Trump says China trip is not too distant as trade tensions ease
Washington, Jul 23 (AP) President Donald Trump on Tuesday said a trip to China might be 'not too distant," raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war.
Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the 'fantastic military relationship" with Manila as the U.S. looks to counter China's influence in the Indo-Pacific region.
Yet, Trump still said the U.S. is 'getting along with China very well. We have a very good relationship." He added that Beijing has resumed shipping to the U.S. 'record numbers" of much-needed rare earth magnets, which are used in iPhones and other high-tech products like electric vehicles.
Widely speculated about since Trump returned to the White House, a summit between Trump and Chinese President Xi Jinping would be expected to stabilize — even for a short while — a difficult relationship defined by mistrust and competition.
Beijing believes a leader-level summit is necessary to steady U.S.-China relations and that Trump must be wooed because he has the final say on America's policy toward China, despite more hawkish voices in his Cabinet, observers say.
The question, however, is when.
Danny Russel, a distinguished fellow at the Asia Society Policy Institute, said Trump has consistently shown his hunger for a visit to China and that Beijing has used that to bolster leverage.
'As soon as the leadership in Beijing is satisfied that Trump will be on his best behavior and will accept terms for a deal that they think are favorable, they will give a green light to the visit," Russel said.
Sun Yun, director of the China program at the Washington-based think tank Stimson Center, said a visit 'is in the making" with two sides likely to strike a trade deal.
What Trump said might mean the visit would not be in September but 'potentially November, but still depends on whether they play ball on trade and other things we want," Sun said.
Trump's campaign to impose tariffs on other countries kicked off a high-stake trade war with Beijing. China raised tariffs on U.S. goods to 125% in response to Trump's hiking the tax on Chinese goods to 145%.
Both sides also imposed on each other harsh trade restrictions on critical products: China on rare earths, and the U.S. on computing chips and jet engine technology.
Trade tensions, however, eased following two rounds of high-level talks in Geneva and London, when the two sides agreed to lower tariffs — pending a more permanent deal by mid-August — and pull back on trade restrictions.
Treasury Secretary Scott Bessent said Tuesday on Fox Business' 'Mornings with Maria" that he will be meeting with his Chinese counterparts in Stockholm next week to work on 'what is likely an extension" of the Aug. 12 deadline.
'I think trade is in a very good place with China," Bessent told host Maria Bartiromo. 'Hopefully, we can see the Chinese pull back on some of this glut of manufacturing that they're doing and concentrate on building a consumer economy." He said he also expects to bring up China's purchases of Russian and Iranian oil and Beijing's role in aiding Moscow in its war against Ukraine.
Beijing has not announced any travel plans for Vice Premier He Lifeng, who led trade negotiations in both Geneva and London on behalf of the Chinese government, but it is not unusual for China to make such announcements closer to a travel date.
In a possible friendly gesture, Beijing on Tuesday said it suspended an antitrust investigation into chemical maker DuPont's operations in China. China's State Administration for Market Regulation made the announcement in a one-line statement but gave no explanation for the decision.
DuPont said in a statement that it is 'pleased" with China's action.
Chinese regulators launched the investigation in April against DuPont China Group, a subsidiary of the chemical giant, as part of Beijing's broad, retaliatory response to Trump's sky-high tariffs.
Beijing also has agreed to approve export permits for rare earth elements and rare earth magnets that U.S. manufacturers need to build cars, robots, wind turbines and other high-tech products. The U.S. has eased restrictions on some advanced chips and other technologies. (AP) AS AS
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
July 23, 2025, 04:15 IST
News agency-feeds Trump says China trip is not too distant as trade tensions ease
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
19 minutes ago
- Economic Times
World War 3 is Coming: Nuclear war between Russia and West may happen soon, say reports. Here's what happened
Russian Papers Warn of Nuclear War in Future Kaliningrad as a Strategic Flashpoint Live Events Finland and the Arctic as New Hotspots Moldova and NATO Presence Political Voices Promote World War 3 Narrative US and Ukrainian Response FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Reports by Moscow-based newspapers describe possible war scenarios. Experts and analysts close to the Kremlin claim the West is preparing for conflict. These narratives aim to prepare Russian citizens for potential state-linked Russian news outlets, including Komsomolskaya Pravda (KP), are warning of a nuclear war with NATO. The reports claim that the West, including Britain and European countries, may provoke a large-scale war by the end of this decade. These reports feature Russian experts outlining what a confrontation could look articles state that NATO forces might be ready for combat by the end of the decade. Readers are told that this buildup is part of a strategy to provoke and divide Christopher Donahue of the US Army Europe and Africa recently said NATO could seize Russia's Kaliningrad region quickly if conflict begins. Kaliningrad is surrounded by NATO members and separated from the rest of Russia. It holds military value and could be central in any commentators warn that the West is turning surrounding areas, such as Sweden's Gotland island, into military zones. These include air defense systems and missiles, seen as preparation for a ground a military analyst quoted in KP, claims NATO plans to cut off Kaliningrad by blocking air and sea routes. He predicts a military response through the Suwalki Gap, a 60-mile strip linking NATO nations that sits between Kaliningrad and cited in Russian media claim that Finland, which recently joined NATO, could become a new launch zone for Western attacks. They mention military infrastructure in Finland that could target St Petersburg and other Russian is also a suggestion from analysts that Russia should conduct a nuclear weapons test in the Arctic to deter NATO aggression. This would be the first such test since the Cold also names Moldova as another risk zone. Russia's SVR intelligence service has accused NATO of turning Moldova into a military base. This could create another direct confrontation between NATO and Russia in Eastern a military commentator, warned that any assault on St Petersburg, even if Kaliningrad is taken peacefully, would trigger a broader Klintsevich and other experts featured in Russian media say the West is mobilising its defense industries and pushing for war. They accuse NATO of planning to break Russia into smaller regions to gain access to its Medvedev, a top Russian official and former president, recently said that World War Three has already started. He blamed the US and Europe for provoking the conflict. He also called for Russian strikes on the rise in rhetoric comes amid Russia's continued bombing of Ukraine. The US is backing Ukraine militarily. Donald Trump, a US presidential candidate, has reportedly promised Ukraine defense systems and 100% tariffs on Russia unless a peace agreement is made within 50 British documents obtained by The Sun reportedly describe London's plans in case of a nuclear attack. These documents give an idea of how seriously governments are considering worst-case media says NATO is preparing military zones near its borders, which they claim could provoke a future war. Kaliningrad is a Russian military area in Europe. NATO sees it as a threat, and Russia sees it as a base to defend.
Mint
19 minutes ago
- Mint
Russia-Ukraine Talks End With Deal on POWs, No Progress on Peace
Officials from Russia and Ukraine ended a third round of formal negotiations in Istanbul with an agreement to swap more prisoners but little sign of progress on a deal to halt the war. Ukraine proposed a summit of the leaders of the two countries by the end of August that should also include US President Donald Trump and Turkish leader Recep Tayyip Erdogan, the Ukrainian delegation leader, Security and Defense Council Secretary Rustem Umerov, told reporters after the talks late Wednesday. There's no point to a summit without first having negotiated a peace deal, Russian presidential aide Vladimir Medinsky, who led Moscow's delegation, told a news conference in response. 'It doesn't make sense to meet in order to discuss it all over again from scratch,' he said. Medinsky said the two sides had agreed to a new exchange of about 1,200 prisoners, and Russia had also proposed returning the bodies of 3,000 Ukrainian soldiers. While the Russian and Ukrainian negotiating 'positions are quite distant from each other,' they had agreed to continue contacts, Medinsky said. Russia proposed establishing three working groups on political issues, humanitarian questions and military matters, he said. Umerov said Ukraine continues to insist on a full and unconditional ceasefire to allow for peace talks. It was up to Russia to demonstrate a constructive and realistic approach, he said. Umerov and Medinsky met for direct talks ahead of the main group negotiations that lasted for less than 40 minutes. 'The ultimate aim is a ceasefire that will pave the way to peace,' Turkish Foreign Minister Hakan Fidan said in televised comments at the start of the meeting. 'Turkey is ready, as ever, to support the process.' The latest discussions took place after Trump issued a 50-day deadline for Russian President Vladimir Putin to agree to a ceasefire, and threatened 'very severe' secondary sanctions against countries that buy Russian oil and gas if he fails to comply. Trump also said the US would send additional military aid to Ukraine including Patriot air defense systems that will be paid for by Kyiv's European allies. Russia has unleashed record drone and missile attacks on Ukrainian cities in recent weeks, prompting Trump to accuse Putin of a lack of sincerity in diplomacy to end the war. 'He talks nice and then he bombs everybody in the evening,' Trump said. The previous rounds of Istanbul talks between Ukraine and Russia in June and May led to exchanges of prisoners, but no progress in negotiations to end the Russian invasion that began in February 2022. GLOBAL PREVIEW: Istanbul Talks Unlikely to Yield Ukraine Peace Russia has rejected calls from Ukraine and its US and European allies for a ceasefire to allow for peace talks. The Kremlin is maintaining hardline demands for Kyiv to accept a neutral status and to withdraw its forces from four regions of eastern and southern Ukraine that Moscow is claiming but doesn't fully occupy. This article was generated from an automated news agency feed without modifications to text.
Time of India
43 minutes ago
- Time of India
H-1B wage levels: What will change in the new US immigration rules that will end visa lottery?
The proposed H-1B rule will be bad news for international graduates and senior American employees. The US administration is planning to bring in a new H-1B rule which will give weightage to wage level instead of the random lottery that takes place now when H-1B registration exceed the annual limit of 65,000 plus the additional 20,000 for individuals with an advanced degree from a US university. The new rule will not be applicable this year as 2026's registration quota has already been reached. US tech workers have welcomed the proposed changes as they think the changes will eliminate the possibility of U companies hiring foreign workers for posts that don't need high skills, as H-1B should be -- but they hire only to save money as they will have to pay less wage to a foreigner than a US citizen. Understanding weightage-based selection This is the same rule that the Trump administration wanted to bring in during the last term. 'USCIS will rank and select the petitions received on the basis of the highest Occupational Employment Statistics wage level that the proffered wage equals or exceeds for the relevant Standard Occupational Classification code in the area of intended employment, beginning with OES wage level IV and proceeding in descending order with OES wage levels III, II, and I. ' (The Occupational Employment and Wage Statistics program is within the Department of Labor.)" by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gentle Japanese hair growth method for men and women's scalp Hair's Rich Learn More Undo the 2021 DHS rule said. What does this mean? This means there will be no H-1B hiring at the entry level. Entry-level jobs will be protected for Americans. Based on the wages and expertise needed for a job, there are four levels: Entry, qualified, experienced and fully competent. The national average of entry-level salary is $83K, level 2 is $108K, level 3 is $127K and level 4 is $151K. International grads will suffer, senior American employees will face competition International graduates looking for entry-level jobs in America will suffer as they will not get a chance in the proposed system. While this is good news for American graduates, the new rule has bad news for senior American leadership as the new system will bring in more high-paid mid-level H-1Bs. Startups will also suffer as they won't be able to hire cheap labor from H-1Bs.
