Trade

• President Trump en Chinese leider Xi Jinping hebben hoogbespreken gevoerd in Peking, waarbij de focus lag op het oplossen van escalerende handelsspanningen, technologische concurrentie en het coördineren van reacties op ontwikkelingen in het Midden-Oosten. • De twee leiders bespraken het terugdraaien van tarieven, beperkingen aan de toeleveringsketen van halfgeleiders en potentiële gezamenlijke initiatieven voor de regulering van kunstmatige intelligentie, waarbij beide landen probeerden verdere economische verslechtering te voorkomen. • De top markeert een kritiek keerpunt in de relaties tussen de VS en China, waarbij waarnemers opmerken dat de bereikte overeenkomsten de wereldwijde handelsdynamiek kunnen hervormen en de koers van de bredere geopolitieke concurrentie kunnen beïnvloeden.

• Amerikaanse president zegt dat hij en zijn Chinese tegenhanger elkaar 'al lange tijd kennen' en dat Xi een 'geweldige leider' is • Trump in Peking – laatste updates • Vijf kernpunten voor de Xi-Trump top

• Amerikaanse president Donald Trump arriveerde op 13 mei 2026 in Beijing voor een staatsbezoek en gesprekken op hoog niveau met de Chinese president Xi Jinping over belangrijke bilaterale en mondiale kwesties. • Belangrijke agendapunten zijn de handelsgeschillen tussen de VS en China, toeleveringsketens van zeldzame aardmetalen, de politieke status van Taiwan, de concurrentie op het gebied van kunstmatige intelligentie en het aanhoudende conflict in Iran. • De top is een cruciale diplomatische ontmoeting die erop gericht is de strategische concurrentie tussen de VS en China te beheersen en de risico's op militaire escalatie te verminderen.

Voorafgaand aan de cruciale gesprekken is de beveiliging in Peking verscherpt, aangezien de Amerikaanse president Xi zal ontmoeten in de Grote Volkszaal. • De Trump-Xi top zal twee dagen duren. • De top stond oorspronkelijk gepland voor eind maart of begin april, maar werd uitgesteld vanwege de oorlog in Iran. • Nu Trump in China is, zijn dit enkele van de risico's waar de Amerikaanse president voor staat. Lees verder...

• Handelsonderhandelaars onder leiding van Amerikaans Minister van Financiën Scott Bessent en Chinees vice-premier He Lifeng hielden woensdag besprekingen in Seoul ter voorbereiding op een top tussen Donald Trump en Xi Jinping. • De bijeenkomst is bedoeld om de spanningen te verminderen voorafgaand aan de gesprekken van de leiders van 13 tot 15 mei, wat het eerste bezoek van een Amerikaanse president aan Beijing in bijna een decennium is. • Dit is van belang omdat de twee economieën proberen handelsgeschillen en geopolitieke gevolgen te beheersen, terwijl ze verdere escalatie willen vermijden.

• Het is de eerste keer in bijna een decennium dat een Amerikaanse president China bezoekt, waarbij het laatste bezoek dat van Trump was in 2017. • Welkom bij onze live verslaggeving van de Amerikaanse politiek. Donald Trump staat gepland om deze week naar China te reizen voor een ontmoeting met Xi Jinping, de leider van China. • Gezien alles wat er tot nu toe is gebeurd in de tweede termijn van Trump – een handelsoorlog en vervolgens een daadwerkelijke oorlog met Iran die heeft geleid tot wereldwijd explosief stijgende olie- en gasprijzen – zal de sfeer van dit bezoek waarschijnlijk heel anders zijn.

• Amerikaanse president Donald Trump arriveert woensdag in Peking voor tweedaagse gesprekken met Chinese leider Xi Jinping; dit is hun eerste face-to-face ontmoeting in meer dan zes maanden te midden van gespannen banden. • Volgens Amerikaanse functionarissen zullen de discussies gaan over Iran, spanningen rond Taiwan, kunstmatige intelligentie, kernwapens en de mogelijke verlenging van een overeenkomst over kritieke mineralen. • De top heeft als doel de betrekkingen tussen de twee grootste economieën ter wereld te stabiliseren, die onder druk staan door de voortdurende Amerikaans-Israëlische oorlog met Iran, handelsgeschillen en tariefdreigingen uit Trumps eerste termijn.

• China Daily highlights the Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement, as increasingly vital for anchoring growth across Asia amid global uncertainties. • Covering 30% of global GDP and population, RCEP facilitates deeper supply chain integration and tariff reductions among 15 member nations including China, Japan, South Korea, ASEAN countries, and Australia. • The pact's expansion of trade rules supports resilience against trade wars and economic slowdowns, boosting intra-Asian commerce by an estimated 10-15% in key sectors.

• The Trade Desk reported Q1 2026 revenue of $688.86 million, up 12% year-over-year and beating consensus estimates of $678 million. • Adjusted EBITDA reached $206 million with a 30% margin, down from 34% in Q1 2025, while adjusted EPS of $0.28 missed the $0.32 forecast. • Shares fell 1.75% to $23.08 on May 7, now down 77.62% from the 52-week high of $91.45, as CEO Jeff Green cited macroeconomic complexities.

• The Association of Southeast Asian Nations (ASEAN) has pledged to adopt a zero-tolerance approach to the illicit narcotics trade as part of broader efforts to establish a drug-free region across Southeast Asia. • The commitment was announced during the 48th ASEAN Summit in Cebu, Philippines, reflecting unified regional policy against narcotics trafficking and consumption. • The drug-free initiative represents a significant coordinated effort among ASEAN member states including Indonesia, Myanmar, Philippines, Singapore, Thailand, and Vietnam to combat organized crime networks and reduce substance abuse.

• Shares in South Korea and Taiwan have rallied the most globally this month, with South Korea's Kospi index surging 78% year-to-date amid optimism for tech-driven gains. • Traders are positioning for Asia's technology leaders to lead the next phase of the worldwide stocks rally, focusing on semiconductor and electronics firms in these markets. • The outperformance underscores Asia's pivotal role in global equities, potentially sustaining momentum if U.S. and European markets stabilize.

US leader enters talks with superpower rival from vulnerable position, but will be hoping for economic wins amid turbulent backdropIf all goes to plan over the next few days – and that is a big if – Donald Trump will arrive in Beijing on Wednesday for a highly anticipated summit with Xi Jinping, China’s leader.The trip will mark the first time a US president has visited China in nearly a decade. The last visit was also made by Trump, during his first term, in 2017. Continue reading...

• Soybean farmers Scott Gaffner from Illinois and Cordt Holub from Iowa pleaded with President Trump to finalize a soybean deal at his upcoming China summit. • They highlighted impacts of high diesel prices and market uncertainty on US agriculture amid trade tensions. • The appeal comes as Trump prepares to meet Xi Jinping, seeking to stabilize farm exports critical to rural economies.

• Federal officials are investigating at least four suspicious trades potentially tied to insider knowledge of U.S.-Iran developments. • Sources confirm the trades involved large positions in oil futures ahead of recent Strait of Hormuz tensions. • This probe highlights risks of market manipulation during global conflicts, with implications for financial regulations.

• A U.S. trade court declared President Trump's proposed 10% tariffs on global imports unlawful, marking a significant legal setback for his trade agenda. • The ruling, issued within the past 2 hours, stems from challenges by importers arguing the tariffs exceed presidential authority under existing trade laws. • This decision matters as it disrupts Trump's strategy to pressure trading partners like China and the EU amid escalating tensions over the Strait of Hormuz.

• A federal trade court overturned an administration ruling that had blocked grant restoration, overturning a previous district judge's injunction regarding federal aid programs. • The decision requires the administration to restore the flow of contested grants, marking a judicial victory for grant recipients and advocacy groups challenging the policy. • The ruling impacts federal funding distribution and suggests courts are actively reviewing Trump administration decisions affecting federal spending programs.

• A Pentagon administrative error revealed flaws in implementation of the Trump-Xi trade ceasefire agreement, according to May 7, 2026 analysis on PBS NewsHour. • The blacklist fumble suggests coordination breakdowns between US military and trade policy officials regarding China sanctions enforcement. • Michael Shepard noted that the error undermines confidence in both governments' ability to maintain the fragile truce and raises questions about enforcement mechanisms.

• President Trump announced a July 4, 2026 deadline for the European Union to reach a comprehensive trade deal, according to remarks made during a Tuesday morning interview. • The ultimatum signals Trump's intent to accelerate trade negotiations and establish concrete timelines for resolving transatlantic trade disputes. • The deadline creates urgency for EU officials to engage in substantive negotiations, though some analysts question whether the timeframe is realistic given the complexity of trade agreements.

• The US Trade Court ruled on May 7, 2026, that President Trump's latest 10% tariffs violate constitutional authority, representing a significant legal setback for the administration's trade policy. • The court's decision directly challenges Trump's tariff authority and could force the administration to modify or justify its trade measures through Congress. • The ruling comes as Trump has set a July 4 deadline for the EU to reach a trade deal, creating pressure on both domestic and international trade negotiations.

Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementationDonald Trump has said the EU must ratify its trade deal with the US by 4 July or face “much higher” tariffs, after European officials fell short of agreement on the pact.Trump said he spoke to the EU chief, Ursula von der Leyen, about the issue and, he posted on his Truth Social platform, “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. Continue reading...

Trump also issues new deadline for EU to implement trade deal terms before raising tariffs to ‘much higher levels’The US trade court on Thursday ruled against Donald Trump’s latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law.The US Court of International Trade ruled in favor of small businesses that challenged the tariffs, which took effect on 24 February. The ruling was 2-1, with one judge saying it was premature to grant victory to the small business plaintiffs. Continue reading...

Glyphosate is currently sprayed on cereal and pulse crops to dessicate them and make them easier to harvestA new trade deal with the EU could lead to restrictions on the use of the controversial weedkiller glyphosate on UK food crops.The full-spectrum herbicide, which kills almost every plant it touches, is often sprayed on wheat, oats and other cereal and pulse crops immediately before harvest to desiccate them and make them easier to handle. Continue reading...

Company pushes for lower excise and claims threats warrant secrecy, while critics say it has ‘no interest in public health or safety’Get our breaking news email, free app or daily news podcastTobacco giant Philip Morris told a secret Senate hearing that soaring trade in illegal cigarettes would wipe out legal products in Australia as soon as 2030, claiming executives’ identities should be kept secret because of threats from organised crime.Labor criticised Coalition MPs for allowing the company to give evidence to an inquiry on illegal tobacco in a closed-door session in Canberra on Monday, ending more than 15 years of precedent under a World Health Organization (WHO) agreement. Continue reading...

• Vietnam and China are strengthening bilateral relations with increased trade flows and Chinese investment in Vietnam's economy, signaling closer geopolitical alignment in Southeast Asia. • The deepening ties reflect Vietnam's strategic repositioning amid regional power dynamics and economic interdependence with its northern neighbor. • The development has implications for ASEAN cohesion and regional balance of power, particularly regarding competing claims in the South China Sea and great power competition in the region.

• Singapore and New Zealand signed the world's first legally binding bilateral agreement to maintain flows of essential supplies including food, fuel, healthcare products, and construction materials during crises, witnessed by both prime ministers at the Singapore-New Zealand Annual Leaders' Meeting. • The Agreement on Trade in Essential Supplies commits both governments not to impose unnecessary export restrictions on agreed essential goods and establishes a framework for facilitating goods movement and information sharing during supply chain disruptions. • The agreement will be incorporated into the existing free trade agreement between the two countries after domestic procedures are completed, providing businesses and consumers with greater confidence and supply chain stability in the region.

• Hangeng Trade Company has ceased operations at Pakistan's Gwadar port, citing an 'unfit business environment,' operational hurdles, financial losses, and stuck shipments despite government contact. • The closure reflects escalating security challenges in Balochistan, where the Balochistan Liberation Army (BLA) has launched multiple attacks on Chinese nationals and China-Pakistan Economic Corridor (CPEC) projects since 2021. • The development raises concerns for China's $62 billion CPEC investment in Pakistan and threatens the viability of Gwadar as a strategic hub for Beijing's Arabian Sea access, potentially impacting regional connectivity and investment flows.

• New Zealand Prime Minister Christopher Luxon is in Singapore to formalize a fuel-for-food arrangement aimed at protecting NZ during crises. • The deal emphasizes trade resilience as security issues overshadow economic interdependence, per Luxon's statements. • It underscores bilateral efforts to navigate global volatility through resource swaps and stronger ties.

• President Trump announced a 25% tariff on European Union automobiles, citing the bloc's failure to comply with existing trade agreements. • The administration claims the EU breached trade terms, prompting the tariff increase as a enforcement mechanism. • The move escalates trade tensions between the US and EU, potentially affecting auto manufacturers and consumers across both regions.