China, Trump and U.S
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Fresh off his announcement of securing a trade deal with the European Union, President Donald Trump hopes he can do the same with China.
4don MSN
China and the European Union have issued a joint call to action on climate change during a tense summit in Beijing.
Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce and President Donald Trump's shorter deadline for Russia to end the Ukraine war.
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Asian shares are mostly lower as some of the euphoria fizzles out over a tariff deal with Japan as proposed recently by President Donald Trump.
China has accused some European Parliament members of "grossly interfering" in its internal affairs following a meeting between European lawmakers and Taiwanese President Lai Ching-te last week.
The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.
EU Commission President Ursula von der Leyen, who constantly accuses the US of harming all sides with its tariffs, threatened China with Trump-style tariffs.
Leaders at a summit in Beijing split over Ukraine and many trade issues. They came together with small steps on climate change and critical minerals.
As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.