China will buy 'at least' $17bn worth of US agricultural goods annually, the White House says.
China and the United States have agreed to establish trade and investment councils, committing in principle to match each other’s tariff cuts on a reciprocal basis. “The two sides will use the Trade Council as a forum to discuss issues such as tariff reductions on specific products,” China’s Ministry of Commerce said in a statement on Saturday, without providing further details. The world’s two largest economies also made progress on agricultural trade and aircraft, the statement added. The two...
Trump and Xi's summit comes at a crucial moment for the global economy, as the war on Iran continues to disrupt trade.
The United States announced on Tuesday that it would send a delegation to the second Asia-Pacific Economic Cooperation (Apec) 2026 Senior Officials’ Meeting (SOM2) and related meetings in China this month, just hours after US President Donald Trump departed for Beijing ahead of a high-stakes summit with Chinese counterpart Xi Jinping. The US delegation will head to Shanghai and Suzhou from May 11 to 24 to “continue advancing ‘America first’ foreign, trade, and investment policies,” according to...
Spanish Prime Minister Pedro Sanchez’s diplomatic balancing act during his visit to China last month marked a sharp contrast with a European Union grappling with geopolitical upheaval and economic stagnation. Sanchez pushed for closer ties with Beijing while raising concerns over a persistent bilateral trade deficit and the Ukraine war, an approach that analysts said could serve as a diplomatic template for Brussels amid its fraying relationship with Washington. According to Wang Hanyi, a...