Fresh US-China trade negotiations began in Seoul at Incheon International Airport, just hours before President Donald Trump lands in Beijing for talks with Xi Jinping. Led by Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent, the meeting comes as the parties prepare to review tariff and export-control tensions, including a critical minerals-related suspension expected to expire in November. The agenda also reportedly covers US soybeans and beef, plus aircraft export controls—while the third-month US-Israeli war on Iran and its shipping and price impacts loom large.
India is expecting a US trade delegation for the next round of talks covering all pending issues, including the Section 301 probe. Washington launched the investigation in March, citing India’s alleged excess capacity in multiple sectors. Officials say any proposed trade deal will not move forward until the probe reaches a conclusion, keeping negotiations in limbo.
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India and Peru are set to restart free trade discussions in June, with officials suggesting a deal could be wrapped up by year end. Peru is also in talks with India over critical minerals, while Indian firms are seeking steadier copper supplies. With India’s copper demand projected to surge, the negotiations could reshape access to key raw materials.
China’s Vice Premier He Lifeng will meet US officials for trade consultations in South Korea next week, Chinese state media reported. The talks are set for Tuesday and Wednesday and aim to address “mutual trade issues.” The announcement follows expectations of a separate summit between Xi Jinping and Donald Trump, heightening focus on the next round of negotiations.
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