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LeMonde
37 minutes ago
- LeMonde
Treasury chief returns to US as China trade talks ongoing
US Treasury Secretary Scott Bessent on Tuesday, June 10, described closely watched trade talks with Chinese officials as productive, as scheduling conflicts prompted his departure from London with negotiations ongoing. Top officials from the world's two biggest economies held a second day of trade talks Tuesday at the UK's historic Lancaster House, with meetings stretching into the night. All eyes are on the outcomes as both sides try to overcome an impasse over export restrictions, with US officials earlier accusing Beijing of slow-walking approvals for shipments of rare earths. Bessent left the meetings early to return to Washington for testimony before Congress, a US official told AFP. But US Commerce Secretary Howard Lutnick and trade envoy Jamieson Greer, who were also part of the delegation, would further talks as needed with Chinese counterparts, the offical said. Earlier Tuesday, Lutnick told Bloomberg Television that the negotiations were "going well." Global stock markets were on edge, although Wall Street's major indexes climbed on hopes for progress. With meetings dragging on, "the lack of positive headlines weighed on stocks," said Kathleen Brooks, research director at XTB trading platform. US President Donald Trump told reporters Monday: "We are doing well with China. China's not easy." The London negotiations follow talks in Geneva last month, which saw a temporary agreement to lower tariffs. This time, China's exports of rare earth minerals – used in a range of things including smartphones, electric vehicle batteries and green technology – are expected to dominate the agenda. "In Geneva, we had agreed to lower tariffs on them, and they had agreed to release the magnets and rare earths that we need throughout the economy," Trump's top economic adviser, Kevin Hassett, told CNBC on Monday. Even though Beijing was releasing some supplies, "it was going a lot slower than some companies believed was optimal," he added. "Our expectation is that after the handshake, any export controls from the US will be eased, and the rare earths will be released in volume." 'Mirror arsenal' Both countries "have developed almost a mirror arsenal of trade and investment weapons that they can aim at each other," said Emily Benson, head of strategy at Minerva Technology Futures. As they tap economic tools to try and shift global power structures, she told AFP, it may not be reasonable to expect a typical trade and investment deal from talks. Partner service Learn French with Gymglish Thanks to a daily lesson, an original story and a personalized correction, in 15 minutes per day. But both sides could find ways to level off a downward spiral. Tensions between Washington and Beijing have heightened since Trump took office in January, with the countries engaging in a tariffs war. The Geneva pact temporarily brought new US tariffs on Chinese goods down from 145 percent to 30 % and Chinese countermeasures from 125% to 10%. But Trump later said China had "totally violated" the deal. A dialing down of temperatures could involve Chinese efforts to shore up some export control licenses caught in their system, Benson said. She noted Beijing appeared understaffed given the volume of requests. On the US side, this could look like a relaxation of certain export curbs in the high-tech domain, she added. But observers remain cautious. Since returning to office, Trump has slapped a 10% levy on friends and foes, threatening steeper rates on dozens of economies. His tariffs have dented trade, with Beijing data showing Chinese exports to the United States plunged in May. The World Bank on Tuesday joined other international organizations to slash its 2025 global growth forecast amid trade uncertainty. Meanwhile, China is in talks with partners including Japan and South Korea to try to build a united front countering Trump's tariffs. Chinese Vice Premier He Lifeng is heading the team in London, which includes Commerce Minister Wang Wentao and China International Trade Representative Li Chenggang. Bessent, Lutnick and Greer are leading the American delegation.
France 24
2 hours ago
- France 24
Brazil's Bolsonaro rejects charges in coup trial
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AFP
2 hours ago
- AFP
Old robbery footage misrepresented amid LA anti-deportation protests
"Horrifying. LA shop owner attacked and tased by lawless rioters who destroy his store during LA's anti-American sovereignty riots," says a June 8, 2025 post on X. Image Screenshot from X taken June 10, 2025 The post comes from Brandon Straka, one of more than 1,500 people who was convicted in relation to the January 6, 2021 attack on the US Capitol and later pardoned by President Donald Trump. Similar posts spread across X amid s of protests that Los Angeles officials said were initially peaceful but punctuated by scattered violence, with demonstrators torching cars and security forces firing tear gas. The tensions in Los Angeles, home to a large Latino population, were triggered by raids and dozens of arrests of what authorities say are migrants and gang members. They continued to escalate over several days, with Trump clashing with California leaders as he went over their heads to deploy the state's National Guard and active-duty US Marines to the city. The upheaval has seen some stores ransacked, according to local media reports and the Los Angeles Police Department, which urged downtown businesses and residents in a June 9 post on X to report any vandalism, damage or looting they observed (archived here and here). But the video shared by Straka and others online is several months old and unrelated to the anti-deportation protests. A surfaced the same video in local news articles and posts dated to October 2024 (archived here, here and here). Those reports, and others covering the incident, described a street takeover during the early morning hours of October 6 in which a mob of people violently pushed their way inside a 7-Eleven in Anaheim and pillaged it, assaulting the clerk who tried to keep them out in the process (archived here). Image Screenshot from taken June 10, 2025 The video was credited to an Instagram user, "@carlos_kickback_3" (archived here). AFP reached out to the account for a comment, but no response was forthcoming. According to reports, the incident took place at a 7-Eleven on Knott Avenue in Anaheim (archived here). Geolocation of the footage confirms the location (archived here). Image Screenshot from X taken June 10, 2025, with elements outlined by AFP Image Screenshot from Google Maps taken June 10, 2025, with elements outlined by AFP The location is several miles away from the complex of federal and municipal buildings near the Metropolitan Detention Center in downtown Los Angeles, where the protests have centered -- and also from other protest sites in Paramount and Compton. AFP has debunked other misinformation about the tumult in Los Angeles here.
