France, Saudi Arabia spearhead framework for two-state solution between Israel, Palestine
31/07/2025
Dozens killed in Gaza after Israeli forces open fire on crowd seeking food
31/07/2025
Trump slaps 50% tariffs on Brazilian imports over Bolsonaro trial
31/07/2025
Trump's abrupt reversal on climate policy a 'dreadful blow' to the battle against global warming
Americas
30/07/2025
'It's too late: We have not prevented this genocide, but pressure is building to stop it'
Middle East
30/07/2025
Tsunami alerts due to Russian quake downgraded in several nations
30/07/2025
Kenya's refugee camps suffer as US slashes aid
30/07/2025
At least 22 killed in Angola fuel hike unrest
30/07/2025
What's behind UK's possible recognition of a Palestinian state?
30/07/2025
Australia widens teen social media ban to YouTube, scraps exemption
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Euronews
27 minutes ago
- Euronews
China's exports grow despite tariff turmoil as trade pivots to Africa
Despite Washington and Beijing locking horns many times this year, China's economy has remained mostly unshaken. According to data released on Thursday, the nation's exports surged 7.2% in July from a year earlier, while its imports grew at the fastest pace in a year. This came as businesses rushed to take advantage of a lull in President Donald Trump's trade war with Beijing, after both sides agreed to temporarily reduce tariffs until 12 August. The US tariff on Chinese goods had previously reached 145%. Analysts nonetheless added that the improvement looked particularly positive because exports were weak in July 2024. China redirects trade flows to Africa Exports to the United States sank nearly 22% year-on-year, while imports from America fell almost 19%. But exports to Africa and Southeast Asia surged at double-digit rates as Chinese businesses diverted sales to other markets. China has become Africa's largest trading partner, with bilateral trade worth around €141bn in the first half of this year, according to the Chinese General Administration of Customs. For now, US tariffs on Chinese goods are being considered separately from the new higher tariffs that took effect today for dozens of US trading partners. China's global trade surplus for 2025 rose to $683.5bn or around €586bn by the end of July, nearly a third higher than the surplus for the same period last year. The data showed that China's surplus in July was €84.3bn, while its exports to the United States were €20.3bn more than its imports of US goods. 'With the temporary boost to demand from the US-China trade truce already fading and tariffs on shipments rerouted via other countries now rising, exports look set to remain under pressure in the near term,' Zichun Huang of Capital Economics said in a report. The economy is holding up, for now Economists had been expecting China's dollar-denominated exports to grow less than 6% in annual terms in July, on a par with June's 5.8% rate. But improved trade with the rest of the world has helped offset the impact of Trump's trade war. Imports rose 4.1% last month from a year earlier, the most since July 2024, with higher shipments of crude oil, copper and soybeans. China's exports of rare earths that are vital for making many high-tech and other products and Trump has made ensuring US access to such vital minerals a key part of trade negotiations, leading Beijing to promise to loosen some controls. In July, China's exports of rare earths fell 17.6%, compared with a nearly 50% fall the month before. From January to July, its rare earths exports fell 24.2% in dollar terms, although they rose more than 13% by volume. Exports of vehicles, fertiliser, ships and auto parts also saw strong growth.
France 24
27 minutes ago
- France 24
Trump calls on Middle Eastern countries to join Abraham Accords
Trump said on Thursday it was important that Middle Eastern countries join the Abraham Accords, saying it will ensure peace in the region. "Now that the nuclear arsenal being 'created' by Iran has been totally OBLITERATED, it is very important to me that all Middle Eastern Countries join the Abraham Accords," Trump wrote in a social media post. As part of the Abraham Accords, signed during Trump's first term in office, four Muslim-majority countries agreed to normalise diplomatic relations with Israel after US mediation. Efforts to expand the accords have been complicated by a soaring death toll and starvation in Gaza. The war in Gaza, where local authorities say more than 60,000 people have died, has provoked global anger. Canada, France and the United Kingdom have announced plans in recent days to recognise an independent Palestinian state. Trump's administration is actively discussing with Azerbaijan the possibility of bringing that nation and some Central Asian allies into the Abraham Accords, hoping to deepen their existing ties with Israel, according to five sources with knowledge of the matter.
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an hour ago
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