logo
China, India should stand together in face of US tariffs, says Chinese Embassy in India

China, India should stand together in face of US tariffs, says Chinese Embassy in India

Al Arabiya08-04-2025

India and China should stand together to overcome difficulties in the face of tariffs imposed by US President Donald Trump's administration, the spokesperson of the Chinese Embassy in India said on Tuesday.
'China-India economic and trade relationship is based on complimentarity and mutual benefit. Facing the U.S. abuse of tariffs... the two largest developing countries should stand together to overcome the difficulties,' spokesperson Yu Jing said in a post on X.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil Updates — prices rise as US-China talks counter OPEC supply worries
Oil Updates — prices rise as US-China talks counter OPEC supply worries

Arab News

time17 minutes ago

  • Arab News

Oil Updates — prices rise as US-China talks counter OPEC supply worries

SINGAPORE: Oil prices climbed on Tuesday as investors awaited the outcome of US-China talks that could pave the way for easing trade tensions and improve fuel demand. Brent crude futures rose 22 cents, or 0.3 percent, to $67.26 a barrel by 09:45 a.m. Saudi time. US West Texas Intermediate crude was up 18 cents, or 0.3 percent, at $65.47. On Monday, Brent had risen to $67.19, the highest since April 28, buoyed by the prospect of a US-China trade deal. US-China trade talks were set to continue for a second day in London as top officials aimed to ease tensions that have expanded from tariffs to rare earth curbs, risking global supply chain disruptions and slower growth. Prices have recovered as demand concerns have faded with the trade talks between Washington and Beijing and a favourable US jobs report, while there are risks to North American supply due to wildfires in Canada, Goldman Sachs analysts said. US President Donald Trump said on Monday that the talks with China were going well and he was 'only getting good reports' from his team in London. A trade deal between the US and China could support the global economic outlook and boost demand for commodities including oil. Elsewhere, Iran said it would soon hand a counter-proposal for a nuclear deal to the US in response to a US offer that Tehran deems 'unacceptable,' while Trump made clear that the two sides remained at odds over whether the country would be allowed to continue enriching uranium on Iranian soil. Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries and any easing of US sanctions on Iran would allow it to export more oil, weighing on global crude prices. Meanwhile, a Reuters survey found that OPEC oil output rose in May, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the UAE made smaller hikes than allowed. OPEC+, which pumps about half of the world's oil and includes OPEC members and allies such as Russia, is accelerating its plan to unwind its most recent layer of output cuts. 'The prospect of further hikes in OPEC supply continues to hang over the market,' Daniel Hynes, senior commodity strategist at ANZ, said in a note. 'A permanent shift to a market driven strategy (in OPEC) would push the oil market into a sizeable surplus in H2 2025 and almost surely lead to lower oil prices.'

Huawei Chips Are One Generation Behind US but Firm Finding Workarounds, CEO Says
Huawei Chips Are One Generation Behind US but Firm Finding Workarounds, CEO Says

Asharq Al-Awsat

timean hour ago

  • Asharq Al-Awsat

Huawei Chips Are One Generation Behind US but Firm Finding Workarounds, CEO Says

Huawei Technologies' chips are one generation behind those of US peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees promise in compound chips - chips made from multiple elements - Ren said in an interview with the People's Daily newspaper of the governing Communist Party. There is "no need to worry about the chip problem", Ren said, addressing concerns stemming from US export controls. The article, published on the front page of the newspaper, come as top US and Chinese officials are set to resume trade talks for a second day in London where topics such US tech restrictions on China are expected to be discussed. Since 2019, a slew of US export curbs, aimed at curbing China's technological and military advancements, have restricted Huawei and other Chinese firms from accessing high-end chips and the equipment needed to produce them from abroad. Ren's comments are the first ever from him or Huawei about the company's advanced chipmaking efforts, which have become a flashpoint in US-China tensions. Huawei is just one of many Chinese chipmakers, Ren said in the interview, adding: "The United States has exaggerated Huawei's achievements. Huawei is not that great. We have to work hard to reach their evaluation." "Our single chip is still behind the US by a generation. We use mathematics to supplement physics, non-Moore's law to supplement Moore's law and cluster computing to supplement single chips and the results can also achieve practical conditions. Software is not a bottleneck for us," he said. Cluster computing is when multiple computers work together. Moore's law refers to the speed of chip advancement. HUAWEI'S LAUNCHES Huawei's Ascend series of AI chips compete in China with offerings from Nvidia, the global leader in AI chips. The US commerce department last month said the use of Ascend chips would be a violation of export controls. Nvidia's AI chips are more powerful than Huawei's but the company has been barred by Washington from selling its most sophisticated chips to China, causing it to lose significant market share to Huawei. In April, Huawei launched "AI CloudMatrix 384", a system that links 384 Ascend 910C chips in a cluster that companies can use to train AI models, which has been described by analysts as able to outperform Nvidia's GB200 NVL72 system on some metrics. Dylan Patel, founder of semiconductor research group SemiAnalysis, said in an article that month that it meant that Huawei and China now had AI system capabilities that could beat Nvidia. Nvidia and the US commerce department did not immediately respond to a request for comment on Ren's remarks. Ren also said about a third of Huawei's annual research spending went to theoretical research while the rest was spent on product research and development. "Without theory, there will be no breakthroughs, and we will not catch up with the United States."

Iran involved in Gaza hostage negotiations: Trump
Iran involved in Gaza hostage negotiations: Trump

Al Arabiya

time2 hours ago

  • Al Arabiya

Iran involved in Gaza hostage negotiations: Trump

US President Donald Trump said on Monday Iran is involved in negotiations aimed at arranging a ceasefire-for-hostages deal between Israel and Hamas. 'Gaza right now is in the midst of a massive negotiation between us and Hamas and Israel, and Iran actually is involved, and we'll see what's going to happen with Gaza. We want to get the hostages back,' Trump told reporters during an event in the White House State Dining Room. Trump did not elaborate and the White House did not immediately respond to a request for details of Iran's involvement. Iran's mission to the United Nations in New York did not immediately respond to a request for comment. The United States has proposed a 60-day ceasefire between Israel and Hamas. Israel said it would abide by the terms but Hamas thus far has rejected the plan. Under the proposal 28 Israeli hostages - alive and dead - would be released in the first week, in exchange for the release of 1,236 Palestinian prisoners and the remains of 180 dead Palestinians. The United States and Iran are also separately trying to negotiate a deal on Tehran's nuclear program.

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