China, U.S. Trade
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China's control over rare earth minerals, essential for modern technology, brought the US back to the negotiating table. Beijing strategically used export restrictions on these minerals, disrupting global industries from automotive to defense.
Cracker Barrel's gift shop business will take a $5 million hit next quarter thanks to Trump's tariffs on imports from China.
China and the United States have mapped out a framework to implement their previously reached consensus and bring bilateral trade ties to the right track after concluding two days of "candid and in-depth" talks in London, which analysts said would help de-escalate tensions between the world's two largest economies.
While MIC2025 was officially shelved from public discourse in 2018 due to intense international backlash, its core objectives quietly persisted and even intensified. Over the past decade, MIC2025 has entrenched state-led industrial policy as the central engine of China’s economic strategy, steering it further away from market-oriented reforms.
WASHINGTON (Reuters) -U.S. President Donald Trump on Friday accused China of violating a bilateral deal to roll back tariffs and announced a doubling of worldwide steel and aluminum tariffs to 50%, once again rattling international trade.
Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.
US President Donald Trump said Chinese leader Xi Jinping has agreed to restart the flow of crucial rare earth materials, after announcing a new round of US-China trade talks will be held in London on Monday.
Chinese firms will be blocked from EU tenders worth more than €5 million (US$5.2 million) for a five-year period in what marks the first use of the bloc’s international procurement instrument (IPI).
A person familiar with the matter reportedly said the administration is “under a lot of pressure” following China’s critical minerals blockade