#USChinaTradeTalks

#USChinaTradeTalks – Key Highlights:

1. US-China trade reached $575B in 2023, but tensions remain high.

2. Biden maintains Trump-era tariffs on $370B worth of Chinese goods.

3. China hits back with tariffs targeting US tech and agricultural products.

4. The US promotes “de-risking” rather than a complete economic decoupling.

5. China’s exports rose 7.6% in May 2024, though US demand continues to weaken.

6. The US bans Chinese electric vehicles citing national security concerns.

7. China imposes export restrictions on graphite and rare earths, vital for tech manufacturing.

8. BYD surpasses Tesla in global EV sales.

9. The US blocks NVIDIA’s AI chip exports to China.

10. Huawei develops 7nm chips despite ongoing sanctions.

11. TikTok faces a US ban unless its ownership changes.

12. US companies increasingly shift supply chains to India and Vietnam.

13. The Chinese yuan weakens amid rising capital outflows.

14. The US considers new tariffs on Chinese steel.

15. Trade negotiations stall as geopolitical tensions escalate.