US-China trade friction after Busan
Analysts say China is slow-rolling Busan commitments on rare earths while the US over-delivered on tariff cuts, with risk of a blowup before the December G20.
What we know
An account on X RTs Brad Setser noting tariffs fell to 12.5% while China lagged on rare earths, and another RT says Beijing is slow-rolling the deal.
How the story developed
Analysts say China is slow-rolling Busan commitments on rare earths while the US over-delivered on tariff cuts, with risk of a blowup before the December G20.
China and the US pledged continued consultations, while Beijing objected to US trade measures and Cuba-related sanctions. October data showed gold holdings up in volume and FX reserves up $5B.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.