Huawei Founder Dismisses U.S. Export Control Concerns
U.S. chip restrictions won't have an impact on Huawei Technologies, its founder has said, dismissing concerns that it will be squeezed by export controls.
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CNN
15 minutes ago
- CNN
Airlines offering vouchers, new flights for passengers impacted by airport delays during Army parade in DC
Passengers flying through Ronald Reagan Washington National Airport on Saturday will experience delays as the Army celebrates its 250th birthday with a parade and flyover in Washington, DC. The celebration, which coincides with President Donald Trump's birthday, will impact vehicle and airline traffic. The Federal Aviation Administration said it will issue temporary flight restrictions for the Washington area during the celebration, which begins with a parade at 6:30 p.m. and ends with fireworks at 9:45 p.m. From 6 p.m. to 10 p.m. Saturday, 65 flights are scheduled to arrive at Reagan airport in Northern Virginia and 39 are scheduled to depart, according to Cirium, an aviation analytics firm. The airport is accommodating for the military flyovers along the parade route and a fireworks display, according to its website. The FAA is working with the Department of Defense to finalize a flyover plan, which will detail the aircraft involved. 'The FAA will implement traffic management initiatives at DCA before, during, and after the event to ensure safety and will facilitate a return to normal operations once the event concludes,' the agency said in a statement. 'During the peak of the celebration, the TMI stops all arrivals and departures.' United Airlines told CNN it is offering a travel waiver for Reagan flyers and is adding two additional departures and two arrivals at Washington Dulles International Airport in Virginia as an alternative. Delta Air Lines has a fare-difference waiver for passengers who want to move their booked travel to another day. Southwest Airlines said passengers on the approximately 20 scheduled flights can anticipate some delays, but it is planning for no cancellations. There is also a travel waiver in place for Southwest flyers. Alaska Airlines' exposure is fairly limited during the celebration window, and the airline canceled one flight to San Francisco International Airport and rebooked it to Dulles. It estimates the three flights scheduled during the time frame to be delayed for an hour. The hold on airport traffic comes after the January midair collision between an American Airlines regional jet and an Army Black Hawk military helicopter. The crash, which killed 67 people, led to a ban on helicopter traffic on a four-mile stretch over the Potomac River.
Yahoo
19 minutes ago
- Yahoo
US-China talks end with plan for Trump and Xi to approve
The US and China say they have agreed in principle to a framework for de-escalating trade tensions between the world's two biggest economies. US Commerce Secretary Howard Lutnick said the deal should result in restrictions on rare earth minerals and magnets being resolved. Both sides said they would now take the plan to their country's presidents - Donald Trump and Xi Jinping - for approval. The announcement came after two days of negotiations in London between top officials from Beijing and Washington. Chinese exports of rare earth minerals, which are crucial for modern technology, were high on the agenda of the meetings. Last month, Washington and Beijing agreed a temporary truce over trade tariffs but each country has since accused the other of breaching the deal. The US has said China has been slow to release exports of rare earth metals and magnets which are essential for manufacturing everything from smartphones to electric vehicles. Meanwhile, Washington has restricted China's access to US goods such as semiconductors and other related technologies linked to artificial intelligence (AI). "We have reached a framework to implement the Geneva consensus," Lutnick told reporters. "Once the presidents approve it, we will then seek to implement it," he added. The new round of negotiations followed a phone call between Donald Trump and China's leader Xi Jinping last week which the US President described as a "very good talk". "The two sides have, in principle, reached a framework for implementing the consensus reached by the two heads of state during the phone call on June 5th and the consensus reached at the Geneva meeting," China's Vice Commerce Minister Li Chenggang said. When Trump announced sweeping tariffs on imports from a number of countries earlier this year, China was the hardest hit. Beijing responded with its own higher rates on US imports, and this triggered tit-for-tat increases that peaked at 145%. In May, talks held in Switzerland led to a temporary truce that Trump called a "total reset". It brought US tariffs on Chinese products down to 30%, while Beijing slashed levies on US imports to 10% and promised to lift barriers on critical mineral exports. It gave both sides a 90-day deadline to try to reach a trade deal. But the US and China have since claimed breaches on non-tariff pledges. US Trade Representative Jamieson Greer said China had failed to rollback restrictions on exports of rare earth magnets. Beijing said US violations of the agreement included stopping sales of computer chip design software to Chinese companies, warning against using chips made by Chinese tech giant Huawei and cancelling visas for Chinese students. Ahead of this week's talks, the Chinese Ministry of Commerce said on Saturday that it had approved some applications for rare earth export licences, although it did not provide details of which countries were involved. Trump said on Friday that Xi had agreed to restart trade in rare earth materials. US and China meet for trade talks in London Trump confirms China trip after 'very good' call with Xi China says US has 'severely violated' tariffs truce
Washington Post
22 minutes ago
- Washington Post
Appeals court lets Trump administration keep collecting tariffs while challenges continue
WASHINGTON — A federal appeals court agreed Tuesday to let the government keep collecting President Donald Trump's sweeping import taxes while challenges to his signature trade policy continue on appeal. The decision by the U.S. Court of Appeals for the Federal Circuit extends a similar ruling it made after another federal court struck down the tariffs May 28, saying Trump had overstepped his authority. Noting that the challenges to Trump's tariffs raise 'issues of exceptional importance,'' the appeals court said it would expedite the case and hear arguments July 31.
