After Canada, Another US Ally Set To Revive Old Trade Ties With China: Report

Benzinga_recent_news01-21

The UK and China are reportedly set to reinvigorate their ‘golden era’ business dialogue during Prime Minister Keir Starmer‘s visit to Beijing next week. The two countries are planning to revive the ...

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The council will include top executives from leading British companies such as AstraZeneca (NASDAQ:AZN), BP, HSBC, Intercontinental Hotels Group, Jaguar Land Rover, Rolls Royce, among others.\nOn the Chinese side, companies like Bank of China, China Construction Bank, China Mobile, Industrial and Commercial Bank of China, China Railway Rolling Stock Corporation, China National Pharmaceutical Group, and BYD (OTC:BYDDF) are expected to participate.\nThe visit and the council’s agenda are contingent on China’s plans to build its largest embassy in Europe in London, a proposal that received the green light on Tuesday.\nThe rekindling of the business dialogue between the UK and China comes at a time of global economic uncertainty. The U.S.-China trade war has been a significant factor in this, with other countries, such as Canada, also navigating their relationships with these two economic powerhouses. \nChina strategist Michael Pillsbury warned that Canada’s trade deal with China and its decision to bypass President Donald Trump could backfire. On the other hand, Economist Justin Wolfers slammed Trump’s aggressive trade policies as the reason why U.S. allies are turning towards China. \nMeanwhile, UK Prime Minister Keir Starmer, during Prime Minister’s Questions in the British parliament, on Wednesday, vowed that he “will not yield” to Trump’s threats of tariffs over the UK’s support for Greenland. However, he plans to continue to “constructively” engage with the U.S. on this. Notably, Trump has also criticized Starmer’s decision to  hand over sovereignty of the Chagos Islands to Mauritius, labeling it “an act of great stupidity.” \nImage via Shutterstock\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605005981","isCrawlerRequest":true}