China News Updates

The buying splurge is being spearheaded by China’s state-owned agricultural traders, with the private sector largely sitting on the sidelines because the trade isn’t commercially viable.

Treasury Secretary Scott Bessent said he held a call July 30 with Chinese Vice Premier He Lifeng to lay the groundwork for Xi Jinping’s U.S. visit in September.

Mercedes-Benz Group CEO Ola Källenius expects the fierce pricing competition in the Chinese car market to stick around for years to come.

The goal is to preserve preferential treatment for steel produced in the U.S., Mexico and Canada, while applying a common external barrier to China.

By pointing out that the current replacement tariff is 12.5%, Beijing appeared to signal that the U.S. has 7.5 percentage points of room for additional increases before reaching the stated ceiling.

Ford and Geely agreed to form a joint venture at the U.S. carmaker’s underused factory in Spain to co-develop EVs and bring four new models to the plant.

A Senate panel advanced legislation that could eventually ban the sale of Mercedes-Benz's vehicles in the U.S. over the automaker’s partial Chinese ownership.

The number of Chinese truck companies operating in Mexico has surged, creating fresh tension as Mexican negotiators seek relief from U.S. tariffs.

The U.S. Department of Agriculture on July 8 reported sales of 472,000 metric tons of soybeans for delivery to China.

State-owned firm Cofco has booked at least six cargoes of U.S. soybeans for loading between September and October, Bloomberg reported.