United States President Donald Trump on Monday ordered a delay in the re-imposition of higher tariffs on Chinese goods, hours before a trade truce between Washington and Beijing was due to expire. The White House’s halt on steeper tariffs will be in place until November 10. “I have just signed an executive order that will extend the tariff suspension on China for another 90 days,” Trump wrote on his Truth Social platform. The truce on steeper levies had been due to expire on Tuesday. While the US and China slapped escalating tariffs on each other’s products this year, bringing them to prohibitive triple-digit levels and snarling trade, both countries in May agreed to temporarily lower them. As part of their May truce, fresh US tariffs targeting China were reduced to 30 percent and the corresponding level from China was cut to 10pc. Those rates will now hold until November — or whenever a deal is cut before then. Around the same time that Trump confirmed the new extension, Chinese state media Xinhua news agenc...
BEIJING: China’s Xinjiang region has resumed seafood imports from Pakistan after a two-year suspension, marking a significant step in strengthening regional trade ties, China Economic Net (CEN) reported on Friday. The first shipment of fresh seafood from Pakistan arrived at Urumqi Tianshan International Airport, reviving operations at the airport’s designated inspection site for inbound aquatic […]
Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organisation (SCO) that begins on Augst 31, the government source, with direct knowledge of the matter, told Reuters. India’s foreign ministry did not immediately respond to a request for comment. His trip will come at a time when India’s relationship with the US faces its most serious crisis in years after President Donald Trump imposed the highest tariffs among Asian peers on goods imported from India, and has threatened an unspecified further penalty for New Delhi’s purchases of Russian oil. Modi’s visit to the Chinese city of Tianjin for the summit of the SCO, a Eurasian political and security grouping that includes Russia, will be his first since June 2018. Subsequently, Sino-Indian ties deteriorated sharply ...
BEIJING: Pakistan has sought China’s support in developing sodium-ion batteries for electric vehicles (EVs), as Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal Chaudhary, identified EVs as a key area of future cooperation between the two countries. Speaking at a press conference at the Pakistani Embassy in Beijing, Ahsan Iqbal emphasized Pakistan’s interest […]
BEIJING: Pakistan’s exports of industrial salt to China increased markedly in the initial half of 2025, highlighting the strengthening trade relations between the two nations. According to the General Administration of Customs of the People’s Republic of China (GACC), industrial salt exports from Pakistan have surged, totalling $3.74 million between January and June 2025, marking […]