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Starmer Vows Big UK Immigration Drop to Thwart Farage's Rise

Starmer Vows Big UK Immigration Drop to Thwart Farage's Rise

Bloomberg12-05-2025

Prime Minister Keir Starmer said he would end the UK's 'experiment in open borders' with tougher plans to curb migration, seeking to head off the growing electoral threat from Nigel Farage's populist Reform party.
'We risk becoming an island of strangers,' Starmer said at a press conference from Downing Street on Monday, where he set out plans to increase English-speaking requirements for migrants and make it harder for them to stay in the country. 'I believe we need to reduce immigration significantly.'

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US-China Trade Talks: The Limits Of Diplomacy
US-China Trade Talks: The Limits Of Diplomacy

Forbes

time2 hours ago

  • Forbes

US-China Trade Talks: The Limits Of Diplomacy

Delegations of China and the U.S. pose for a group photo prior to the first meeting of the ... More China-U.S. economic and trade consultation mechanism in London, Britain, June 9, 2025. The meeting opened here on Monday. Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, attended the meeting with U.S. representatives. (Photo by Li Ying/Xinhua via Getty Images) In early June 2025, officials from the U.S. and China convened in an attempt to to prevent salvage economic ties from spiraling out of control and causing significant damage to both economies. Talks took place in London's historic Lancaster House, as they sought to rescue an earlier negotiated tariff truce and defuse escalating export controls. The negotiations aimed to extend the 90-day pause on punitive tariffs agreed in Geneva, revive cross-border trade flows, and hammer out a framework on rare-earth minerals and high-end technology exports. However, the talks ultimately accomplished few tangible benefits that President Trump sought to originally gain from the implementation of these tariffs, namely to stem the flow of fentanyl, motivate companies to reshore to the US, and close the trade deficit. Instead, he temporarily paused these measures by both sides and returned to the dynamics prior to his 'Liberation Day' and the imposition of tariffs globally. The June 9 to 10 London talks — led by U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and USTR Jamieson Greer from the U.S. and China's Vice Premier He Lifeng and Commerce Minister Wang Wentao — were convened against a backdrop of deep mutual distrust. Since 2018, the two sides have imposed tit-for-tat duties, with U.S. tariffs on Chinese exports staying around 19-21% from the end of Trump's first term until the beginning of his second, and Beijing following suit with…. After Liberation Day, US tariffs reached a high of 145% before decreasing to 30%, while Beijing imposed a retaliatory tariff of 125% before settling at its current level of 10%.These actions have stifled more than $600 billion in bilateral trade and rattled global markets. At the same time, The Trumps' administration's erratic and inconsistent messaging has also allowed for Wall Street to start pricing in volatility. Moreover a new TACO theory emerged, 'TACO or Trump Always Chickens Out.' This asserts that despite Trumps tough trade policy rhetoric, when markets become too volatile Trump will always reverse course. US Reliance on Critical Rare Earth Metals US Reliance on Rare Earth Imports from China In April 2025, China further escalated tensions by instituting a requirement of export licenses for critical rare-earth minerals, resulting in a 20% year-on-year decrease in shipments to the U.S. and Europe. Due to China's dominance in rare earth exports to the US, this triggered alarms in various industries, most notably in the electric vehicle and aerospace sector. Meanwhile, Washington broadened its export curbs on advanced semiconductors, chip-making equipment, and aerospace components, with a particular intensification after the two countries' Geneva talks, amplifying China's sense of economic siege. Despite the high stakes, negotiators emerged from London with only a modest 'interim framework' rather than a sweeping accord. However, Trump still claimed in a Truth Social post that 'the relationship is excellent.' The enthusiasm from the president is in large part due to China agreeing to temporarily grant export licenses for rare-earth magnets and related components, enabling U.S. automakers such as Ford, GM, and Stellantis to replenish inventories after April's curbs. At the same time, the U.S. stopped short of lifting its tech export restrictions on AI chips and aerospace tools. 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Current versus pre-Geneva Tariff Levels Geopolitical undercurrents will also further limit any long-term détente. In Washington, a bipartisan consensus has emerged around the need to 'de‐risk' critical supply chains, not merely as a commercial maneuver but as a national security imperative. Policymakers and industry leaders alike fear that overdependence on China for semiconductors, pharmaceuticals, rare‐earth minerals, and even basic manufacturing capacity leaves the United States dangerously exposed to coercive economic pressure or abrupt supply shocks. This conviction has translated into a suite of domestic incentives—ranging from the CHIPS and Science Act to expanded Defense Production Act authorities—designed to shore up American production of key inputs and diversify procurement to 'trusted' partners. On the other side of the Pacific, Chinese leadership interprets these U.S. measures as part of a long-standing containment strategy. Official rhetoric in Beijing routinely casts de-risking initiatives as destabilizing 'decoupling' efforts that threaten China's development model and tarnish the mutually beneficial aspects of economic integration. State media and senior diplomats argue that a sovereign nation, particularly one bearing the mantle of a developing‐country status, must safeguard its industrial base against foreign interference. Despite the rhetoric on economic self-reliance, both the U.S. and China have much to lose from a prolonged trade war. According to the military think tank RAND, 'roughly 40 percent of China's exports to the United States fall into categories where China supplies more than half of America's total imports.' Meanwhile, China is eager to gain access to GPUs and CPUs from American companies like NVIDIA and AMD to power its growing AI infrastructure. Even knowing this, leaders on both sides remain committed to showing strength and independence. Trump administration officials are wary of ceding control to China, while Beijing officials do not want to appear weak on the global stage. The talks, while cordial, still have not permanently de-escalated the trade war, with 30% and 10% baseline tariffs remaining on the American and Chinese sides, respectively. Furthermore, China has only agreed to a six-month license for American companies seeking to import rare earth minerals and magnets. Beyond the economic impact, the visa statuses of Chinese students in US universities will continue to remain uncertain as long as the trade war remains unresolved. As the two economic superpowers prepare for the current deadline on a comprehensive trade deal by August 10, the London talks underscore both the value and the limits of diplomacy: they bought time, but a durable resolution remains elusive. Special thanks to Jonah Kim, and Nathaniel Schochet, for their exceptional thought leadership, research, and editorial contributions to this article. Special thanks to Hanah Kim and Artem Valyaev Kunisky for assisting in providing info-graphics.

Mass Deportation . . . Except at Hotels?
Mass Deportation . . . Except at Hotels?

Wall Street Journal

time2 hours ago

  • Wall Street Journal

Mass Deportation . . . Except at Hotels?

How far does President Trump envision his mass deportation project going? As if to heighten the ambiguity, on Thursday morning he tapped out this sentence on Truth Social: 'Our great Farmers and people in the Hotel and Leisure business have been stating that our very aggressive policy on immigration is taking very good, long time workers away from them, with those jobs being almost impossible to replace.' Then Mr. Trump turned the focus back where the White House wants it, which is gang members and threats to public safety. 'We must protect our Farmers, but get the CRIMINALS OUT OF THE USA,' he said. 'Changes are coming!' How cryptic. The electorate is with Mr. Trump on catching and deporting illegal immigrants who have committed crimes. Yet much more than that is happening, and more than farmers and hoteliers are concerned. Vincent Scardina is a Trump voter in Key West, Fla., who owns a roofing company. Six of his workers, originally from Nicaragua, were en route to a job late last month when they were detained, according to a report by a local NBC affiliate. Their attorney says five of those men have valid work permits, pending asylum cases, and no criminal records. We haven't been able to verify that, but if it's correct, jailing them is a strange enforcement priority. 'It's going to be really hard to replace those guys,' Mr. Scardina said. 'We're not able, in Key West, to just replace people as easily as, say, a big city.' He also got emotional. 'You get to know these guys. You become their friends,' he said. 'You see what happens to their family.' Mr. Scardina's message to the President that he helped to elect: 'What happened here? This situation is just totally, just blatantly, not at all what they said it was.'

The world just got closer to an ocean-saving treaty
The world just got closer to an ocean-saving treaty

E&E News

time2 hours ago

  • E&E News

The world just got closer to an ocean-saving treaty

NICE, France — The race to save the world's oceans is on. The United Nations Oceans Conference in Nice, France, ended Friday with promises from world leaders to ratify a global, binding agreement to help protect the world's oceans by September — paving the way for the world's very first Conference of the Parties for a High Seas Treaty next year. 'This is a considerable victory,' said French Oceans Ambassador Olivier Poivre d'Arvor in a press conference Friday. 'It's very difficult to work on oceans right now when the United States have withdrawn from almost everything. But the Argentinian president helped a lot. China [promised to ratify]. Indonesia just ratified a few hours ago. So, we won.' Advertisement If that happens, it will have been a long time coming. The negotiating process started 20 years ago and the treaty was adopted in 2023, but countries have been slow to ratify and at least 60 must do so for the treaty to come into force. With marine and coastal ecosystems facing multiple threats from climate change, fishing, and pollution, the treaty's main aim is to establish marine protected areas in international waters, which make up around two thirds of the ocean.

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