Gaza starvation crisis and Russia-Ukraine talks
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Al Arabiya
an hour ago
- Al Arabiya
US, China to resume talks on tariff truce extension ahead of Trump-Xi meeting
Top US and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the center of a trade war between the world's top two economies, aiming to extend a truce by three months and keeping sharply higher tariffs at bay. China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end weeks of escalating tit-for-tat tariffs and a cut-off of rare earth minerals. Without an agreement, global supply chains could face renewed turmoil from US duties snapping back to triple-digit levels that would amount to a bilateral trade embargo. The Stockholm talks come hot on the heels of Trump's biggest trade deal yet with the European Union on Sunday for a 15 percent tariff on most EU goods exports to the US, including autos. The bloc will also buy $750 billion worth of American energy and make $600 billion worth of US investments in coming years. No similar breakthrough is expected in the US-China talks but trade analysts said that another 90-day extension of a tariff and export control truce struck in mid-May was likely. An extension of that length would prevent further escalation and facilitate planning for a potential meeting between Trump and Chinese President Xi Jinping in late October or early November. A US Treasury spokesperson declined comment on a South China Morning Post report quoting unnamed sources as saying the two sides would refrain from introducing new tariffs or other steps that could escalate the trade war for another 90 days. Trump's administration is poised to impose new sectoral tariffs that will impact China within weeks, including on semiconductors, pharmaceuticals, ship-to-shore cranes and other products. 'We're very close to a deal with China. We really sort of made a deal with China, but we'll see how that goes,' Trump told reporters on Sunday before European Commission President Ursula von der Leyen struck their tariff deal. The Financial Times reported on Monday that the US had paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support Trump's efforts to secure a meeting with Xi this year. The industry and security bureau of the Commerce Department, which oversees export controls, had been told to avoid tough moves on China, the newspaper said, citing current and former officials. Reuters could not immediately verify the report. The White House and the department did not respond to Reuters' requests for comment outside business hours. Deeper issues Previous US-China trade talks in Geneva and London in May and June focused on bringing US and Chinese retaliatory tariffs down from triple-digit levels and restoring the flow of rare earth minerals halted by China and Nvidia's H20 AI chips and other goods halted by the United States. So far, the talks have not delved into broader economic issues. They include US complaints that China's state-led, export-driven model is flooding world markets with cheap goods, and Beijing's complaints that US national security export controls on tech goods seek to stunt Chinese growth. 'Geneva and London were really just about trying to get the relationship back on track so that they could, at some point, actually negotiate about the issues which animate the disagreement between the countries in the first place,' said Scott Kennedy, a China economics expert at the Center for Strategic and International Studies in Washington. 'I'd be surprised if there is an early harvest on some of these things but an extension of the ceasefire for another 90 days seems to be the most likely outcome,' Kennedy said. US Treasury Secretary Scott Bessent has already flagged a deadline extension and has said he wants China to rebalance its economy away from exports to more domestic consumption -- a decades-long goal for US policymakers. Analysts say the US-China negotiations are far more complex than those with other Asian countries and will require more time. China's grip on the global market for rare earth minerals and magnets, used in everything from military hardware to car windshield wiper motors, has proved to be an effective leverage point on US industries. Trump-Xi meeting? In the background of the talks is speculation about a possible meeting between Trump and Xi in late October. Trump has said he will decide soon on a landmark trip to China, and a new flare-up of tariffs and export controls would likely derail planning. Sun Chenghao, a fellow at Tsinghua University's Center for International Security and Strategy in Beijing, said that a Trump-Xi summit would be an opportunity for the US to lower the 20 percent tariffs on Chinese goods related to fentanyl. In exchange, he said the Chinese side could make good on its 2020 pledge to increase purchases of US farm products and other goods. 'The future prospect of the heads of state summit is very beneficial to the negotiations because everyone wants to reach an agreement or pave the way in advance,' Sun said. Still, China will likely request a reduction of multi-layered US tariffs totaling 55 percent on most goods and further easing of US high-tech export controls, analysts said. Beijing has argued that such purchases would help reduce the US trade deficit with China, which reached $295.5 billion in 2024.
Al Arabiya
2 hours ago
- Al Arabiya
Europe hopes for ‘no surprises' as US weighs troop withdrawals
After keeping Donald Trump happy with a pledge to up defense spending at NATO's summit, Europe is now bracing for a key decision from the US president on the future of American forces on the continent. Washington is currently conducting a review of its military deployments worldwide -- set to be unveiled in coming months -- and the expectation is it will lead to drawdowns in Europe. That prospect is fraying the nerves of US allies, especially as fears swirl that Russia could look to attack a NATO country within the next few years if the war in Ukraine dies down. However, the alliance is basking in Trump's newfound goodwill following its June summit in The Hague, and his officials are making encouraging noises that Europe will not be left in the lurch. 'We've agreed to no surprises and no gaps in the strategic framework of Europe,' said Matthew Whitaker, US ambassador to NATO, adding he expected the review to come out in 'late summer, early fall'. 'I have daily conversations with our allies about the process,' he said. While successive US governments have mulled scaling back in Europe to focus more on China, Trump has insisted more forcefully than his predecessors that the continent should handle its own defense. 'There's every reason to expect a withdrawal from Europe,' said Marta Mucznik from the International Crisis Group. 'The question is not whether it's going to happen, but how fast.' When Trump returned to office in January many felt he was about to blow a hole in the seven-decade-old alliance. But the vibe in NATO circles is now far more upbeat than those desperate days. 'There's a sanguine mood, a lot of guesswork, but the early signals are quite positive,' one senior European diplomat told AFP, talking as others on condition of anonymity. 'Certainly no panic or doom and gloom.' 'Inevitable' The Pentagon says there are nearly 85,000 US military personnel in Europe -- a number that has fluctuated between 75,000 and 105,000 since Russia's 2022 invasion of Ukraine. 'I think it is inevitable that they pull out some of their forces,' a second European diplomat told AFP. 'But I don't expect this to be like a dramatic overhaul. I think it's going to be gradual. I think it's going to be based on consultations.' Trump's first target is likely to be the troops left over from a surge ordered by his predecessor Joe Biden after Moscow's tanks rolled into Ukraine. Officials say relocating the rump of that 20,000-strong deployment would not hurt NATO's deterrence too much -- but alarm bells would ring if Trump looked to cut too deep into personnel numbers or close key bases. The issue is not just troop numbers -- the US has capabilities such as air defenses, long-range missiles and satellite surveillance that allies would struggle to replace in the short-term. 'The kinds of defense investments by Europe that are being made coming out of The Hague summit may only be felt in real capability terms over many years,' said Ian Lesser from the German Marshall Fund think tank. 'So the question of timing really does matter.' 'Inopportune moment' Washington's desire to pull back from Europe may be tempered by Trump now taking a tougher line with Russia -- and Moscow's reluctance to bow to his demands to end the Ukraine war. 'It seems an inopportune moment to send signals of weakness and reductions in the American security presence in Europe,' Lesser said. He also pointed to Trump's struggles during his first term to pull troops out of Germany -- the potential bill for relocating them along with political resistance in Washington scuppering the plan. While European diplomats are feeling more confident than before about the troop review, they admit nothing can be certain with the mercurial US president. Other issues such as Washington's trade negotiations with the EU could rock transatlantic ties in the meantime and upend the good vibes. 'It seems positive for now,' said a third European diplomat. 'But what if we are all wrong and a force decrease will start in 2026. To be honest, there isn't much to go on at this stage.'
Al Arabiya
2 hours ago
- Al Arabiya
Russia's overnight attack on Ukraine wounds eight, including child
A Russian overnight air attack on Kyiv wounded eight residents of an apartment building, including a three-year-old child, authorities in the Ukrainian capital said on Monday. Four of those injured in the attack, which took place soon after midnight on Monday, have been hospitalized, with one person in serious condition, the head of Kyiv's military administration, Tymur Tkachenko, said on the Telegram messaging app. Kyiv's Mayor Vitali Klitschko said that all of the people were residents of a multi-story apartment building in the city's Darnytskyi district on the left bank of the Dnipro River. 'The blast wave damaged windows from the 6th to the 11th floor,' Klitschko said in a post on Telegram. The capital and most of Ukraine were under air raid alerts for several hours overnight following Ukrainian Air Force warnings of Russian missile and drone attacks. With the threat of missile strikes on western parts of Ukraine that border Poland - a NATO member - Polish armed forces scrambled aircraft to ensure the safety of Polish airspace. The central Ukrainian city of Kropyvnytskyi came under an attack, regional Governor Andriy Raikovych said, adding that emergency services were working on the site and information about potential damage will be released later on Monday. The full scale of the Russian attack on Ukraine was not immediately known. Reuters' witnesses heard loud blasts shaking the city of Kyiv overnight in what sounded like air defense units in operation. There was no comment from Russia on the attack. Both sides deny targeting civilians in their strikes in the war that Russia started in February 2022. But thousands of civilians have died in the conflict, the vast majority of them Ukrainian.
