War with China: inside Taiwan's biggest ever military drills
Fresh from reporting on live fire drills off the Taiwanese coast, The Telegraph's Asia correspondent Allegra Mendelson shares the latest on Indo-Pacific tensions with Roland Oliphant.
Also, Roland speaks to Neal Urwitz, close friend of the US Under Secretary of Defense for Policy - Elbridge A. Colby - to discuss the latter's push to dramatically refocus America's military might purely on Taiwan.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Guardian
18 minutes ago
- The Guardian
US and China hold trade talks after Donald Trump eyes ‘world tariff'
Update: Date: 2025-07-29T06:58:13.000Z Title: US-China talks extension 'likely' as Trump targets 'world tariff' Content: Good morning, and welcome to our live coverage of business, economics and financial markets. After the US and EU announced the outline of a trade deal that would limit tariffs to 15%, it looks like talks with China could be the next on the agenda, with an extension of a truce in the trade war 'likely', according to a top official in the Trump administration. US Treasury chief Scott Bessent arrived yesterday in Sweden, alongside China's vice premier He Lifeng, according to Reuters. Back in the US, Howard Lutnick, the commerce secretary told Fox News that a delay to a higher tariff deadline was probable: Is that a likely outcome? Sure, it seems that way, but let's leave it to President Trump to decide. Donald Trump triggered financial market chaos after slapping tariffs at 145% on China. However, in May he announced a 90-day pause, lowering tariffs to (a still significant) 30%. That left a deadline of 12 August for the talks, but it is US trade representative Jamieson Greer told the CNBC news channel he did not expect 'some kind of enormous breakthrough today' at the talks in Stockholm, although he flagged that a deal last month to speed up rare earth metal imports from China to the US would be on the agenda. He said: What I expect is continued monitoring and checking in on the implementation of our agreement thus far, making sure that key critical minerals are flowing between the parties and setting the groundwork for enhanced trade and balanced trade going forward. It came after the US and EU announced a deal to limit tariffs to 15%. The end of market uncertainty appeared to be welcomed at first by markets on Monday – only for the mood to sour somewhat later in the day. The French prime minister, François Bayrou, said the EU had capitulated to Donald Trump, and said it was a 'dark day' for the EU. Trump on Monday suggested that he could impose a 'world tariff' on all of the countries that have not agreed a trade deal. That tariff could be 15% or 20% – meaning that, after all the negotiating effort, the EU could be left with similar terms to the rest of the world. At his golf course in Scotland yesterday, while visiting UK Prime Minister Keir Starmer, Trump said: I would say it'll be somewhere in the 15 to 20% range. Probably one of those two numbers. On the prospects of Chinese talks, Trump said: I'd love to see China open up their country. Back in May, Trump had said that China had already 'agreed to open up' – but it appears there may be more work to be done. 9:30am BST: Bank of England mortgage approvals (June; previous: 63,032; consensus: 63,000) 9:30am BST: Bank of England consumer credit (June; previous: £859m; consensus: £1.2bn)
Times
an hour ago
- Times
Business live: Asian markets slip on jitters over downside of tariffs
A further risk to world growth came from a rise in oil prices after President Trump threatened a shortened deadline of 10 or 12 days for Russia to make progress towards ending the war in Ukraine or face tougher sanctions on oil exports. Trump said there was 'no reason in waiting' because of a lack of tangible action by President Putin. The sanctions would impose 100 per cent tariffs on buyers of Russian oil, with the biggest customers being India and China. The spot price for Brent crude rose $1.26 to $70.10 a barrel on concerns about global crude supplies. Trump has been unable to fulfil his promise to resolve the war quickly. Asian stocks slipped as relief that the US-EU trade deal had avoided a trade war gave way to concerns about the damage tariffs could cause to growth and inflation. The 15 per cent levy on Europe compares with tariffs of 1 per cent to 2 per cent before President Trump took office. German chancellor Friedrich Merz, who had said the agreement had 'succeeded in averting a trade conflict', later said it would cause 'considerable damage' to his country, Europe and the US. Economists at JP Morgan wrote: 'While the worst case scenario was averted, the implied EU tariff increase from 1 per cent in January is a significant tax increase on EU exports. This is a very big shock that unwinds a century of US leadership in global free trade.' Markets in Japan, China, Australia and India were lower, with only South Korea's Kospi higher. On Wall Street, the S&P 500 and Nasdaq rose to record highs as investors looked beyond the trade deal. The Dow Jones industrial average finished a fraction lower. Equity futures, however, are pointing to the markets in Europe edging higher when trading begins.
Reuters
2 hours ago
- Reuters
Russian strikes on Zaporizhzhia kill 16, injure at least 35, Ukraine says
July 29 (Reuters) - Russia's multiple overnight strikes on the frontline region of Zaporizhzhia in southwestern Ukraine killed 16 and injured at least 35 people at a correctional facility, regional Ukrainian military and Zaporizhzhia's governor said on Tuesday Zaporizhzhia governor Ivan Fedorov, writing on the Telegram messaging app, said that the correctional facility's buildings were destroyed, and nearby private homes were also damaged. Moscow forces have regularly attacked Zaporizhzhia, using drones, missiles and aerial bombs, since the start of the war that Russia started with a full-scale invasion of Ukraine in 2022. Russia unilaterally declared early in the war its annexation of parts of Zaporizhzhia and areas in and around three other Ukrainian regions. Kyiv and its Western allies called the move an illegal land grab. Fedorov said that Russian forces launched eight strikes on the Zaporizhzhia district, reportedly using high-explosive aerial bombs. Reuters could not independently verify Fedorov's report. There was no immediate comment from Russia. Both sides deny targeting civilians in their strikes, but thousands of civilians have been killed in the conflict, the vast majority of them Ukrainian. (This story has been corrected to say 'Fedorov's report', not 'Ivanov's report', in paragraph 6)
