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China Strikes Cautious Tone After Trump Claims Trade Deal Is 'Done'
- Representatives from the United States and China gathered in London this week and agreed on a preliminary trade framework between the world’s two largest economies.
- The talks, following a May agreement in Geneva and a June 5 call between Presidents Trump and Xi, focused on easing export restrictions amid escalating tensions over rare earth minerals and technology.
- China controls about 90% of global rare earth production and approved some export licenses, while the U.S. expanded export controls targeting advanced chips and technologies.
- Secretary of Commerce Howard Lutnick described the talks as "really, really well" and said they will begin implementing the agreement through further phone discussions.
- Despite progress and new trade understandings, experts and industry officials warn disruptions and uncertainties remain significant in supply chains and final approvals.
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American protectionism hands China the future
Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Deal with China is not yet done Scott Foster analyzes the latest developments in US-China trade talks, highlighting Donald Trump’s exaggerated claims of victory despite an unfinished deal. While a tentative framework was reached in […] The post American protectionism hands China the future appeared first on Asia Times.
·Hong Kong
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Xi Plays Long Game on US-China Trade as Trump Seeks Quick Wins
While Donald Trump hailed the outcome of trade talks in London, Xi Jinping walked away with an understated strategic gain: a negotiating process that buys China time and helps defuse the threat of more harmful tariffs and technology curbs.
·United States
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Total News Sources31
Leaning Left6Leaning Right0Center6Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
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C 50%
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