Trade war's peak anxiety
Trump attending a bilateral meeting with Xi during the G20 leaders summit in Osaka, Japan, in 2019. The US president hopes they will meet again soon. — Reuters
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Vietnam inks deals to buy US$3 Billion US products before talks
Vietnam has pledged to buy more US agricultural products. - Bloomberg HANOI: Vietnamese businesses have signed 20 agreements worth about US$3 billion to import more US agricultural products ahead of the third round of official negotiations set to take place next week. Memoranda of understanding were signed during talks involving Minister of Agriculture and Environment Do Duc Duy in Iowa, Ohio, Maryland and Washington from June 2-6, the ministry said in a statement on Saturday (June 7). "These agreements highlight the strong commitment and goodwill of Vietnam's business community and government to promote balanced trade with the US, and to encourage the Trump administration to reconsider high reciprocal tariffs on Vietnamese goods,' it said. Vietnam has engaged in weeks of intense diplomacy with the US - the largest export market of the trade-reliant country - as it seeks to avert a threatened 46 per cent tariff, which was later wound back to ten per cent for 90 days to allow time for talks. The reference to "goodwill' echoes language used earlier this week, when the South-East Asian nation sent a written reply to US trade requests after the Trump administration vowed to keep pressuring the country to reduce its role in China supply chains. Vietnam cited progress after the second round of trade talks last month but said that outstanding issues remain. It's taken steps to address some US concerns, such as stepping up a crackdown on trade fraud and promising to buy US agricultural products. - Bloomberg
The Star
an hour ago
- The Star
China vice premier to meet US delegation for trade talks: Beijing
BEIJING: Chinese Vice Premier He Lifeng (pic) will meet a US delegation for talks next week in Britain, Beijing announced Saturday (June 7) amid a fragile truce in the trade dispute between the two powers. He will visit the United Kingdom from June 8 to 13 at the invitation of the British government, China's foreign ministry said in a statement. It said He and American representatives will co-chair the first meeting of the China-US economic and trade consultation mechanism. US President Donald Trump had already announced on Friday that a new round of trade talks with China would kick off in London beginning Monday, after he spoke by phone with Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. Trump posted on his Truth Social platform that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet the Chinese team. The discussions will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war shortly after returning to the White House in January. A first meeting, held in mid-May in Geneva, brought a pause to the US-China trade dispute. But Trump then accused Beijing of not respecting the terms of the de-escalation agreement. On Thursday the Republican president finally discussed the issues with Xi for the first time since the trade tensions soared, assuring that the conversation had been positive. Xi for his part told Trump the two should "correct the course" of bilateral relations, according to remarks quoted by official Chinese media. - AFP
The Star
an hour ago
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Cambodia, Thailand hope for peaceful settlement of border dispute
A royalist activist holds a placard reading "No Man's Land is the Thai border Thailand" as she protests in front of the Royal Embassy of Cambodia, following a recent clash at the Thailand-Cambodia border on May 28, 2025, in Bangkok, Thailand, June 6, 2025. - Reuters PHNOM PENH/BANGKOK: Both Cambodia and Thailand expressed hopes for a peaceful settlement of the border dispute after a brief exchange of gunfire in a disputed border area on May 28. Cambodian Prime Minister Hun Manet said on Saturday (June 7) that he hopes to resolve the border issue with Thailand peacefully. "Cambodia adheres to the principles of maintaining peace, friendship and good cooperation with Thailand," Hun Manet posted on his Facebook page, saying Cambodia has decided to refer the dispute to the International Court of Justice. "The decision is to seek a peaceful and permanent solution to the border problems in those areas, rather than leaving the problem to remain ambiguous for a long time, which could lead to a new armed conflict," he added. Hun Manet said Cambodia would continue to collaborate with Thai parties to promote the measurement of the border and establish the remaining border using the Cambodia-Thai Joint Boundary Commission mechanism. Speaking at a press conference, Thai Foreign Ministry spokesperson Nikorndej Balankura called on the Cambodian side to "reduce the level of tension along the border to prevent the situation from escalating unnecessarily." Following the late-May military skirmish, Thailand has exercised "the utmost restraint" and focused on resolving the situation peacefully by pursuing all diplomatic channels to de-escalate tensions, Nikorndej said. - Xinhua
