logo
Will America and China call a truce in their trade war?

Will America and China call a truce in their trade war?

Spectatora day ago

High-level talks have started in London today between American and Chinese officials aimed at dialling down the trade tensions between the two largest economies in the world. If they result in a breakthrough, perhaps it will be known as the 'London accord'. But can President Trump strike a 'grand bargain' with China? There is every chance that he might – which would give a huge boost to the global economy.
The talks in London follow on from a friendly chat on the phone between President Trump and his counterpart in Beijing, President Xi. Both sides have already stepped back from an all-out trade blockade, with the United States reducing the tariffs it imposes on Chinese goods from an extraordinary 145 per cent to a more manageable 30 per cent, while on the Chinese side, tariffs have come down from 125 per cent to just 10 per cent. The most important single trading relationship in the global economy is starting to get back on track.
Even so, the trade war has hit both sides very hard.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China is only 3-6 months behind US in AI, Trump official says
China is only 3-6 months behind US in AI, Trump official says

Reuters

time18 minutes ago

  • Reuters

China is only 3-6 months behind US in AI, Trump official says

WASHINGTON, June 10 (Reuters) - China is three to six months behind the United States in artificial intelligence, White house AI and crypto czar David Sacks said Tuesday at an event in Washington, warning that excess U.S. AI regulation could damage American innovation in the industry. "China is not years and years behind us in AI. Maybe they're 3-6 months,' said Sacks, speaking at the AWS summit in Washington. "It's a very close race."

E-Katalog Launches PriceHub in UK as Independent Price Comparison Platform
E-Katalog Launches PriceHub in UK as Independent Price Comparison Platform

Reuters

time22 minutes ago

  • Reuters

E-Katalog Launches PriceHub in UK as Independent Price Comparison Platform

LONDON, United Kingdom, June 10, 2025 (EZ Newswire) -- E-Katalog, opens new tab, one of Eastern Europe's leading price comparison platforms, has launched its service in the United Kingdom under the new brand name PriceHub, opens new tab. The rebranding reflects the company's strategy to adapt its Ukrainian platform to the specific characteristics of the UK e-commerce market and positions the service as an independent alternative to existing comparison services. PriceHub lets British consumers compare prices and technical specifications for millions of products from thousands of online retailers, including both large chains and specialized stores. Particular attention is paid to the independence and transparency of comparisons — unlike marketplaces and affiliate platforms, PriceHub does not distort results with sponsored listings. 'The United Kingdom represents a unique market where global giants and strong local players coexist,' said Anatolii Skrypniak, founder of E-Katalog. 'PriceHub was created specifically for British consumers who value independent comparisons and in-depth analysis of product specifications.' International Expansion and Localization The launch of PriceHub in the UK is part of the company's large-scale international expansion. In Ukraine, E-Katalog serves millions of users each month, offering a wide range of product categories — from home appliances to electronics. In 2021, the company successfully launched E-Katalog in Poland, opens new tab, and in 2023 it entered the U.S. market with the E-Catalog platform, opens new tab. Each localization involves full adaptation to local conditions: support for local currencies and languages, integration with regional online stores, and consideration of consumer behavior. For example, American users actively search for smartphones, opens new tab with specific features, while the UK version emphasizes categories such as smartwatches, opens new tab and other high-tech products. Focus on Conscious Consumption PriceHub positions itself as a tool for conscious consumption. The platform provides detailed information not only on prices, but also on product durability, energy efficiency, environmental characteristics, and verified user reviews. This helps consumers make informed decisions and reduce the number of impulse purchases. 'We want to change the culture of online shopping,' Skrypniak explains. 'Instead of quick purchases based on advertising, we offer deep analysis and comparison. Our goal is to help people buy exactly what they need — at the best price and with a full understanding of the product's features.' Technological Advantages and Independence A key advantage of PriceHub is its technological independence from sellers. The company partners with thousands of retailers and presents all offers available on the market equally to the user, ensuring the objectivity of comparisons (for example, mobile phones, opens new tab). The platform uses proprietary algorithms for automatic data collection and analysis, enabling real-time processing of information on millions of products. The system automatically tracks price changes, new product listings, and specification updates. Special attention is paid to data quality: PriceHub uses machine learning technologies to verify the accuracy of product information and detect potentially misleading or unethical offers. Development Plans The company plans to actively develop its presence in the United Kingdom, focusing on expanding its network of partner stores and improving the user experience. In the near future, PriceHub will launch a mobile application for the UK market and integrate with popular local delivery services. 'The UK market is an important step in our European expansion,' Skrypniak notes. 'We see great potential for independent comparison services in Europe, where consumers value transparency and quality information.' In the long term, E-Katalog plans to expand into markets such as France, Italy, and Germany, each time taking into account local market specifics and, where necessary, adapting its branding. About E-Katalog E-Katalog is a Ukrainian technology company founded in 2001 that develops platforms for comparing product prices and specifications. It serves millions of users each month across Ukraine, Poland, the United Kingdom, and the United States. The platform features data on millions of products from thousands of online retailers, using proprietary technology to ensure accuracy and relevance. E-Katalog's mission is to equip consumers with the tools they need to make informed purchasing decisions. For more information, visit Media Contact Vadym Koruzinfo@ ### SOURCE: E-Katalog Copyright 2025 EZ Newswire See release on EZ Newswire

US marines deployed to LA have not yet responded to immigration protests
US marines deployed to LA have not yet responded to immigration protests

Rhyl Journal

time22 minutes ago

  • Rhyl Journal

US marines deployed to LA have not yet responded to immigration protests

The 700 marines and another 2,000 US National Guard troops were sent to LA on Monday, escalating a military presence that local officials and governor Gavin Newsom do not want and that the police chief says makes it harder to handle the protests safely. Marine Corps Gen Eric Smith told a budget hearing on Capitol Hill that the battalion has not yet been sent to any protests. The marines were trained for crowd control but have no arrest authority and are there to protect government property and personnel, he said. Mr Trump doubled the number of Guard troops being deployed soon after the first wave of 2,000 began arriving on Sunday following days of protests driven by anger over the President's enforcement of immigration laws that critics say are breaking apart migrant families. The President of the United States just called for the arrest of a sitting Governor. This is a day I hoped I would never see in America. I don't care if you're a Democrat or a Republican this is a line we cannot cross as a nation — this is an unmistakable step toward… — Gavin Newsom (@GavinNewsom) June 9, 2025 The demonstrations continued on Monday but were far less raucous, with thousands of people peacefully attending a rally at City Hall and hundreds more protesting outside a federal complex that includes a detention centre where some immigrants are being held following workplace raids across the city. The protests in Los Angeles, a city of four million people, have largely been centred in several blocks of downtown and a few other spots. At daybreak on Tuesday, guard troops were stationed outside the detention centre, but there was no sign of US marines. Obscene slogans were directed at Mr Trump and federal law enforcement remained scrawled across several buildings. At the Walt Disney Concert Hall, workers were busy washing away graffiti on Tuesday morning. In nearby Santa Ana, armoured vehicles blocked a road leading to federal immigration and government offices. Workers swept up plastic bottles and broken glass near buildings sprayed with graffiti. Mr Trump has described Los Angeles in dire terms that Mayor Karen Bass and Mr Newsom say are nowhere close to the truth. They say he is putting public safety at risk by adding military personnel even though police say they do not need the help. Los Angeles Police Chief Jim McDonnell said in a statement that he was confident in the police department's ability to handle large-scale demonstrations and that the Marines' arrival without coordinating with the police department would present a 'significant logistical and operational challenge'. Mr Newsom called the deployments reckless and 'disrespectful to our troops' in a post on the social platform X. 'This isn't about public safety,' the governor said. 'It's about stroking a dangerous President's ego.' The protests began on Friday after federal immigration authorities arrested more than 40 people across Los Angeles and continued over the weekend as crowds blocked a major road and set self-driving cars on fire. Police responded with tear gas, rubber bullets and flash-bang grenades. Demonstrations spread on Monday to other cities nationwide, including San Francisco and Santa Ana, California, as well as Dallas and Austin, Texas. Authorities in Austin appeared to use chemical irritants to disperse a crowd that gathered near the state Capitol. The Trump Administration's escalation and provocation in California inflames tensions and incites violence. Now, the President of the United States said he would arrest a sitting American governor just for disagreeing with these actions. This is a hallmark of authoritarianism… — Nancy Pelosi (@SpeakerPelosi) June 9, 2025 Texas governor Greg Abbott posted on social media that more than a dozen protesters were arrested. The Pentagon said deploying the National Guard and Marines costs 134 million dollars (£98.8 million). That figure emerged just after US defence secretary Pete Hegseth engaged in a into a testy back-and-forth about the costs during a congressional hearing. Mr Hegseth said the department has a budget increase and the money to cover the costs, and he defended Mr Trump's decision to send the troops, saying they are needed to protect federal agents doing their jobs. Meanwhile, Democratic members of California's congressional delegation on Tuesday accused the President of creating a 'manufactured crisis' with his orders to send in troops. Nancy Pelosi contrasted Trump's actions with his handling of the January 6 2021 insurrection at the US Capitol when law enforcement officers were beaten. 'We begged the president of the United States to send in the National Guard. He would not do it,' Ms Pelosi said. California's attorney general Rob Bonta filed a lawsuit over the use of National Guard troops following the first deployment, telling reporters that Mr Trump had 'trampled' the state's sovereignty. He sought a court order declaring Mr Trump's use of the Guard unlawful and asking for a restraining order to halt the deployment. The President said the city would have been 'completely obliterated' if he had not deployed the Guard. US officials said the marines were needed to protect federal buildings and personnel, including immigration agents. A convoy of buses with blacked-out windows and escorted by sheriff's vehicles arrived overnight at a Navy facility just south of LA. Despite their presence, there has been limited engagement so far between the Guard and protesters while local law enforcement implements crowd control.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store