Thursday, September 17
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, the South China Morning Post (SCMP) reported on Sunday citing people familiar with the matter. More to come.
Senior U.S. and Chinese negotiators meet in Stockholm on Monday to tackle longstanding economic disputes at the centre of the countries' trade war, aiming to extend a truce keeping sharply higher tariffs at bay. China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached a preliminary deal in June to end weeks of escalating tit-for-tat tariffs. Without an agreement, global supply chains could face renewed turmoil from duties exceeding 100%. The Stockholm talks, led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, take place a day after European Commission President Ursula von der Leyen meets Trump at his golf course in Scotland to try to clinch a deal that would like
New Delhi: The comprehensive economic trade agreement (CETA) with the UK is a stepping stone and will serve as a "gold standard for more such pacts with other advanced economies, commerce and industry minister Piyush Goyal said on Saturday. He said negotiations with the US on the proposed trade agreement are progressing fast.Goyal said India has protected all sensitive sectors, including dairy, rice and sugar in the CETA. He said the agreement with the UK will help boost exports of abour intensive products such as footwear, textiles and gems and jewellery."We have protected all sensitive sectors of India...we have not opened (those areas) for the UK. Zero compromise and extensive benefits makes it a phenomenal free trade agreement (FTA)," Goyal said. The CETA was signed in London on Thursd
The European Union must open up its markets for U.S. exports in order to convince U.S. President Donald Trump to reduce a threatened 30% tariff rate due to kick in on August 1, U.S. Commerce Secretary Howard Lutnick said on Sunday, adding Brussels clearly wanted to make a deal. "The question is, do they offer President Trump a good enough deal that is worth it for him to step off of the 30% tariffs that he set," Lutnick told "Fox News Sunday," adding that Trump was looking to increase access for U.S. firms. He said the ultimate decision would be up to Trump, who has said there is a 50-50 chance a deal can be reached with the EU.
