UK, France and 23 other countries say the war in Gaza ‘must end now'
The foreign ministers of countries including Australia, Canada and Japan have condemned 'the drip feeding of aid and the inhumane killing of civilians' seeking food.
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The Hill
an hour ago
- The Hill
Powerful sister of North Korean leader Kim rejects outreach by South's new president
SEOUL, South Korea (AP) — The influential sister of North Korean leader Kim Jong Un rebuffed overtures by South Korea's new liberal government, saying Monday that North Korea has no interests in talks with South Korea no matter what proposal its rival offers. Kim Yo Jong's comments suggest again that North Korea, now preoccupied with its expanding cooperation with Russia, has no intentions of returning to diplomacy with South Korea and the U.S. anytime soon. But experts said North Korea could change its course if it thinks it cannot maintain the same booming ties with Russia when the Russia-Ukraine war nears an end. 'We clarify once again the official stand that no matter what policy is adopted and whatever proposal is made in Seoul, we have no interest in it and there is neither a reason to meet nor an issue to be discussed with' South Korea, Kim Yo Jong said in a statement carried by state media. It's North Korea's first official statement on the government of South Korean President Lee Jae Myung, which took office in early June. In an effort to improve badly frayed ties with North Korea, Lee's government has halted anti-Pyongyang frontline loudspeaker broadcasts, taken steps to ban activists from flying balloons with propaganda leaflets across the border and repatriated North Koreans who were drifted south in wooden boats months earlier. Kim Yo Jong called such steps 'sincere efforts' by Lee's government to develop ties. But she said the Lee government won't be much different from its predecessors, citing what it calls 'their blind trust' to the military alliance with the U.S. and attempt to 'stand in confrontation' with North Korea. She mentioned the upcoming summertime South Korea-U.S. military drills, which North Korea views as an invasion rehearsal. North Korea has been shunning talks with South Korea and the U.S. since leader Kim Jong Un's high-stakes nuclear diplomacy with President Donald Trump fell apart in 2019 due to wrangling over international sanctions. North Korea has since focused on building more powerful nuclear weapons targeting its rivals. North Korea now prioritizes cooperation with Russia by sending troops and conventional weapons to support its war against Ukraine, likely in return for economic and military assistance. South Korea, the U.S. and others say Russia may even give North Korea sensitive technologies that can enhance its nuclear and missile programs. Since beginning his second term in January, Trump has repeatedly boasted of his personal ties with Kim Jong Un and expressed intent to resume diplomacy with him. But North Korea hasn't publicly responded to Trump's overture. In early 2024, Kim Jong Un ordered the rewriting of the constitution to remove the long-running state goal of a peaceful Korean unification and cement South Korea as an 'invariable principal enemy.' That caught many foreign experts by surprise because it was seen as eliminating the idea of shared statehood between the war-divided Koreas and breaking away with his predecessors' long-cherished dreams of peacefully achieving a unified Korea on the North's terms. Many experts say Kim likely aims to guard against South Korean cultural influence and bolster his family's dynastic rule. Others say Kim wants legal room to use his nuclear weapons against South Korea by making it as a foreign enemy state, not a partner for potential unification which shares a sense of national homogeneity.
CNBC
an hour ago
- CNBC
How the U.S.-EU trade deal impacts America's imports overall: Tariff simulator
A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of President Donald Trump new trade deal with the European Union. On Sunday, Trump announced a trade deal with the EU, following discussions with European Commission President Ursula von der Leyen. Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars. According to the Tariff Simulator by the online data visualization and distribution platform, The Observatory of Economic Complexity (OEC), the forecasted global exports to the U.S. in 2027 are expected to drop by more than 46% compared to the average of the last three years, or $2.68 trillion. The forecasted U.S. exports to the world in 2027 are expected to increase by 12% compared to the average of the last three years, or $1.59 trillion. The forecast builds on an extended gravity model designed to anticipate how trade may be reconfigured in response to the announced trade deal between the US and the EU alone. This forecast does not include the impact of all the broad tariff increases set to be imposed on Aug. 1. "While the U.S. is imposing tariffs on the world, the world is not imposing tariffs on each other," explained Cesar Hidalgo, economics professor at the Toulouse School of Economicsdirector for the Center of Collective Learning, and founder of Datawheel, which built the OEC Tariff Simulator. "The point here is that countries will have a natural tendency to rewire their trade relationships away from the U.S. in many of these scenarios, he added. "This is true for most countries, except for Mexico and Canada, which are too integrated with the United States and are unable to rewire as quickly as less integrated countries." Hidalgo explained the tariff impact using Germany as an example, "In the early 2025 scenario where there were no new tariffs, exports from Germany to the US were forecasted to go from $133B (2023) to $155B in 2027. With the 15% tariff framework, exports from Germany to the US are forecasted now to go up from $133B 2023 to $149B 2027," said Hidalgo. "Exports are down with respect to what we would have expected if tariffs would have remained the same as they were on January 1st of 2025." Under the 15% tariff scenario projected by the Tariff Simulator, the U.S. will import more from UK ($22.5 billion), France ($10.2 billion), and Spain ($5.65 billion) and less from China (-$485 billion), Canada (-$300 billion), and Mexico (-238 billion). As a result of the decrease in Chinese exports to the U.S. under this scenario, China is expected to import more from Russia ($70 billion), Vietnam ($34.4 billion), and Saudi Arabia ($28 billion) than the U.S. Chinese imports from the U.S. are expected to drop by $101 billion. Logistics experts have warned for months that even with tariff rates at lower rates than the original "reciprocal" rates announced in April, the products are still expensive. The layering of the tariffs will make many products more expensive to import and companies will forego shipments. Retail executives say the result would be a lack of product diversity on U.S. shelves, something American consumers have grown accustomed to. Andrew Abbott, CEO of niche ocean carrier Atlantic Container Line, says the resolution of the tariff levels will be the deciding factor for some European shippers. "I have seen some ocean bookings of high-value products (construction equipment, agricultural equipment, aerospace, transformers, etc.) have put all bookings on hold," said Abbott. "It all depends on the tariff rate. For example, a U.S. customer buying a $300,000 piece of machinery could potentially have $90,000 in tariffs assessed on it, so this is why some companies are waiting until a tariff rate is definitively set," he said. "Companies bringing in low-valued items, on the other hand, are continuing to order product." Based on trade data compiled and analyzed by the OEC, the bills of lading — the receipts for the containers detailing the product and company information — show IKEA is the top U.S. company importing from the EU at 28%. Southern Glazer's Wine and Spirits was next at 9%, followed by Continental Tire (4%), Bosch (4%), Dole Food Co. (3%), and Diageo (2.3%) as the top importers. Examining the top EU exports to the U.S. by product category reveals that furniture leads the list at 11%, followed by rubber tires at 7%, bedspreads at 6%, and wine at 5%.
an hour ago
Powerful sister of North Korean leader Kim rejects South Korean appeasement
SEOUL, South Korea -- SEOUL, South Korea (AP) — The influential sister of North Korean leader Kim Jong Un rebuffed an appeasement overture by South Korea's new liberal government, saying Monday that North Korea has no interests in talks with South Korea no matter what proposal its rival offers. Kim Yo Jong's comments suggest again that North Korea, now preoccupied with its expanding cooperation with Russia, has no intentions of returning to diplomacy with South Korea and the U.S. anytime soon. But experts said North Korea could change its course if it thinks it cannot maintain the same booming ties with Russia when the Russia-Ukraine war nears an end. 'We clarify once again the official stand that no matter what policy is adopted and whatever proposal is made in Seoul, we have no interest in it and there is neither a reason to meet nor an issue to be discussed with' South Korea, Kim Yo Jong said in a statement carried by state media. It's North Korea's first official statement on the government of South Korean President Lee Jae Myung, which took office in early June. In an effort to improve badly frayed ties with North Korea, Lee's government has halted anti-Pyongyang frontline loudspeaker broadcasts, taken steps to ban activists from flying balloons with propaganda leaflets across the border and repatriated North Koreans who were drifted south in wooden boats months earlier. Kim Yo Jong called such steps 'sincere efforts' by Lee's government to develop ties. But she said the Lee government won't be much different from its predecessors, citing what it calls 'their blind trust' to the military alliance with the U.S. and attempt to 'stand in confrontation' with North Korea. She mentioned the upcoming summertime South Korea-U.S. military drills, which North Korea views as an invasion rehearsal. North Korea has been shunning talks with South Korea and the U.S. since leader Kim Jong Un's high-stakes nuclear diplomacy with President Donald Trump fell apart in 2019 due to wrangling over international sanctions. North Korea has since focused on building more powerful nuclear weapons targeting its rivals. North Korea now prioritizes cooperation with Russia by sending troops and conventional weapons to support its war against Ukraine, likely in return for economic and military assistance. South Korea, the U.S. and others say Russia may even give North Korea sensitive technologies that can enhance its nuclear and missile programs. Since beginning his second term in January, Trump has repeatedly boasted of his personal ties with Kim Jong Un and expressed intent to resume diplomacy with him. But North Korea hasn't publicly responded to Trump's overture. In early 2024, Kim Jong Un ordered the rewriting of the constitution to remove the long-running state goal of a peaceful Korean unification and cement South Korea as an 'invariable principal enemy.' That caught many foreign experts by surprise because it was seen as eliminating the idea of shared statehood between the war-divided Koreas and breaking away with his predecessors' long-cherished dreams of peacefully achieving a unified Korea on the North's terms. Many experts say Kim likely aims to guard against South Korean cultural influence and bolster his family's dynastic rule. Others say Kim wants legal room to use his nuclear weapons against South Korea by making it as a foreign enemy state, not a partner for potential unification which shares a sense of national homogeneity.
