Xi Jinping
Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future,” a person in the room told CNBC. “No one thinks the current status quo is sustainable” with tariff rates at their current levels, Bessent […]
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China vows retaliation against countries that follow U.S. calls to isolate Beijing
Key Points China has warned it will retaliate against countries that cooperate with the U.S. in ways that compromise Beijing’s interests, according to a statement from the Chinese Ministry of Commerce. The threat comes as U.S. President Donald Trump’s administration is reportedly planning to use tariff negotiations to pressure U.S. partners to limit their dealings […]
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CNBC’s The China Connection newsletter: The U.S. wants China to call. Why it won’t – for now
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest […]
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China’s Xi says ‘protectionism will lead nowhere’ as he starts Southeast Asia outreach amid tariff worries
Vietnam’s Prime Minister Nguyen Xuan Phuc, 4th right, and Chinese President Xi Jinping, left, attend the meeting at the Great Hall of People on April 25, 2019 in Beijing, China. Pool | Getty Images News | Getty Images Chinese President Xi Jinping said that there are no winners in a trade war and warned against […]
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Amazon Kuiper launches first satellites to take on SpaceX’s Starlink, capitalize on anti-Musk fervor
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters In a social media post last month, […]
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CNBC Daily Open: Stocks in reverse amid auto tariffs
Newly manufactured cars awaiting export are parked at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025. Issei Kato | Reuters When U.S. President Donald Trump won the 2024 presidential election in November last year, markets were in a relatively buoyant mood. Talk of deregulation and tax cuts drove consumer sentiment, while […]
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Trump says ‘there’ll be flexibility’ on reciprocal tariffs
U.S. President Donald Trump delivers remarks in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | Reuters President Donald Trump on Friday said there will be “flexibility” on his reciprocal tariff plan, even as he seemed to oppose the idea of making exceptions for the forthcoming duties. […]
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China’s Xi may visit US in not-too-distant future, Trump says
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images U.S. President Donald Trump on Monday suggested that Chinese President Xi Jinping may visit the United States “in the not-too-distant future” for talks as economic tensions escalate between the powers. Trump has slapped 20% levies on all imports from China since taking […]
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China reportedly targets around 5% GDP growth in 2025 amid trade war worries
An aerial view of a new city district in southern China’s Nanning city on Feb. 28, 2025. Nurphoto | Nurphoto | Getty Images China on Wednesday set its GDP growth target for 2025 at around 5% as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S. Beijing raised its budget deficit […]
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As Trump breaks ranks with Europe, are Asia-Pacific allies next?
With the U.S. now having a more hostile stance to NATO, what are the security implications for Asia? Zhangshuang | Moment | Getty Images Just over a month into the second term of Donald Trump’s presidency, U.S. foreign policy has been upended, especially in Europe. The U.S. has aimed tariffs at neighbors, lambasted traditional allies […]
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