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Al Etihad
14-05-2025
- Business
- Al Etihad
China, US slash sweeping tariffs in trade war climbdown
14 May 2025 08:31 BEIJING (AFP) The United States and China slashed sweeping tariffs on each others' goods for 90 days on and Beijing agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks at the weekend in President Donald Trump said that Washington now had the blueprint for a "very, very strong" trade deal with China that would see Beijing's economy "open up" to US businesses in an interview broadcast Tuesday on Fox News."We have the confines of a very, very strong deal with China. But the most exciting part of the the opening up of China to US business," he told the US broadcaster while aboard Air Force One on the way to the start of his Gulf the deal, the United States agreed to lower its tariffs on Chinese goods to 30 percent while China will reduce its own to 10 percent -- down by over 100 percentage points. The reductions came into effect just after midnight Washington time on Wednesday, a major de-escalation in trade tensions that saw US tariffs on Chinese imports soar to up to 145 percent and even as high as 245 percent on some products.
National News
24-03-2025
- Politics
- National News
Ukrainian and US officials hold 'productive' ceasefire talks in Riyadh
NNA - US and Russian officials meet in Saudi Arabia on Monday for talks on a partial ceasefire in the Ukraine war, a day after delegates from Washington and Kyiv had their own discussions. US President Donald Trump is pushing for a rapid end to the three-year war and hopes talks in Riyadh could pave the way for a breakthrough. Both sides have proposed different plans for temporary ceasefires, but cross-border attacks have meanwhile continued unabated. Originally planned to take place simultaneously to enable shuttle diplomacy -- with the United States going back and forth between the delegations -- the talks are now taking place one after the other. The meeting between the Ukrainian team, led by defence minister Rustem Umerov, and the Americans finished up late Sunday night. "The discussion was productive and focused -- we addressed key points including energy," Umerov said on social media, adding Ukraine was working to make its goal of a "just and lasting peace" a reality. Trump envoy Steve Witkoff voiced optimism that any agreement struck would pave the way for a "full-on" ceasefire. "I think you're going to see in Saudi Arabia on Monday some real progress, particularly as it affects a Black Sea ceasefire on ships between both countries. And from that you'll naturally gravitate to a full-on shooting ceasefire," he told Fox News.--AFP
BBC News
19-03-2025
- Politics
- BBC News
Rosenberg: Trump-Putin call seen as victory in Russia
Judging by some of the headlines today in Russia, Moscow believes that the latest telephone conversation between Presidents Putin and Trump went well - certainly for the Kremlin."Putin and Trump agreed to work together on Ukraine resolution," concludes Izvestia."Record-long Putin-Trump call," declares Komsomolskaya Pravda. The paper's website adds: "As things stand Russia has scored a diplomatic victory here."Why are some in Russia claiming "victory" after this two-hour phone call?Probably because, by the end of it, Vladimir Putin hadn't been pressured into making any major concessions to Ukraine or to the United States. On the contrary, he had - in effect - rejected President Trump's idea of an immediate unconditional 30-day latest updates on this storyInstead of pressuring Moscow with the threat of even tougher sanctions and penalties, to get Russia to sign up to its plan, the US administration reacted by praising the Kremlin leader."We had a great call," Donald Trump told Fox News."I would commend President Putin for all he did today on that call to move his country close to a final peace deal," said Trump's envoy Steve Witkoff. Not only did Moscow not agree to an unconditional ceasefire, President Putin set his own pre-conditions for peace. They include an end to Western military aid to Kyiv and intelligence sharing with the Ukrainians, as well as a halt to mobilisation in Ukraine. Such conditions are widely viewed as a way of securing Ukraine's hard to see Kyiv agreeing to any of could the Trump administration eventually be persuaded, by Moscow, that such conditions are acceptable? And if so, would Washington force Ukraine to accept them?Much may depend on whether the Kremlin can convince President Trump he has more to gain from developing good ties with Moscow than by defending Ukraine's corner. As if to press home the point, in their conversations with the Americans, Russian officials are already dangling various economic and financial carrots and talking about how mutually beneficial the Russia-US relationship could be if the two countries can re-energise bilateral relations and get to work on joint Putin recently raised the prospect of US-Russian cooperation in aluminium production and rare minerals message appears to be getting through."We'd like to have more trade with Russia," said Donald Trump on Tuesday in his interview with Fox News. "They have some very valuable things for us, including rare earth. They have a big chunk of real estate, the biggest in the world. They have things that we could use."Moscow may well be hoping - possibly calculating - that Donald Trump will prioritise getting a chunk of that "Russian real estate" over securing an acceptable deal for Ukraine to end the a point echoed today by the pro-Kremlin Izvestia newspaper:"Moscow's logic is to make economic relations with America so profitable that severing them would be too costly for the United States."After Ukraine had agreed to an unconditional ceasefire a week ago, the US administration publicly announced that "the ball is in [Russia's] court".Now that Vladimir Putin has rejected the deal and set his own conditions, the Kremlin leader has hit it back into America's "court".But Russia and America will continue their discussions - both on Ukraine and on US-Russian it's these negotiations which are likely to influence Donald Trump's next move.
