While US President Donald Trump has continued question marks on the economic effects of customs tariffs implemented within the scope of protectionist trade policies, the eyes have been converted into conclusions from trade negotiations between the United States and China.
In parallel with the tariff negotiations, optimism caused by reducing the concerns about the labor market and the situation of the US economy, which came above expectations in the United States on Friday, was moved to the Asian side.
The Chinese side confirmed the meeting after Trump announced that Treasury Minister Scott Bessent, Trade Minister Howard Lutnick and US Trade Representative Jamieson Greer will meet with the Chinese authorities today.
In a statement made by the Chinese Ministry of Foreign Affairs, Deputy Prime Minister in charge of Economic Relations HI Lifing will visit England on June 8-13, where the first meeting of the China-US economy and trade consultation mechanism will be held.
– Export increase rate slowed down in China
On the other hand, according to the macroeconomic data described in the region today, the rate of exports in China in May slowed down due to the ongoing uncertainty caused by trade tension climbing with mutual tariffs with the US. According to the data of the Chinese Customs General Administration, exports increased by 4.8 percent in May compared to the same period of the previous year and reached 316.1 billion dollars.
During this period, the country’s imports decreased by 3.4 percent on an annual basis, while the foreign trade surplus was calculated as 103.2 billion dollars.
In addition, Consumer Price Index (CPI) in the country in May, 0.1 percent compared to the same period last year, producer price index (PPI) declined by 3.3 percent. The ongoing decline in consumer and producer prices continued to be felt.
In Japan, growth data were followed. Accordingly, in Japan, the 1st quarter gross domestic product (GDP) did not vary on a quarter of a quarter, while 0.2 percent on an annual basis decreased.
With these developments, the Nikkei 225 index in Japan increased by 0.9 percent at 38.080 points and the KOSPİ index in South Korea was closed at an increase of 1.6 percent.
The Shanghai compound index in China is currently traded at 0.4 percent of 3,497 points with 0.4 percent, and the Hang Seng index in Hong Kong is traded from 24,099 points with 1.3 percent earnings, while the Sensex index in India is 82.507 percent above the previous closing.
