The extension of the truce of the United States of Chinese is suspended in the balance, as it is waving on the deadline star-news.press/wp
A man is going through the flags of China and the United States of America before a meeting between the US Treasury Secretary Janet Yellen and the Deputy Prime Minister of Chinese in Lifeng at the Guangdong Zhudao in the South Chinese Guangzhou city, on April 5, 2024.
Pedro Bardo AFP | Gety pictures
The United States and China have not yet announced the extension of the deadline of the tariff, with tensions on many thorny issues that are raised again as a brutal truce approaches.
In the wake of the latest bilateral meeting in Stockholm in July Work to expand the tariff truce At another 90 days.
However, American negotiators put the ball at President Donald Trump’s court to prolong the truce of the customs tariff. Trump has not yet made little signal to if he would go to extend, which led to fears that tensions between the largest economists in the world could rise again.
In May, the two sides agreed to a 90 -day tariff that reduced the exorbitant duties by 145 % in April with a series of penalty measures, providing room for further negotiation to reach a permanent deal. Which – which deal Its validity is scheduled to end on Tuesday.
China’s shipments related to the United States are currently facing a 20 % tariff related to the country’s alleged role in the flow of fentanel to the United States and 10 % foundation tariffs, stacked above a 25 % is a duty of some goods It was imposed during the first period of Trump. American goods to China are subject to more than 32.6 % tariffs, according to Peterson Institute for International Economy.
The USA and Foreign Ministry’s commercial representative office did not respond to CNBC’s comments requests.
While the extension of the official tariff is still attached to the balance, experts expect that a summit will be made between Trump and Shi in Beijing in the coming months.
“This means that there is a more stable relationship between the United States of China … but in any way friendly,” said Ian Bremer, head and founder of the Eurasia Group, noting that both sides “are heading to separate from separation as a result of the new global trade and the geopolitical environment.
Purchase Agreement, Transition
Despite the truce of the customs tariff, the trade between Washington and Beijing was greatly exposed.
China’s trade data in July showed its exports to the United States shrinking for a fourth consecutive month, 21.7 % decreased from the previous year. The shipments were sank in May from more than the beginning of the epidemic, according to wind information data.
Julian Evans Brotshard, head of China’s economies in the economy, said the potential commercial deal can include adherence to increasing US goods purchases, especially energy and agricultural commodities, and if the United States allows this, semiconductor and chip making equipment.
China’s total imports from the United States 10.3 % decreased From January to July.
Evans Brotshard said the final deal could take different forms.
At that time, China has agreed to an increase of $ 200 billion in the annual purchases of US commodities and services for 2017 levels, which is the goal that Beijing eventually failed to fulfill the epidemic trade.
“It is reasonable for Trump to deal with the first deal as an incomplete work, as he renewed it with higher purchase goals.”
In a publication Social truth on Sunday night in the United StatesTrump said he hoped to “quickly get soybean orders.” China has increased the purchases of soybeans in recent months, as imports grow by 36.2 %, 10.4 % and 18.4 % in May, June and July, respectively, according to wind information.
China’s total exports to the United States decreased by 12.6 % this year as of July. However, this was largely compensated by export growth by 13.5 % to Southeast Asian countries, which led to the audit of the so -called “transmission” of goods.
Trade experts have warned that exports-a crucial growth driver for the Chinese economy-may slow down in the coming months, as Trump secretes a 40 % blanket tariff on the goods that were directed through the third-party countries, despite providing little clarity on how to define these shipments.
Semiconductor export controls
Tensions between the United States and China have escalated on the controls for the export of semiconductors in recent weeks, even with NVIDIA plans The resumption of H20 SIM sales to China, which reflects the export controls on the H20 sales imposed by Trump in April.
Gabriel Weldo, the director of political consulting, said, noting that the H20 appeal indicates “a modest correction of the course instead of a strategic shift,” noting that the kidnapping of the great export control will not happen.
However, Trump may consider giving concessions on export controls that others consider to be “excessive” in order to make a deal with Beijing.
The Appeal of H20 sales comes at a time when the national security hawks in the Trump administration warns that US chips and other technology can enhance the artificial intelligence sector in China and its army. Others argue that additional restrictions risk opposite results, and may push Beijing to accelerate efforts to develop local alternatives and reduce dependence on American suppliers.
Chinese officials have pushed the United States to reduce export controls on high-range memory chips-whose shipments were banned to China by former President Joe Biden in 2024-The Financial Times reported on Sunday. Nafidia and AMD They agreed to grant the US government 15 % of its revenues from chips sales to China to secure export licenses, I mentioned financial times.
“What we see is in fact the liquefaction of the American trade policy in which American companies should pay the American government to obtain permission to export. If this is the case, we have entered into a new and dangerous world,” said Stephen Olson, a senior visitor colleague at the Ishak Institute.
Rare Earth exports
Beijing’s financial leverage by dominating the rare land can be an additional factor that pushes Trump to make concessions – and a card that Beijing will use almost, according to experts.
Beijing agreed to relax An export on rare and magnetic minerals in the United States in June She moved to the speedy licensing process after a series of negotiations, although few details about her commitment to accelerate critical metal shipments.
In June, rare land exports in the country increased by 60 % to 7,742 metric tons, the highest level since January 2012, according to data on wind information, before decreasing to 5994.3 metric tons in July.
China’s exports of rare land magnets jumped to the United States in June more than seven times from the previous month, as American companies obtained about 353 metric tons of permanent magnets in June, according to official customs data. A similar collapse will be issued to the country on August 20.
Secondary definitions on Russian crude
Another thorny issue in negotiating between the United States and China is the threat of Trump to punish Beijing with additional definitions of his purchases of Russian oil.
China was The largest buyer of Russian oilFollowed by India, which witnessed the US tariff doubled to 50 % last week.
Answer a question about whether he will think about punishing China for the same reason, Trump said: “I can’t tell you yet. But I can – we have done it – we have done it with India. We are probably so with another couple. One of them can be China.”
China’s total imports from Russia in July increased to $ 10.06 billion, the highest level since March, despite its 7.7 % decrease this year of the same period in 2024, according to the latest customs data.
Xi made a phone call to President Vladimir Putin on Friday before the Russian leader’s meeting with Trump on Russia, Ukraine, which is now fourth year.
New Wang, Chinese economist at Evercore ISI, said that the phone call with Putin was “urgent” as happened during the annual summer vacation scheduled in Shi.
Wang added: “Each of something and Putin wants to take advantage of their close relationships in the negotiations with Trump by making him guess what was already talked about or even agreed while they are invited.”
https://image.cnbcfm.com/api/v1/image/108183926-1754871297321-gettyimages-2131332377-AFP_34NM82V.jpeg?v=1754871321&w=1920&h=1080
2025-08-11 07:26:00
