Connect with us

Foreign News

US-China talks end with plan for Trump and Xi to approve

Published

on

Top officials from the US and China have been meeting in London [BBC]

The US and China say they have agreed in principle to a framework for de-escalating trade tensions between the world’s two biggest economies.

US Commerce Secretary Howard Lutnick said the deal should result in restrictions on rare earth minerals and magnets being resolved.

Both sides said they would now take the plan to their country’s presidents – Donald Trump and Xi Jinping – for approval.

The announcement came after two days of negotiations in London between top officials from Beijing and Washington.

Chinese exports of rare earth minerals, which are crucial for modern technology, were high on the agenda of the meetings.

Last month, Washington and Beijing agreed a temporary truce over trade tariffs but each country has since accused the other of breaching the deal.

The US has said China has been slow to release exports of rare earth metals and magnets which are essential for manufacturing everything from smartphones to electric vehicles.

Meanwhile, Washington has restricted China’s access to US goods such as semiconductors and other related technologies linked to artificial intelligence (AI).

“We have reached a framework to implement the Geneva consensus,” Lutnick told reporters.

“Once the presidents approve it, we will then seek to implement it,” he added.

The new round of negotiations followed a phone call between Donald Trump and China’s leader Xi Jinping last week which the US President described as a “very good talk”.

“The two sides have, in principle, reached a framework for implementing the consensus reached by the two heads of state during the phone call on June 5th and the consensus reached at the Geneva meeting,” China’s Vice Commerce Minister Li Chenggang said.

A line chart showing US tariffs imposed on Chinese goods imports, and Chinese tariffs on US good imports, since 1 February. As of 1 February, the US had placed 10% on imports from China, which increased to 20% by 3 March, 54% by 2 April, 104% by 8 April, and 145% by 9 April. It then dropped to 30% on 14 May when a 90-day pause was agreed between the two countries. China only imposed 34% tariffs on US imports on 3 April, 84% on 9 April, and 125% on 11 April. It then dropped to 10% on 14 May.

When Trump announced sweeping tariffs on imports from a number of countries earlier this year, China was the hardest hit. Beijing responded with its own higher rates on US imports, and this triggered tit-for-tat increases that peaked at 145%.

In May, talks held in ///switzerland led to a temporary truce that Trump called a “total reset”.

It brought US tariffs on Chinese products down to 30%, while Beijing slashed levies on US imports to 10% and promised to lift barriers on critical mineral exports. It gave both sides a 90-day deadline to try to reach a trade deal.

But the US and China have since claimed breaches on non-tariff pledges.

US Trade Representative Jamieson Greer said China had failed to rollback restrictions on exports of rare earth magnets.

Beijing said US violations of the agreement included stopping sales of computer chip design software to Chinese companies, warning against using chips made by Chinese tech giant Huawei and cancelling visas for Chinese students.

Ahead of this week’s talks, the Chinese Ministry of Commerce said on Saturday that it had approved some applications for rare earth export licences, although it did not provide details of which countries were involved.

Trump said on Friday that Xi had agreed to restart trade in rare earth materials.

[BBC]



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Foreign News

Cost to US for war on Iran is $3.7bn in first 100 hours, says think tank

Published

on

By

A US B-2 bomber, like those used in the ongoing attacks in Iran, returns from a massive strike on Iranian nuclear sites last year [File: Aljazeera]

The United States-Israeli war on Iran is estimated to have cost Washington $3.7bn so far in its first 100 hours alone, or nearly $900m a day, driven largely by the huge expenditure of munitions, according to new research.

An analysis by Washington-based think tank the Center for Strategic and International Studies (CSIS) underlined the colossal cost of the war, which entered its seventh day on Friday,  as the US attacks Iran with stealth bombers and advanced weapons systems.

Researchers Mark Cancian and Chris Park said only a small amount of the estimated $3.7bn cost of the war in the first 100 hours – or $891.4m each day – was already budgeted for, while most of the costs – $3.5bn – were not.

That meant the Pentagon would likely need to request more funding soon to cover the unbudgeted costs, they said, which was likely to prove a political challenge for the Trump administration and provide “a focal point for opposition to the war,” they said.

Domestic cost-of-living concerns, inflation, and now a knock-on effect of rising gas prices due to the conflict are likely to further diminish support among US citizens for the war. It is also dividing Trump’s “America First” base, which he had promised in his presidential campaigns to not enter “foreign wars”.

Noting that the US Department of Defense had released limited specifics on its operations, the researchers said their analysis drew on Congressional Budget Office (CBO) estimates of the operations and support costs for each unit, adjusting for inflation and unit size, and adding 10 percent for costs of “a higher operational tempo”.

Their analysis said the US had expended more than 2,000 munitions of various types in the first 100 hours of the war, and estimated it would cost $3.1bn to replenish the munitions inventory on a like-for-like basis, with the costs increasing by $758.1m a day.

(Aljazeera)

 

Continue Reading

Foreign News

Britney Spears arrested on suspicion of driving under the influence

Published

on

By

[pic BBC]

Britney Spears has been arrested in California under suspicion of driving under the influence.

The singer was detained by California Highway Patrol at around 21:30 local time (05:30 GMT) on Wednesday. A representative for her told the BBC: “This was an unfortunate incident that is completely inexcusable.”

She was released in the early hours of Thursday morning and is due to appear at Ventura County Superior Court on 4 May.

The reason for the singer’s arrest was confirmed to CBS, the BBC’s US partner, by the Ventura County Sheriff’s Office in southern California.

Spears’ representative told the BBC: “Britney is going to take the right steps and comply with the law and hopefully this can be the first step in long overdue change that needs to occur in Britney’s life.

“Hopefully, she can get the help and support she needs during this difficult time.

“Her boys are going to be spending time with her. Her loved ones are going to come up with an overdue needed plan to set her up for success for well being.”

The pop star appeared to have deleted her Instagram account on Thursday as news of her arrest broke.

Spears is one of the most successful pop stars ever, with hits such as Baby One More Time, Toxic, Everytime, Gimme More, Womanizer, and Stronger.

The singer said in January 2024 that she would “never return to the music industry”. Her last song was a duet with Elton John in 2022.

However, in a since-deleted social media post from earlier this year, Spears indicated that, although she would not perform in the US again, she was hoping to play live in the UK and Australia in the near future.

For 13 years until 2021, Spears was in a conservatorship – a legal guardianship that saw her finances and personal life controlled by her father.

The singer published her memoir in 2023 titled The Woman in Me, which saw her reflect on her career and detail her struggles living under the conservatorship.

Her ex-husband, Kevin Federline, released his own memoir, You Thought You Knew, at the end of 2025.

[BBC]

Continue Reading

Foreign News

‘It’s so good to be home’ – passengers on Dubai-Dublin flight

Published

on

By

Elaine Gleeson welcomed her sister Norita Geary home from Dubai at Dublin Airport [BBC]

“It’s so good to be home.”

The statement sums up how almost 400 people felt after their flight from Dubai arrived in Dublin on Wednesday night.

The Emirates flight was the first in a number of days after the United States-Israeli attacks on Iran led to the closure of nearly all airspace in the Middle East.

One of the passengers, Norita Geary, said: “Everyone clapped when the plane landed and we all cheered.”

“It was unreal. I mean you see these things on television, you see them in movies but you just don’t think you’ll end up there yourself,” she added.

A second flight directly to Dublin from Dubai is scheduled for Thursday, with a further 400 passengers on it.

Rushali Lakhani has long dark hair and black glasses. She is wearing a black top.

Rushali Lakhani said she is feeling “very happy” to be back [BBC]

Rushali Lakhani said she is “very happy” and “very grateful” to be back.

“It was quite a stressful time but grateful and thanking our lucky stars really.”

She said was “it was quite nerve wracking, we couldn’t really sleep much”.

“A lot of sleepless nights, a lot of bangs. There were no airplanes flying so whenever we heard some noises we knew that it wasn’t good news.”

Susan and Monica standing beside each other. Susan has brown hair tied back and a white jacket. Susan has short blonde hair and is wearing a white top and jacket.
Susan and Monica Miller were in the airport “when it all kicked off” [BBC]

So far 25,000 Irish citizens in the region have registered with the Department of Foreign Affairs – 2,000 of them have said they want to leave.

The Irish government has chartered a flight for Irish citizens from Muscat in Oman on Friday.

The Irish Embassy in the UAE thanked all those had registered but warned that registration is not an expression of interest in a flight.

Meanwhile, a flight chartered by the UK government which had been due to bring back some Britons stranded in the Middle East on Wednesday night did not take off as scheduled..

British citizens stuck in the Middle East have told the BBC there has been a lack of information about available routes to travel home.

The Foreign Office said two more chartered flights would depart by the end of the week.

Foreign Office officials said 138,000 British nationals in the Gulf had registered their presence, of whom 112,000 were in the UAE.

[BBC]

Continue Reading

Trending