EU Trade Commissioner Šefčovič and Chinese Minister Wang Wentao agreed in Beijing on October 9 to limit hybrid car exports and ease rare earth licensing, pending EU leaders’ review.
Tag: trade
Posted inEconomy
Chinese State Buyers Place 260,000-Tonne US Soybean Order as Summit Goodwill Signal
Chinese state-owned enterprises placed orders for about 260,000 tonnes of US soybeans on September 21, a concrete trade gesture timed to signal goodwill ahead of the September 24 Xi-Trump summit in Washington.
Posted inGeopolitics
China’s Rare Earth Firms Halt US Shipments as Xi’s Washington Visit Approaches
Chinese rare earth suppliers have refused to ship yttrium, terbium, and gallium to US companies since early August, keeping prices near record highs and complicating diplomacy ahead of Xi Jinping’s September 24 Washington visit.
Posted inEconomy
Trump Pauses Canada’s 50% Tariffs for Three Days After Last-Minute Deal Claim
Trump paused 50% tariffs on Canadian goods Wednesday, citing an imminent deal less than 90 minutes before the scheduled 12:01 a.m. deadline.
Posted inEconomy
Germany’s China Trade Deficit Swells to €55 Billion as Exports Collapse
German exports to China fell 12% in the first half of 2026, pushing the bilateral trade deficit to €55 billion as Beijing deepens its domestic supply chains and cuts reliance on European goods.
Posted inGeopolitics
Beijing Calls Washington Over Trade Curbs as Xi’s September Visit Approaches
Chinese Vice-Premier He Lifeng raised “serious concern” over US trade restrictions in a July 30 call with Treasury Secretary Scott Bessent and USTR Jamieson Greer, as both sides try to stabilise relations before Xi Jinping’s expected September visit.
Posted inWorld
Brazil Blocks US Election Envoys as Lula-Trump Tensions Escalate
Brazil’s Foreign Ministry denied visas to two Trump administration officials planning to scrutinise the country’s October 4 presidential election, citing interference concerns amid an escalating tariff dispute.
Posted inEconomy
US Section 122 Blanket Tariff Expires Thursday as Section 301 Phase Begins
The 10% Section 122 blanket surcharge on US imports expires July 24, as the Trump administration prepares Section 301 replacements with no statutory time limit.
Posted inEconomy
Trump Levies 50% Tariffs on Canada Under a Trade Law Unused for Nearly a Century
Using a trade law last invoked in the 1930s, Trump on July 21 announced additional 50% tariffs on $20 billion of Canadian goods to take effect in 30 days.
Posted inEconomy
China June Exports Jump 27% as AI Hardware and Tariff Rush Drive Record Surplus
Overseas shipments rose to $412 billion in June, well above analyst forecasts, with semiconductor prices more than doubling year-on-year and electric-vehicle exports up 70%.