CNBC’s Chinese connection: US-Chinese relationship has changed

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The world has a effective flavor of the US-China trade embargo and does not return after reduced tariffs on Monday. China is now “mutual respect“It would have been going from the United States for a long time

The US Treasury Secretary Scott Bessent said CNBC’s Joe Kernen “There is a sense of mutual respect,” said the US trade representative Jamieson Greer also stressed that he was in the press on Monday.

This was interested in the beginning of the first high-level bilateral meeting under the Biden Administration Exchange of insult in AlaskaFollowing the “balloon event” postponed by US Secretary of State Antony Blinken’s first trip to China for months.

Rare on Monday, the United States and China issued a joint statement – both sides have not done anything since 2023 Sunnylands Statement of Climate Cooperation.

Looking forward, it is very important to see that joint statements will be made after major meetings, or separate readings, which are regular dialogue with the highest officials of both countries, and the joint consultant, and the cnBC’s highest officials will be observed. Source demanded anonymity due to sensitive nature of conversations.

The source awaits the tariffs for variability – is an important point of comfort for the management of ties with basic strengths for Trump. The source added that a possible resolution is a major Chinese purchases, US investments in the United States and Beijing in their own interests.

“Once upon a time of the setting of fixed expectations, a post-time trading framework; even more tariffs will not be returned,” Jianwei XU, NATIS said, Said Economist, A. LinkedIn Post Monday.

XU added that large enterprises will continue to diversify the supply chain, but it can stop production of small enterprises – as general confidence in the total stock currency of the US dollar.

As a result of the expected, the United States and China agreed to return the most tariffs for each other’s goods within 90 days of 90 days To discuss economic and trade policy.

After China, The second largest supplier of US goods last yearwas the only country 180 nations and territories Hit the US tariffs by “mutual” revenge.

Hong Kong’s suspension Seng index was taken to the growing levels of trade tensions in early April, the S & P 500 was taken to the visible levels after returning to the positive area for the year.

“This may be the beginning of the inevitable conflicts of the two largest economies,” Ting Lu, “Nomura’s China Economist,” The United States is still insulting, but China can better learn how to dig. “

In half an hour Release Chinese language version On Monday, the joint trade agreement was a joint trade agreement, the Ministry of China, the Ministry of Commerce has announced that several ministries and provinces meet To strengthen export control In critical minerals, another area where the Chinese supply chain prefers.

State Council, China’s best executive body, Monday A whitepaper on national security was published In China, citing a traumatic era known as the “humiliation of humiliation”, he became a national consciousness. Whitepaper called on similar narratives, and called for self-reliance and called on the role of the country as a stabilizing force in global uncertainty.

However, China’s growth of national security is tended to come with the cost of some foreign institutions.

“A 90-day deferral, welcome, again that US companies have called for work planning and expenses, long-term global competitiveness, called China” Unfair Traditions and Market-entry barriers “on Monday, he said.

But Beijing continued to make thinly covered landslides in the United States on Tuesday Conference with Latin American and Caribbean leaders Tuesday.

Chinese President Xi Jinpinping, “Violence and compulsion”, only one country, “Colombia, Brazil, Brazil and Chile”, “the presidents of the presidents of China,” he said, “he said.

As China is Exports to the United States are more than 20% In April, trade information shows that China, southeast Asia, the European Union and Latin America have expired.

“Despite the fame of the temporary tariff war, China continues to signal because he wanted to move away from agricultural products,” Dennis Voznesenski, Agricultural Economist in the CBA, CBA noted on Tuesday.

The seasonal and weather conditions in South America will affect China’s ability to reduce the purchase of the United States.

However, he signed a letter of intent in Argentina on May 9, China signed a letter of intent. Get about $ 900 million Soy, corn and vegetable oil and China have Five Brazil restored Soya imports from the company.

The import of China’s Argentina increased by 6.0% last year to $ 7.03 billion, according to official data, the financial information provider entered the wind data.

However, for several companies that trust only Chinese-based suppliers, the sudden increase in US tariffs last month is only the end cause to expand.

“Smart importers will continue to look for the most reliable in their diverse, and therefore alternative sources.” Opened a website called last month “Tariff Help“To find ways to diversify Chinese-based suppliers for small businesses.

– CNBC’s Bernice OO contributed to this report

The United States and China are talking. Bessent and Chinese Finance Minister Lan Fo’an, came together in Washington, DC, on the outskirts of the international meeting end in the last month The Financial Times reported referring to the sources. There are invested banks after the two countries meet in Switzerland on the weekend In China began to review growth forecasts.

China’s property sector is approaching stabilization. According to a S & P report, the average house of sales of the primary land decade was determined to the level of 2% decreased by 17% last year.

Nvidia still wants the Chinese market. US ChipMaker plans to release a low-powered version of the most powerful H20 artificial intelligence in China in the next two months, after US officials have exported export restrictions in the original model Reuters reported on Fridayreferring to sources.

Mainland China CSI 300 Hong Kong grew 1.15% Hang Seng Index – Includes major Chinese companies – 2 to 2.73% of the local time.

The assessment is 1,672% of the 10-year Chinese government bond.

In the sea, the Chinese Yuan weakened 0.22% against 0.2114.