US CHINA TRADE RELATIONS
Yuan holds firm against dollar as seasonal corporate selling offsets greenback strength
China's yuan remained stable against the US dollar as seasonal year-end dollar sales by exporters offset greenback strength following robust US jobs data. Beijing's efforts to manage currency appreciation, alongside foreign exchange reserve adjustments, supported stability. Meanwhile, inflation trends and subdued domestic demand continued influencing monetary policy and currency movements.
China extends suspension of 24% tariffs on US goods by two months, retains 10% duty
China announced its decision to prolong the suspension of the extra 24% tariffs on US goods by two more months, keeping the 10% duty on American imports in place. This extension comes in light of a prior agreement made between the leaders of both nations, effective from November 10, 2025. The recent announcement signifies ongoing trade discussions and the complexities involved in US-China economic ties.
US midterm results may give India trade leverage, but tariff and AI risks remain
The US midterm results may give India some room in trade negotiations by increasing congressional scrutiny of executive action, but they do not remove tariff risks or alter Washington's strategic priorities. AI investment is also unlikely to retreat, with capital expected to remain within the US rather than shift significantly to emerging markets.
China confirms discussions are underway on a historic Xi-Trump-Putin meeting
Beijing has officially indicated it is coordinating a meeting between the leaders of China, the U.S., and Russia. This historic gathering may take place in Shenzhen later this month during a regional summit. Experts suggest the discussions will likely be superficial and primarily focused on optics rather than substantive issues. Both the U.S. and China are dealing with ongoing trade tensions and disagreements over multiple topics.
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Pakistan more loyal to China than the dragon is to itself: Brahma Chellaney highlights curious case of Taiwan airline ban and a u-turn in 24 hours
Pakistan’s one-day restriction on Taiwanese airlines using its airspace has drawn attention to Islamabad’s close alignment with Beijing. Geopolitical commentator Brahma Chellaney said the move, reversed after China reportedly expressed surprise, showed Pakistan attempting to defend Chinese interests more aggressively than China itself.
Yuan set for first weekly loss in six weeks as equity rout dents sentiment
China’s yuan headed for its first weekly decline in six weeks as weaker PBOC guidance and a sharp equity selloff hurt sentiment. While the central bank appears wary of rapid appreciation, seasonal exporter conversions could support the currency toward year-end.
China cleantech stocks surge on hopes of stronger US clean energy support
Chinese cleantech stocks rallied on Thursday as Democrats' strong US midterm election performance fuelled hopes of stronger support for renewable energy. Investors expect potential policy shifts to benefit solar, battery and clean energy companies, although existing US tariffs and trade restrictions could limit Chinese exporters' access to the American market.
Donald Trump's political humbling after US midterms signals short-term gain, long-term pain for China
Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.
Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with Trump
Democrats' takeover of both chambers of the US Congress could ease pressure on India in trade negotiations with the Trump administration, experts said. Greater Congressional scrutiny of tariffs may create opportunities for Indian exporters, although the existing 18% tariff is unlikely to change immediately and the bilateral trade agreement could face delays.
What the midterms elections mean for US-China ties
A recent victory for Democrats in the US midterm elections may reshape relationships with China in several ways. Control of Congress allows them to limit President Donald Trump's tariffs on Chinese products, which may influence ongoing trade negotiations. Taiwan could become a critical issue, especially if Democrats push for arms sales to support the island. Beijing might perceive Trump’s weakened political status as an opportunity to apply pressure on him.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
Democratic wave in US midterm elections weakens Trump at home, opens a new front for India-US ties in Congress
The recent US midterm elections saw the Democratic Party gain significant power in the Senate and House. This shift reflects widespread dissatisfaction with the current Republican leadership and its policies. President Trump's influence over the Republican Party may decline following this electoral outcome. Key policy decisions regarding foreign affairs, including relations with Iran, could be affected by these changes.
US midterm elections: China says it will continue working with America
China has reacted carefully to the Democratic Party's gains in the recent US midterm elections. The Chinese Foreign Ministry stated that it remains committed to cooperation with the US despite political changes. Chinese President Xi Jinping and US President Donald Trump have met twice this year to enhance strategic stability. Beijing is also discussing a potential trilateral meeting with the US and Russia at the upcoming APEC summit.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
US midterm election results 2026: India sees some trade relief, new risks after US midterm vote
Indian officials are cautiously optimistic about the recent US midterm election results and their implications. While the election reduces trade tension, it introduces new uncertainties for US-India relations. Analysts suggest it is too early to gauge the long-term effects of these political changes. The potential for increased tariffs still looms due to ongoing investigations.
China stocks struggle near one-year lows despite fresh government support measures
Chinese stocks struggled near one-year lows despite fresh government measures to support the market, as investors remained cautious ahead of the US midterm elections. Concerns over China's economic outlook and technology stocks continued to weigh on sentiment.
India to make tunnel boring machines at home if China curbs exports: Piyush Goyal
India is gearing up to start producing its own tunnel boring machines if China decides to limit its exports. This statement came from Piyush Goyal, India's trade minister, after Beijing made its recent announcement. It highlights India’s plan to not rely on foreign supplies and enhance its domestic manufacturing capabilities in this crucial area.
Trump set for midterm test: What's in store for India, Iran, Ukraine after November 4?
US midterm election 2026: American voters' sentiments about rising prices could affect Trump's standing in trade discussions. Congressional control will determine the scrutiny over Trump's actions regarding Iran and Ukraine. India will, however, continue navigating uncertainties in trade relations regardless of the election results.
Chinese yuan set for biggest daily drop in six months after PBOC tightens FX reserves
China's yuan weakened against the US dollar after the PBOC raised the foreign exchange reserve requirement ratio to curb rapid currency appreciation. The move comes amid concerns over export competitiveness and follows strong gains in the yuan during October.
China’s 5,000-ton digging machines are a trade war risk to India
China is tightening export controls on tunnel-boring machines and other specialised construction equipment, raising concerns that the restrictions could disrupt India's infrastructure projects, particularly along the disputed Himalayan border.
Canadian Prime Minister Carney reports progress in trade talks with Trump days before US midterms
Canadian Prime Minister Mark Carney reported a productive discussion regarding a potential trade deal with U.S. President Donald Trump. The conversation aimed to create jobs, lower family costs, and protect Canadian sovereignty. Negotiators from both sides will continue working over the coming weeks toward an agreement. Trade relations remain tense as discussions include U.S. tariffs on Canadian steel and automobiles.
China trade accord with Swiss bucks wider trend towards protectionism
Chinese President Xi Jinping and Swiss President Guy Parmelin are set to sign a significant trade deal. The accord offers Switzerland extensive market access to China, enhancing the trade relationship between the two nations. This agreement notably contrasts with increasing trade barriers established by the United States and the European Union. Swiss officials believe this deal will provide stability in a volatile global trade environment.
Hegseth likely to face questions on US role in Indo-Pacific at ASEAN summit
US Defense Secretary Pete Hegseth is scheduled to meet with Southeast Asian counterparts in the Philippines soon. Discussions will focus on US commitments in the Indo-Pacific region amid ongoing tensions from the Iran war. Southeast Asian leaders seek clarity regarding the impact of the Iran conflict on US military readiness and alliances. Issues like energy security and cooperation with China are also on the agenda.
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