Progress in US China Trade Relations Amid a Surge in China’s Auto Market

Trump praises U.S.–China trade talks in Switzerland, as electric vehicle sales in China see a significant boost driven by government incentives.

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Trump
China

Trump

Trump Describes Trade Talks with China in Switzerland as “Excellent,” Highlights Progress in Resetting Relations

U.S. President Donald Trump praised the positive atmosphere surrounding recent trade negotiations between the United States and China,
held in Switzerland, calling it an “excellent meeting” in a post on his Truth Social page.
He emphasized that the discussions were intensive and addressed several key economic and trade issues,
underscoring both nations’ willingness to reset their trade relationship in a constructive and friendly manner.

According to Trump, the talks covered vital matters and resulted in comprehensive agreements,
reflecting a clear alignment in views on the future of economic cooperation.
A key focus was achieving greater balance in the trade deficit between the two countries.
He stressed the importance of removing barriers that hinder U.S. companies from entering the Chinese market,
calling it a crucial step toward enhancing bilateral trade and encouraging mutual investment.

Trump also noted that the talks revolved around restructuring the trade relationship to better serve the interests of the world’s two largest economies, emphasizing the need for long-term and sustainable commercial ties between Washington and Beijing.

These statements come at a pivotal time when U.S.–China trade relations are strained due to reciprocal tariffs,
making the outcome of this meeting closely watched by global markets hoping for a breakthrough that would stabilize the international economy.

China

China’s Passenger Car Sales Rise 14.8% in April, Driven by Government Incentives and Booming EV Sector

Passenger car sales in China surged by 14.8% year-on-year in April,
according to data released Sunday by the China Passenger Car Association.
This marks the third consecutive month of growth, largely fueled by government programs aimed at encouraging the replacement of older vehicles—particularly through added incentives for electric and hybrid models.

Total passenger car sales for April reached 1.78 million units, with cumulative sales for the first four months of 2025 hitting 6.97 million units,
an 8.2% increase compared to the same period last year.

The new energy vehicles (NEVs) segment—including plug-in electric and hybrid cars—recorded remarkable growth of 33.9% year-on-year,
accounting for 50.8% of total car sales in April,
highlighting the rapid shift toward sustainable mobility options in the Chinese market.

Government incentives also helped cushion the impact of recent U.S. tariffs,
with the vehicle replacement support program covering around 2.71 million vehicles by April 24,
offering greater benefits for NEV purchases compared to gasoline-powered cars.

Conversely, Chinese auto exports fell 2.2% in April, following an 8% drop in March,
reflecting the growing effect of U.S. tariffs on external demand.

Progress in U.S. China Trade Relations Amid a Surge in China’s Auto Market

Progress in US China Trade Relations

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