World Business Report Can the US and China find common ground?
Jul 29, 2025
Trade negotiations between the US and China take center stage, revealing complexities and the quest for common ground. The IMF raises global growth forecasts, yet concerns loom over trade implications for various economies. Lesotho faces dire economic challenges due to potential US tariffs, threatening local jobs and industries. Insights into the intricate US-China business relations highlight the need for cooperation, while the competitive landscape for pharmaceuticals adds another layer of complexity. It's a blend of hope, uncertainty, and stark realities in the global economy.
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China's Patient Trade Strategy
- China values continued dialogue with the US and considers ongoing talks a positive sign.
- They prefer a thoughtful, patient approach over rushing to a quick trade deal.
China's Leverage in Negotiations
- China holds strategic advantages like control of rare earth exports important to the US.
- These leverage points allow China not to rush agreements.
Mutual Dependence in US-China Trade
- Both the US and China recognize the mutual need for market access.
- Negotiations center on balancing trade benefits with national security concerns.