Foreign News

US and China extend trade truce deadline to avoid tariffs hike

Published

6 months ago

2025/08/12

Priyan

The US and China have extended their trade truce until 10 November, just hours before a jump in tariffs had been set to take effect.

In a joint statement, the world’s two biggest economies said triple-digit tariffs on each other’s goods announced earlier this year will be suspended for another 90 days.

Talks last month ended with both sides calling the discussions “constructive”. China’s top negotiator said at the time that the two countries would push to preserve the truce, while US officials said they were waiting for final sign-off from US President Donald Trump.

On Monday, Trump signed an executive order to extend the tariff truce.

It means Washington will further delay imposing 145% tariffs on Chinese goods and Beijing will continue its pause on 125% duties on US shipments.

Under the agreement, the US will hold its tariffs on Chinese imports at 30%, while China will keep a 10% tariff on American goods.

The truce extension will give more time for negotiations about “remedying trade imbalances” and “unfair trade practices”, the White House said.

It cited a trade deficit of nearly $300bn (£223bn) with China in 2024 – the largest among any of its trading partner.

The talks will also aim to increase access for US exporters to China and address national security and economic issues, the statement said.

A spokesperson for the Chinese embassy in Washington said: “Win-win cooperation between China and the United States is the right path; suppression and containment will lead nowhere.”

In the statement, China also called on the US to lift its “unreasonable” trade restrictions, work together to benefit companies on both sides and maintain the stability of global semiconductor production.

A return of higher duties would have risked further trade turmoil and uncertainty amid worries about the effect of tariffs on prices and the economy.

Trade tensions between the US and China reached fever pitch in April, after Trump unveiled sweeping new tariffs on goods from countries around the world, with China facing some of the highest levies.

Beijing retaliated with tariffs of its own, sparking a tit-for-tat fight that saw tariffs soar into the triple digits and nearly shut down trade between the two countries.

The two sides had agreed to set aside some of those measures in May.

That agreement left Chinese goods entering the US facing an additional 30% tariff compared with the start of the year, with US goods facing a new 10% tariff in China.

The two sides remain in discussions about issues including access to China’s rare earths, its purchases of Russian oil, and US curbs on sales of advanced technology, including chips to China.

Trump recently relaxed some of those export restrictions, allowing firms such as AMD and Nvidia to resume sales of certain chips to firms in China in exchange for sharing 15% of their revenues with the US government.

The US is also pushing for the spin-off of TikTok from its Chinese owner ByteDance, a move that has been opposed by Beijing.

Earlier on Monday in remarks to reporters, Trump did not commit to extending the truce but said dealings had been going “nicely”. A day earlier he called on Beijing to increase its purchases of US soybeans.

Even with the truce, trade flows between the countries have been hit this year, with US government figures showing US imports of Chinese goods in June cut nearly in half compared with June 2024.

In the first six months of the year, the US imported $165bn (£130bn) worth of goods from China, down by about 15% from the same time last year. American exports to China fell roughly 20% year-on-year for the same period.

[BBC]

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Foreign News

Naqvi casts uncertainty on Pakistan’s participation in T20 World Cup after Bangladesh ouster

Published

3 days ago

2026/01/25

Priyan

Mohsin Naqvi said the decision to play in the T20 World Cup or not now rests with the Pakistan government [Cricinfo]

Pakistan’s participation at the upcoming Men’s T20 World Cup 2026 has been thrown into uncertainty after the PCB chairman Mohsin Naqvi said a final decision would be made after talking to Pakistan’s government. Speaking shortly after the ICC officially removed Bangladesh from the T20 World Cup owing to their refusal to play in India, Naqvi accused the ICC of “double standards” favouring India, and termed what happened to Bangladesh “an injustice”.

“Our stance on World Cup participation will be what the government of Pakistan instructs me,” he said. “The Prime Minister is not in Pakistan right now. When he returns, I’ll be able to give you our final decision. It’s the government’s decision. We obey them, not the ICC.”

Over the past week or so, Pakistan has firmly thrown its support behind Bangladesh in their dispute with the ICC demanding a venue outside of India to play their T20 World Cup matches. At an ICC meeting last week, the PCB was understood to be the only board to back the BCB in their stance. The tournament is jointly hosted by India and Sri Lanka, but Bangladesh’s games were all scheduled in India. Bangladesh, however, have said it is no longer safe for them to play in India after the BCCI, on January 3, instructed Kilkata Knight Riders to release Mustafizur Rahman rom their IPL 2026 squad.

Though no reason was stated for that directive, it came amid deteriorating relations between India and Bangladesh. On January 4, the BCB wrote to the ICC after consultation with the government that the Bangladesh team would not travel to India for its T20 World Cup matches due to security concerns, a stance it stuck to through several subsequent discussions with the ICC.

The ICC has repeatedly refused Bangladesh’s request, and earlier this week gave them an ultimatum demanding them to accept the schedule as it was, or face being removed from the tournament. On Saturday, with Bangladesh sticking to their position, the ICC formally announced Bangladesh would not be part of the T20 World Cup, and would be replaced instead by Scotland.

Naqvi was critical of the decision, calling it an injustice to Bangladesh. “I think Bangladesh has been hard done by,” he said. “You can’t have double standards. You can’t say for one country [India] they can do whatever they want and for the others to have to do the complete opposite. That’s why we’ve taken this stand, and made clear Bangladesh have had an injustice done to them. They should play in the World Cup, they are a major stakeholder in cricket.”

While there have been local, unverified reports that the PCB would refuse to participate in the World Cup in solidarity with Bangladesh should they be removed, the PCB has declined to confirm to ESPNcricinfo when approached. Naqvi’s comments to the media on Saturday was the first time anyone at the PCB has directly addressed the issue, where he repeatedly said the decision was no longer in the hands of the PCB.

“If the government of Pakistan says we mustn’t play, then maybe the ICC will bring in a 22nd team (after Scotland). It’s up to the government.”

No specific reason was given by Naqvi other than to support Bangladesh, as to why government permission would now be required for an event that starts in two weeks. Last year, both BCCI and PCB, with the approval of ICC, signed up to a hybrid model agreement by which both countries would play each other on neutral territory for all global events in the 2024-27 rights cycle.

Pakistan play all their games in Sri Lanka for this event (which already was a co-hosted event) and are scheduled to play the opening game of the tournament, against Netherlands on February 7. They are scheduled to play India on February 15 in Colombo in their group stage clash.

[Cricinfo]

Foreign News

Indonesia landslide kills 7, dozens more missing

Published

3 days ago

2026/01/24

Priyan

At least seven people have died and more than 80 others are missing after a landslide hit Indonesia’s West Java province, officials said.

The landslide occurred in the West Bandung region, south-east of the capital Jakarta, following days of intense rainfall.

More than thirty homes were destroyed after “landslide material buried residential areas, causing fatalities and affecting local residents”, Indonesia’s disaster mitigation agency said in a statement.

Flooding, landslide and extreme weather alerts have also been issued for the broader region.

The landslide hit the village of Pasirlangu around 02:30AM on Saturday [24] (19:30 GMT).

Two dozen people were evacuated safely from the affected region, according to Abdul Muhari, communication chief of the National Search Agency.

Images shared by local news outlets showed homes buried under mud and debris.

[BBC]

Foreign News

Alleged drug kingpin and ex-Olympian Ryan Wedding arrested after years on the run

Published

3 days ago

2026/01/24

Priyan

Wedding, seen in an undated photo released by the FBI

Former Canadian Olympic snowboarder and alleged drug kingpin Ryan Wedding has been arrested in Mexico and will be extradited to the US after years on the run, FBI Director Kash Patel has said.

Wedding, who had been on the FBI’s Ten Most Wanted Fugitives list, is accused of running a transnational drug trafficking operation that moved tonnes of cocaine across international borders.

Wedding, 44, was also wanted on murder charges. US officials had said they believed Wedding was living in Mexico under the Sinaloa drug cartel’s protection.

The head of Canada’s federal police force, which assisted in the investigation, spoke alongside Patel on Friday to praise the law enforcement operation.

Wedding is accused of running a vast drug trafficking operation responsible for importing some 60 metric tonnes of cocaine a year.

The organisation operated across North America, as well as several countries in Latin America and the Caribbean, and was also the largest supplier of cocaine to Canada, bringing in an estimated $1bn a year.

Before he was arrested, Wedding was accused of killing a federal witness in a case against him. Officials say he has also ordered the murders of several others.

Wedding is now facing a slew of felony charges, including witness tampering and intimidation, murder, money laundering and drug trafficking.

The FBI had previously placed a $15m (£11m) reward for information leading to his arrest. Patel declined to comment on whether anyone would be claiming the reward money.

US officials have released limited details regarding how Wedding was captured, except to say that his arrest took place on Thursday night in Mexico City.

Mexico’s top security official, Omar García Harfuch, said in a post on X that Patel had visited Mexico City on Thursday, and departed with two fugitives on the FBI’s 10 Most Wanted list.

He did not name the men arrested, but said one was a “Canadian citizen who voluntarily surrendered” at the US embassy in Mexico.

The Associated Press, citing an unnamed Mexican Security Cabinet member, reported that Wedding is the Canadian who turned himself in at the US embassy.

In his remarks at a news conference, Patel described Wedding as a “modern-day Pablo Escobar”, referring to the Colombian cartel leader. US officials have also compared him to Mexican drug dealer Joaquín “El Chapo” Guzmán.

“When you go after a guy like Ryan Wedding, it takes a united front,” Patel said, thanking Canadian and Mexican authorities for their help in the investigation.

Patel also thanked the FBI Hostage Rescue Team, who participated in taking Wedding into custody.

In an interview with Vanity Fair, Patel praised the team, which had also been involved in the capture of Venezuelan President Nicholas Maduro weeks earlier.

“This was a complex, high-stakes operation with zero margin for error,” Patel told the magazine.

“I was on the ground with our team in Mexico and witnessed extraordinary teamwork, precision, and trust between our agents and partners in Mexico.”

Wedding’s aliases include “El Jefe,” “Giant,” “Public Enemy,” “James Conrad King,” and “Jesse King”, the FBI said. He has reportedly had plastic surgery to change his appearance while on the run.

Officials allege that he launched his criminal enterprise following his release from a US federal prison in 2011, where he was serving a sentence for cocaine distribution.

Authorities allege he has ordered dozens of murders across the globe, including in the US, Canada and Latin America.

Getty Images Sign showing $15m reward for Ryan James Wedding — *The FBI had offered a $15m reward for Ryan Wedding (BBC)*

It is unclear to whom the medals belong. Wedding competed for Canada in the 2002 Olympic Games in Salt Lake City, but did not win any medals. He came in 24th place in the men’s giant parallel slalom ski event.

In November, the FBI seized his rare 2002 Mercedes CLK-GTR, which had been valued at $13m.

Patel also spoke about the recent arrest of another man in Mexico who had been on the FBI’s most wanted list.

American man Alejandro Castillo was wanted for the murder of his ex-girlfriend. According to the FBI, he has been in hiding in Mexico for nearly 10 years, and will now be extradited back to North Carolina for trial.

(BBC)