See Trump's reaction to big win at Supreme Court
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
China Commerce Ministry Expert Sees Uncertainty Despite US Truce
(Bloomberg) -- Trade ties between the world's two biggest economies remain vulnerable to uncertainty even though President Donald Trump extended a pause for elevated tariffs on Chinese goods for another three months, according to a senior researcher at the Ministry of Commerce in Beijing. A better outcome for China would include a mechanism to ensure both sides make good on bilateral agreements, said Zhou Mi, an expert at the Chinese Academy of International Trade and Economic Cooperation, a think tank that operates under the aegis of the ministry directly involved in the trade talks. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms A New Stage for the Theater That Gave America Shakespeare in the Park The Trump administration 'frequently sends out a range of signals, often through its negotiation tactics and public statements — some of which even contradict each other,' Zhou said in an interview on Tuesday. 'This creates a climate of uncertainty that makes businesses and markets increasingly concerned about the stability and outlook for economic and trade policies between China and the US, as well as the US and other countries,' he said. The measured tone is a reminder of the threats that linger as China and the US try to hammer out a more lasting agreement. With ties still in flux, companies will likely find it difficult to plan for long-term development, or accurately assess potential returns and risks, Zhou added. Trump's order, signed just before a tariff hike set for Tuesday, prolonged the truce through Nov. 10. The decision came weeks after negotiators from the two countries agreed to a preliminary agreement on the delay in Sweden. Despite the pause, US tariffs on Chinese goods are already at 55% on average, much higher than the rates imposed on other countries. It's a discrepancy that's caused a slump in shipments to America this year even as Chinese exports soared to other markets. Ideally, Zhou said, China would like to bring US tariffs down through negotiations to their level prior to Trump's first term as president, which was at the most-favored-nation rate in low single digits. Restrictions in other areas — such as investment, technology collaboration and cultural exchange — should also be reduced to 'lower the costs of cooperation,' he said. Importantly, stable institutional safeguards need to be established, to 'ensure that current commitments and mutual agreements are fully implemented and minimize the chances of major changes or disruptions in the future,' Zhou added. Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results Klarna Cashed In on 'Buy Now, Pay Later.' Now It Wants to Be a Bank The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
4 minutes ago
- Newsweek
Trump's EU Allies Send Him New Ukraine Plea Ahead of Putin Summit
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. European Union (EU) leaders issued a fresh joint appeal to U.S. President Donald Trump on Ukraine, imploring him ahead of his crunch summit with Russian President Vladimir Putin in Alaska on Friday, August 15. Kyiv and its European allies fear Trump will consent to the concession of Ukrainian territory Moscow has seized during its invasion, which they say will reward Russia for its unlawful aggression and signal that it could take similar action elsewhere. Twenty-six EU leaders—Hungary being the only member state that did not want to co-sign—said in the statement Tuesday that they welcomed Trump's efforts to end Russia's invasion and seek "a just and lasting peace and security for Ukraine". But they warned: "A just and lasting peace that brings stability and security must respect international law, including the principles of independence, sovereignty, territorial integrity and that international borders must not be changed by force. "The people of Ukraine must have the freedom to decide their future. The path to peace in Ukraine cannot be decided without Ukraine. Meaningful negotiations can only take place in the context of a ceasefire or reduction of hostilities. "Russia's war of aggression against Ukraine has wider implications for European and international security. We share the conviction that a diplomatic solution must protect Ukraine's and Europe's vital security interests." This is a developing article. Updates to follow.
UPI
4 minutes ago
- UPI
South Korea's Lee, Trump to hold summit at White House on Aug. 25
1 of 2 | South Korean President Lee Jae Myung will travel to Washington this month for a summit with U.S. President Donald Trump on Aug. 5, Lee's office said Tuesday. File Photo by Thomas Maresca/UPI | License Photo SEOUL, Aug. 12 (UPI) -- South Korean President Lee Jae Myung will travel to Washington to hold a summit with U.S. President Donald Trump on Aug. 25, Lee's office said Tuesday, with trade and defense issues expected to be at the top of the agenda. The three-day visit will be Lee's first trip to the United States since taking office in June, presidential spokeswoman Kang Yu-jung said at a press briefing. "The two leaders plan to discuss ways to develop the Korea-U.S. alliance into a future comprehensive strategic alliance in response to the changing international security and economic environment," Kang said. "They will also discuss ways to further strengthen the robust South Korea-U.S. combined defense posture and to cooperate to establish peace and achieve denuclearization on the Korean Peninsula," she added. The summit comes weeks after Seoul and Washington struck a trade deal that lowered Trump's threatened 25% tariffs on South Korean goods to 15%. As part of the package, South Korea pledged to invest $350 billion in the United States and to purchase $100 billion in U.S. energy. Based on the tariff deal, Trump and Lee will consult on economic cooperation in semiconductors, batteries and shipbuilding, as well as partnerships in advanced technologies and key minerals, Kang said. The future of the decades-old South Korea-U.S. military alliance is also expected to be in the spotlight as the two countries prepare to kick off their annual Ulchi Freedom Shield joint exercise on Monday. During his previous term in office, Trump called for massive increases in Seoul's financial contribution for the 28,500 U.S. forces stationed in Korea. Seoul signed a new five-year cost-sharing agreement with Washington in October, but Trump has suggested he would look to renegotiate the terms of the deal amid calls for allies to increase their defense spending. "South Korea is making a lot of money, and they're very good," Trump told reporters at a Cabinet meeting in the White House last month. "They're very good, but, you know, they should be paying for their own military." On Friday, Gen. Xavier Brunson, commander of U.S. Forces Korea, discussed the need to restructure the military alliance in response to an evolving regional security environment. "Alliance modernization ... reflects the recognition that the world's changed around us," Brunson told local reporters at a press briefing in Pyeongtaek. "We have a nuclear-armed adversary who's north of the border. We have increasing involvement of Russia, along with the DPRK, and we also have the Chinese and the threat that they pose to a free and open Indo-Pacific." The Democratic People's Republic of Korea is the official name of North Korea. Brunson avoided the question of a potential of U.S. troop reduction on the peninsula, stressing military capabilities and strategic flexibility over numbers ahead of the Lee-Trump summit. "We're going to have two chief executives sitting down together to discuss not only the security situation in the region, but the security situation in the world," he said. "For us, it's about the capabilities. We want to have the right capabilities resident on the Peninsula." Lee will be in the United States from Aug. 24-26 for his summit with Trump. In response to local media reports that Lee may also stop in Japan around the time of his U.S. trip, presidential spokeswoman Kang said that nothing had been confirmed.
