China has reinstated export licences for more than 400 US beef processing plants, including major firms like Tyson Foods and Cargill, as Trump and Xi meet in Beijing. The move follows a sharp fall in US beef shipments to China last year after many plant registrations expired, disrupting trade worth billions.
Melania Trump will not travel to China with President Donald Trump, raising questions about her schedule ahead of the trip. Trump told reporters that discussions will cover multiple topics, with trade expected to be a key focus. The absence fuels speculation as the White House prepares for sensitive economic talks with Beijing.
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The Trump administration has asked an appeals court to pause a trade court ruling that overturned President Donald Trump’s 10% global tariffs. Despite the court setback, the government wants the levies to remain in effect while its legal challenge proceeds. The decision will determine whether tariff payments continue during the appeal process, with broader trade and market implications.
EU officials are scrambling to lock in a US trade deal before July 4, but President Donald Trump’s personal anger over remarks from German Chancellor Friedrich Merz is injecting uncertainty. Trump has floated new tariffs on European cars, while the EU tries to settle disagreements over the deal’s terms and keep negotiations on track.
A US trade court ruled Trump’s 10% temporary global tariffs are unjustified under a 1970s trade law, dealing another setback to his tariff push. However, the court only blocked the levies for two private importers and the State of Washington. The decision lands days before Trump is set to discuss trade tensions with Xi Jinping in Beijing.
A U.S. trade court ruled President Trump’s 10% global tariffs are unjustified under a decades-old law, blocking them for two importers and Washington state. Other businesses still face the duties while appeals play out. The ruling adds pressure to Trump’s tariff approach as trade talks with China loom, though the tariffs are expected to expire in July.
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An interim India US trade pact is expected to be wrapped up before late July, but the final signature is being complicated by changes to U.S. emergency trade powers. After a Supreme Court ruling against the administration’s emergency approach, current surcharge measures are set to expire, making a pre-July agreement crucial to avoid heavier Section 301 penalties.
America’s trade deficit edged up in March as imports climbed on the back of fresh AI investments and stronger demand for automotive products. At the same time, US exports of crude oil and petroleum derivatives rose. The shift follows a recent Supreme Court decision tied to tariffs, adding uncertainty to how trade flows could change next.
The Japanese yen held steady after authorities intervened to strengthen it, easing near-term volatility. Traders are now looking for additional actions and whether the United States will get involved. Meanwhile, trade tensions continue to simmer after President Trump flagged a development related to ships in the Strait of Hormuz. The Australian dollar and euro edged up, while bitcoin dipped slightly.
Volkswagen’s finance chief Arno Antlitz says any US tariff refunds would deliver only minimal relief, likely in the small double-digit millions. That pales beside the automaker’s annual tariff bill of about 4 billion euros. Still, Volkswagen plans to pursue refunds—however limited their financial impact may be.
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The US Commerce Department has announced preliminary antidumping duties on solar cells and panels imported from India, Indonesia, and Laos, alleging the products were sold in the US at unfairly low prices. The move could reshape costs and competition for exporters, while US industry groups backed it. Final determinations are expected later this year.
China has launched an investigation into US green tariffs ahead of Donald Trump’s visit, focusing on restrictions affecting imports as well as cooperation on key technologies. Beijing is using the move to cast itself as a leader in global decarbonization, contrasting its strategy with what it frames as American protectionism. The probe could intensify already tense trade dynamics.
Waaree Energies shares fell over 5% after the US imposed preliminary anti-dumping duties of up to 123% on solar imports from India, Indonesia, and Laos. The shock has rattled investors and renewed concerns for Indian exporters dependent on the American market, even as global demand for renewable energy equipment remains strong.
Nvidia’s H200 AI chips have not reached Chinese companies, according to US Commerce Secretary Howard Lutnick. He said China’s central government has not permitted the sales, aiming instead to steer investment toward domestic industry. Shipments also stalled amid disputes over sales terms. Meanwhile, the US is reportedly weighing new rules to restrict advanced tech shipments to Chinese firms.
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