China, India should stand together in face of US tariffs, says Chinese Embassy in India
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Argaam
27 minutes ago
- Argaam
Oil prices fall slightly ahead of US-China trade talks
Oil prices slipped in early trade today, June 9, as markets awaited bilateral trade talks between the world's two largest economies, scheduled to take place in London later in the day. Brent crude was trading down 0.1% at $66.40 a barrel, at 08:03 am Makkah time. West Texas Intermediate (WTI) crude fell 0.1% to $64.52 a barrel. Three top aides to US President Donald Trump are scheduled to meet with their Chinese counterparts today, in the first meeting on US-China economic and trade negotiations, Reuters reported. According to Customs data, the world's largest buyer of crude oil imported 46.6 million tons in May, equivalent to 10.97 million barrels per day (bpd), a 3% decrease month-on-month and the lowest daily level in four months.
Arab News
an hour ago
- Arab News
Climate change heightens risk of Indian farmer suicides
BEED: On a small farm in India's Maharashtra state, Mirabai Khindkar said the only thing her land grew was debt, after crops failed in drought and her husband killed suicides have a long history in India, where many are one crop failure away from disaster, but extreme weather caused by climate change is adding fresh yields due to water shortages, floods, rising temperatures and erratic rainfall, coupled with crippling debt, have taken a heavy toll on a sector that employs 45 percent of India's 1.4 billion husband Amol was left with debts to loan sharks worth hundreds of times their farm's annual income, after the three-acre (one-hectare) soybean, millet and cotton plot withered in scorching swallowed poison last year.'When he was in the hospital, I prayed to all the gods to save him,' said 30-year-old Mirabai, her voice died a week later, leaving behind Mirabai and three children. Her last conversation with him was about personal tragedy is replicated daily across Marathwada, a region in Maharashtra of 18 million, once known for fertile year, extreme weather events across India affected 3.2 million hectares (7.9 million acres) of cropland — an area bigger than Belgium — according to the New Delhi-based Center for Science and Environment research 60 percent of that was in Maharashtra.'Summers are extreme, and even if we do what is necessary, the yield is not enough,' said Amol's brother and fellow farmer Balaji Khindkar.'There is not enough water to irrigate the fields. It doesn't rain properly.'Between 2022 and 2024, 3,090 farmers took their own lives in Marathwada, an average of nearly three a day, according to India's Minister of Agriculture Shivraj Singh statistics do not specify what drove the farmers to kill themselves, but analysts point to several likely factors.'Farmer suicides in India are a consequence of the crisis of incomes, investment and productivity that you have in agriculture,' said R. Ramakumar, professor of development studies at the Tata Institute of Social across many Indian smallholdings is done largely as it has been for centuries, and is highly dependent on the right weather at the correct time.'What climate change and its vulnerabilities and variabilities have done is to increase the risks in farming,' Ramakumar 'is leading to crop failures, uncertainties... which is further weakening the economics of cultivation for small and marginal farmers.'The government could support farmers with better insurance schemes to cope with extreme weather events, as well as investments in agricultural research, Ramakumar said.'Agriculture should not be a gamble with the monsoon.'Faced with uncertain weather, farmers often look to stem falling yields by investing in fertilizers or irrigation banks can be reluctant to offer credit to such uncertain turn to loan sharks offering quick cash at exorbitant interest rates, and risking catastrophe if crops fail.'It is difficult to make ends meet with just farming,' Mirabai said, standing outside her home, a tin-roofed hut with patch-cloth husband's loans soared to over $8,000, a huge sum in India, where the average monthly income of a farming household is around $ works on other farms as a laborer but could not pay back the debt.'The loan instalments piled up,' she said, adding that she wants her children to find jobs outside of farming when they grow up.'Nothing comes out of the farm.'The agricultural industry has been in a persistent crisis for while Maharashtra has some of the highest suicide rates, the problem is people in the farming sector killed themselves every day in 2022, according to national crime records bureau another farm in Marathwada, 32-year-old farmer Shaikh Imran took over the running of the family smallholding last year after his brother took his own is already more than $1,100 in debt after borrowing to plant crop the pop of explosives echoes around as farmers blast wells, hoping to hit water.'There's no water to drink,' said family matriarch Khatijabi. 'Where shall we get water to irrigate the farm?'
Al Arabiya
2 hours ago
- Al Arabiya
Elon Musk and Donald Trump's ugly divorce
In one of his emotional outbursts, Elon Musk wrote months ago on his platform 'X': 'I love [Donald Trump] as much as a straight man can love another man.' Since then, we've seen him – with his son – accompanying Trump more often than we see the president with his own wife and son, Barron. Yet this affection and personal attraction were, in reality, built on fragile foundations of mutual interest and benefit. It was expected that this tangled relationship would end quickly – but not in the bitter and ugly way it did, when Musk accused his former boss of ties to the infamous Jeffrey Epstein case and called for his ouster. Trump, known for firing his staff in humiliating ways – sometimes without them even knowing – and calling them 'idiots,' couldn't treat the richest man in the world the same way. Elon Musk is no ordinary man, and he played a critical role in Trump's re-election. That's why Trump tried to ease him out gracefully and with minimal damage. In a bland farewell ceremony before reporters in the Oval Office, he handed Musk – who was in a state of turmoil – a golden key in honor of his service. In his parting words, Musk said he would remain a supporter and friend to Trump, who, despite Musk's remarks, tried to absorb the blow and calm the tension. But just a few days later, Musk launched a furious, unhinged attack on his former boss, declaring that he hadn't meant what he said in front of millions. Musk is an emotional and volatile figure, difficult to contain. This is one of the key reasons behind the rift between him and Trump that led to this ugly split. While Trump seeks to weaken established institutions and challenge the so-called deep state, Musk operates entirely outside traditional government structures, disregarding its norms and conventions altogether. Trump, despite rebelling against Washington and its elite, still adhered to some rules and never became an absolute destructive force – after all, he is the president of the United States. Musk, on the other hand, has never worked in government, but wants to change it as he does his corporate leadership teams – without oversight or accountability. His clash with members of Trump's administration over the government efficiency board known as 'DOGE' sparked much controversy. He used a harsh management style, and although Trump publicly supported him at first, Musk's employee purge campaign ultimately damaged Trump's political image and failed to deliver the promised financial savings. It was a chaotic project doomed to fail from the very beginning. Another rift between Musk and Trump lies in their worldviews. After Trump's victory, Musk entered into a state of hysterical celebration, declaring that the win would serve human civilization and the interests of mankind. Musk's motivations are cosmic and idealistic, whereas Trump speaks in terms of individual interests, 'America First,' egg prices, and tariffs. While Musk saw Trump's win as a turning point in human history, Trump was busy attacking Biden and blaming him. Their conflict was a collision of extremes – excessive idealism versus self-serving realism, visionary romanticism versus cold materialism. For all these reasons, the split wasn't surprising – it was a logical conclusion to a fragile relationship between two personalities who were never meant to meet in the first place.
