Bessent also accused previous US governments of being "asleep at the switch" as Beijing spent years putting together its rare earths strategy.

The former Treasury secretary said the meeting could have had "unfortunate and destabilizing outcomes" if it had gone downhill.

US President Donald Trump's tariffs are under legal scrutiny but are likely to remain. Companies face supply chain disruptions and rising costs. The Supreme Court's decision on emergency law tariffs ...

Donald Trump and Xi Jinping held a bilateral meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, ...

Trump employs various legal authorities to impose tariffs * If emergency law disallowed, other tariff paths remain * Countries negotiate trade deals to mitigate tariff impact * Tariffs strain ...

The U.S. said Beijing will take steps to allow the Chinese facilities of Dutch chipmaker Nexperia BV to resume shipments, easing worries about chip shipments that threatened auto production.

"The president was able to push back using his IEEPA powers. If that's not use of an emergency power at an emergency time, I ...

The president’s trade truce with China has lowered U.S. tariffs to a level that could pause a longer-term effort to reduce America’s dependence on Beijing.

Nexperia chips are vital in car production and there were concerns from manufacturers about the damage a shortage could have.

The challenge for the U.S. is to make sure that Beijing takes action—and sustains its cooperation, particularly when it has ...

The U.S. and China have reached a deal to de-escalate their trade war, with the U.S. reducing tariffs and China pausing rare earth export controls. Key points include China's soybean purchases and ...