CNBC’s China Connection: US-China Relations Changed

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The world felt an effective US-Kita’s trading embargo, and there is no back on Monday. Now in China there are “mutual respect“He long longing for the USA

US Treasury Secretary Scott Bavert said Joe Kernen that “there is a sense of mutual respect” during the negotiations, in the fact that US trading representative Jamison Grir also emphasized in his remarks to the press on Monday.

This is in sharp contrast to how the first bilateral high -level meeting under Biden’s administration began with Exchange exclaims in AlaskaThen the “incident on the balloon”, which postponed the then Secretary of State Anthony Blinken’s first visit to China On the moon.

Also rarely that Monday and China have released a joint statement – what both parties have not done since November 2023 with A statement of “Sunnylands” about climatic cooperation.

Going forward, it will be very important to find out whether joint statements will be issued after major meetings, or return to the reading division, said a senior government and business executives that regulate the dialogue with top officials of both countries, CNBC said. The source demanded anonymity with a sensitive nature of conversations.

The source expects volatility, probably around tariffs – an important point of flexibility for Trump as a tool for managing relations with major states. The source added that the possible resolution may include large Chinese purchases in the US, the US that creates jobs, while Beijing gets the core of concessions for its interests.

“The permanent base after the Second World War, which once supported stable expectations, did not disappear; even more tariff refusals will not restore it,” said Natixis Natixis in Natixis, A. LinkedIn Post on Monday.

SU added that large enterprises will continue to diversify the supply chains, but small business may stop production – because the overall confidence disappears in the US dollar as the highest reserve currency in the world.

Better than expected by the US and China agreed on Monday to cut most new tariffs on each other’s goods within 90 days, while two sides Negotiations on economic and trade policy.

This is after China, The second largest supplier of US goods last yearwas the only country throughout 180 countries and territories suffered from “mutual” American tariffs to avenge.

The Hong Kong Seng Seng Seng Index resumed to the level, which was seen before the escalation in trade tensions, while the S&P 500 retreated to a positive territory for the year.

“It can only be the beginning of the inevitable collision of the two largest economies,” said Nomura’s chief Chinese economist on Monday, adding that “the United States remains the next, but China can learn much better about how to dig itself in the future.”

For half an hour after Liberation of the Chinese version The United States Trade Agreement on Monday, the Chinese Trade Ministry, announced that several ministries and provinces held a meeting on this day Strengthening control over export On critical minerals, another area in which China dominates the supply chain.

The State Council, China’s Chief Executive Authority, also on Monday Posted by National Security Document This began with a link to the opium war, which noted the beginning of the traumatic period known as the “centening of” in China, entered its national consciousness. I put similar stories in white, calling for independence and playing the role of the country as a stabilization force against the background of global uncertainty.

However, according to business associations, the growth of accents in China on national security is usually worth the cost of some foreign structures.

“The 90-day suspension, although welcomed, still creates considerable uncertainty for business planning and cost in US companies, undermining their long-term global competitiveness,” the US said on Monday, calling “to stop unjust trading practices and barriers in the market.”

But Beijing continued to do subtly veiled on the US on Tuesday at Conference with Latin American and Caribbean leaders On Tuesday.

Chinese President Xi Jinping said “bullying and compulsion only lead to isolation,” without naming any country, in particular, an audience that included the presidents of Colombia, Brazil and Chile.

Even as China Exports to the US plunged by more than 20% In April, trade data shows that China increased its exports to Southeast Asia, the European Union and Latin America.

“Despite the temporary retaliation, China continues to signal that it seeks to diversify US agricultural goods,” Dennis Vasenski, an economist in CBA said in a note on Tuesday.

He warned that seasonality and weather in South America would affect China’s ability to cut purchases in the US.

But he pointed to reports that China, May 9, signed a letter of intention with exporters in Argentina buy about $ 900 million In soybeans, corn and vegetable oil while in China is Imported soy imports from five Brazilian firms.

According to official reports, using official data providing information on financial data information, China’s imports from Argentina increased by 6.4% to $ 7.03.

But for many companies that once only relied on suppliers based the reason to expand.

“The smarter importers realized that the long-term, they are the most safety when they are diversified, and therefore will continue to look for alternative sources,” said Ash Mong, the founder and CEO of Services Services Services. Last month he launched a web -resort called ‘Tariff of assistance“For small businesses, you can find ways of diversification from suppliers based in China.

– Bernice Ooi in this report submitted to this report CNBC

US and China are talking. Minister of Finance of Sende and China Lan Faan met in Washington, Colombia District, on the sidelines of an international meeting there late last month, Financial Times reported by citing sources. Once both countries met in Switzerland last weekend and reached the transactions, investment banks have began to revise their growth forecasts in China.

Property in China is approaching stabilization. This, said in the S&P report on Sunday, which predicts that the volume of the main sales of the home is set to mitigate its decrease to 2% decrease this year, against 17% of the immersion last year.

Nvidia wants the Chinese market. The American Chip manufacturer plans to release the reduced version of the most powerful hip H20 for China in the next two months, after US officials imposed export restrictions on the original model, Reuters reported on Fridayreferring to the sources.

Mainland Chinese CSI 300 grew by 1.15%and Hong Kong Hang the Index – The included large Chinese companies – rose by 1.73% as of 2 pm local time.

The 10-year profitability of Chinese government bond bonds is 1.672%.

The Chinese yuan on the shore weakened 0.22% against green to 7,2114.