. &ldquo;It is my honor to extend an invitation to you, Madam Peng, to visit us at the White House this September 24, and we look forward to it,&rdquo; he said. The White House said both leaders agreed that the&nbsp;<a href="https://www.pakistantv.com/article/oil-soars-as-trump-rejects-irans-terms" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Strait of Hormuz</a>&nbsp;&ldquo;must remain open&rdquo; to ensure the uninterrupted flow of global energy supplies. Trump said the two countries would have &ldquo;a fantastic future together,&rdquo; while Xi said China and the United States &ldquo;should be partners and not rivals.&rdquo; Xi was received with a formal red-carpet welcome at the Great Hall of the People, including military honors, a gun salute and schoolchildren chanting &ldquo;Welcome!&rdquo; The visit marks the first by a US president to China in nearly a decade, taking place amid continuing tensions over trade, technology and global security. Xi said stable ties between the two countries are important for the world, adding: &ldquo;Cooperation benefits both sides, while confrontation harms both.&rdquo; He also told visiting US business executives that China would continue to expand its openness to international companies. &ldquo;China&rsquo;s doors to the outside world will open wider and wider... American companies will enjoy even brighter prospects in China,&rdquo; he said, according to Chinese state media. Among US business leaders accompanying Trump were Nvidia CEO Jensen Huang and Tesla CEO Elon Musk. Musk described the meetings as &ldquo;wonderful,&rdquo; while Huang said the two leaders &ldquo;were incredible.&rdquo; Iran was a key issue in the discussions after tensions in the Middle East delayed Trump&rsquo;s visit earlier this year. Trump said he expected a &ldquo;long talk&rdquo; with Xi on Iran, which exports most of its sanctioned oil to China, but added: &ldquo;I don&rsquo;t think we need any help with Iran&rdquo; from Beijing. US Secretary of State Marco Rubio said Washington hoped China would take &ldquo;a more active role&rdquo; in the Persian Gulf region. <a href="https://www.pakistantv.com/article/chinese-us-delegations-meet-for-trade-talks-in-paris-state-media" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Trade and tariffs</a>&nbsp;also featured prominently, with Trump seeking agreements on agriculture, aircraft and other sectors. Before the visit, Trump said he would push for greater Chinese market access for US companies. Both sides were also expected to discuss extending a one-year&nbsp;<a href="https://www.pakistantv.com/article/china-urges-us-to-cancel-unilateral-tariffs-after-supreme-court-ruling" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">tariff</a>&nbsp;truce agreed in South Korea last October after tariffs between the two countries rose above 100%. China&rsquo;s restrictions on rare-earth exports and growing competition in artificial intelligence were also part of the agenda. Trump was also scheduled to visit Beijing&rsquo;s historic Temple of Heaven as both governments sought to manage a tense but economically significant relationship.

A man films a news program about the meeting between US President Donald Trump and China’s President Xi Jinping, on a giant screen outside a shopping mall in Beijing on May 14, 2026. (AFP)

Americas

China

Talks between the Chinese and US presidents in Beijing focused on trade and Iran, with both sides expressing optimism about future cooperation and stability in bilateral relations.

Xi says China progress compatible with making America great again

BEIJING: Senior Chinese and US officials will hold talks in South Korea in the coming days, Beijing&#39;s commerce ministry and Washington&#39;s treasury secretary said Sunday, ahead of an expected summit between leaders Xi Jinping and Donald Trump. The Chinese commerce ministry said in a statement that Vice Premier He Lifeng, Beijing&#39;s top economic official, will attend &quot;consultations on mutual economic and trade issues&quot; in South Korea on Tuesday and Wednesday. US Treasury Secretary Scott Bessent said in a post on X: &quot;On Wednesday, I will stop in Seoul for a discussion with Vice Premier He Lifeng of China, before continuing on to Beijing for the Leaders&#39; Summit between President Trump and President Xi.&quot; Trump is set to visit China for a high-stakes summit with Xi, with the leaders of the world&#39;s top two economies expected to focus on easing tensions over trade and Taiwan, with the war in the Middle East looming in the background. While Washington and Beijing slapped tit-for-tat tariffs on each other&#39;s exports a year ago, Trump and Xi agreed on a year-long trade truce at their October meeting in South Korea. He and Bessent have been the chief negotiators for China and the United States on all trade and economic issues. The talks are likely to put the finishing touches on any announcements to be made during the <a href="https://www.pakistantv.com/article/trumpxi-summit-to-focus-on-iran-tariffs-and-rare-earths" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Trump-Xi summit</a>. Bessent said he would have prior talks in Tokyo on Tuesday with Japanese Prime Minister <a href="https://www.pakistantv.com/article/japan-pm-says-oil-crisis-has-enormous-impact-in-asiapacific" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Sanae Takaichi</a> and Finance Minister Satsuki Katayama, along with other public and private sector representatives. &quot;Economic security is national security, and I look forward to a productive series of engagements as we work to advance President Trump&#39;s America First Economic Agenda,&quot; Bessent said.

US President Donald Trump (L) and China's President Xi Jinping greet each other as they arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025. (AFP)

Business

Senior Chinese and US officials will hold trade talks in South Korea ahead of an expected summit between President Donald Trump and Chinese President Xi Jinping in Beijing.

China, US to hold trade talks in Seoul ahead of Trump-Xi summit

BEIJING: China said Saturday it will exempt some Nexperia chips from an export ban that has alarmed European businesses, days after trade talks between the leaders of the world&#39;s two largest economies. Anxiety over chip shortages began when Dutch officials invoked a Cold War-era law in late September to effectively take control of Nexperia, whose parent company Wingtech is backed by the Chinese government. China in response banned any re-exports of Nexperia chips to Europe and accused the United States of meddling in Dutch legal procedures to remove Nexperia&#39;s Chinese CEO. &quot;We will comprehensively consider the actual situation of enterprises and grant exemptions to exports that meet the criteria,&quot; a Chinese commerce ministry spokesperson said in a statement. The resumption of some Nexperia shipments was part of a trade deal agreed by Chinese President Xi Jinping and his American counterpart Donald Trump after talks in South Korea on Thursday, the Wall Street Journal reported citing unnamed sources. Chinese and European Union officials were also to discuss Nexperia while meeting in Brussels the same day, EU spokesman Olof Gill had said. Nexperia produces relatively simple technologies such as diodes, voltage regulators and transistors that are nonetheless crucial, as vehicles increasingly rely on electronics. The chips are mainly found in cars but also in a wide range of industrial components as well as consumer and mobile electronics like refrigerators. The company makes them in Europe before sending them to China for finishing and then re-exporting them back to European clients. Automaker anxiety&nbsp;European carmakers and parts suppliers had warned of chip shortages supplied by Nexperia that would force stoppages at production lines in Europe. The chipmaker supplies 49 percent of the electronic components used in the European automotive industry, according to German financial daily Handelsblatt. The European auto lobby ACEA warned last month that production would be seriously hit. &quot;Without these chips, European automotive suppliers cannot build the parts and components needed to supply vehicle manufacturers and this therefore threatens production stoppages,&quot; the group said. Nexperia&#39;s chips, while widely used, are not &quot;unique&quot; in terms of technology and therefore &quot;easily substitutable&quot;, French parts maker OPmobility said. But suppliers must get the new products approved by automakers, which takes time. Beijing suggested on Saturday some shipments would resume. Companies who were experiencing difficulties could contact the ministry or local commerce authorities, the Chinese ministry spokesperson said.

China announced it will allow limited exemptions to its export ban on Nexperia chips, easing tensions with Europe amid fears of automotive supply disruptions and following trade talks between Xi Jinping and Donald Trump.

China to exempt some Nexperia orders from export ban

TOKYO: US President Donald Trump heads on Wednesday for South Korea, where a key meeting with Chinese leader Xi Jinping could produce a truce in the blistering trade war between the world&#39;s two largest economies. Trump&#39;s two-day visit to key US ally South Korea is the third leg of a trip to Asia that has seen him lauded at a regional summit in Malaysia and flattered as a &quot;peacemaker&quot; by Japan&#39;s Prime Minister Sanae Takaichi. But the eyes of the world will be on a meeting set for Thursday &mdash; the first time in six years Trump sits down with Xi. It could determine whether the United States and China can halt a trade war that has roiled global markets and sent international supply chains into panic. Negotiators from Beijing and Washington have both confirmed a &quot;framework&quot; has been agreed. It is now down to Trump and Xi, who will meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the city of Gyeongju, to sign off on it. &quot;There seems to be a mismatch in terms of where both countries are, heading into the Trump-Xi summit,&quot; said William Yang, an analyst at the International Crisis Group. The United States &quot;is eager to reach any trade deal that Trump could declare as a victory,&quot; while China is focused on &quot;building more mutual trust, managing longstanding differences, and steadying the bilateral trade relationship,&quot; he added. &#39;Complicated&#39;Trump is due to land in the South Korean city of Busan, fresh from two days in Tokyo, where Japan&#39;s new conservative premier Takaichi hailed a &quot;golden age&quot; in bilateral ties. The US president will head to Gyeongju for a summit with South Korean President Lee Jae Myung &mdash; their second in-person talks just two months after a meeting in Washington. Discussion will likely be focused on trade, with the two sides still deadlocked over a deal between the major economic partners. In July, Trump said Washington had agreed to cut tariffs on South Korean imports to 15% in exchange for a $350 billion investment pledge by Seoul. Steep auto tariffs, however, remain in place, and the two governments remain divided over the structure of the investment pledge. US Treasury Secretary Scott Bessent admitted on Monday there was still &quot;a lot of details to work out&quot; in what he said was a &quot;complicated&quot; deal, while Trump has denied that there was a &quot;snag&quot; in the talks. Activists plan to welcome the US leader, whose sweeping tariffs triggered the trade war, with anti-Trump demonstrations in Gyeongju condemning his &quot;predatory investment demands.&quot; DMZ meeting? Adding to the diplomatic high drama, Trump has also extended an invitation to North Korean leader Kim Jong Un to meet while he is on the peninsula. The two leaders last met in 2019 at the Demilitarized Zone (DMZ), the fraught Cold War frontier that has separated the two Koreas for decades. Trump has said that he would &quot;love to meet&quot; Kim and even suggested sanctions could be a topic for conversation. But North Korea is yet to respond publicly to the invitation. Officials in Seoul appear divided as to whether it will go ahead. Kim said last month he had &quot;fond memories&quot; of his meetings with Trump. He also expressed openness to talks if the United States dropped its &quot;delusional&quot; demand that Pyongyang give up its nuclear weapons. &quot;Trump&#39;s made it clear he wants to meet,&quot; Chad O&#39;Carroll, founder of the specialist website NK News, told AFP. &quot;The ball is in Kim Jong Un&#39;s court.&quot; But the US leader now faces a different Kim than in 2019 &mdash; one emboldened since their diplomatic love affair during Trump&#39;s first term, having secured crucial backing from Russia after sending thousands of North Korean troops to fight alongside Moscow&#39;s forces. &quot;North Korea has time on its side and isn&#39;t as isolated as before,&quot; said Hong Min, a senior analyst at the Korea Institute for National Unification. &quot;A surprise event to show personal rapport is possible, but a negotiation with tangible results &mdash; like denuclearization talks &mdash; will not happen,&quot; he told AFP.

First time in six years, Trump sits down with Xi; can determine whether US and China halt trade war that has roiled global markets, sent international supply chains into panic.

Trump heads to South Korea with all eyes on Xi meeting

WASHINGTON: US President Donald Trump leaves on Friday for Asia and high-stakes talks with Chinese leader Xi Jinping &mdash; as Washington played down speculation that he could meet North Korea&#39;s Kim Jong Un. Trump is set to meet Xi in South Korea on the last day of his trip, aiming for a &quot;deal on everything&quot; to end a bitter trade war between the world&#39;s two biggest economies. The 79-year-old will also visit Malaysia and Japan on his first Asian trip since he returned to the White House in January in a blaze of tariffs and geopolitical deal-making. A senior US official said on Friday that Trump would &quot;deliver for the American people in one of the most economically vibrant regions of the world, signing a series of economic agreements.&quot; Talk about a possible meeting with Kim while Trump is in South Korea for a regional summit mounted after Seoul&#39;s reunification minister said there was a &quot;considerable&quot; chance. But the US official said it was &quot;not on the schedule,&quot; despite both leaders having said they would like to rekindle the unlikely relationship they fostered during Trump&#39;s first term. Peace and trade deals His first stop will be Malaysia, where he arrives on Sunday, for the Association of Southeast Asian Nations (ASEAN) summit &mdash; a meeting Trump skipped several times in his first term. Trump is set to ink a trade deal with Malaysia, but more importantly he will oversee the signing of a peace accord between Thailand and Cambodia, as he continues his quest for a Nobel Peace Prize. Brazilian President Luiz Inacio Lula da Silva may also meet Trump on the sidelines of the summit to improve ties after months of bad blood, officials from both countries told AFP. Trump&#39;s next stop will be Tokyo, where he arrives on Monday. He will meet conservative Sanae Takaichi, named this week as Japan&#39;s first woman prime minister, on Tuesday. Japan has escaped the worst of the tariffs Trump slapped on countries around the world to end what he calls unfair trade balances that are &quot;ripping off the United States.&quot; Trump and Xi But the highlight of the trip is expected to be South Korea, with Trump due to land in the southern port city of Busan on Wednesday ahead of the Asia-Pacific Economic Cooperation (APEC) summit. Trump will meet South Korean President Lee Jae Myung, address an APEC lunch with business leaders and meet US tech bosses for dinner, on the sidelines of the APEC summit in the city of Gyeongju. On Thursday, Trump will meet Xi for the first time since his return to office. Global markets will be watching closely to see if the two men can halt the trade war sparked by Trump&#39;s sweeping tariffs earlier this year, especially after a recent dispute over Beijing&#39;s rare earth curbs. Trump initially threatened to cancel the meeting and imposed fresh tariffs over the critical minerals row, before saying he would go ahead after all. &quot;The president is most interested in discussing the trade and economic relationship,&quot; another senior US official said. Trump himself said on Thursday that the first topic on the agenda would be fentanyl, as he boosts pressure on Beijing to curb drug trafficking and cracks down on Latin American drug cartels. Trump&#39;s former advisor Steve Bannon told Politico the Xi talks were a risky move by the US leader given the huge implications if the talks collapse, calling it a &quot;throw of the iron dice.&quot; But analysts warned not to expect any breakthroughs. &quot;The meeting will be a data point along an existing continuum rather than an inflection point in the relationship,&quot; said Ryan Hass, a senior fellow at the Brookings Institution.

Trump is set to ink a trade deal with Malaysia, but more importantly he will oversee the signing of a peace accord between Thailand and Cambodia, as he continues his quest for a Nobel Peace Prize.

Trump heads for Asia and Xi talks, as Kim speculation swirls

Web Desk

ISLAMABAD: US President Donald Trump has urged China to resume purchases of American soybeans and stop the flow of fentanyl into the United States, warning that he would not make a trade deal unless Beijing complied, Reuters reported.&nbsp;Speaking to reporters, Trump said, &ldquo;One of the things I want is China to buy soybeans. I want China to stop with the fentanyl &mdash; very normal things. I don&rsquo;t want them to play the rare earth game with us.&quot;&nbsp;Asked whether he believed China would agree, Trump replied, &ldquo;I do believe, yeah, because otherwise I&#39;m not going to make a deal. Our farmers have been boycotted by China as a negotiating point. I want them to start buying soybeans at least in the amount they were buying before.&quot;&nbsp;Trump also claimed China was paying record tariffs, adding that he was open to lowering them only if Beijing &ldquo;does things for us too.&rdquo;&nbsp;The remarks came amid heightened US-China trade tensions after Beijing expanded export rules on rare earth materials &mdash; a move analysts say mirrors long-standing American trade controls.&nbsp;According to an Associated Press report, China&rsquo;s new export restrictions require foreign firms to seek approval from Beijing to sell products containing even small amounts of Chinese-origin rare earth materials or technology. This effectively gives China influence over the global supply chain of smartphones, electric vehicles, and advanced weapons systems.&nbsp;Analysts say Beijing&rsquo;s strategy borrows directly from US trade playbooks. &ldquo;China is learning from the best,&rdquo; said Neil Thomas of the Asia Society Policy Institute. &ldquo;Beijing is copying Washington&rsquo;s playbook because it saw firsthand how effectively US export controls could constrain its own development.&rdquo;&nbsp;The move follows a series of tit-for-tat measures since Trump relaunched his trade war earlier this year. Beijing has since blacklisted several US firms, tightened export controls on critical minerals, and imposed matching tariffs &mdash; including a 125% &ldquo;Liberation Day&rdquo; tariff in April.&nbsp;Experts warn the spiral could deepen global economic uncertainty. Jeremy Daum of Yale Law School told AP that while both governments now share a &ldquo;holistic view of national security,&rdquo; their reciprocal measures risk turning into a &ldquo;race to the bottom where nobody wins.

Says he wants China to buy soybeans and does not want them to play the rare earth game with us.

Trump presses China on soybeans, fentanyl amid escalating rare earth tensions

Reuters

WASHINGTON: US Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to forestall an escalation of US tariffs on Chinese goods that President Donald Trump said was unsustainable.&nbsp;Bessent announced this during a White House cabinet meeting and later confirmed plans for a meeting after a call with He on Friday evening. Bessent said on X that the two officials &quot;engaged in frank and detailed discussions regarding trade between the United States and China.&quot;&nbsp;&quot;We will meet in person next week to continue our discussions,&quot; Bessent wrote.<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1979362198461006087&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=15568bb486c9b1c028da1e7de612ec7d28743b2f&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 345px; display: block; flex-grow: 1;"></iframe></div></div>China state news agency Xinhua reported that He and Bessent had &quot;candid, in-depth, and constructive discussions on major issues in bilateral economic and trade relations&quot; in a video call and agreed to a new round of trade talks as soon as possible.&nbsp;The two officials previously met in four European cities over six months to hammer out a tariff truce that brought duties down from triple-digit levels for each country. That agreement expires on November 10.&nbsp;A meeting in Malaysia would shift the venue to a Southeast Asian exporter that trades heavily with both China and the US and whose goods are now subject to a 19% duty imposed by Trump. Malaysia also faces a threatened 100% US tariff on its semiconductors and derivative electronics devices under a national security trade review.&nbsp;Trump earlier on Friday blamed Beijing for the latest impasse, a dispute over China&#39;s sweeping new export restrictions on rare-earth minerals and magnets. He has threatened an additional 100% tariff on Chinese imports starting on November 1 unless Beijing scraps the restrictions.&nbsp;Asked whether such a high tariff was sustainable and what that might do to the US economy, Trump replied: &quot;It&#39;s not sustainable, but that&#39;s what the number is.&quot;&nbsp;&quot;They forced me to do that,&quot; he said in an interview with Fox Business Network that was broadcast on Friday.&nbsp;Trump also has threatened to impose new US export controls that would halt supplies of &quot;any and all critical software.&quot;&nbsp;The new trade actions were Trump&#39;s reaction to China dramatically expanding its export controls on rare-earth elements. China dominates the market for such elements, which are essential to tech manufacturing.&nbsp;Bessent and US Trade Representative Jamieson Greer on Wednesday blasted the restrictions as a threat to global supply chains.&nbsp;Trump also confirmed he would meet with Chinese President Xi Jinping in two weeks in South Korea and expressed admiration for the Chinese leader.&nbsp;&quot;I think we&#39;re going to be fine with China, but we have to have a fair deal. It&#39;s got to be fair,&quot; Trump said on FBN&#39;s &quot;Mornings with Maria,&quot; which was taped on Thursday.&nbsp;Later, as he was preparing to have lunch at the White House with Ukrainian President Volodymyr Zelenskiy to discuss efforts to end its war with Russia, Trump said: &quot;China wants to talk, and we like talking to China.&quot;&nbsp;The softening in tone and affirmation of his intent to meet with Xi helped stem Wall Street&#39;s early losses on Friday. Major US stock indexes, which have been rattled over the last week by Trump&#39;s abrupt re-imposition of steep levies on Chinese imports and by credit worries among regional banks, were up in afternoon trading.&nbsp;WTO urges de-escalation of trade spatsThe head of the World Trade Organization urged the US and China to de-escalate trade tensions, warning that a decoupling by the world&#39;s two largest economies could reduce global economic output by 7% over the longer term.&nbsp;WTO Director-General Ngozi Okonjo-Iweala told Reuters in an interview the global trade body was extremely concerned about the latest spike in US-China trade tensions and had spoken with officials from both countries to encourage more dialogue.&nbsp;But tensions continued to run high, even as Trump and Xi prepared to meet.&nbsp;Bessent took aim at China&#39;s state-driven economic practices in a statement to the IMF&#39;s steering committee on Friday, urging the IMF and World Bank to take a tougher stance on China&#39;s external and internal imbalances and industrial policies that US officials say have helped China build up excess manufacturing capacity that is flooding the world with cheap goods.&nbsp;And China&#39;s Commerce Ministry on Friday accused the US of undermining the rules-based multilateral trading system since the Trump administration took office in 2025, vowing to intensify its use of dispute settlement actions at the WTO.&nbsp;It also urged the US to roll back measures that breach non-discrimination rules and align its industrial and security policies with WTO obligations.&nbsp;Bessent earlier in the week had accused one of He&#39;s top aides of being &quot;unhinged&quot; in recent interactions with US trade negotiators. China said on Friday that Bessent&#39;s remarks &quot;seriously distort the facts.&quot;

Bessent says on X that the two officials "engaged in frank and detailed discussions regarding trade between the United States and China."

Bessent, Chinese vice premier to meet to try to defuse US tariff hike

HONG KONG: China&#39;s exports to the United States fell 27% in September from the year before, even though growth in its global exports hit a six-month high.&nbsp;Customs figures released Monday showed that China&rsquo;s worldwide exports were 8.3% higher than a year earlier, at $328.5 billion, surpassing economists&rsquo; estimates. That was markedly better than the 4.4% year-on-year increase in August.&nbsp;Imports grew 7.4% last month, significantly better than a 1.3% increase by year in August, although a weaker domestic economy and a real estate sector downturn continue to weigh on demand and consumption.&nbsp;China&rsquo;s exports to the United States have fallen for six straight months. In August they dropped 33%.&nbsp;The outlook is cloudy as a truce between Beijing and Washington unravels and both sides hit out with new tariffs and other retaliatory measures.&nbsp;As exports to the United States have come under pressure from US President Donald Trump&#39;s policies aimed at trying to get manufacturers to shift factories to America, China has expanded markets for its products in other regions.&nbsp;Shipments to Southeast Asia grew 15.6% year-on-year in September. Exports to Latin America and Africa were up 15% and 56%, respectively.&nbsp;&ldquo;China&rsquo;s exports continue to show resilience given the low costs and limited choices for replacement globally despite the higher tariffs,&rdquo; said Gary Ng, a senior economist at Natixis.&nbsp;Tensions with the US reignited Friday after Trump threatened an additional 100% tariff on Chinese goods and export controls on &ldquo;critical&rdquo; software.&nbsp;That came after China announced it would hit American ships with new port fees in response to a US plan to impose port fees on Chinese vessels docking in the country. Beijing also extended export controls on lithium-ion batteries and on exports of rare earths and related technologies.&nbsp;The friction could jeopardize plans for a meeting between Trump and Chinese President Xi Jinping in late October. It also suggests a lack of progress in efforts to forge a broad trade agreement between the world&#39;s two biggest economies.

China's exports to the US sink nearly 30% in September as trade truce unravels with new threats of higher tariffs.

China's US exports drop 30% as tariff tensions rise

BEIJING: China called President Donald Trump&#39;s latest US tariffs on Chinese goods hypocritical on Sunday and defended its curbs on exports of rare earths, but stopped short of imposing new levies on US products.&nbsp;The commerce ministry said in a statement its export controls on rare-earth elements - which Trump on Friday called &quot;surprising&quot; and &quot;very hostile&quot; - followed a series of US measures since bilateral trade talks in Madrid last month.&nbsp;Beijing cited the addition of Chinese companies to a US trade blacklist and Washington&#39;s imposition of port fees on Chinese vessels as examples.&nbsp;&quot;These actions have severely harmed China&#39;s interests and undermined the atmosphere for bilateral economic and trade talks. China firmly opposes them,&quot; the ministry said.&nbsp;Beijing stopped short of explicitly linking these US actions to its curbs on exports of critical minerals, stating that its curbs were motivated by concerns about the military applications of these metals at a time of &quot;frequent military conflict.&quot; Tensions flare againA few months ago, Beijing and Washington agreed on an uneasy truce in their tit-for-tat trade war that started earlier this year and threw bilateral trade into serious jeopardy.&nbsp;But tensions have boiled up again in recent days.&nbsp;China said on Friday that it would impose &quot;special port fees&quot; on ships operated by and built in the US, calling it a &quot;defensive action.&quot;&nbsp;It aimed at the US&#39;s own port fees charged on Chinese ships, claiming they &quot;severely harmed China&#39;s interests.&quot;&nbsp;Washington announced those fees in April as part of an effort to revive American shipbuilding after a decades-long decline that has seen China and other Asian nations come to dominate the industry.

The commerce ministry says its export controls on rare-earth elements - which Trump on Friday called "surprising" and "very hostile" - follow a series of US measures since bilateral trade talks in Madrid last month.

Beijing blames US for raising trade tensions, defends rare earth curbs

BEIJING: The leader of a US congressional delegation to China warned Tuesday of the &quot;risk of a misunderstanding&quot; between the two countries&#39; militaries as advances in defense technology move at breakneck speed.&nbsp;Adam Smith, the most senior Democrat on Washington&#39;s Armed Services Committee, told journalists in Beijing that China needs to talk more about its military with other global powers &quot;for basic de-confliction.&quot;&nbsp;&quot;We&#39;ve seen this with our ships, our planes, their ships, their planes coming entirely too close to one another,&quot; he said at a news conference at the US Embassy.&nbsp;&quot;We need to have a better conversation about de-conflicting those things.&quot;&nbsp;The four-person delegation also includes other members of the same Armed Services Committee -- Democrats Ro Khanna and Chrissy Houlahan -- as well as Republican congressman Michael Baumgartner, a member of the Foreign Affairs Committee.&nbsp;The group on Monday met Chinese Defence Minister Dong Jun, with whom they talked about the importance of &quot;working through our differences&quot; and more candid dialogue, according to a statement from the US side.&nbsp;Dong called on the visitors to &quot;remove disruptive and restrictive factors&quot; between them, China&#39;s Xinhua state news agency reported.&nbsp;Speaking on Tuesday alongside the other lawmakers and the US Ambassador to China, David Perdue, Smith said: &quot;AI and drone warfare and cyber and space are moving so rapidly, and innovation is happening so quickly.&nbsp;&quot;The risk of a misunderstanding of capabilities on one side or the other is great,&quot; he said, adding the two sides need to talk so they &quot;don&#39;t stumble in any sort of conflicts.&quot;&nbsp;Tariffs and TikTokThe bipartisan congressional delegation comes just days after Presidents Xi Jinping and Donald Trump spoke by telephone for the second time since the return to the White House of Trump, who has tried to keep a lid on tensions despite his once virulent criticism of China.&nbsp;Trump said he would meet Xi on the sidelines of an Asia-Pacific Economic Cooperation summit in South Korea starting at the end of next month and that he would travel to China next year.&nbsp;He said Xi would also visit the United States at an unspecified time and that the two leaders would speak again by telephone.&nbsp;Both sides dramatically hiked tariffs against each other during a months-long dispute earlier this year, disrupting global supply chains.&nbsp;Washington and Beijing then reached a deal to reduce levies, with the United States imposing 30 percent duties on imports of Chinese goods and China hitting US products with a 10 percent tariff. The deal expires in November.&nbsp;Smith&#39;s group on Monday held talks with Chinese Vice Premier He Lifeng, in which they discussed the ongoing trade talks and the hot-button issues of fentanyl, critical minerals and the future of TikTok.&nbsp;The White House has said a US version of TikTok would feature a homegrown model of the app&#39;s prized algorithm, potentially clearing one of the main obstacles to keeping the Chinese-owned platform online in the United States.&nbsp;Asked about the TikTok issue, Smith said: &quot;My understanding is that I don&#39;t think that has been 100 percent resolved.&quot;&nbsp;The delegation will also meet China&#39;s National People&#39;s Congress Chairman Zhao Leji and Foreign Minister Wang Yi. Boeing dealAmong other things, the US delegation also sought a commitment from China to buy more Boeing jets.&nbsp;The leading global US aerospace company is in talks to sell as many as 500 jets to China, Bloomberg reported last month. That would represent a major breakthrough for the company in the world&#39;s second-largest aviation market, where orders have stalled amid US-China trade tensions.&nbsp;&quot;It&#39;s been a while since Boeing airplanes have been sold here in China. We&#39;d like to get that deal done,&quot; said Smith, who is leading the bipartisan delegation, when asked about the deal. &quot;It&#39;s a good company, good product, hope you get back to selling airplanes in China.&quot;&nbsp;Boeing is one of the largest US exporters and historically sent around a quarter of its planes to China, though it has not secured a major Chinese purchase since Trump&#39;s first term in office.&nbsp;Purdue said he had visited Boeing&#39;s plant in Tianjin last week, a city 150 km (95 miles) southeast of the Chinese capital.

US China relations, US China trade talks, US tarifss

Adam Smith, the most senior Democrat on Washington's Armed Services Committee, says that China needs to talk more about its military with other global powers "for basic de-confliction."

Articles tagged with "US China trade talks"