EU officials play down expectations for high-level summit with China
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
15 minutes ago
- Straits Times
Several US executives to visit China this week: Sources
Find out what's new on ST website and app. A high-level delegation of American executives will travel to China this week to meet senior Chinese officials. BEIJING - A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the US-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on July 28. The visit coincides with the latest round of US-China trade negotiations in Sweden , where China's Vice-Premier He Lifeng is meeting US officials from July 27 to July 30 for a new round of economic and trade talks. The delegation will be led by FedEx Chief Executive Rajesh Subramaniam, the council's board chair, one of the sources briefed on the trip said. The South China Morning Post first reported the visit on July 27, saying that executives from firms including Boeing would be part of the delegation. Reuters could not confirm other CEO members of the delegation or which Chinese officials they would meet. Boeing declined to comment on the trip and deferred to USCBC. The US government was not involved in the organisation of the visit, one of the sources said. The trip comes as Beijing and Washington work towards a summit between the two countries' leaders later in 2025, probably around the time of the Apec forum in South Korea October 26 - November 1, sources previously told Reuters. USCBC did not respond immediately to a request for comment. The business lobby previously organised similar visits to China by American CEO delegations in 2023 and 2024. The 2024 trip, also led by Mr Subramaniam, included meetings with Mr He and Foreign Minister Wang Yi, where executives discussed issues including market access. China faces an August 12 deadline to reach a durable deal with the White House or risk higher US tariffs. US officials are likely to extend the deadline by another 90 days as both sides work towards a more comprehensive deal, sources previously told Reuters. An extension of that length would prevent further escalation and help create conditions for the potential meeting between Mr Trump and Chinese President Xi Jinping. REUTERS
CNA
an hour ago
- CNA
CNA938 Rewind - EU-US tariff deal: Is 15% the lesser evil?
CNA938 Rewind - EU-US tariff deal: Is 15% the lesser evil? The EU and US have reached a preliminary 15% tariff deal, ending the months-long standoff just before the August 1st deadline. Though it is lower than the 30% that the US had previously threatened, to what extent is this trade deal beneficial for both sides? On a side note, the EU-China summit in Beijing was truncated to a one-day event after China's President Xi Jinping declined to travel to Brussels. Was it still significant despite the absence of a formal joint communique and the lack of deliverables? Andrea Heng and Susan Ng find out from Alex Capri, Senior Lecturer, NUS Business School.
Straits Times
an hour ago
- Straits Times
Trump pauses export controls to bolster China trade deal, FT says
Find out what's new on ST website and app. The industry and security bureau of the Commerce Department, which oversees export controls, has been told to avoid tough moves on China. WASHINGTON - The US has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump's efforts to secure a meeting with President Xi Jinping in 2025, the Financial Times said on July 28. The industry and security bureau of the Commerce Department, which oversees export controls, has been told in recent months to avoid tough moves on China, the newspaper said, citing current and former officials. Reuters could not immediately verify the report. The White House and the department did not respond to Reuters' requests for comment outside business hours. Top US and Chinese economic officials are set to resume talks in Stockholm on July 28 to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies. Tech giant Nvidia said in July it would resume sales of its H20 graphics processing units (GPU) to China, reversing an export curb the Trump administration imposed in April to keep advanced AI chips out of Chinese hands over national security concerns. The planned resumption was part of US negotiations on rare earths and magnets, Commerce Secretary Howard Lutnick has said. Top stories Swipe. Select. Stay informed. Singapore Tanjong Katong sinkhole backfilled; road to be repaved after LTA tests Singapore MRT platform screen doors at 15 underground stations to undergo renewal Singapore 'Medium risk' of severe haze as higher agricultural prices drive deforestation: S'pore researchers Singapore Jail for former pre-school teacher who tripped toddler repeatedly, causing child to bleed from nose Singapore Police statements by doctor in fake vaccine case involving Iris Koh allowed in court: Judge Singapore Authorities say access to Changi intertidal areas unaffected by reclamation, in response to petition Singapore No change to SIA flights between S'pore and Cambodia, S'pore and Thailand, amid border dispute Singapore Not feasible for S'pore to avoid net‑zero; all options to cut energy emissions on table: Tan See Leng The paper said 20 security experts and former officials, including former deputy US national security adviser Matt Pottinger, will write on July 28 to Mr Lutnick to voice concern, however. 'This move represents a strategic misstep that endangers the United States' economic and military edge in artificial intelligence,' they write in the letter, it added. REUTERS
