After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”

Chinese leader Xi Jinping urged the European Union to make “the right strategic choice” and enhance cooperation with China, while EU leaders called for a rebalancing of trade ties, as the two sides tackle deep-seated grievances at a tense summit in Beijing.

China and the European Union have issued a joint call to action on climate change during an otherwise tense bilateral summit in Beijing on Thursday riven with major disagreements over trade and the war in Ukraine.

A new factory in Hungary will help the Chinese automaker take on auto giants like Volkswagen on their home turf.

Ursula von der Leyen and António Costa, the heads of the European Commission and the European Council respectively, will be in Beijing for a summit to mark the 50th anniversary of diplomatic relations between China and the European Union.

European aluminium producers face a threefold challenge: cheap Chinese imports, escalating US tariffs, and Big Tech’s ability to pay high power prices.

In May EU leaders said they were ready to “work hand in hand” with China to deal with “common challenges”. But the Europeans’ short-lived friendliness was as much an attempt to manipulate the Americans as it was a bid to woo the Chinese,

DA WEI is Director of the Center for International Security and Strategy and a Professor in the Department of International Relations at Tsinghua University.