China

G20 meeting and more tariffs on China, deal with Mexico

 G20 meeting and more tariffs on China, deal with Mexico

Since two days of trade talks last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet Chinese President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting.

Rare Metals and US-China Trade War

Rare Metals and US-China Trade War

Rare earth minerals and elements are necessary components of tech and defense tools, including smartphones, LED lights, wind turbines and nuclear rods. And their critical role in modern manufacturing has turned them into the latest lightning rod in the trade war between China and the U.S.

How a Chinese venture in Venezuela made millions while locals grew hungry

How a Chinese venture in Venezuela made millions while locals grew hungry

(Reuters) Venezuela and China agreed to hundreds of projects to kickstart growth in the South American country. After billions in investments, however, little materialized. A $200 million rice plant illustrates the graft and incompetence that opponents say crippled development by Venezuela's leftist regime.

South America's Largest Solar Farm, Chinese Investment

South America's Largest Solar Farm, Chinese Investment

At a time when Trump is doubling down on fossil fuels and withdrawing the United States from global partnerships, Chinese President Xi Jinping’s sprawling “Belt and Road” initiative aims to put Chinese companies and innovation at the center of infrastructure development worldwide, including next-generation power sources.

The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla

The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla

BYD, the company which built the battery in the ’90s cellphone, now produces more Electric Vehicles than anyone—and it wants to sell them to you, soon.

U.S. farm country pins hopes on China trade deal

From Reuters.com

Corn and soybean farmer Lorenda Overman from North Carolina has been selling her crops at a loss and delaying paychecks to her workers since the U.S. trade war with China tanked agriculture prices, and her farm’s debt recently topped $2 million.

If the Trump administration fails to clinch a deal with Beijing soon to end the trade dispute, she says, her operation may have a hard time staying afloat.

“We need some stability, we need some action and we need it now,” Overman, who farms in Goldsboro, said via telephone.

Her desperation reflects the mounting urgency across U.S. farm country over ongoing talks aimed at ending Washington’s trade dispute with China and pulling the U.S. agriculture industry out of its worst crisis since the 1980s. 

U.S. trade negotiators currently locked in talks with their Chinese counterparts are demanding Beijing change the way it does business with the United States, providing more access for U.S. companies, enforcement of intellectual property protection and an end to industrial subsidies.

While the talks mark the closest point yet to an end to the nine-month trade war, the two sides are yet to agree on the core issues which are essential for a deal that would reopen a critical market for U.S. farm goods like soybeans, sorghum and corn-based ethanol.

So far, the American rural heartland that helped carry President Donald Trump to victory in 2016 remains largely supportive of his hard line on trade, saying unfair Chinese practices had to be addressed for longer-term economic gain.

But it has also taken the brunt of the dispute, losing a massive export market. With credit conditions eroding in the agrarian economy and total debt hitting levels unseen for decades, the pain has deepened and patience is wearing thin.

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China tempts Britain with free trade, says door to U.S. talks open

China tempts Britain with free trade, says door to U.S. talks open

China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogue.