US President Donald Trump`s first round of tariffs on $34 billion of Chinese goods will take effect from July 6 and Beijing has vowed retaliatory measures. A trade war between the two largest economies in the world may break out at any moment.
After the US government recently decided to impose a 25-percent tariff on $50 billion worth of Chinese imports, China immediately announced additional 25-percent duties on 659 US goods worth $50 billion.
Big powers are generally stronger in dealing with the external strategic environment than smaller countries. But they are facing more suspicion and are less popular in their regions.
US President Donald Trump announced on June 12 that he intended to end US military drills with South Korea, calling them "inappropriate" and "provocative." He also said he wants "at some point" to withdraw US troops currently stationed in South Korea. A public clamor resulted as this was seen to be another of Trump`s whimsical decisions. Criticized by US politicians, Trump`s shocking declaration left Seoul at a loss and made South Korean troops nervous.
After firing the first shot in the China-US trade war, Donald Trump has just raised the stakes. He threatens to impose tariffs on an additional 200 billion US dollars worth of Chinese goods if China “refuses to change its practices".
Since the Brexit negotiations commenced on June 19, 2017, political tensions have given rise to economic uncertainty. Paris has eclipsed London as the most attractive European destination for foreign direct investment. The sentiment within the UK is dismal, as each household has seen its annual income shrink by 900 pounds.
The summit between US President Donald Trump and North Korean leader Kim Jong-un in Singapore is an important breakthrough in the history of North Korea-US relations. It brings the nuclear issue closer to resolution. Although more likely to be a consensus, the goal of complete denuclearization of the Korean Peninsula was reaffirmed in the joint statement that the two countries signed. The Trump administration also pledged to halt the annual US-South Korea joint military drill, which fulfills the
In his keynote speech at the 17th Shangri-La Dialogue recently held in Singapore, Indian Prime Minister Narendra Modi emphasized "freedom of navigation" in the South China Sea and "peaceful settlement of disputes," also criticizing the initiatives that place other countries "under impossible debt burden," which were possibly insinuations against Beijing`s South China Sea policy and the Belt and Road initiative.
When US President Donald Trump and North Korean leader Kim Jong-un sat together for a working lunch on Tuesday, they saw two Chinese dishes on the menu - Yangzhou fried rice and sweet and sour pork. I wonder how the Singaporean waiters described the food to the statesmen, but they must have used the term Yangzhou.
China will support Iran to save the 2015 nuclear pact to protect regional stability and safeguard the integrity of international law, Chinese analysts stressed on Tuesday ahead of Iranian President Hassan Rouhani`s upcoming visit to China. Rouhani will arrive in Qingdao, East China`s Shandong Province on Friday for the 18th Shanghai Cooperation Organization (SCO) Summit, the Iranian Embassy in China confirmed with the Global Times on Tuesday.
In what seemed like a sudden turn-around, or two in fact, President Trump, within the course of two days, called off the summit with DPRK’S leader, and then, receiving a cordial reply to his cancellation, decided to put it back on the agenda. While we are not totally privy to what went on behind the scenes, what went “on-stage” seemed to paint a pretty clear picture.Much was made of a rather abrasive message sent out by the DPRK, again threatening a nuclear stand-off and attacking Vice President
Russia`s state-operated Russian-language news agency RIA Novosti said that China warned the Russian firm against drilling off Vietnam. It is obvious that both the Russian firm and media are influenced simply by Vietnam`s stance, which goes against China`s interests. While urging the parties concerned to adjust their stance, China should clearly set forth its own core interests as well.
South Korean mediation was indispensable to the dramatic revival of the US-North Korea summit. Following this, South Korean President Moon Jae-in may travel to Singapore next month for a three-way summit with his US and North Korean counterparts.
The capricious nature of the Korean Peninsula crisis has peaked as US President Donald Trump decided to call off the June 12 meeting with North Korean leader Kim Jong-un on the same day North Korea dismantled the Punggye-ri nuclear test site, and then did a dramatic about-face telling reporters that the date and location of the summit "hasn`t changed."
The US should show more sincerity and consistency in its foreign policy and avoid fooling around with international society, Chinese experts warned Friday after US President Donald Trump said his meeting with North Korean leader Kim Jong-un could still go ahead, one day after he canceled the highly anticipated event.
China and the US have agreed to step back from a trade war and put tariffs on hold, sending a sigh of relief across the world. The two nations are now formulating more specific agreements with an eye on achieving more balanced and positive economic and trade ties.
For most of the four decades of China`s reform and opening up, the United States has been the "foreign nation" that has had the most significant impact on China. This influence has seeped into all aspects of Chinese society and life.
Some experts have explained the deficit on the basis of trade volume. But the real culprit is the monopoly of the US dollar in the global market. It is very important to clarify the relationship between the trade deficit and the current US policy.
Germany and France care about Middle East stability because any war in that region will have a serious impact on Europe`s security, and the Middle East is the main source of China`s energy supply. Therefore, China and Germany share a common concern, Wang said.
At the invitation of the North Korean government, India`s Minister of State for External Affairs V K Singh visited Pyongyang last week. His trip surprised international observers, as high-level exchanges have not been seen between the two countries in recent years. The latest was in 2015 when then North Korean foreign minister Ri Su-yong visited New Delhi, the highest-level North Korean official to visit India in more than 30 years. In September of the same year, Indian Minister of State for Hom