Trade

Top US officials are set to meet with a high-level Chinese delegation in Switzerland in the first major talks between the two nations since Trump's tariffs were set.

Australian mining companies could benefit from the US-China trade war, but they are walking a tightrope between their biggest export market in China and Australia's greatest ally in the US.

America has decided to sever its trading relationship with China — a strategy that ultimately will come at enormous cost. And Australia, more than any other nation, will be caught smack in the middle.

The newly-elected Canadian Prime Minister Mark Carney is set to visit the White House within a week in the hope of securing a fresh trade deal, according to US President Donald Trump. 

A flood of imports into the United States ahead of the Trump administration's tariffs have dampened economic growth.

US President Donald Trump acknowledges Australia's efforts to talk to him about trade and says he intends to speak to the Australian prime minister about the issue.

Australia's wagyu beef industry is poised for export growth amid America's falling beef herd numbers and continued demand for Australia's premium meat in global markets. 

As the world watches tariff brinkmanship unfold between the US and China, analysts cast doubt on the US president's claim that the Chinese leader called him.

The US president said his Chinese counterpart called him and it was not a "sign of weakness" as Beijing quietly exempted some US good from import levies. 

Over the last decade, Australia has emerged as one of the most promising international markets for Japanese sake.

China now dominates the entire rare earths ecosystem, refining around 90 per cent of all coveted elements. It leaves Trump's America particularly vulnerable, as the Albanese government proposes a national stockpile. 

Australia is joining the European Union and the United States in establishing strategic reserves of critical minerals, but what do they actually do, and why are they so important?

He added that he expects to strike a deal and set the final tariff figure on China over the next two or three weeks.

The United States president says American tariffs on Chinese imports will come down "substantially" from the current rate of 145 per cent.

The International Monetary Fund says the US will be hardest hit by its own increased tariffs, which the organisation says is the biggest upheaval to global trade in 80 years.

A US-China trade war is a battle neither side can win. It's more a question as to the amount of pain either country can endure and which will emerge with the least damage.

China has warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiralling trade war between the world's two biggest economies.

Donald Trump's comments came after he indicated Beijing was keen to meet to discuss the tariff war the two countries are locked in. 

The two companies said they will be increasing US prices starting April 25 and encouraged shoppers to purchase "now at today's rates".

Analysts say countries around the world will be watching the outcome of the meeting closely to determine how best to negotiate on the issue of US tariffs.