China appoints a new trade negotiator during tariff fight with the US
China appoints a new trade negotiator during tariff fight with the US
Li Chenggang, a former assistant commerce minister, will replace Wang Shouwen as trade tensions heat up between Beijing and Washington.
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Tensions are boiling over as top U.S. officials land in London for a high-stakes trade showdown with global consequences. U.S President Donald Trump announces urgent talks with U.K. leaders amid escalating clashes with China over semiconductors, student visas, and stalled rare earth exports. With $582 billion in U.S.-U.K. trade at risk, Beijing accuses Washington of betrayal and economic sabotage. As the world watches closely, will Trump's aggressive tactics strengthen Western alliances—or backfire?
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The EU has raised alarms over severe disruptions caused by China’s rare earth export restrictions, which have slashed supplies to key industries, including auto manufacturing. Exports to Germany halved in April, prompting emergency talks between EU officials and China’s commerce ministry. Beijing’s opaque and security-heavy licensing system is delaying shipments and pushing prices 4–7 times higher. The U.S. has accused China of violating trade agreements, as manufacturers in both the EU and U.S. now face critical material shortages.
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