Latest news with #tradeTruce
Bloomberg
5 days ago
- Business
- Bloomberg
Xi and Trump Had Their Call. Ties Are Still Bedeviled by Tech
Hi, this is Philip Glamann in Beijing, which is buzzing after Presidents Donald Trump and Xi Jinping finally had that call. The chat means the fragile trade truce reached in Geneva lives another day, even though it's unclear what actual progress the two sides made.
BBC News
02-06-2025
- Business
- BBC News
World Business Report How is China going to hit back in the US trade war?
The heat seems to be back under those trade tensions between the US and China - we'll hear why Beijing has accused the US of 'seriously violating' the trade truce between the pair, and look at how it plans to respond in just a moment Also plans to boost internal trading and turbocharge the Canadian economy - that's on the agenda as the country's State leaders meet with the Central Government against perhaps the most difficult economic backdrop Canada has ever faced, in its own trade dispute with the US. And we'll hear how the city of Lagos hopes to persuade commuters out of their cars and onto the water... You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Yahoo
02-06-2025
- Business
- Yahoo
China accuses US of ‘seriously violating' trade truce and vows to respond
China has accused the US of 'seriously violating' a trade truce between the two powers and vowed to take strong measures to defend its Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NHK
01-06-2025
- Business
- NHK
China's factory activity below 50 for 2 straight months amid US trade tension
A key gauge of China's manufacturing activity has fallen below the boom-or-bust line for the second straight month. China and the United States agreed to temporarily reduce tit-for-tat levies in May, but uncertainties remain. The Purchasing Managers' Index for May came in at 49.5. That's up 0.5 points from the figure the previous month. The National Bureau of Statistics surveyed 3,200 manufacturers in compiling the index. Figures above 50 represent growth while those below indicate contraction. The gauge for large companies stood at 50.7, but midsize firms were at 47.5, and small enterprises at 49.3. The readings for non-manufacturers, such as service sector businesses, dropped 0.1 percentage points from the previous month to 50.3 in May. These figures follow a trade truce reached last month between China and the United States. Under the deal, both sides cut their additional tariffs by 115 percentage points, with part of the cut suspended for 90 days. It raises hopes of easing tension. But concerns remain that friction may return if their negotiations break down.
Bloomberg
30-05-2025
- Business
- Bloomberg
The Shaky Trade Truce Xi and Trump Reached Is Coming Undone
Hello, this is Colum Murphy in Beijing, where Trump's latest moves targeting China risk upending the fragile peace with the US that had broken out. The big question now is whether the trade truce negotiated in Geneva will unravel. Read our full story about it here.
