Trump's trade talk delegation is set to face off with China's negotiators in London. Here is what's at stake.
Three top Trump administration economic officials will face off against Chinese negotiators in a renewed effort to break the US-China trade deadlock.
Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and Trade Representative Jamieson Greer will be meeting China's delegation in London on Monday.
"The meeting should go very well," President Donald Trump wrote in a social media post announcing the talks.
This coming meeting will be the first official talk between the two countries since they mutually lowered tariffs in a temporary truce on May 12, after talks in Geneva.
The renewed talks follow a 90-minute phone call between Trump and China's leader Xi Jinping on Thursday, a rare direct conversation that Trump later described as "very good." According to Trump, the two leaders also agreed to visit each other in person, without providing more details in terms of a timeline.
The Chinese Embassy of Washington did not respond to a request for who would be attending this negotiation from its side. The team they sent to Geneva consisted of Vice Premier He Lifeng, Vice Commerce Minister Li Chenggang, and Vice Finance Minister Liao Min.
Notably, Li has a Master of Laws from the University of Hamburg in Germany and has been part of China's delegation to the World Trade Organization since 2021.
International trade experts previously told Business Insider that much is at stake for both China and the US to strike a deal, or at the very least, continue the truce beyond August 12 when the 90-day tariff pause will expire.
"The Trump administration made their job harder because the tariff policies they've implemented are costly to Americans and American companies, and therefore, the market doesn't like it," said Philip Luck, director of the CSIS Economics Program. "They are under a lot of pressure to do things fast."
Meanwhile, a lawsuit that threatens to undo all of Trump's tariffs enacted under the IEEPA also looms over negotiations with China.
Drew DeLong, lead in geopolitical dynamics practice at Kearney, a global strategy and management consulting firm, told BI that if the court strikes down tariffs before trade deals could come to pass, other routes of imposing tariffs could be more complicated and time-consuming.
The White House did not provide Business Insider with any additional comment beyond Trump's Truth Social post.
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San Francisco Chronicle
14 minutes ago
- San Francisco Chronicle
Israel backs an anti-Hamas armed group known for looting aid in Gaza. Here's what we know
JERUSALEM (AP) — Israel is supporting armed groups of Palestinians in Gaza in what it says is a move to counter Hamas. But officials from the U.N. and aid organizations say the military is allowing them to loot food and other supplies from their trucks. One self-styled militia, which calls itself the Popular Forces, led by Yasser Abu Shabab, says it is guarding newly created, Israeli-backed food distribution centers in southern Gaza. Aid workers say it has a long history of looting U.N. trucks. Gaza's armed groups have ties to powerful clans or extended families and often operate as criminal gangs. Aid workers allege Israel's backing of the groups is part of a wider effort to control all aid operations in the strip. Israel denies allowing looters to operate in areas it controls. Here's what we know about anti-Hamas armed groups in Gaza: Who are these groups? Prime Minister Benjamin Netanyahu said in a social media video Thursday that Israel had 'activated' clans in Gaza to oppose Hamas. He didn't elaborate how Israel is supporting them or what role Israel wants them to play. Netanyahu's comments were in response to a political opponent accusing him of arming 'crime families' in Gaza. Clans, tribes and extended families have strong influence in Gaza, where their leaders often help mediate disputes. Some have long been armed to protect their group's interests, and some have morphed into gangs involved in smuggling drugs or running protection rackets. After seizing power in 2007, Hamas clamped down on Gaza's gangs -- sometimes with brute force and sometimes by steering perks their way. But with Hamas' weakening power after 20 months of war with Israel, gangs have regained freedom to act. The leadership of a number of clans — including the clan from which the Abu Shabab group's members hail — have issued statements denouncing looting and cooperation with Israel. A self-proclaimed 'nationalist force' The Abu Shabab group went public in early May, declaring itself a 'nationalist force.' It said it was protecting aid, including around the food distribution hubs run by the Gaza Humanitarian Foundation, a mainly American private contractor that Israel intends to replace the U.N.-led aid network. Aid workers and Palestinians who know the group estimate it has several hundred fighters. The Abu Shabab group's media office told The Associated Press it was collaborating with GHF 'to ensure that the food and medicine reaches its beneficiaries.' It said it was not involved in distribution, but that its fighters secured the surroundings of distribution centers run by GHF inside military-controlled zones in the Rafah area. A spokesperson with GHF said it had 'no collaboration' with Abu Shabab. 'We do have local Palestinian workers we are very proud of, but none is armed, and they do not belong to Abu Shabab's organization,' the spokesperson said, speaking on condition of anonymity in accordance with the group's rules. Before the war, Yasser Abu Shabab was involved in smuggling cigarettes and drugs from Egypt and Israel into Gaza through crossings and tunnels, according to two members of his extended family, one of whom was once part of his group. Hamas arrested Abu Shabab but freed him from prison along with most other inmates when the war began in October 2023, they said, speaking on condition of anonymity for fear of reprisals. Abu Shabab's media office said he was summoned by police before the war but wasn't officially accused or tried. It also said claims the group was involved in attacking aid trucks were 'exaggerated,' saying its fighters 'took the minimum amount of food and water necessary.' The head of the association in Gaza that provides trucks and drivers for aid groups said their members' vehicles have been attacked many times by Abu Shabab's fighters. Nahed Sheheiber said the group has been active in Israeli-controlled eastern parts of Rafah and Khan Younis, targeting trucks as they enter Gaza from the Kerem Shalom crossing with Israel. Troops nearby 'did nothing' to stop attacks, he said. Sheheiber said that when Hamas policemen have tried to confront gangs or guard truck convoys, they were attacked by Israeli troops. One driver, Issam Abu Awda, told the AP he was attacked by Abu Shabab fighters last July. The fighters stopped his truck, blindfolded and handcuffed him and his assistant, then loaded the supplies off the vehicle, he said. Abu Awda said nearby Israeli troops didn't intervene. These kinds of attacks are still happening and highlight 'a disturbing pattern,' according to Jonathan Whittall, from the U.N. humanitarian coordinator, OCHA. 'Those who have blocked and violently ransacked aid trucks seem to have been protected' by Israeli forces, said Whittall, head of OCHA's office for the occupied Palestinian territories. And, he added, they have now become the 'protectors of the goods being distributed through Israel's new militarized hubs,' referring to the GHF-run sites. The Israeli military did not reply when asked for comment on allegations it has allowed armed groups to loot trucks. But the Israeli prime minister's office called the accusations 'fake news,' saying, 'Israel didn't allow looters to operate in Israeli controlled areas.' Israel often accuses Hamas of stealing from trucks. What does all this have to do with aid? Muhammad Shehada, a political analyst from Gaza who is a visiting fellow at the European Council on Foreign Relations, said he doesn't believe Israel's support for armed groups is aimed at directly fighting Hamas. So far there has been no attempt to deploy the groups against the militants. Instead, he said, Israel is using the gangs and the looting to present GHF 'as the only alternative to provide food to Palestinians,' since its supplies get in while the U.N.'s don't. Israel wants the GHF to replace the U.N.-led aid system because it claims Hamas has been siphoning off large amounts of supplies. The U.N. denies that significant amounts have been taken by Hamas. Israel has also said it aims to move all Palestinians in Gaza to a 'sterile zone' in the south, around the food hubs, while it fights Hamas elsewhere. The U.N. and aid groups have rejected that as using food as a tool for forced displacement. The Abu Shabab group has issued videos online urging Palestinians to move to tent camps in Rafah. Israel barred all food and other supplies from entering Gaza for 2 ½ months , pending the start of GHF – a blockade that has brought the population to the brink of famine. GHF started distributing food boxes on May 26 at three hubs guarded by private contractors inside Israeli military zones. Israel has let in some trucks of aid for the U.N. to distribute. But the U.N. says it has been able to get little of it into the hands of Palestinians because of Israeli military restrictions, including requiring its trucks to use roads where looters are known to operate. 'It's Israel's way of telling the U.N., if you want to try to bring aid into Gaza, good luck with this," said Shehada. "We will force you to go through a road where everything you brought will be looted.' Magdy and Keath reported from Cairo
Associated Press
16 minutes ago
- Associated Press
Vance says Musk making a 'huge mistake' in going after Trump but also tries to downplay the attacks
BRIDGEWATER, N.J. (AP) — Vice President JD Vance said Elon Musk was making a 'huge mistake' going after President Donald Trump in a storm of bitter and inflammatory social media posts after a falling out between the two men. But the vice president, in an interview released Friday after the very public blow up between the world's richest man and arguably the world's most powerful, also tried to downplay Musk's blistering attacks as an 'emotional guy' who got frustrated. 'I hope that eventually Elon comes back into the fold. Maybe that's not possible now because he's gone so nuclear,' Vance said. Vance's comments come as other Republicans in recent days have urged the two men, who months ago were close allies spending significant time together, to mend fences. Musk's torrent of social media posts attacking Trump came as the president portrayed him as disgruntled and 'CRAZY' and threatened to cut the government contracts held by his businesses. Musk, who runs electric vehicle maker Tesla, internet company Starlink and rocket company SpaceX, lambasted Trump's centerpiece tax cuts and spending bill but also suggested Trump should be impeached and claimed without evidence that the government was concealing information about the president's association with infamous pedophile Jeffrey Epstein. 'Look, it happens to everybody,' Vance said in the interview. 'I've flown off the handle way worse than Elon Musk did in the last 24 hours.' Vance made the comments in an interview with ' manosphere' comedian Theo Von, who last month joked about snorting drugs off a mixed-race baby and the sexuality of men in the U.S. Navy when he opened for Trump at a military base in Qatar. The vice president told Von that as Musk for days was calling on social media for Congress to kill Trump's 'Big Beautiful Bill,' the president was 'getting a little frustrated, feeling like some of the criticisms were unfair coming from Elon, but I think has been very restrained because the president doesn't think that he needs to be in a blood feud with Elon Musk.' 'I actually think if Elon chilled out a little bit, everything would be fine,' he added. Musk appeared by Saturday morning to have deleted his posts about Epstein. The interview was taped Thursday as Musk's posts were unfurling on X, the social media network the billionaire owns. During the interview, Von showed the vice president Musk's claim that Trump's administration hasn't released all the records related to sex abuser Jeffrey Epstein because Trump is mentioned in them. Vance responded to that, saying, 'Absolutely not. Donald Trump didn't do anything wrong with Jeffrey Epstein.' 'This stuff is just not helpful,' Vance said in response to another post shared by Musk calling for Trump to be impeached and replaced with Vance. 'It's totally insane. The president is doing a good job.' Vance called Musk an 'incredible entrepreneur,' and said that Musk's Department of Government Efficiency, which sought to cut government spending and laid off or pushed out thousands of workers, was 'really good.' The vice president also defended the bill that has drawn Musk's ire, and said its central goal was not to cut spending but to extend the 2017 tax cuts approved in Trump's first term. The bill would slash spending but also leave some 10.9 million more people without health insurance and spike deficits by $2.4 trillion over the decade, according to the nonpartisan Congressional Budget Office. Musk has warned that the bill will increase the federal deficit and called it a 'disgusting abomination.' 'It's a good bill,' Vance said. 'It's not a perfect bill.' He also said it was ridiculous for some House Republicans who voted for the bill but later found parts objectional to claim they hadn't had time to read it. Vance said the text had been available for weeks and said, 'the idea that people haven't had an opportunity to actually read it is ridiculous.' Elsewhere in the interview, Vance laughed as Von cracked jokes about famed abolitionist Frederick Douglass' sexuality. 'We're gonna talk to the Smithsonian about putting up an exhibit on that,' Vance joked. 'And Theo Von, you can be the narrator for this new understanding of the history of Frederick Douglass.' The podcaster also asked the vice president if he 'got high' on election night to celebrate Trump's victory. Vance laughed and joked that he wouldn't admit it if he did. 'I did not get high,' he then said. 'I did have a fair amount to drink that night.' The interview was taped in Nashville at a restaurant owned by musician Kid Rock, a Trump ally.
Hamilton Spectator
18 minutes ago
- Hamilton Spectator
Israel backs an anti-Hamas armed group known for looting aid in Gaza. Here's what we know
JERUSALEM (AP) — Israel is supporting armed groups of Palestinians in Gaza in what it says is a move to counter Hamas. But officials from the U.N. and aid organizations say the military is allowing them to loot food and other supplies from their trucks. One self-styled militia, which calls itself the Popular Forces, led by Yasser Abu Shabab, says it is guarding newly created, Israeli-backed food distribution centers in southern Gaza. Aid workers say it has a long history of looting U.N. trucks. Gaza's armed groups have ties to powerful clans or extended families and often operate as criminal gangs. Aid workers allege Israel's backing of the groups is part of a wider effort to control all aid operations in the strip. Israel denies allowing looters to operate in areas it controls. Here's what we know about anti-Hamas armed groups in Gaza: Who are these groups? Prime Minister Benjamin Netanyahu said in a social media video Thursday that Israel had 'activated' clans in Gaza to oppose Hamas. He didn't elaborate how Israel is supporting them or what role Israel wants them to play. Netanyahu's comments were in response to a political opponent accusing him of arming 'crime families' in Gaza. Clans, tribes and extended families have strong influence in Gaza, where their leaders often help mediate disputes. Some have long been armed to protect their group's interests, and some have morphed into gangs involved in smuggling drugs or running protection rackets. After seizing power in 2007, Hamas clamped down on Gaza's gangs — sometimes with brute force and sometimes by steering perks their way. But with Hamas' weakening power after 20 months of war with Israel, gangs have regained freedom to act. The leadership of a number of clans — including the clan from which the Abu Shabab group's members hail — have issued statements denouncing looting and cooperation with Israel. A self-proclaimed 'nationalist force' Besides the Abu Shabab group, it is not known how many armed groups Israel is supporting. The Abu Shabab group went public in early May, declaring itself a 'nationalist force.' It said it was protecting aid, including around the food distribution hubs run by the Gaza Humanitarian Foundation , a mainly American private contractor that Israel intends to replace the U.N.-led aid network. Aid workers and Palestinians who know the group estimate it has several hundred fighters. The Abu Shabab group's media office told The Associated Press it was collaborating with GHF 'to ensure that the food and medicine reaches its beneficiaries.' It said it was not involved in distribution, but that its fighters secured the surroundings of distribution centers run by GHF inside military-controlled zones in the Rafah area. A spokesperson with GHF said it had 'no collaboration' with Abu Shabab. 'We do have local Palestinian workers we are very proud of, but none is armed, and they do not belong to Abu Shabab's organization,' the spokesperson said, speaking on condition of anonymity in accordance with the group's rules. Before the war, Yasser Abu Shabab was involved in smuggling cigarettes and drugs from Egypt and Israel into Gaza through crossings and tunnels, according to two members of his extended family, one of whom was once part of his group. Hamas arrested Abu Shabab but freed him from prison along with most other inmates when the war began in October 2023, they said, speaking on condition of anonymity for fear of reprisals. Abu Shabab's media office said he was summoned by police before the war but wasn't officially accused or tried. It also said claims the group was involved in attacking aid trucks were 'exaggerated,' saying its fighters 'took the minimum amount of food and water necessary.' Aid workers say it is notorious for looting The head of the association in Gaza that provides trucks and drivers for aid groups said their members' vehicles have been attacked many times by Abu Shabab's fighters. Nahed Sheheiber said the group has been active in Israeli-controlled eastern parts of Rafah and Khan Younis, targeting trucks as they enter Gaza from the Kerem Shalom crossing with Israel. Troops nearby 'did nothing' to stop attacks, he said. Sheheiber said that when Hamas policemen have tried to confront gangs or guard truck convoys, they were attacked by Israeli troops. One driver, Issam Abu Awda, told the AP he was attacked by Abu Shabab fighters last July. The fighters stopped his truck, blindfolded and handcuffed him and his assistant, then loaded the supplies off the vehicle, he said. Abu Awda said nearby Israeli troops didn't intervene. These kinds of attacks are still happening and highlight 'a disturbing pattern,' according to Jonathan Whittall, from the U.N. humanitarian coordinator, OCHA. 'Those who have blocked and violently ransacked aid trucks seem to have been protected' by Israeli forces, said Whittall, head of OCHA's office for the occupied Palestinian territories. And, he added, they have now become the 'protectors of the goods being distributed through Israel's new militarized hubs,' referring to the GHF-run sites. The Israeli military did not reply when asked for comment on allegations it has allowed armed groups to loot trucks. But the Israeli prime minister's office called the accusations 'fake news,' saying, 'Israel didn't allow looters to operate in Israeli controlled areas.' Israel often accuses Hamas of stealing from trucks. What does all this have to do with aid? Muhammad Shehada, a political analyst from Gaza who is a visiting fellow at the European Council on Foreign Relations, said he doesn't believe Israel's support for armed groups is aimed at directly fighting Hamas. So far there has been no attempt to deploy the groups against the militants. Instead, he said, Israel is using the gangs and the looting to present GHF 'as the only alternative to provide food to Palestinians,' since its supplies get in while the U.N.'s don't. Israel wants the GHF to replace the U.N.-led aid system because it claims Hamas has been siphoning off large amounts of supplies. The U.N. denies that significant amounts have been taken by Hamas. Israel has also said it aims to move all Palestinians in Gaza to a 'sterile zone' in the south, around the food hubs, while it fights Hamas elsewhere. The U.N. and aid groups have rejected that as using food as a tool for forced displacement. The Abu Shabab group has issued videos online urging Palestinians to move to tent camps in Rafah. Israel barred all food and other supplies from entering Gaza for 2 1/2 months , pending the start of GHF – a blockade that has brought the population to the brink of famine. GHF started distributing food boxes on May 26 at three hubs guarded by private contractors inside Israeli military zones. Israel has let in some trucks of aid for the U.N. to distribute. But the U.N. says it has been able to get little of it into the hands of Palestinians because of Israeli military restrictions, including requiring its trucks to use roads where looters are known to operate. 'It's Israel's way of telling the U.N., if you want to try to bring aid into Gaza, good luck with this,' said Shehada. 'We will force you to go through a road where everything you brought will be looted.' ___ Magdy and Keath reported from Cairo Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
