China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China's cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer.
U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers.
Huawei Technologies Co Ltd’s chief financial officer faces U.S. accusations that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition.
Chinese officials have said they are confident in implementing trade commitments made to the US as soon as possible, without giving details. An ongoing trade war has seen both countries impose duties on billions of dollars of one another's goods.
Chinese President Xi Jinping Monday explained relations between his country and Panama have ”gotten off to a strong start in just a year-and-a-half” after the establishment of diplomatic ties in June 2017.
China's president on Sunday signed new trade deals with Argentina as the Asian giant expands its growing role in Latin American economies. Presidents Mauricio Macri of Argentina and Xi Jinping of China announced the more than 30 agriculture and investment deals during a state visit following the Group of 20 summit of leaders in Buenos Aires.
Presidents Mauricio Macri of Argentina and Xi Jinping of China Sunday met in a post-G20 encounter at the former's residence in the outskirts of Buenos Aires to further develop the relations between their two countries.
US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. The two men met in Buenos Aires after the G20 summit for their first talks since a trade war erupted this year.
Argentina and China are aiming to close a deal within days for the construction of the country's fourth nuclear power plant, a multi-billion dollar project that would cement Beijing’s deepening influence in a key regional U.S. ally.
Chinese President Xi Jinping on Tuesday left Beijing to visit Spain, Argentina, Panama and Portugal, and to attend the G20 summit. President Xi will pay state visits to the four countries from November 27 to December 5. During his trip to Argentina, Xi will attend the G20 summit from November 30 to December 1 in Buenos Aires.