
Chinese live-fire drill near Australia was not aimed just at the US
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China's reasonable and well-balanced approach to international relations outlined by Chinese Foreign minister Wang Yi in his
press conference on March 7 contrasts sharply with the Trump administration's bellicose, bullying, imperialist, isolationist approach to international relations ('In turbulent Trump times, China frames itself as defender of world stability',
March 7 ).
It's a contrast that presents Australia with an acute dilemma: how to reconcile our conflicting China and US relationships. Central to this dilemma is the fact that we now find ourselves locked in a strategic alliance with an American ally of doubtful reliability.
US President Donald Trump's behaviour is undermining the basic rationale behind our two strategic alliances with the United States: Aukus and ANZUS. Both alliances exist in defence of democracy and the rule of law in international relations.
Clearly, while Trump behaves as he does, our strategic alliance with the US is incompatible with our developing
rapprochement with our largest trading partner China.
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The reality may very well turn out to be that, unless Trump desists from his wrecking-ball approach to international relations, Australia will have to make a choice between Trump's US and most of the rest of the world including like-minded countries in Europe and our Indo-Pacific region (including China).

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HKFP
an hour ago
- HKFP
US, China agree on trade ‘framework' after high-level talks in London
Top officials from the United States and China said Tuesday that they had agreed on a 'framework' to move forward on trade, following two days of high-level talks in London to resolve tensions. US Commerce Secretary Howard Lutnick expressed optimism after a full day of negotiations that concerns surrounding rare earth minerals and magnets 'will be resolved' eventually, as the deal is implemented. But this framework will first need to be approved by leaders in Washington and Beijing, officials said, at the end of meetings at the British capital's historic Lancaster House. All eyes were on the outcomes of negotiations as both sides tried to overcome an impasse over export restrictions. US officials earlier accused Beijing of slow-walking approvals for shipments of rare earths. The world's two biggest economies were also seeking a longer-lasting truce in their escalating tariffs war, with levies currently only temporarily on hold. 'We're moving as quickly as we can,' US Trade Representative Jamieson Greer told reporters. 'We would very much like to find an agreement that makes sense for both countries,' he added, noting that the relationship was complex. 'We feel positive about engaging with the Chinese,' he maintained. Speaking separately to reporters, China International Trade Representative Li Chenggang said: 'Our communication has been very professional, rational, in-depth and candid.' Li expressed hope that progress made in London would help to boost trust on both sides. Productive talks US Treasury Secretary Scott Bessent earlier described the closely watched trade talks as productive, although scheduling conflicts prompted his departure from London with negotiations still ongoing. Bessent, who led the US delegation with Lutnick and Greer, left early to return to Washington for testimony before Congress, a US official told AFP. Chinese Vice Premier He Lifeng headed his country's team in London, which included Li and Commerce Minister Wang Wentao. Both sides do not yet have another gathering scheduled. But Lutnick said Tuesday that US measures imposed when rare earths 'were not coming' would likely be relaxed once Beijing moved forward with more license approvals. Global stock markets were on edge, but Wall Street's major indexes climbed on hopes for progress earlier Tuesday. The London negotiations follow talks in Geneva last month, which saw a temporary agreement to lower tariffs. This time, China's exports of rare earth minerals — used in a range of things including smartphones, electric vehicle batteries and green technology — were a key issue on the agenda. 'In Geneva, we had agreed to lower tariffs on them, and they had agreed to release the magnets and rare earths that we need throughout the economy,' US President Donald Trump's top economic adviser, Kevin Hassett, told CNBC on Monday. Even though Beijing was releasing some supplies, 'it was going a lot slower than some companies believed was optimal', he added. 'Mirror arsenal' Both countries 'have developed almost a mirror arsenal of trade and investment weapons that they can aim at each other,' said Emily Benson, head of strategy at Minerva Technology Futures. As they tap economic tools to try and shift global power structures, she told AFP, it may not be reasonable to expect a typical trade and investment deal. But both sides could find ways to level off a downward spiral. A dialing-down of temperatures could involve Chinese efforts to shore up the process for granting export control licenses, Benson said. She noted Beijing appeared understaffed given the volume of requests. On the US side, this could look like a relaxation of certain export curbs in the high-tech domain, she added. But observers remained cautious, with Thomas Mathews of Capital Economics warning that Washington was unlikely to 'back off completely.' This could weigh on markets. Since returning to office, Trump has slapped a 10 percent levy on friend and foe, threatening steeper rates on dozens of economies. His tariffs have dented trade, with Beijing data showing Chinese exports to the United States plunged in May. The World Bank on Tuesday joined other international organizations to slash its 2025 global growth forecast amid trade uncertainty. China is also in talks with partners including Japan and South Korea to try to build a united front countering Trump's tariffs.


Asia Times
2 hours ago
- Asia Times
Shooting journalists in Trump's America
The video of a Los Angeles police officer shooting a rubber bullet at Channel Nine reporter Lauren Tomasi is as shocking as it is revealing. In her live broadcast, Tomasi is standing to the side of a rank of police in riot gear. She describes the way they have begun firing rubber bullets to disperse protesters angry with US President Donald Trump's crackdown on illegal immigrants. As Tomasi finishes her sentence, the camera pans to the left, just in time to catch the officer raising his gun and firing a non-lethal round into her leg. She said a day later, she is sore, but otherwise OK. Although a more thorough investigation might find mitigating circumstances, from the video evidence, it is hard to dismiss the shot as 'crossfire.' The reporter and cameraman were off to one side of the police, clearly identified and working legitimately. The shooting is also not a one-off. Since the protests against Trump's mass deportations policy began three days ago, a reporter with the LA Daily News and a freelance journalist have been hit with pepper balls and tear gas. British freelance photojournalist Nick Stern also had emergency surgery to remove a three-inch plastic bullet from his leg. In all, the Los Angeles Press Club has documented more than 30 incidents of obstruction and attacks on journalists during the protests. It now seems assaults on the media are no longer confined to war zones or despotic regimes. They are happening in American cities, in broad daylight, often at the hands of those tasked with upholding the law. But violence is only one piece of the picture. In the nearly five months since taking office, the Trump administration has moved to defund public broadcasters, curtail access to information and undermine the credibility of independent media. International services once used to project democratic values and American soft power around the world, such as Voice of America, Radio Free Europe and Radio Free Asia, have all had their funding cut and been threatened with closure. (The Voice of America website is still operational but hasn't been updated since mid-March, with one headline on the front page reading 'Vatican: Francis stable, out of 'imminent danger' of death'). The Associated Press, one of the most respected and important news agencies in the world, has been restricted from its access to the White House and covering Trump. The reason? It decided to defy Trump's directive to change the name of the Gulf of Mexico to Gulf of America. Even broadcast licenses for major US networks, such as ABC, NBC and CBS, have been publicly threatened – a signal to editors and executives that political loyalty might soon outweigh journalistic integrity. The Committee to Protect Journalists is more used to condemning attacks on the media in places like Russia. However, in April, it issued a report headlined: 'Alarm bells: Trump's first 100 days ramp up fear for the press, democracy.' 🚨Law enforcement in Los Angeles shot non-lethal rounds that struck at least 4 reporters while covering protests that began on Friday and escalated over the weekend following immigration raids. Trump deployed 2,000 National Guard members to the state against local authorities'… — Committee to Protect Journalists (@pressfreedom) June 9, 2025 Why does this matter? The success of American democracy has never depended on unity or even civility. It has depended on scrutiny. A system where power is challenged, not flattered. The First Amendment to the US Constitution – which protects freedom of speech – has long been considered the gold standard for building the institutions of free press and free expression. That only works when journalism is protected – not in theory but in practice. Now, strikingly, the language once reserved for autocracies and failed states has begun to appear in assessments of the US. Civicus, which tracks declining democracies around the world, recently put the US on its watchlist, alongside the Democratic Republic of Congo, Italy, Serbia and Pakistan. The attacks on the journalists in LA are troubling not only for their sake, but for ours. This is about civic architecture. The kind of framework that makes space for disagreement without descending into disorder. Press freedom is not a luxury for peacetime. It is a requirement for peace. Peter Greste is professor of journalism and communications, Macquarie University This article is republished from The Conversation under a Creative Commons license. Read the original article.


Asia Times
2 hours ago
- Asia Times
Asia's shaky economies need a US-China trade truce, fast
As Asian governments go through the motions of negotiating with the US, Donald Trump's trade war is inflicting serious and ever-increasing damage on the region's largest economies. It remains to be seen what the US and China will ultimately agreed on in London this week. Vague talk of a preliminary strategy to ease trade tensions, with zero specifics or timelines, has so far left global markets with more questions than answers. The final readout said the two sides agreed in principle on a framework for de-escalating trade tensions, which will next be presented to Trump and Chinese President Xi Jinping for approval, according to reports. In the meantime, Japan and South Korea, Asia's No 2 and No 4 economies, are officially in negative territory, both down 0.2% in the first quarter on an annualized basis. What's important to consider is that these contractions predate the worst of Trump's tariffs. As the full brunt of those import taxes hits, Japan and Korea are sure to slide deeper into the red. Those levies include 30% on China, down from 145% earlier, 25% on autos, 50% on steel and aluminum and 10% across the board globally. Things could quickly get worse from there if China's factory gate deflation deepens. In May, China's producer prices fell to the lowest level in nearly two years. Consumer prices, meanwhile, extended declines as trade headwinds collide with a prolonged housing downturn. The 3.3% year-on-year drop in the May producer price index was even steeper than the 2.7% decline in April — and the deepest contraction in 22 months. China, says economist Zhiwei Zhang at Pinpoint Asset Management, 'continues to face persistent deflationary pressure.' Given the magnitude of the headwinds, says Johns Hopkins University economist Steve Hanke, it's 'no surprise' why this is the fourth-straight month in which China's consumer price trajectory 'has been gripped with an outright deflation.' The collateral damage from Trump's trade war is rising, in part because no one knows where the tariffs are headed. On China, it's still an open question whether Trump will lower Chinese taxes to 10% or raise them to 100%. For Japan and Korea, only Trump can say whether or not reciprocal tariffs of 24% and 25%, respectively, will soon return. Risks abound as neither Japanese Prime Minister Shigeru Ishiba nor new South Korean President Lee Jae-myung seems in any hurry to sign a bilateral trade pact with the US that might disadvantage their populations. That risks enraging a Trump White House desperate for any deal at all. Declarations by Trump trade Peter Navarro and Howard Lutnick have aged terribly. Trade advisor Navarro earlier assured that Trump would seal 90 deals in 90 days. Commerce Secretary Lutnick's late April statement that Trump already had 200 agreements nailed down is now a punchline. As Trump becomes more desperate for a win, real or imagined, the odds of him making tariffs great again increase. Especially since Chinese leader Xi Jinping hasn't rolled out lots of concessions, as Trump hoped. Optimism that Xi's government might increase the flow of now-restricted rare-earth minerals hasn't come to fruition. On Sunday, Kevin Hassett, Trump's National Economic Council head, told CBS News: 'We want the rare earths, the magnets that are crucial for cell phones and everything else to flow just as they did before the beginning of April, and we don't want any technical details slowing that down. And that's clear to them.' Yet what Xi has in common with Ishiba and Lee is a belief that time is on his side. The longer Trump's tariffs fan US inflation and cause economic disruption at home, the more he needs big splashy trade deals to justify the pain households are enduring in the name of making America great again. It follows, then, that Trump will become more willing to sign trade deals in name only to save face. That's the strategy China and Japan employed during the Trump 1.0 era to great effect. And it might well work again under Trump 2.0. The best hope for the global economy and financial system is Trump throttling back on tariffs in the months ahead. 'If this problem goes away, I think that the second half of this year will actually be one of growth,' says Indermit Gill, the World Bank's chief economist. The World Bank has a rather bleak view of the rest of 2025. It expects the slowest growth in 17 years, outside of recessionary periods. It sees global growth weakening to 2.3% this year, 0.4 percentage points less than it expected a few months back. Trouble in bigger economies is sure to spill over into smaller, less developed ones, given today's 'tight trade and investment linkages' with the US, Europe and China, the World Bank said in a report. The good news is that 'capital flows to emerging markets stabilized in May, breaking a two-month pattern of volatility and retrenchment,' says Jonathan Fortun, an economist at the Institute of International Finance. Non-resident flows rose to US$19.2 billion, marking a decisive shift from the $3.7 billion net outflow recorded in April. 'The rebound,' Fortun says, 'was broad-based, with both equity and debt components contributing positively. However, the recovery masks significant asymmetries across regions and asset classes, and the underlying investor tone remains cautious in light of ongoing global uncertainty.' Fortun adds that emerging Asia was the main beneficiary in May, attracting $11.4 billion across asset classes. 'The bulk of the inflows came through local debt and equity channels, as investors responded to stabilizing inflation prints and more predictable policy stances,' he says. In contrast, Fortun adds, Latin America recorded a modest 1.1 billion in net inflows, with strong equity demand partially offset by a sharp decline in debt flows. Emerging Europe attracted $5.1 billion, 'supported by resilient demand for domestic bonds in countries with improved fiscal outlooks,' he notes. In Japan's case, says economist Takeshi Yamaguchi at Morgan Stanley MUFG, markets are waiting with bated breath for the Bank of Japan's views on downside risks. BOJ Governor Kazuo Ueda, after all, is grappling with the impact of Trump's 25% automobile tariff by the US on small and midsize enterprises and spring wage negotiations amid prolonged US-Japan trade discussions. Yamaguchi says BOJ officials are also watching the impact of China's rare-earth export regulations on manufacturing activity, including automobile production. Other factors include the impact of US lawmakers giving Trump latitude to tax foreign investors, including potentially for punitive purposes on US Treasury holders. 'All underlying inflation measures of the BOJ have risen further' in the central bank's latest update, Yamaguchi says. Stefan Angrick, head of Japan at Moody's Analytics, notes that 'tariffs and tariff threats are damaging [Japan's] exports and industrial production. Household spending is weak as inflation outpaces wage growth, and pay gains may slow further if tariff pain derails the economy.' At the same time, Angrick says, slowing inflation will 'help home-made demand find better traction, but reduced government support for energy bills and a surge in food prices mean inflation will decelerate very gradually.' This will push real pay gains further into the distance, raising the stakes ahead of the upper house election in July, Angrick adds. Opposition parties have called for consumption tax cuts to ease the cost-of-living crisis. 'We're not convinced that's the best way forward,' Angrick says. But Prime Minister Shigeru's blanket rejection of all forms of fiscal support was already looking shaky before the trade war ramped up. All told, the outlook for 2025 looks extremely challenging.' In Seoul, the arrival of President Lee's new administration 'will reduce political tensions and improve the country's economic outlook,' following the six-month vacuum caused by Yoon Suk Yeol's impeachment, says Jeremy Chan, a Eurasia Group analyst. 'Lee will immediately confront two major challenges: reviving economic growth and striking a trade deal with the US to reduce crippling US tariffs on Korean exports,' Chan says. China's trajectory is complicated by a serious property crisis that's helping to drive deflation. The danger is that the trade war precipitates 'a race deeper into deflation,' says Tom Orlik, chief economist for Bloomberg Economics. Zichun Huang, China economist at Capital Economics, adds that 'we still think persistent overcapacity will keep China in deflation both this year and next.' There's still hope Trump might pivot away from tariffs. Headlines about several trillions of dollars of stock market losses, talk of a 'Trumpcession' and chatter that the so-called 'bond vigilantes' were displeased had Trump backing off. The same with China's stance going into the weekend trade talks in Geneva in mid-May, where Team Xi demanded a goodwill gesture on tariffs; Trump ultimately obliged by throttling back on import taxes from 145% to 30%. Asian 'economies now face the secondary shock of an influx of cheap Chinese imports, as China exports excess capacity amid subdued domestic demand and elevated trade tensions with the US and other developed markets,' says Alex Wolf, head of Asia investment strategy at JP Morgan Private Bank. 'This phenomenon is already negatively impacting local emerging market manufacturing and employment.' Wolf adds that 'as the Trump administration targets not just China but almost every trading partner with trade imbalances – whether due to trade deficits or tariff rate differentials – many EM [emerging market] economies could end up in the crosshairs. With both the direct impact of US tariffs and the indirect impact of a slowing China and weaker global trade, EM economies may face tougher challenges ahead.' Yet the detour in Trump's phraseology thickens the plot. Around 'Liberation Day' on April 2, Trump World argued the US is being 'looted, pillaged, raped and plundered by nations near and far.' Since then, Trump's White House has also talked of the 'importance of a sustainable, long-term and mutually beneficial economic and trade relationship.' All officials in Tokyo and Seoul can do is hope real progress was made behind closed doors in London this week. In the interim, though, Asia's 2025 is turning out monumentally different from what Asia expected. Follow William Pesek on X at @WilliamPesek