EU, China
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China's reliance on exports for economic growth will be a key topic in U.S.-China trade talks this coming week in Stockholm. U.S.
President Trump says a China trade deal is taking shape ahead of next week's talks in Sweden. Asia Society Policy Institute vice president Wendy Cutler and Yahoo Finance Washington Correspondent Ben Werschkul discuss what the US may be pushing for and how upcoming tariff deadlines could shift.
The hope, and the expectation, is that when U.S. officials meet their Chinese counterparts in Stockholm to talk economics and trade next week, they will build on a recent lessening of tensions as the U.S. tries to set up a fall meeting between the countries’ leaders and lay the groundwork for another loosely defined trade pact.
Yet analysts say the Chinese leader is likely holding out for concrete deliverables before agreeing to the high-profile meeting. Trump dramatically escalated the trade war with the world's second-largest economy in April, rolling out sweeping new tariffs that prompted China to respond with its own export duties and other measures.
China’s imports of three major energy products from the US hit almost zero in June — a potentially sensitive shift as Beijing and Washington resume talks to resolve their differences on trade.
The opioid that kills tens of thousands of Americans every year has become a source of political leverage that Beijing won’t easily give up.
This week, the junta strengthened ties with Beijing, pushed to reclaim China trade route, sought foreign help for electricity crisis, showered Shan troops with promotions, and hailed Aung San Suu Kyi’s father ahead of sham election.
Trump administration has slapped additional 30 per cent tariffs on China since the trade war began. Read more at straitstimes.com. Read more at straitstimes.com.