Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

Fentanyl Crisis Provided Opening for Trade Talks Between U.S. and China

Mint New Delhi

|

May 09, 2025

Planned meeting in Switzerland to be first direct talks over trade during Trump's second term

- Lingling Wei, Brian Schwartz & Alex Leary

Beijing's outreach to Washington over fentanyl created an opening for trade talks between the two nations, according to people in both capitals who are familiar with the matter, paving the way for a bilateral meeting in Switzerland this weekend.

For weeks, the U.S. and China have been looking for ways to walk back from what were essentially tit-for-tat trade embargoes. The Chinese in late April sent the Trump administration questions seeking clarity on how the president wants China to crack down on trafficking of the chemical ingredients used to make fentanyl, the people said. In response, the White House gave Beijing a list of suggestions.

Chinese leader Xi Jinping's security czar, Wang Xiaohong, had privately expressed interest in further engaging with Trump officials to address the issue by potentially meeting with them in the U.S. or another country.

The Trump team's list included a request that Beijing send a strong message to those involved in trafficking the chemicals, known as precursors, according to the people familiar with the matter. Such messages could involve warnings of severe punishment. Precursors produced by Chinese companies, often sold over the internet, flow from China to criminal groups in Mexico and elsewhere that produce fentanyl and traffic it into the U.S.

Now both sides are readying for what will be the first direct talks over trade between senior officials on both sides during President Trump's second term.

"The United States has been clear about our expectations with regards to stopping the flow of chemical precursors from China to illicit drug producers in Mexico," National Security Council spokesman James Hewitt said. A White House spokesperson didn't respond to a request for comment.

A positive step

MÁS HISTORIAS DE Mint New Delhi

Mint New Delhi

Oil giant IOC eyes green shift

Indian Oil Corp. Ltd (IOC) is navigating choppy waters as nearterm business conditions remain uncertain amid oil price volatility, tariffs, exchange rate weakness, and geopolitical disturbances.

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

April-August fiscal gap rises to ₹5.98 tn

India's fiscal deficit rose in the first five months of 2025-26, as compared with the same period last year, due to higher government capital expenditure while net tax revenue declined.

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

TaMo aims to drive down Iveco costs, open new roads

Analysts questioned the rationale of buying the Italian firm that was facing growth hurdles

time to read

2 mins

October 01, 2025

Mint New Delhi

EFTA gets rolling

Amid all the worry, there's some positive news for India on the trade front.

time to read

1 min

October 01, 2025

Mint New Delhi

Mint New Delhi

Early-maturing tur varieties aim to boost pulses output

A few varieties have already been developed, and efforts are on to scale up more such breeds

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

Toyota, i-banks in talks for India IPO

Discussions in early stages, IPO may raise up to $800 mn

time to read

1 min

October 01, 2025

Mint New Delhi

Gold rally brings big gains, but sparks calls for caution

Gold's glittering rally may have reached a short-term peak.

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

Allied Blenders eyes single malt, expects twofold turnover in 5 yrs

Allied Blenders and Distillers Ltd (ABD), a homegrown spirits company, plans to enter the single malt whisky segment, amplifying its presence in the fast-growing premium segment of the alcoholic beverages, said its Managing Director Alok Gupta here on Tuesday.

time to read

1 mins

October 01, 2025

Mint New Delhi

CoreWeave inks $14 bn Meta deal to power AI

CoreWeave Inc. has signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models.

time to read

1 min

October 01, 2025

Mint New Delhi

Mint New Delhi

89 Maharashtra pharmacy colleges face action over lapses

The Pharmacy Council of India (PCI) has barred 89 pharmacy colleges in Maharashtra from admitting first-year students for the 2025-26 academic session, after inspections revealed lapses including insufficient teaching staff, as well as poor infrastructure and safety measures.

time to read

1 mins

October 01, 2025

Listen

Translate

Share

-
+

Change font size