Scott Bessent says Trump's China trade talks 'stalled'
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BEIJING (Reuters) -China has protested to the United States over "vilifying" remarks made by Defense Secretary Pete Hegseth, the foreign ministry said on Sunday, while accusing it of deliberately ignoring calls for peace from regional nations.
US Defense Secretary Pete Hegseth on Saturday delivered a dire warning to the Asia-Pacific region and the world: China’s designs on Taiwan pose a threat to global peace and stability that requires “our allies and partners do their part on defense.
Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),
President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.
China will not send its defense minister to this year’s Shangri-La Dialogue, shunning a chance to meet his US and Asian counterparts as tensions simmer with Washington.
Stocks were volatile to end the week and the month amid concerns a trade truce between the U.S. and China is splintering.
China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.
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(Reuters) - Investors piled up bullish bets on Asian currencies, including the yuan, as easing U.S.-China tariff tensions, new trade deals and a growing unease with U.S. policies prompted them to pull out of dollar assets, a Reuters poll showed on Thursday.
China is threatening legal action against anyone enforcing the U.S.' recent guidelines against using Huawei's AI chips.