"Super Chill" Trump Announces Monday Huddle with China on Tariffs
China-US customs negotiations set for Monday, per Trump's declaration
Let's dive into the latest on the trade tension shenanigans between the US and China! After a juicy chat with China's Prez Xi, Trump's aiming for a resolution in the tariff beef with Beijing. A powwow's set for Monday, and guess who's hyping it up? Yup, ol' Don himself, who tweeted, "This meeting's gonna be lit!"
In the ongoing tariff dance with China, our beloved POTUS, Donald Trump, has announced a face-off between the two countries in London next week. The US Treasury Sec, Scott Bessent, Commerce Sec, Howard Lutnick, and Trade Rep, Jamieson Greer, will meet a Chinese crew in the heart of Blighty on Monday. Trump tidbit: the meeting's gonna be "freakin' legendary."
Trump initiated a convo with China's Prez Xi Jinping for the first time in his second term last Thursday. The US Prez later spilled the tea on Twitter, saying the chat lasted about an hour and a half and ended on a positive note for both nations. Trade delay delegates from both sides will soon get together for a chat.
The tiff between Washington and Beijing's been intense. The US Prez slapped up to 145% tariffs on China in early April. In response, China retaliated with custom duties. By mid-May, the two nations agreed to drastically decrease tariffs for an initial 90-day period to smoothen negotiation pathways.
Politics 101
Oh, and there's talk in DC that the folks who supply nuclear equipment to Chinese power plants have been ordered to stop such exports. Seems like the US Commerce Dept asked 'em to halt any nuclear equipment deals for now, and leaks suggest deals worth hundreds of millions are on hold.
Meanwhile, some key players aren't talking, including the US Commerce Dept, which didn't return a request for comment. But last week, a spokesperson said they were thinking about cracking down on exports of crucial goods to China. So watch this space!
In the past couple of weeks, the US has introduced heaps of barriers for exports to China, insiders claim. This latest move adds another layer to the tariff tumult, and let's be real, it complicates supply chains and hikes costs for exporters.
So, there you have it — tariff talks, nuclear exports,London face-off... it's a summer blockbuster with all the drama, intrigue, and suspense! Stay tuned!
Sources: ntv.de, mau/AFP/rts
- Tariffs
- China
- USA
- Donald Trump
- Xi Jinping
- Nuclear Power Plants
- The upcoming meeting in London between the US and Chinese trade representatives, including Treasury Sec Scott Bessent, Commerce Sec Howard Lutnick, Trade Rep Jamieson Greer, and their Chinese counterparts, is part of the ongoing employment policy discussions between the two countries, as they strive to find a resolution in the tariff dispute.
- Despite the ongoing trade tension between the US and China, there have been recent developments in the finance sector, with reports suggesting that the US Commerce Department has ordered a halt on nuclear equipment exports to Chinese power plants, which could have significant implications for the general-news landscape.
