China’s manufacturing success was attributed to cheap labour. That perception has now changed completely. Factory wages in China have climbed close to eight dollars per hour, far higher than those in Vietnam, Malaysia, Thailand, and India. By cost logic alone, China should have lost its position as the world’s manufacturing hub. Instead, it continues to dominate global production, contributing nearly 28 percent of worldwide manufacturing output. The reason lies not in wages, but in produc

The high-stakes meeting between United States President Donald Trump and Chinese President Xi Jinping in Busan, South Korea, concluded after nearly one hour and forty minutes on Thursday, lasting longer than initially scheduled. The session, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, was seen as a pivotal effort to reduce escalating tensions that have rattled global markets for months. Both leaders are believed to have sought a pathway to prevent further det

As the world watches the evolving dynamics of U.S.–China relations, former U.S. President Donald Trump has expressed confidence that a “fair trade deal” with Chinese President Xi Jinping could soon materialize during the Asia-Pacific Economic Cooperation (APEC) summit. Speaking ahead of the high-profile event, Trump described his relationship with Xi as “strong” and said he expects posit

Chinese Foreign Minister Wang Yi's visit to India marks a crucial moment in the efforts to reset strained relations between the two neighboring giants. This is the first time in three years that Wang Yi has visited India, signaling an important opportunity for both countries to engage on key issues such as border disputes and regional security. Wang Yi's meeting with India’s Foreign Minister, S. Jaishankar, and his scheduled meeting with Prime M

Nvidia has secured a crucial win in its ongoing negotiations with the U.S. government over AI chip exports to China. The Trump administration has decided to allow the tech giant to resume sales of its H20 chips to Chinese clients, following a reversal of earlier restrictions. According to Commerce Secretary Howard Lutnick, the green light for sales was granted on the condition that Nvidia would not export its most advanced chips, ensuring that national security interests remain protected whil

European bank stocks are enjoying a notable upswing, with both Barclays and Deutsche Bank shares reaching their highest levels in over a decade. This rally is being fueled by a combination of easing geopolitical tensions, signs of improving global trade relations—particularly between the United States and China—and robust first-quarter earnings, especially from investment banking divisions. Barclays, one of the UK’s leading financial institutions, has seen its

US President Donald Trump has announced a major breakthrough in trade relations with China, confirming that a new deal includes guaranteed upfront delivery of rare earth elements to the United States and a renewed visa pathway for Chinese students. Posting on Truth Social, Trump declared the agreement “done,” pending final approval from Chinese President Xi Jinping and himself. He emphasized that under the terms, the US would receive “full ma

The United States and China have reached a preliminary framework agreement to revive their stalled trade truce, aiming to ease export curbs and avoid a looming tariff escalation. Following two days of high-stakes negotiations in London, both sides announced they had come to terms on steps to lift restrictions on China's rare earth mineral exports and to roll back recent U.S. controls on advanced technology goods, including semiconductor software.

A major coalition representing auto parts suppliers in the United States has issued a stark warning about the looming threat to the automotive supply chain caused by China's recent restrictions on rare earth exports. The group, MEMA – The Vehicle Suppliers Association – called for urgent government intervention, saying the limited access to these critical materials could quickly spiral into a nationwide auto manufacturing disruption. Rare earth elements, essenti

Dollar Tree, a major American discount retailer, has issued a warning that its earnings for the second quarter could fall by as much as 50% compared to the same period last year. The projected drop is largely due to increased import costs triggered by newly imposed tariffs on goods from China. The company sources the majority of its merchandise—ranging from disposable tableware, seasonal items, toys, and puzzles to low-cost clothing and accessories—from Chinese manufac

The Trump administration, currently embroiled in multiple legal battles over its controversial executive orders, has urged a New York court not to place a stay on President Donald Trump’s tariffs order. In a dramatic appeal, administration officials warned that halting the tariffs could not only harm American economic interests but also destabilize fragile peace agreements and undermine global diplomacy. Citing examples such as the tense India-Pakistan standoff and ongoing trade talks w

Markets across the globe rallied after a major breakthrough in US-China trade relations led to a temporary easing of tariffs, injecting optimism into an environment recently weighed down by economic uncertainty. A new agreement between the two economic giants saw both sides commit to a 90-day reduction in tariffs, effectively pausing years of escalating trade hostilities. The United States agreed to cut tariffs on Chinese imports from 145% to 30%, while China responded by lowering its tariffs on

Gold prices fell significantly on Monday as investor confidence rebounded in response to a temporary agreement between the United States and China to ease tariffs. The development, seen as a step toward de-escalating prolonged trade tensions, prompted a shift in global risk sentiment and reduced demand for safe-haven assets like gold. Spot gold dropped by 3% to $3,225.28 per ounce in afternoon trading, moving sharply away from the record high of $3,500.05 it reached just weeks ago. Meanwhile, U.

The United States and China have reached a pivotal agreement to pause their escalating trade war, marking a temporary 90-day truce in which both nations will significantly reduce tariffs on each other’s goods. The announcement followed intensive trade talks held in Geneva, signaling a breakthrough in the long-standing dispute between the two largest global economies. Under the terms of the agreement, the United States will lower its tariffs on Chinese imports from an extreme

Oil prices rose on Monday as encouraging signs from trade talks between the United States and China improved market sentiment. Over the weekend, both sides reported progress in negotiations, helping ease concerns in global markets and fueling optimism that the two largest crude consumers are moving closer to resolving their long-running trade dispute. Brent crude futures increased by 43 cents, or 0.67%, reaching $64.34 per barrel in early Asian trading. At the same time, U.S. West