-
Xi set to meet Canadian, Japanese leaders after Trump trade truce
China’s Xi Jinping will take centre stage at an annual gathering of Pacific Rim leaders in South Korea on Friday, expected to hold talks with Canadian, Japanese and Thai counterparts after securing a fragile trade truce with US President Donald Trump. That agreement, struck just before Trump left South Korea, skipping the main two-day Asia-Pacific Economic Cooperation summit, will suspend further curbs on China’s exports of rare earths that threatened to jam up global supply chains. Bolstering supply chains is a key focus of this year’s APEC talks, hosted in the historic town of Gyeongju. The 21-member economic ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
*TRUMP: WILL NOT START RENEGOTIATIONS WITH CANADA *TRUMP: NO STRIKES ON VENEZUELA Trump On China: Would Love To Get Rid Of Extra 10% - AF1 TRUMP SAYS DEAL WITH CHINA IS GOING TO BE LOST LASTING *TRUMP: CARNEY APOLOGIZED FOR TARIFF COMMERCIAL
Three-digit tariffs are off the table, but import duties on each other are higher than in January. Rare earth materials will flow more smoothly, but China has put in place an export permitting regime that it can tighten or loosen as needed. Port fees will go away, but only for one year. And Beijing is again buying U.S. soybeans after it had abruptly cut off ...