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Straits Times
12 hours ago
- Business
- Straits Times
Taiwan says trade delegation in Washington for talks on potential tariff and trade deal
FILE PHOTO: Flags of Taiwan and U.S. are placed on a table ahead of a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File photo TAIPEI - Taiwan's government said on Wednesday that a trade delegation led by the vice premier was in Washington, D.C., for a new round of in-person negotiations with U.S. officials this week. U.S. President Donald Trump has proposed imposing tariffs of as much as 32% on Taiwan. No new tariffs have yet been announced for the democratically-governed island, although the 90-day pause on worldwide tariffs Trump proposed in April has already expired. The delegation, led by Vice Premier Cheng Li-chun, seeks to safeguard Taiwan's industrial interests, public health, and food security, according to a cabinet statement. The talks aim to promote balanced trade, and improve the overall economic and trade framework between the two sides, it added. "The team will continue working under the principles of protecting Taiwan's industries and public welfare,' the statement said. 'We hope to optimise the trade system and lay the groundwork for a stronger partnership in the future.' The Taiwan talks come as trade negotiations in the region accelerate. On Wednesday, the United States and Japan announced a trade agreement that includes a 15% U.S. import tariff on all Japanese goods, lower than the 25% Washington had proposed previously. The Japan deal is seen as one of the most significant among several agreements reached ahead of the August 1 tariff deadline the White House set after the original 90-day deadline expired with only a few successfully negotiated agreements. Taiwan has been seeking to strengthen its trade ties with major partners, particularly the U.S., Taiwan's second-largest trading partner after China, amid growing geopolitical and economic challenges. Top stories Swipe. Select. Stay informed. Singapore Singapore's domestic recycling rate drops to all-time low of 11% Singapore Sota parent portal taken down for urgent patching following global cyberattack alerts Singapore HDB launches 10,209 BTO and balance flats, as priority scheme for singles kicks in Singapore Local buyers are key to recovery of prime district condo market Singapore New online channel for public to report illegal ride-hailing services Singapore Ex-Tanjong Pagar United footballer charged with assault after Singapore Premier League match in Feb Singapore COE prices for cars mostly unchanged; premium for commercial vehicles up 2.9% Singapore Cyclist charged after allegedly hitting elderly pedestrian, killing him The outcome of the negotiations could play a key role in shaping the island's future trade strategy and its position in the global supply chain, and is crucial to Taiwan's export-driven economy. REUTERS
Straits Times
21 hours ago
- Business
- Straits Times
EU-China trade frictions
Find out what's new on ST website and app. FILE PHOTO: A drone view shows containers at the terminals at the port in Kwai Chung in Hong Kong, China, April 3, 2025. REUTERS/Tyrone Siu/File Photo BEIJING - Chinese and European Union leaders will meet in Beijing on Thursday for a summit marking 50 years of diplomatic ties. Here is a timeline of EU-China trade tensions in recent years. Mar 22, 2021 - The EU sanctions four Chinese officials over alleged human rights abuses in Xinjiang, its first significant sanctions on China since the 1989 Tiananmen Square crackdown. China sanctions 10 EU politicians and think tanks in response. May 20, 2021 - The European Parliament halts ratification of a comprehensive investment pact with China following Beijing's sanctions. Dec 3, 2021 - China imposes an unannounced embargo on Lithuanian exports, after Vilnius allowed Taiwan to open a de facto embassy. Mar 30, 2023 - European Commission President Ursula von der Leyen says the EU must "de-risk" from trade and supply chain dependencies on China. Sep 13, 2023 - The EU launches an anti-subsidy probe into Chinese EV exports to assess whether to impose punitive tariffs. Jan 5, 2024 - China opens an anti-dumping investigation into brandy imports from the EU. Apr 9, 2024 - The EU announces an investigation into subsidies received by Chinese suppliers of wind turbines. Jun 17, 2024 - China opens an anti-dumping investigation into pork and its by-products from the EU. Aug 21, 2024 - China opens an anti-subsidy probe into dairy imports from the EU. Oct 8, 2024 - China imposes temporary anti-dumping tariffs on EU brandy, hitting brands from Hennessy to Remy Martin. Oct 29, 2024 - The EU approves imposing extra tariffs of up to 35.3% on Chinese-made EVs for five years, but negotiations continue. Jan 20, 2025 - On the day of U.S. President Donald Trump's inauguration, Von der Leyen says the EU should "expand trade and investment ties" with China where possible, in an apparent softening of Brussels' stance. Apr 30, 2025 - China lifts sanctions on some EU lawmakers and institutions imposed in 2021. Jun 20, 2025 - The EU bars Chinese companies from participating in public tenders for medical device purchases exceeding five million euros. Jul 4, 2025 - China spares major cognac producers from duties of up to 34.9% on European brandy imports. Jul 6, 2025 - China retaliates with restricting government purchases of medical devices from the EU that exceed 45 million yuan ($6.3 million) in value. Jul 8, 2025 - Von der Leyen accuses China of flooding global markets with overcapacity and enabling Russia's war economy in a fiery speech at the EU Parliament. REUTERS
GMA Network
3 days ago
- Climate
- GMA Network
Rains from Typhoon Wipha batter Hong Kong as it heads for mainland China
Collapsed bamboo scaffolds of a residential building are seen as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/ Tyrone Siu HONG KONG — Rain pounded Hong Kong on Sunday as Typhoon Wipha skirted southwards, packing winds exceeding 167 kph (103 mph), disrupting 400 flights and public transport, felling hundreds of trees, and damaging a construction site. Just after 4 p.m. on Sunday, weather authorities lowered the typhoon signal in the Asian financial hub to 8 from the maximum of 10, which had been hoisted for nearly seven hours, while more than 110 mm (4 inches) of rain fell within three hours. Much of the rain concentrated on the northern region neighboring the mainland, the city's observatory said, warning of more to come. In a statement, the government said 26 people sought treatment in public hospitals, while 253 flocked to its shelters, and 471 fallen trees were reported. In North Point near the city's harbor, large swathes of scaffolding were swept off a residential building and onto the road. As Wipha tracks westward across the South China Sea it is expected to make landfall later on Sunday between Zhuhai and Zhanjiang in the southern province of Guangdong, state-run broadcaster CCTV said. Authorities in neighboring Macau, the world's biggest gambling hub, also downgraded the typhoon signal to 8 from 10, warning of flooding in its inner harbor area and urging residents to stay safe, public broadcaster TDM said. Hong Kong's airport authority said 80,000 travelers were hit by the rescheduling of 400 flights forced by the typhoon. Cathay Pacific Airways cancelled all flights with Hong Kong airport between 5 a.m. and 6 p.m. on Sunday. It waived ticket change fees and arranged for rebooking. Most public transport in Hong Kong was suspended, including ferries amid high sea swells. — Reuters
The Star
4 days ago
- Sport
- The Star
Soccer-Man Utd lack pace, says coach Amorim after pre-season draw with Leeds
FILE PHOTO: Soccer Football - Friendly - Hong Kong v Manchester United - Hong Kong Stadium, Hong Kong, China - May 30, 2025 Manchester United manager Ruben Amorim REUTERS/Tyrone Siu/File Photo (Reuters) -Manchester United have plenty to improve on and need more pace in their midfield, manager Ruben Amorim said after the Premier League side began their pre-season preparations with a goalless draw against Leeds United. United had their worst-ever Premier League campaign in the 2024-25 season, finishing 15th in the standings, and also failed to qualify for the Champions League as they lost the Europa League final 1-0 to Tottenham Hotspur. The Old Trafford side failed to impress in the draw with newly promoted Leeds in Stockholm on Saturday, despite the inclusion of new signing Matheus Cunha in the starting lineup. "We suffered a little bit when we tried to press high, they kick the ball, win the second ball and they were a danger in that moment," Amorim told MUTV. "We have a lack of pace, especially in the middle of the park, and you can feel it, (so) that's hard to bring the ball (forward). But we created chances. We have a lot to do but it was a first test against a Premier League team, with two different teams, so it was a good test... "As a group, we have a lot to improve, the speed of the game, all the details, so, yeah, we are going to improve." United next play West Ham United at the MetLife Stadium in New Jersey on July 26. (Reporting by Aadi Nair in Bengaluru; Editing by Christopher Cushing)
Express Tribune
4 days ago
- Climate
- Express Tribune
Typhoon Wipha prompts top storm warning in Hong Kong
Listen to article Hong Kong issued its highest storm warning on Sunday as Typhoon Wipha, packing winds of more than 167 kilometres (103 miles) per hour, brought heavy rain and wind across the territory, forcing the cancellation of more than 200 flights. The city's weather observatory raised its storm signal to No. 10 at 9:20 a.m. (0120 GMT) and said it expected it to remain at that level "for some time". A woman braves strong winds as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu Wipha will skirt around 50 km to the south of the observatory, the warning showed. Workers brave strong winds as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu Hurricane-force wind is affecting the southern part of Hong Kong, the observatory said. Cathay Pacific Airways cancelled all of its flights arriving or departing Hong Kong airport between 5 a.m. and 6 p.m. on Sunday. It waived ticket change fees and made arrangements for customers to re-book. A taxi drives past debris as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu Most public transport was suspended on Sunday, including ferries amid high sea swells. A man struggles with an umbrella while walking against strong wind, as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu
