US, China Agree To Extend Tariff Truce
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The Taiwanese government has called off a plan for its president to transit through the United States on his way to Latin America, The Associated Press has learned — a decision leading to conflicting accounts of the reason for the cancellation.
Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a clear path forward to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies.
Delegations from the United States and China will meet Monday in Stockholm, Sweden to keep the current trade truce alive and possibly negotiate a permanent deal.
China has proposed a global action plan to govern artificial intelligence, just days after the United States unveiled its own plan to promote US dominance of the rapidly growing field that’s become a key bargaining chip in trade talks between the economic powerhouses.
President Trump is facing growing pushback on multiple fronts over his administration’s decision to allow Nvidia to sell its H20 chips to China, a move that critics argue could give Beijing a leg
The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.
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World Politics Review on MSNWhen Crisis Hits, China Keeps Leaving Its Partners High and DryIn crisis after crisis, China has avoided taking concrete action, suggesting Beijing isn't interested in bearing the costs of global leadership. The post When Crisis Hits, China Keeps Leaving Its Partners High and Dry appeared first on World Politics Review.