Asia, Trump and China
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China, Bessent
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South Korea, Donald Trump and U.S. President
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The recent surge in demonstrations by far-right groups presents a challenge for the South Korean government, as it prepares to host both Xi Jinping, the leader of China, and President Trump.
Treasury Secretary Scott Bessent said Sunday that the U.S. and China will likely avoid 100 percent American tariffs on Chinese good after negotiators settled on a plan for a possible trade
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U.S., China reach preliminary deal to ease trade tensions
The U.S. and China reached a preliminary agreement that would prevent a new round of steep tariffs and keep critical rare earth mineral supplies flowing to the U.S. from China.
Tensions with the U.S. have risen after Trump threatened new tariffs in response to Beijing's restrictions on rare earth exports.
The US and South Korea remain stuck on all the major details of a $350 billion investment pledge, President Lee Jae Myung said in an interview Friday, signaling the countries may fail to finalize a trade deal in time for a summit meeting with Donald Trump.
President Donald Trump faces one of the toughest challenges of his second term when he meets Chinese President Xi Jinping in South Korea on Thursday, where the world's two largest economies will seek to avert an escalation of their trade war.
The US and China have finalized a deal to transfer the American version of TikTok to new owners, Treasury Secretary Scott Bessent revealed on Sunday.