{"id":514112,"date":"2025-10-20T10:15:24","date_gmt":"2025-10-20T10:15:24","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/514112\/"},"modified":"2025-10-20T10:15:24","modified_gmt":"2025-10-20T10:15:24","slug":"trump-lists-top-demands-on-china-before-trade-talks-resume","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/514112\/","title":{"rendered":"Trump lists top demands on China before trade talks resume"},"content":{"rendered":"\n<p class=\"yf-1090901\">President Trump <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-20\/trump-says-us-will-be-fine-with-china-as-trade-talks-near\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:announced;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">announced <\/a>his list of demands for China on Sunday, <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-20\/trump-says-us-will-be-fine-with-china-as-trade-talks-near\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:citing;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">citing<\/a> rare earths, fentanyl and soybeans as his top issues to address with Beijing at the negotiating table and before the fragile trade truce between the world&#8217;s largest economies expires.<\/p>\n<p class=\"yf-1090901\">\u201cI don\u2019t want them to play the rare earth game with us,\u201d Trump <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-20\/trump-says-us-will-be-fine-with-china-as-trade-talks-near\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:said;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">said<\/a> on Air Force One.<\/p>\n<p class=\"yf-1090901\">Last week, Trump said threatened high tariffs on Chinese goods were &#8220;not sustainable,&#8221; easing fears of further trade escalation between the countries.<\/p>\n<p class=\"yf-1090901\">&#8220;But that\u2019s what the number is,&#8221; he said during an interview with Fox Business. &#8220;It\u2019s probably not [sustainable] \u2014 you know, it could stand, but they forced me to do that.&#8221;<\/p>\n<p class=\"yf-1090901\">Trump has <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-declares-us-china-trade-210919328.html\" data-ylk=\"slk:confirmed;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">confirmed<\/a> that trade tensions with China remain high, telling a reporter who asked whether the two countries are headed for a prolonged trade war, &#8220;Well, you&#8217;re in one now.&#8221;<\/p>\n<p class=\"yf-1090901\">The president&#8217;s comments came despite Treasury Secretary Scott Bessent <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/bessent-slams-china-on-rare-earths-but-says-extending-pause-on-tariffs-is-possible-181748650.html\" data-ylk=\"slk:suggesting;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">suggesting<\/a> that an extension of the tariff pause between the US and China was possible. Trump on Friday confirmed that he will meet with Chinese leader Xi Jinping later this month.<\/p>\n<p class=\"yf-1090901\">&#8220;I think we&#8217;re going to do fine with China,&#8221; Trump said.<\/p>\n<p class=\"yf-1090901\">Over the past week, relations between the two countries have become increasingly strained, though both sides have sent mixed signals about just how serious the fallout could be.<\/p>\n<p class=\"yf-1090901\">China accused the US last week of causing <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/www.globaltimes.cn\/page\/202510\/1345813.shtml\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:&quot;panic&quot;;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">&#8220;panic&#8221;<\/a> over Beijing&#8217;s export controls on rare earth materials, according to a <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/www.globaltimes.cn\/page\/202510\/1345813.shtml\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:report;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">report<\/a> in China&#8217;s state newspaper, the Global Times.<\/p>\n<p class=\"yf-1090901\">Trump said the US would impose an additional 100% tariff on Chinese goods starting on Nov. 1 over Beijing&#8217;s plan to impose new export controls on rare earth minerals.<\/p>\n<p class=\"yf-1090901\">Since then, however, China <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/china-hits-back-us-shipping-050709193.html\" data-ylk=\"slk:sanctioned;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">sanctioned<\/a> US units of a South Korean shipping company, while Trump <a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/115374202790006886\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:threatened;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">threatened<\/a> to further curtail trade with the country in response to its <a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-soybean-farmers-deserted-big-173856231.html\" data-ylk=\"slk:halt of US soybean purchases;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">halt of US soybean purchases<\/a>.<\/p>\n<p class=\"yf-1090901\">Read more: <a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/taxes\/article\/what-is-a-tariff-194059448.html\" data-ylk=\"slk:What Trump&#039;s tariffs mean for the economy and your wallet;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">What Trump&#8217;s tariffs mean for the economy and your wallet<\/a><\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">The US budget deficit declined for the 2025 fiscal year, due in part to a surge in tariff revenues. The deficit fell 2% for the fiscal year to $1.78 trillion, down from $1.82 trillion in 2024, according to figures released by the Treasury Department.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">The White House is <a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-nears-tariff-relief-auto-214000921.html\" data-ylk=\"slk:ready to ease;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">ready to ease<\/a> tariffs on the US auto industry, delivering a major win for carmakers who have lobbied to reduce the fallout from higher import duties. The Commerce Department is <a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-nears-tariff-relief-auto-214000921.html\" data-ylk=\"slk:set to announce;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">set to announce<\/a> a five-year extension that allows automakers to reduce what they pay in tariffs on imported car parts.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Americans are set to pay more than half of President Trump&#8217;s tariffs as companies <a data-i13n=\"cpos:14;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/goldman-sees-us-consumers-paying-094639675.html\" data-ylk=\"slk:raise;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">raise<\/a> prices, <a data-i13n=\"cpos:15;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/goldman-sees-us-consumers-paying-094639675.html\" data-ylk=\"slk:according;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">according<\/a> to Goldman Sachs.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Early next month, the US Supreme Court is set to hear a challenge to Trump&#8217;s most sweeping tariffs \u2014 the &#8220;reciprocal&#8221; country-by-country duties that you can see in the graphic above. A ruling against the tariffs \u2014 which would be in line with lower-court decisions \u2014 could have significant <a data-i13n=\"cpos:16;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/legal-threats-are-pushing-trumps-tariff-strategy-in-new-directions-dont-expect-more-certainty-130045707.html\" data-ylk=\"slk:ramifications for Trump&#039;s tariff strategy;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">ramifications for Trump&#8217;s tariff strategy<\/a>.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">New duties on kitchen cabinets and vanities took effect Oct. 1.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Tariffs on timber and certain wood products (like furniture) took effect Oct. 14.<\/p>\n<\/li>\n<\/ul>\n<p>   LIVE 54 updates <\/p>\n<ul class=\"caas-liveblog-pinned-list\" data-testid=\"pinned-blog-posts\">\n<li class=\"caas-liveblogpost yf-1ebdqmb pinned\" id=\"4a5648d9-eb48-4a64-9e0c-29e876ed18e4\" data-testid=\"blog-post\">\n<p>Trump lists top demands on China before trade talks resume <\/p>\n<p class=\"yf-1090901\">President Trump has said rare earths, fentanyl and soybeans are his top issues with China just days before Washington and Beijing head back to the negotiating table and the trade truce nears expiration.<\/p>\n<p class=\"yf-1090901\">Trump also seemed to accuse Beijing of failing to curb fentanyl exports, which is contributing to America&#8217;s opioid crisis.<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-20\/trump-says-us-will-be-fine-with-china-as-trade-talks-near\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Read more here. <\/a><\/p>\n<\/li>\n<\/ul>\n<ul class=\"liveblog-list yf-jncdpv\" data-testid=\"blog-posts\">\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"8bd43fd1-577b-4464-908f-1637d5b211a8\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/>   China Q3 GDP growth slows to 4.8% as tariffs hit\n<p class=\"yf-1090901\">China&#8217;s economic growth slowed to the weakest pace in a year in the third quarter despite a boom in exports, according to data on Monday from China\u2019s National Bureau of Statistics.<\/p>\n<p class=\"yf-1090901\">A prolonged property slump and trade tensions have hurt demand, placing pressure on policymakers to roll out more stimulus.<\/p>\n<p class=\"yf-1090901\">Monday&#8217;s dat showed that gross domestic product (GDP) grew 4.8% in July-September, slowing 5.2% in the second quarter.<\/p>\n<p class=\"yf-1090901\">Reuters reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/instant-view-china-q3-gdp-031242429.html\" data-ylk=\"slk:Read more here;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"07c43794-aae7-4d25-970e-86caa5054514\" data-testid=\"blog-post\"> Sun, October 19, 2025 at 1:00 PM UTC   Coffee break may be coming, with legislation introduced to exempt it from Trump&#8217;s tariffs\n<p class=\"yf-1090901\">The rising cost of coffee beans has pushed restaurants and coffee shops across the US to pass along those price increases to consumers, as the effects of President Donald Trump&#8217;s tariffs continue to ripple across the economy.<\/p>\n<p class=\"yf-1090901\">But there may be a break on the horizon for coffee drinkers, CNN reports, with two members of Congress introducing legislation to give coffee products an exemption.<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-tariffs-brewing-trouble-coffee-090051866.html\" data-ylk=\"slk:Read more here.;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"0088fcfd-cc92-47db-89b3-08b522399d28\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Sat, October 18, 2025 at 7:10 PM UTC   Tariff rollercoaster prompts Chinese exporters to &#8216;give up&#8217; on US\n<p class=\"yf-1090901\">Amid tense US-China trade relations Chinese exporters have given up on the US and responded to high duties by selling more goods to buyers in Europe, Latin America and the Middle East and Africa.<\/p>\n<p class=\"yf-1090901\">Reuters reports<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/tariff-rollercoaster-prompts-chinese-exporters-063800042.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"5c42a886-9eed-4506-b749-d7811555f87a\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/55efe6c0-7525-11ef-bfff-c46ef8a57120.jpeg\" alt=\"Pras Subramanian\"\/> Sat, October 18, 2025 at 5:05 PM UTC   Ulysse Nardin CEO says tariffs won&#8217;t &#8216;massively&#8217; impact the luxury Swiss watchmaker&#8217;s business\n<p class=\"yf-1090901\">As luxury Swiss watchmaker Ulysse Nardin debuted its latest high-end Freak watch at New York Watch Week, CEO Patrick Pruniaux said he&#8217;s not concerned about the impact President Trump&#8217;s tariffs may have on its bottom line, <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/author\/pras-subramanian\/\" data-ylk=\"slk:Pras Subramanian;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">Pras Subramanian <\/a>reports:<\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"ecf61d20-cef4-4afd-8772-b814df9663f5\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955322_451_dims\" alt=\"Ben Werschkul\"\/> Sat, October 18, 2025 at 2:57 PM UTC   Uncertainty over Russian oil is partly about Trump&#8217;s global tariffs\n<p class=\"yf-1090901\">Oil markets are trying to make sense of claims from Donald Trump about whether India and China will continue to purchase Russian oil, offering the latest example of how the president is willing to intertwine energy, trade, and geopolitics.<\/p>\n<p class=\"yf-1090901\">This past week has seen Trump repeatedly claim that India is soon set to buy &#8220;no oil&#8221; from Russia, which, earlier in the week, Indian officials declined to confirm.<\/p>\n<p class=\"yf-1090901\">Trump was unbowed, saying Friday at the White House, &#8220;They&#8217;ve already de-escalated.&#8221;<\/p>\n<p class=\"yf-1090901\">Equally significant as both sides navigate the oil issue is the fact that Indian officials were also in Washington this past week for the annual meetings of the IMF and World Bank, where they reportedly talked trade with the Trump administration.<\/p>\n<p class=\"yf-1090901\">On the table are 25% blanket duties on India over the issue of Russia oil purchases, on top of 25% &#8220;reciprocal&#8221; duties.<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/uncertainty-over-russian-oil-is--at-least-in-part--about-trumps-global-tariffs-133007866.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"9c31df3f-da3e-4f0f-8b61-f3ac804ad355\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955322_451_dims\" alt=\"Ben Werschkul\"\/> Fri, October 17, 2025 at 11:18 PM UTC   Trump administration offers news details of coming tariffs on trucks and buses\n<p class=\"yf-1090901\">The White House on Friday <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/10\/fact-sheet-president-donald-j-trump-addresses-the-threat-to-national-security-from-imports-of-medium-and-heavy-duty-vehicles-parts-and-buses\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:formalized;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">formalized<\/a> President Trump\u2019s plan for 25% tariffs on medium and heavy-duty trucks and offered new details about how they will work, including a sizable exception for auto parts after a flurry of truck-maker objections.<\/p>\n<p class=\"yf-1090901\">The new tariffs \u2014 set to take effect on Nov. 1 \u2014 include a topline rate of 25% on everything from box trucks to the largest trucks on the road. The new tariffs will also have a 10% rate on foreign-made buses.<\/p>\n<p class=\"yf-1090901\">The picture for trucks that use foreign parts is more complex after automakers noted that their supply chains often mean even &#8220;American-made&#8221; cars and trucks require a substantial number of foreign-made parts.<\/p>\n<p class=\"yf-1090901\">The new rules have a similar 25% top-line rate for parts but also expand the auto offset adjustment program \u2014 which was previously rolled out for consumer vehicles \u2014 to trucks.<\/p>\n<p class=\"yf-1090901\">This program allows much of an automobile&#8217;s foreign parts to be offset up to 3.75% of the final retail price.<\/p>\n<p class=\"yf-1090901\">For many automakers that are not overly reliant on foreign parts, that provision effectively wipes out the costs of tariffs completely. &#8220;The idea here is we want domestic vehicle manufacturing,&#8221; said a senior administration official briefing reporters about the details of the plan.<\/p>\n<p class=\"yf-1090901\">The move is a formalization of a promise Trump made earlier this month.<\/p>\n<p class=\"yf-1090901\">\u201cBeginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25%,\u201d <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/115328463321928109\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:he wrote on Truth Social;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">he wrote on Truth Social<\/a> on October 6.<\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"8a5e55de-3d4e-45b4-8743-f307de09508c\" data-testid=\"blog-post\"> Fri, October 17, 2025 at 7:31 PM UTC   Swiss minister speaks to Bessent, gives no sign of progress on tariffs\n<p class=\"yf-1090901\">Reuters reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.yahoo.com\/news\/articles\/swiss-minister-speaks-bessent-u-173054853.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"7d38c560-4c3c-4477-abcc-662e98e744f0\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Fri, October 17, 2025 at 6:34 PM UTC   Trump strikes deal with Merck KGaA on tariffs, IVF costs\n<p class=\"yf-1090901\">President Trump and Germany&#8217;s Merck KGaA (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/MRK.DE\" data-ylk=\"slk:MRK.DE;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">MRK.DE<\/a>) have struck a deal to provide discounted IVF drugs to the US in exchange for tariff relief.<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-strikes-deal-german-merck-200633113.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"aa867a37-0d6f-4c26-9a38-d87df8c6ac81\" data-testid=\"blog-post\"> Fri, October 17, 2025 at 2:56 PM UTC   China accuses US of undermining WTO with tariffs, sanctions\n<p class=\"yf-1090901\">China&#8217;s Ministry of Commerce said on Friday that it will escalate actions against the US at the World Trade Organization, claiming that the United States has been undermining the WTO since President Trump took office in January.<\/p>\n<p class=\"yf-1090901\">According to Reuters, China intends to scrutinize US trade policies using the WTO review process and work with members to restore a functioning appeals process for enforcing rules. The ministry alleged that US discriminatory policies, reciprocal tariffs, and unilateral sanctions violated WTO commitments.<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.yahoo.com\/news\/articles\/china-accuses-us-undermining-wto-132125299.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"c6cb130d-629e-4ffa-82f8-2cf1f72d5769\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955324_779_dims\" alt=\"Brett LoGiurato\"\/> Fri, October 17, 2025 at 12:47 PM UTC   Trump says high threatened tariff levels on China are &#8216;not sustainable&#8217;\n<p class=\"yf-1090901\">President Trump on Friday said threatened high tariffs on Chinese goods were &#8220;not sustainable,&#8221; easing fears of further trade escalation between the countries.<\/p>\n<p class=\"yf-1090901\">&#8220;But that\u2019s what the number is,&#8221; he said during an interview with Fox Business. &#8220;It\u2019s probably not [sustainable] \u2014 you know, it could stand, but they forced me to do that.&#8221;<\/p>\n<p class=\"yf-1090901\">Trump also suggested a long-planned meeting with Xi Jinping was still on track, saying he planned to meet with China&#8217;s leader in two weeks.<\/p>\n<p class=\"yf-1090901\">Watch the clip of the interview here:<\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"a30e743a-7847-4d5d-9dc0-49b5b901d772\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Fri, October 17, 2025 at 9:11 AM UTC   Tariffs help trim US deficit in first drop since COVID\n<p class=\"yf-1090901\">Tariffs have helped to trim the US deficit in the first drop seen since COVID. The US budget deficit declined for the 2025 fiscal year as tariff revenue hit a record high.<\/p>\n<p class=\"yf-1090901\">Reuters reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-budget-deficit-falls-2-191916830.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"4935fc0e-38bd-4ba9-9644-ff13fda56aa9\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Fri, October 17, 2025 at 8:21 AM UTC   US nears tariff relief for auto industry after lobbying push\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-nears-tariff-relief-auto-214000921.html\" data-ylk=\"slk:Bloomberg News reports:;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Bloomberg News reports:<\/a><\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-nears-tariff-relief-auto-214000921.html\" data-ylk=\"slk:Read more here.;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"9b877073-ccbc-4e16-b80c-e4faf9bac9af\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Fri, October 17, 2025 at 8:18 AM UTC   China: The US is &#8216;creating unnecessary misunderstanding and panic&#8217;\n<p class=\"yf-1090901\">China has <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.globaltimes.cn\/page\/202510\/1345813.shtml\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:accused;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">accused<\/a> the US of causing &#8220;panic&#8221; over Beijing&#8217;s restrictions on rare earth materials. According to the Chinese state newspaper, the Global Times, Ministry of Commerce spokesperson He Yongqian said that the US is exaggerating &#8220;China&#8217;s measures&#8221; and &#8220;<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.globaltimes.cn\/page\/202510\/1345813.shtml\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:deliberately creating unnecessary;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">deliberately creating unnecessary<\/a> misunderstanding and panic.&#8221;<\/p>\n<p class=\"yf-1090901\">These latest comments from China follow a week-long war of words between Washington and Beijing. It began with China restricting rare earth exports, followed by Beijing announcing it would investigate US chipmaker Qualcomm (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/QCOM\" data-ylk=\"slk:QCOM;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">QCOM<\/a>) and placing restrictions on Nvidia (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">NVDA<\/a>) chips. President Trump responded last week Friday and said he would put an additional 100% tariffs on China.<\/p>\n<p class=\"yf-1090901\">&#8220;The US has long exercised extraterritorial jurisdiction \u2014 it began decades ago,&#8221; she continued. &#8220;Since 2022, Washington has repeatedly imposed semiconductor export restrictions targeting China, abusing the &#8216;foreign direct product rule&#8217; and zero-threshold content rules to pressure other countries into containing China,&#8221; Yongqian <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/www.globaltimes.cn\/page\/202510\/1345813.shtml\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:said;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">said<\/a>.<\/p>\n<p class=\"yf-1090901\">&#8220;The accusations from the US reveal that the US is projecting its own behavior onto others. Safeguarding global supply chain security and stability requires joint efforts from all nations, including the US.&#8221;<\/p>\n<p class=\"yf-1090901\">China has <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/www.globaltimes.cn\/page\/202510\/1345813.shtml\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:indicated;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">indicated<\/a> that they are open to talks, despite Trump confirming this week that the countries are &#8220;in&#8221; a trade war.<\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"a591c4e7-9cdb-4b8f-9135-4be6fc09e594\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Fri, October 17, 2025 at 1:10 AM UTC   US and Canada weigh revival of \u2018zombie\u2019 Keystone XL pipeline in trade talks\n<p class=\"yf-1090901\">As part of a trade deal, the US and Canada are weighing the option of reviving a controversial oil pipeline, which could be used as a bargaining tool to ease some of the tariff tensions of President Trump&#8217;s steel and aluminum duties.<\/p>\n<p class=\"yf-1090901\">The FT reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-canada-weigh-revival-zombie-100004876.html\" data-ylk=\"slk:Read more here.;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"679d8496-aff6-4095-b101-b0b6b1c66dfd\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Thu, October 16, 2025 at 9:30 PM UTC   Xi&#8217;s rare earth shock gives Trump a chance to win over US allies\n<p class=\"yf-1090901\">President Trump&#8217;s &#8220;Liberation Day&#8221; tariffs alienated longtime allies and allowed China to build stronger relations with the world. However, since Beijing introduced export restrictions on rare earths, the tables might finally be turning in Trump&#8217;s favor.<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/xi-rare-earth-shock-gives-093000521.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"a139ddcc-10dc-42e5-b190-f601961db9ad\" data-testid=\"blog-post\"> Thu, October 16, 2025 at 8:58 PM UTC   Trump strikes deal with Merck on tariffs and IVF drugs\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-strikes-deal-german-merck-200633113.html\" data-ylk=\"slk:Bloomberg reports;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Bloomberg reports<\/a>:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-strikes-deal-german-merck-200633113.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"34d7ccef-8436-4396-be6f-73d504effe0b\" data-testid=\"blog-post\"> Thu, October 16, 2025 at 5:26 PM UTC   Ontario premier threatens to cut off supply of potash, critical minerals amid trade war\n<p class=\"yf-1090901\">Ontario Premier Doug Ford said on Thursday that Canada could cut off the flow of critical minerals, uranium, and potash to the United States if President Trump continues to threaten the country&#8217;s economy.<\/p>\n<p class=\"yf-1090901\">\u201cWe will not send a grain of critical minerals down there as long as we&#8217;re under constant attack by President Trump,\u201d Ford said, as reported by Yahoo Finance Canada&#8217;s <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/ca.finance.yahoo.com\/author\/jeff-lagerquist\" data-ylk=\"slk:Jeff Lagerquist;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">Jeff Lagerquist<\/a>. \u201cI&#8217;d love to send them down to our neighbours, but it&#8217;s not going to happen.\u201d<\/p>\n<p class=\"yf-1090901\">Ford emphasized the US&#8217;s reliance on potash, which is used as a fertilizer, saying that US farmers would be &#8220;devastated&#8221; if Canada were to cut off the supply. He also spoke of the US&#8217;s reliance on critical minerals and uranium to build data centers for the adoption of artificial intelligence.<\/p>\n<p class=\"yf-1090901\">\u201cThey&#8217;re in desperate need of our energy,\u201d Ford said. \u201cUranium gets shipped from Saskatchewan over to Port Hope in Ontario, gets refined here, and then gets enriched down in the U.S. They have 94 turbines that rely on Canadian uranium.\u201d<\/p>\n<p class=\"yf-1090901\">Ford&#8217;s comments came after Stellantis (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/STLA\" data-ylk=\"slk:STLA;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">STLA<\/a>) announced it was moving Jeep production from Ontario to Illinois, which Canada&#8217;s Prime Minister Mark Carney attributed to the tariffs the US imposed on<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/ca.finance.yahoo.com\/news\/trump-trade-war-canada-could-leverage-uranium-potash-and-critical-minerals-says-ontarios-premier-153935235.html\" data-ylk=\"slk:Read more here.;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"51e090ea-f9a2-47f0-91d6-d0d225e8d531\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Thu, October 16, 2025 at 2:46 PM UTC   India: We are &#8216;not aware of any conversation between&#8217; Modi and Trump\n<p class=\"yf-1090901\">India&#8217;s foreign ministry said on Thursday that it is unaware of any conversation between Prime Minister Modi and President Trump around New Delhi reducing its Russian oil buys and stepping up its purchase of US crude oil and natural gas.<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/india-says-unaware-trump-modi-124309164.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"24513a59-0faa-436e-9e77-07aa708b24f9\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/1760955319_282_dims\" alt=\"Jenny McCall\"\/> Thu, October 16, 2025 at 12:47 PM UTC   Global CEOs to meet Chinese trade negotiator as tensions linger\n<p class=\"yf-1090901\">Global CEOs, such as Apple&#8217;s (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AAPL\" data-ylk=\"slk:AAPL;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">AAPL<\/a>) Tim Cook are expected to meet with Chinese negotiator He Lifeng in Beijing this week, according to people familiar with the matter. The sit down comes at a time when trade tensions between the US and China are rising, with Beijing restricting exports of rare earths and President Trump threatening China with an additional 100% tariffs.<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/global-ceos-meet-chinese-trade-040833928.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"President Trump announced his list of demands for China on Sunday, citing rare earths, fentanyl and soybeans as&hellip;\n","protected":false},"author":2,"featured_media":495041,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[1395,167992,1551,479,49,978,659],"class_list":{"0":"post-514112","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-china","9":"tag-fox-business","10":"tag-president-trump","11":"tag-tariffs","12":"tag-united-states","13":"tag-us","14":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115405975711980670","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/514112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=514112"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/514112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/495041"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=514112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=514112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=514112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}