Tense meeting dominated by trade, Ukraine and rare earths
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European Commission President Ursula von der Leyen on Thursday called for the European Union's trade relationship with China to become more balanced. "For trade to remain mutual beneficial it must become more balanced," she said, speaking at a press conference at the 25th EU-China summit.
China and Australia hold the third meeting of the China-Australia Free Trade Agreement (ChAFTA) Joint Committee via video link on July 24, 2025. Photo: MOFCOM. China and Australia
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.
Treasury Secretary Scott Bessent announced Tuesday that a third round of trade talks with China is now scheduled and will commence next week in Sweden.
We take stock of the twists and turns in the tariff negotiations between Washington and Beijing. Ultimately, the outcome might depend on both sides’ threshold for pain. Read more at straitstimes.com.
China Market Update: US-Japan Trade Deal Sends Hong Kong Higher, Shanghai Addresses Instant Commerce
Asian equities posted strong gains overnight, led by Japan, which rallied on news of its new trade agreement with the United States.
China is seeking to maintain stable relations with the European Union. The efforts are believed to be part of its strategy to prepare for a prolonged confrontation with Washington, as the United States ramps up pressure on its trading partners.