U.S. and China Move Closer to Trade Ceasefire as Retaliatory Tariffs Intensify
- U.S.-China trade talks in Kuala Lumpur show progress, with both sides aiming for a preliminary agreement before Trump-Xi summit. - U.S. proposes 157% tariffs on Chinese goods over fentanyl concerns, while China imposes reciprocal port charges on U.S.-linked shipping. - Escalating tit-for-tat measures risk global shipping costs and trade routes, as tensions rise ahead of U.S. presidential elections. - Negotiations focus on de-escalation amid mutual threats, with Trump signaling openness to direct talks de
Recent talks between U.S. and Chinese trade officials have seen notable advancement, with both parties voicing hope for a preliminary deal before a possible summit between President Donald Trump and President Xi Jinping. On October 26, U.S. Trade Representative Jamieson Greer mentioned that the discussions in Kuala Lumpur are
China’s Vice Premier He Lifeng and chief negotiator Li Chenggang took part in the meetings, highlighting the importance of reducing friction as both countries increase their threats. The U.S. has announced plans for new tariffs of up to 157% on Chinese imports beginning November 1, citing worries about fentanyl trafficking and restrictions on rare earth exports. Trump has justified these tariffs as a reaction to China’s supposed involvement in sending fentanyl to the U.S. through Venezuela, but he has also indicated a willingness to resolve matters directly with Xi,
In response, China has introduced its own countermeasures. The Ministry of Transport (CMOT) revealed new port fees for ships with American connections, mirroring the U.S. Section 301 tariffs that target Chinese shipping and logistics. These fees, which will rise each year, aim to put pressure on U.S.-affiliated shipping while excluding vessels made in China. Experts point out that this move is part of a growing tit-for-tat strategy, and
The negotiations are taking place during a period of increased geopolitical strain. Trump’s five-day visit to Asia, which includes a scheduled summit in South Korea, highlights the pressing need to resolve these disputes ahead of the U.S. presidential election. Although Beijing has not yet confirmed a meeting between the leaders, officials from the White House
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