ISDS Case Map
China
US President Donald Trump significantly reduced tariffs on Chinese goods signaling a shift toward renewed trade negotiations with China. While some ASEAN nations are engaging in negotiations and considering concessions, uncertainty remains over the US’s long-term trade strategy and its pressure to limit economic ties with China.
The United States and China announced a joint agreement to dramatically slash reciprocal tariffs as Washington and Beijing seek to end a trade war that for months has upended the global economy and set financial markets teetering on collapse.
The new agreement after its signing will replace a similar one that was enforced in 2006.
The United States and China will hold talks to de-escalate trade tensions, in the first known high-level in-person contact between representatives of the world's two largest economies since President Donald Trump unleashed hefty tariffs on imports.
China has signaled a slight softening in its stance by stating it is "currently assessing" US proposals to start trade talks, potentially opening the door for negotiations amid ongoing tariff tensions. While Beijing insists that the US must show "genuine sincerity" by removing its unilateral tariffs first, it remains open to dialogue.
Sri Lanka and China have agreed to work toward an early conclusion of a comprehensive free trade agreement, both countries said in a joint statement.
China and Switzerland have reiterated their willingness to accelerate negotiations on upgrading their bilateral Free Trade Agreement.
President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.
China’s Xi is making the case for free trade as he tours Southeast Asia this week, presenting China as a source of “stability and certainty.”
The European Union’s top trade official is set to travel to Australia soon after the federal election to restart negotiations on an elusive free trade pact.
