China News Updates

The Quad group is a key strategic partnership for cooperation on maritime security, supply chains and regional strategy as China expands its military and economic influence.

The agreements offer some hope to American farmers harmed by the trade war as they saw a major export market for soybeans and other products dry up.

China shares the goal of reopening the Strait of Hormuz with the U.S., though there was no sign of a breakthrough between the superpowers on how to achieve that.

Brent crude, the international standard, rose 3.3% to settle at $109.26 per barrel.

Yet trade ambassador Jamieson Greer said the two sides had discussed creating a “Board of Trade” that would see tariffs reduced on $30 billion in noncritical goods.

Brent crude, the international standard, fell 0.1% to $105.54 per barrel.

The price for a barrel of Brent crude slipped 0.9% to $106.84.

President Donald Trump said he would prioritize trade discussions over the Iran war during his summit with Chinese counterpart Xi Jinping.

President Trump is forging ahead with plans to hold a summit with counterpart Xi Jinping next week in Beijing despite unease in China over the Iran war.

The price for a barrel of Brent crude oil, the international standard, sank 7.3% to $101.90, down from more than $115 early this week.