U.S.-China Trade Talks – Live Laugh Love Do http://livelaughlovedo.com A Super Fun Site Wed, 03 Dec 2025 19:12:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 Greer says U.S.-China talks ‘about halfway there’ on rare earths http://livelaughlovedo.com/greer-says-u-s-china-talks-about-halfway-there-on-rare-earths/ http://livelaughlovedo.com/greer-says-u-s-china-talks-about-halfway-there-on-rare-earths/#respond Mon, 04 Aug 2025 08:25:16 +0000 http://livelaughlovedo.com/2025/08/04/greer-says-u-s-china-talks-about-halfway-there-on-rare-earths/ [ad_1]

U.S. Trade Representative Jamieson Greer sounded a cautiously optimistic note on discussions with China on rare earth flows, following trade talks that further steadied ties between the economies.

Greer said the key industrial components were a focus of negotiations in Stockholm last week that Beijing said led to an extension of their tariff truce. Without going into detail, he said the U.S. secured commitments about their supply on CBS’s Face the Nation aired Sunday.

“We’re focused on making sure that magnets from China to the United States and the adjacent supply chain can flow as freely as it did before the control,” Greer said in the interview, which was taped Friday. “And I would say we’re about halfway there.”

That assessment came some four months after China imposed export controls on rare earth magnets—used in products from home appliances to missiles—in retaliation for U.S. tariff threats. Beijing has agreed to speed up their shipments after Washington suspended sky-high levies on Chinese exports. 

U.S. President Donald Trump is set to make the final call on maintaining the tariff truce, which expires Aug. 12, Greer said.

“We’re working on some technical issues, and we’re talking to the president about it,” he said.

Flows of rare earth magnets from China to the U.S. rose to 353 tons in June, up from just 46 tons in May, according to the latest customs data. Total shipments were still substantially lower than before Beijing launched export controls in early April. 

Greer earlier said Trump’s trade team hopes to be done discussing magnets with China, after he and Treasury Secretary Scott Bessent wrapped up a third round of trade talks with Beijing in the Swedish capital end of July. If the U.S. can get over the magnets issue, it can move to a further discussion of the U.S.-China relationship, he added.

The discussions have helped stabilize relations between the world’s two largest economies, although many frictions remain, including over the U.S.’ curbs on exporting advanced AI chips to its main competitor.

Beijing authorities on Thursday summoned Nvidia Corp. to discuss alleged security vulnerabilities related to its H20 chips. The Trump administration only recently pledged to drop export restrictions on the less-advanced technology to China, in a reversal that spurred talk of a potential broader deal with Beijing.

The Cyberspace Administration of China cited comments by U.S. lawmakers about the need to install tracking capabilities into advanced chips sold to other countries. The agency asked staff at the world’s most valuable company to explain potential risks and provide documents as needed, the CAC said without elaborating.

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]]> http://livelaughlovedo.com/greer-says-u-s-china-talks-about-halfway-there-on-rare-earths/feed/ 0 Wall Street weighs likelihood of Trump’s latest tariff http://livelaughlovedo.com/dow-futures-dip-as-wall-street-weighs-likelihood-of-trumps-latest-tariff-threat-while-u-s-eyes-call-to-resolve-china-trade-snag/ http://livelaughlovedo.com/dow-futures-dip-as-wall-street-weighs-likelihood-of-trumps-latest-tariff-threat-while-u-s-eyes-call-to-resolve-china-trade-snag/#respond Mon, 02 Jun 2025 02:38:58 +0000 http://livelaughlovedo.com/2025/06/02/dow-futures-dip-as-wall-street-weighs-likelihood-of-trumps-latest-tariff-threat-while-u-s-eyes-call-to-resolve-china-trade-snag/ [ad_1]

  • The so-called TACO trade will be tested as market respond to President Donald Trump’s announcement on Friday night that he will double steel tariffs to 50%. Meanwhile, administration officials sounded upbeat that the Trump and President Xi Jinping could sort out snags in U.S.-China trade talks.

Stocks pointed slightly lower Sunday night after President Donald Trump reignited trade war fears by doubling down on steel tariffs on Friday.

The so-called TACO trade will be tested as markets wait to see if Trump will actually follow through with his latest threat or if he will put it on hold soon.

Futures for the Dow Jones Industrial Average dropped 89 points, or 0.21%. S&P 500 futures slipped 0.23%, while Nasdaq futures fell 0.31%.

The yield on the 10-year Treasury was essentially flat at to 4.442%. The dollar fell 0.21% against the euro and 0.31% against the yen.

Gold rallied 0.63% to $3,309.50 per ounce. U.S. oil prices climbed 2.1% to $62.08 per barrel despite OPEC+ agreeing to another surge in supply.

On Friday night, Trump said he will hike steel tariffs to 50% from 25%, prompting a retaliation threat from the European Union over the weekend.

The steel duty announcement came days after a U.S. trade court rule that the legal basis for Trump’s reciprocal tariffs was invalid. But his tariffs on certain industries, including steel, aluminum and autos, rests on a separate order that’s based on national security.

Meanwhile, administration officials sounded upbeat that the Trump and President Xi Jinping could sort out snags in U.S.-China trade talks.

That’s after Trump claimed Beijing had violated an agreement reached in Geneva, Switzerland, last month, when both sides slashed their respective tariffs from prohibitively high levels. China also agreed to reopen access to rare earths, but the U.S. said it was slow-rolling compliance with the pact.

On Sunday, Treasury Secretary Scott Bessent sought to de-escalate the rhetoric, telling CBS’s Face the Nation that the two heads of state could ease logjam.

“I’m confident that when President Trump and Party Chairman Xi have a call that this will be ironed out,” he said.

When asked about a timeline for a call, Bessent replied, “I believe we will see something very soon.”

Meanwhile, markets are headed for a big week of economic data and commentary as Wall Street waits for more clues on how much tariffs are impacting the economy.

On Monday, the Institute for Supply Management’s manufacturing index will come out. On Tuesday, the Labor Department will issue its job openings and labor turnover report. On Wednesday, ADP publishes its private-payrolls data. On Thursday, the Labor Department will release weekly jobless claims, ahead of its monthly jobs report on Friday.

Several Federal Reserve officials will speak throughout the week. On Monday, Chairman Jerome Powell will speak at 1 p.m. ET at a Fed conference in Washington, D.C. The Fed will also publish its beige book on Wednesday.

This story was originally featured on Fortune.com

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