[🇨🇳] China vs USA

[Saif]

US ‘optimistic’ amid trade talks with China

Washington expressed optimism as talks with top Chinese officials continued for a second day Sunday in a bid to de-escalate trade tensions sparked by president Donald Trump’s aggressive tariff rollout...

www.newagebd.net

US ‘optimistic’ amid trade talks with China
Agence France-Presse . Geneva 11 May, 2025, 22:41

Washington expressed optimism as talks with top Chinese officials continued for a second day Sunday in a bid to de-escalate trade tensions sparked by president Donald Trump’s aggressive tariff rollout. | AFP photo

Washington expressed optimism as talks with top Chinese officials continued for a second day Sunday in a bid to de-escalate trade tensions sparked by president Donald Trump’s aggressive tariff rollout.

As the two days of high-level negotiations in Geneva neared an end, US commerce secretary Howard Lutnick told CNN Sunday the administration was ‘optimistic that things will work out well’.

That comment came after Trump posted on Truth Social following the first day of negotiations that Saturday’s discussions had been ‘very good’, deeming them ‘a total reset negotiated in a friendly, but constructive, manner’.

Beijing had yet to comment Sunday, but on Saturday Chinese state news agency Xinhua described the talks as ‘an important step in promoting the resolution of the issue’.

The closed-door meetings between US treasury secretary Scott Bessent, trade representative Jamieson Greer and Chinese vice-premier He Lifeng are taking place at the residence of the Swiss ambassador to the United Nations in Geneva.

After taking a two-hour lunch break, the delegations returned to the discrete villa with sky-blue shutters on the left bank of Lake Geneva at around 3:30pm (1330 GMT), according to an AFP journalist on site.

Lutnick told CNN the teams were hard at work on negotiations that are ‘really important’ for both sides, but did not provide further detail on the contents of the talks.

The discussions are the first time senior officials from the world’s two largest economies have met face-to-face to tackle the thorny topic of trade since Trump slapped steep new levies on China last month, sparking a robust retaliation from Beijing.

‘These talks reflect that the current state of the trade relations with these extremely high tariffs is ultimately in the interests of neither the United States nor China,’ Citigroup global chief economist Nathan Sheets told AFP, calling the tariffs a ‘lose-lose proposition.’

The tariffs imposed by Trump on the Asian manufacturing giant since the start of the year currently total 145 per cent, with cumulative US duties on some Chinese goods reaching a staggering 245 per cent.

In retaliation, China put 125 per cent tariffs on US goods.

Ahead of the meeting, Trump signalled he might lower the tariffs, suggesting on social media that an ’80 per cent Tariff on China seems right!’

However, his press secretary Karoline Leavitt later clarified that the United States would not lower tariffs unilaterally, and that China would also need to make concessions.

Going into the meeting, both sides played down expectations of a major change in trade relations, with Bessent underlining a focus on ‘de-escalation’ and not a ‘big trade deal,’ and Beijing insisting the United States must ease tariffs first.

The fact the talks are even happening ‘is good news for business, and for the financial markets,’ said Gary Hufbauer, a senior non-resident fellow at the Peterson Institute for International Economics (PIIE).

But Hufbauer cautioned he was ‘very sceptical that there will be any return to something like normal US-China trade relations,’ with even a tariff rate of 70 to 80 per cent still potentially halving bilateral trade.

China’s vice premier went into the discussions buoyed by Friday’s news that China’s exports rose last month despite the trade war.

The unexpected development was attributed by experts to a re-routing of trade to Southeast Asia to mitigate US tariffs.

Among some of the more moderate Trump officials like Bessent and Lutnick, ‘there’s a realisation that China is better equipped to deal with this trade war than the US,’ said Hufbauer.

The Geneva meeting comes after Trump unveiled a trade agreement with Britain, the first deal with any country since he unleashed his blitz of global tariffs.

The five-page, non-binding deal confirmed to nervous investors that the United States is willing to negotiate sector-specific relief from recent duties, but maintained a 10 per cent baseline levy on most British goods.

Following the US-UK trade announcement, analysts have voiced pessimism about the likelihood negotiations will lead to any significant changes in the US-China trade relationship.

‘It’s nice that they’re talking. But my expectations for the actual outcomes of this first round of talks is pretty limited,’ Sheets from Citigroup said.

In his Truth Social post, Trump said the talks had made ‘GREAT PROGRESS!!’

‘We want to see, for the good of both China and the US, an opening up of China to American business,’ he added.​

 

[Saif]

US-China trade truce and their existential conflict

The US and China have brokered a temporary mutual reduction in tariffs for 90 days in a bid to deescalate a simmering trade war initiated by US president Donald Trump against China and other countries around the world. Trump's trade war has roiled financial markets and threatened global growth. Dur

thefinancialexpress.com.bd

US-China trade truce and their existential conflict
Muhammad Mahmood
Published :
May 18, 2025 00:16
Updated :
May 18, 2025 00:16

The US and China have brokered a temporary mutual reduction in tariffs for 90 days in a bid to deescalate a simmering trade war initiated by US president Donald Trump against China and other countries around the world. Trump's trade war has roiled financial markets and threatened global growth. During the pause, both parties agreed that talks on economic and trade issues would continue toward an agreement but there were no suggestions how the deep underlying issues might be resolved. This agreement is very similar to the one worked out with the UK recently which was in effect a framework for an eventual agreement with details to be finalised later.

Trump imposed a 145 per cent tariff on imports from China last month and as the US steps up its trade war, China also was hitting hard almost matching the US tariff hikes with 125 per cent tariffs on imports from the US as well as restricting exports of critical minerals. Beijing officials described the tariffs as "blackmail". China also added US entities to its export control list, restricting their ability to do business in China. In fact, China was the only country to retaliate in response to the US tariff measures.

The meeting marked the first talks between China and the US since Trump announced tariffs on all the US' trading partners on April 2, later suspending them for 90 days for every country except China. The agreement while temporary, marks the first concrete step to de-escalate tensions that have been rising since Trump took office on January 20 and almost immediately began imposing tariffs on China.

However, Trump gave a positive reading of the talks even before they had concluded, saying the two sides negotiated "a total reset …..in a friendly, but constructive manner". Speaking after the conclusion of the talks with the Chinese officials in Geneva, US Treasury Secretary Scott Bessent said on last Monday that the US would cut existing tariffs of 145 per cent to 30 per cent. Despite the significant reduction in tariffs on Chinese imports, when combined with the existing tariffs imposed during Trump's first term as President, the effective average tariff rate would exceed 40 per cent.

China on its part will lower its duties on US imports to 10 per cent from 125 percent. China has also agreed to some easing of restrictions on the export of critical minerals to the US, which were imposed in response to the Trump tariffs. Both reductions took effect from last Wednesday.

Both sides were also in agreement that neither side wanted to decouple and what had occurred was the equivalent of a trade embargo, and neither side wanted that. They announced that "the parties will establish a mechanism to continue discussion about economic and trade issues".

The trade war brought nearly US$600 billion in two-way trade to a standstill, disrupting supply chains, sparking fears of stagflation and rising unemployment in the US. The Chinese economy will also get negatively affected if the US tariff rate remains as it stands now. But China has diversified its export destinations since 2020 and much less exposed to the US market. At the start of the first Trump trade war in 2018, US-bound exports from China accounted for 19.8 per cent of total exports and by 2023 that figure had fallen to 12.8 per cent.

Very recently the IMF has provided its revised growth estimates for the US and China. The revised growth estimate for the US now stands at 1.7 per cent for 2025, down from 2.7 per cent estimated in January. For China also the revised growth estimate now is 4 per cent for this year instead of 4.6 per cent estimated early this year.

This agreement along with the 90-day pause to his "reciprocal tariffs" (RT) demonstrates Trump and his trade advisers' belated realisation that his liberation day tariff measures threaten significant damage to the US economy and his domestic authority. Also, his backpedal from a full-scale trade confrontation with China is an implicit recognition that his tariffs will hurt the US economy.

The trade truce has sent a clear message to the US that in a deeply interconnected global economy it cannot achieve its economic, political or strategic objectives against China by economic means as reflected in China holding its ground firm in the face of massive US economic onslaught and compelling the US to change its course.

It is important to note that the trade war truce came amid growing concerns over the bleak global economic outlook resulting from the trade war, which has disrupted supply chains, slowed down trade flows between the two countries. Chinese exports to the US plummeted by 21 per cent in April indicating that within weeks the tariffs have already resulted in significant reduction in the volume of goods arriving in the US from China. As a result, there were growing fears of supply shortages of consumer goods in shops in the US, and this has also added to the urgency for the meeting.

Markets have risen sharply on the news of the tariff pull-back. US stock futures and the US dollar surged, while gold tumbled, inflation eased. Financial markets in Asia responded positively; Hong Kong Hang Seng index rebounded, easing losses sparked by the RT hikes announced on April 2.

Markets in the US have responded positively to the event last weekend as if the trade war is over. But the fact of the matter is the estimated effective average tariff in the US now stands at 17.8 per cent in comparison to 2.4 per cent average tariff before Trump assumed office in January. This rate is the highest rate since 1934.

The Financial Times in an editorial described the tariff pause agreement as an "uneasy détente" without any guarantee that the three-month pause would lead to a "enduring case-fire" and there was no indication that the talks would help to bring down the US trade deficit with China.

Though rarely stated outright, Trump aims to break the dominance of China's export-led economic model. It is also a part of his strategic initiative to reshape global trading system to forestall China emerging as the dominant regional power in East Asia.

The Wall Street Journal, a mouthpiece of the US corporate establishment remains staunchly opposed to Trump tariffs. In an editorial it noted that Trump's approach had hurt his ability to rallying a united front against China because his tariffs targeted against allies had eroded trust in the US' economic and political reliability.

The US and China are also amid a battle for currency dominance, with the Chinese yuan or renminbi gaining considerable power over the last decade in global trade as countries seek less reliance on the US dollar as the US government ruthlessly weaponises its currency. China is also trying to woo other countries, presenting itself as a stable partner in contrast to a capricious US.

Also, trade decisions on this scale are not about trade alone. In his executive order, Trump declared that "large and persistent trade deficits constitute an unusual and extraordinary threat to the national security and the economy of the United States". The key underlying objective in the conflict is the suppression of the economic rise, hence also military capabilities of China. The US considers it as an existential issue if the US is to remain the global hegemon.

The close integration of the global economy over the last 30+ years makes it impossible for the US to achieve its objectives against the rise of China by economic means alone as that will cause damage to the US economy as well. The truce is viewed by some strategic analysts as a strategic retreat by the US rather than any strategic realignment.

The conflict predates Trump's appearance on the US political scene. The trade truce in no way, therefore, signals a policy shift in the drive towards achieving its long-term broader objectives against China which has a bipartisan support in the country. So, the pause, truce or détente whichever way one may like to designate the agreement reached between the US and China last Monday in Geneva is nowhere near resolving the existential conflict between them.​

 

[Saif]

The post-truce state of US-China trade looks dire

Markets appear to be writing off the latest Sino-American trade conflict as quickly as they priced it in. China’s benchmark CSI 300 index is up 1.4 percent this year, marking a full recovery from its sharp drop in early April after President Donald Trump announced a 34 percent reciprocal tariff...

www.thedailystar.net

The post-truce state of US-China trade looks dire

People browse for iPhones at an Apple store in the Huangpu district in Shanghai on April 11, 2025. Photo: AFP

Markets appear to be writing off the latest Sino-American trade conflict as quickly as they priced it in. China's benchmark CSI 300 index is up 1.4 percent this year, marking a full recovery from its sharp drop in early April after President Donald Trump announced a 34 percent reciprocal tariff on Chinese goods, which swiftly spiralled into triple-digit retaliatory levies. The latter has been cancelled and the former suspended for 90 days, leaving the official reciprocal charge at 10 percent, level with other countries.

In reality, it's much higher. Beijing's burden was already heavier, having started out Trump's second term with effective tariffs of roughly 11 percent incurred during his previous trade war. Almost immediately, the White House then slapped another 20 percent on Chinese goods, citing concerns over fentanyl. That, stacked atop the other blanket levies, brings the country's total to more than 40 percent.

The administration did carve out some exemptions for smartphones, computers and other electronics. Factor in both those but also new global tariffs on products like steel, and the effective rate is almost 32 percent, per Fitch. That's far higher than the global average of about 13 percent, the rating agency estimates.

Optimists may take heart from the speed with which Beijing and Washington scrapped the retaliatory levies. So far, though, aside from a modest and preliminary pact with the UK, there is little indication that US. discussions with its other trading partners are yielding much real progress ahead of their 90-day deadline in early July.

Worse, the electronics carve-out on April 13 was followed the next day by a national security probe into semiconductor imports. If that ends up shrinking the loophole and pushing the effective rate on China higher, it will complicate already fraught trade talks.

Those with skin in the game don't expect a quick deal restoring the status quo ante. Apple intends to shift production of most US-bound iPhones to India, Reuters reported last month. Last week, Allan Wong, CEO of Hong Kong's Vtech — one of the world's largest toymakers and a supplier for Walmart — told the Financial Times that he planned to shift all production for the US market out of China by the end of next year.

Other manufacturers previously battered by protracted uncertainty during Trump's 2018-2020 trade war are planning similar moves, Nikkei and others have reported. Traders may be betting on a quick resolution, but that's at odds with the dire situation on the ground.

The effective US tariff rate on imports from China currently stands at 31.8 percent, per a report from ratings agency Fitch on May 13, the highest of any trading partner.

That's after President Donald Trump's administration on May 12 suspended for 90 days the 34 percent US reciprocal tariff on goods from the People's Republic and cancelled triple-digit retaliatory levies imposed last month.

The White House exempted smartphones, computers and some other electronics from reciprocal tariffs on April 13, but opened a national security probe into semiconductor imports the following day.

Allan Wong, CEO of Hong Kong-based VTech, one of the world's largest toymakers and supplier for Walmart, told the Financial Times on May 14 that despite the trade truce his company planned to shift all production for the American market out of China by the end of 2026.​

 

[Saif]

US vows to ‘aggressively’ oust Chinese students

Young Chinese people have long been crucial to US universities, which rely on international students paying full tuition.

en.prothomalo.com

US vows to ‘aggressively’ oust Chinese students
AFP Washington
Published: 29 May 2025, 12: 50

US Secretary of State Marco Rubio.File photo: Reuters

President Donald Trump’s administration on Wednesday vowed to “aggressively” revoke visas of Chinese students, one of the largest sources of revenue for American universities, in his latest broadside against US higher education.

The announcement by Secretary of State Marco Rubio marked a show of defiance after China criticised his decision a day earlier to suspend visa appointments for students worldwide at least temporarily.

The Trump administration has already sought to end permission for all international students at Harvard University, which has rebuffed pressure from the president related to student protests.

The United States will “aggressively revoke visas for Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields,” Rubio said in a statement.

“We will also revise visa criteria to enhance scrutiny of all future visa applications from the People’s Republic of China and Hong Kong,” he said.

Young Chinese people have long been crucial to US universities, which rely on international students paying full tuition.

China sent 277,398 students in the 2023-24 academic year, although India for the first time in years surpassed it, according to a State Department-backed report of the Institute of International Education.

Trump in his previous term also took aim at Chinese students but focused attention on those in sensitive fields or with explicit links with the military.

It was unclear to what extent Rubio’s statement marked an escalation.

Global uncertainty

China’s foreign ministry spokeswoman Mao Ning on Wednesday said Beijing urged Washington to “safeguard the legitimate rights and interests of international students, including those from China.”

Rubio has already trumpeted the revocation of thousands of visas, largely to international students who were involved in activism critical of Israel.

A cable signed by Rubio on Tuesday ordered US embassies and consulates not to allow “any additional student or exchange visa... appointment capacity until further guidance is issued” on ramping up screening of applicants’ social media accounts.

The measures also threaten to pressure students from countries friendly to the United States.

In Taiwan, a PhD student set to study in California complained of “feeling uncertain” by the visa pause.

“I understand the process may be delayed but there is still some time before the semester begins in mid-August,” said the 27-year-old student who did not want to be identified.

“All I can do now is wait and hope for the best.”

Protests at Harvard

Trump is furious at Harvard for rejecting his administration’s push for oversight on admissions and hiring, amid the president’s claims the school is a hotbed of anti-Semitism and “woke” liberal ideology.

A judge paused the order to bar foreign students pending a hearing scheduled for Thursday, the same day as the university’s graduation ceremony for which thousands of students and their families had gathered in Cambridge, Massachusetts.

The White House has also stripped Harvard, as well as other US universities widely considered among the world’s most elite, of federal funding for research.

“The president is more interested in giving that taxpayer money to trade schools and programs and state schools where they are promoting American values, but most importantly, educating the next generation based on skills that we need in our economy and our society,” White House Press Secretary Karoline Leavitt said on Fox News.

Some Harvard students were worried that the Trump administration’s policies would make US universities less attractive to international students.

“I don’t know if I’d pursue a PhD here. Six years is a long time,” said Jack, a history of medicine student from Britain who is graduating this week and gave only a first name.

Harvard has filed extensive legal challenges against Trump’s measures.​

 

[Saif]

Pentagon chief warns China 'preparing' to use military force in Asia

US Secretary of Defense Pete Hegseth warned Saturday that China was "credibly preparing" to use military force to upend the balance of power in Asia, vowing the United States was "here to stay" in the Indo-Pacific region. The Pentagon chief made the remarks at an annual security forum in...

en.prothomalo.com

Pentagon chief warns China 'preparing' to use military force in Asia
AFP Singapore
Published: 31 May 2025, 22: 28

US Secretary of Defense Pete Hegseth (L) is greeted by his Singaporean counterpart Chan Chun Sing (R) at a ministerial roundtable during the Shangri-La Dialogue Summit in Singapore on 31 May 2025. AFP

US Secretary of Defense Pete Hegseth warned Saturday that China was "credibly preparing" to use military force to upend the balance of power in Asia, vowing the United States was "here to stay" in the Indo-Pacific region.

The Pentagon chief made the remarks at an annual security forum in Singapore as the administration of US President Donald Trump spars with Beijing on trade, technology, and influence over strategic corners of the globe.

Since taking office in January, Trump has launched a trade war with China, sought to curb its access to key AI technologies and deepened security ties with allies such as the Philippines, which is engaged in escalating territorial disputes with Beijing.

"The threat China poses is real and it could be imminent," Hegseth said at the Shangri-La Dialogue attended by defence officials from around the world.

Beijing is "credibly preparing to potentially use military force to alter the balance of power in the Indo-Pacific", he added.

Hegseth warned the Chinese military was building the capabilities to invade Taiwan and "rehearsing for the real deal".

Beijing has ramped up military pressure on Taiwan and held multiple large-scale exercises around the island, often described as preparations for a blockade or invasion.

The United States was "reorienting toward deterring aggression by communist China", Hegseth said, calling on US allies and partners in Asia to swiftly upgrade their defences in the face of mounting threats.

'Wake-up call'

Hegseth described China's conduct as a "wake-up call", accusing Beijing of endangering lives with cyber attacks, harassing its neighbours, and "illegally seizing and militarising lands" in the South China Sea.

Beijing claims almost the entire disputed waterway, through which more than 60 percent of global maritime trade passes, despite an international ruling that its assertion has no merit.

It has clashed repeatedly with the Philippines in the strategic waters in recent months, with the flashpoint set to dominate discussions at the Singapore defence forum, according to US officials.

As Hegseth spoke in Singapore, China's military announced that its navy and air force were carrying out routine "combat readiness patrols" around the Scarborough Shoal, a chain of reefs and rocks Beijing disputes with the Philippines.

"China's assertiveness in the South China Sea has only increased in recent years," Casey Mace, charge d'affaires at the US embassy in Singapore, told journalists ahead of the meeting.

"I think that this type of forum is exactly the type of forum where we need to have an exchange on that."

Beijing has not sent any top defence ministry officials to the summit, dispatching a delegation from the People's Liberation Army National Defence University instead.

Hegseth's hard-hitting address drew a critical reaction from Chinese analysts at the conference.

Da Wei, director of the Center for International Security and Strategy at Tsinghua University told reporters the speech was "very unfriendly" and "very confrontational", accusing Washington of double standards in demanding Beijing respect its neighbours while bullying its own -- including Canada and Greenland.

Former Senior Colonel Zhou Bo, from the Centre for International Security and Strategy at Tsinghua University told AFP that training drills did not mean China would invade Taiwan, saying the government wanted "peaceful reunification".

Hegseth's comments came after Trump stoked new trade tensions with China, arguing that Beijing had "violated" a deal to de-escalate tariffs as the two sides appeared deadlocked in negotiations.

The world's two biggest economies had agreed to temporarily lower eye-watering tariffs they had imposed on each other, pausing them for 90 days.

'Priority theatre'

Reassuring US allies on Saturday, Hegseth said the Indo-Pacific was "America's priority theatre", pledging to ensure "China cannot dominate us -- or our allies and partners".

He said the United States had stepped up cooperation with allies including the Philippines and Japan, and reiterated Trump's vow that "China will not invade (Taiwan) on his watch".

But he called on US partners in the region to ramp up spending on their militaries and "quickly upgrade their own defences".

"Asian allies should look to countries in Europe for a newfound example," Hegseth said, citing pledges by NATO members including Germany to move toward Trump's spending target of five percent of GDP.

"Deterrence doesn't come on the cheap."

EU foreign policy chief Kaja Kallas, also in Singapore, said the Trump adminstration's "tough love" had helped push the continent to beef up its defences.

"It's love nonetheless, so it's better than no love," Kallas quipped when asked about Hegseth's speech.​

 

[Saif]

Trump, Xi likely to speak soon on minerals trade dispute, aides say

US President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including a dispute over critical minerals, Treasury Secretary Scott Bessent said on Sunday. Trump on Friday accused China of violating an agreement with the US to mutually roll back tariffs and tra

thefinancialexpress.com.bd

Trump, Xi likely to speak soon on minerals trade dispute, aides say

REUTERS
Published :
Jun 01, 2025 21:39
Updated :
Jun 01, 2025 21:39

US President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Photo : REUTERS/Kevin Lamarque/Files

US President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including a dispute over critical minerals, Treasury Secretary Scott Bessent said on Sunday.

Trump on Friday accused China of violating an agreement with the US to mutually roll back tariffs and trade restrictions for critical minerals.

"What China is doing is they are holding back products that are essential for the industrial supply chains of India, of Europe. And that is not what a reliable partner does," Bessent said in an interview with CBS' "Face the Nation."

"I am confident that when President Trump and Party Chairman Xi have a call, that this will be ironed out. But the fact that they are withholding some of the products that they agreed to release during our agreement - maybe it's a glitch in the Chinese system, maybe it's intentional. We'll see after the President speaks with the party chairman."

Trump said on Friday he was sure that he would speak to Xi. China said in April that the two leaders had not had a conversation recently.

Asked if a talk with Xi was on Trump's schedule, Bessent said, "I believe we'll see something very soon."

White House economic adviser Kevin Hassett said no specific date for the conversation has been set, but there have been discussions that the leaders will talk about last month's Geneva agreement on some tariff disputes.

"President Trump, we expect, is going to have a wonderful conversation about the trade negotiations this week with President Xi. That's our expectation," Hassett said.​

 

[Saif]

China accuses US's Hegseth of 'vilifying' remarks at security forum

China has protested to the United States against "vilifying" remarks made by Defense Secretary Pete Hegseth, the foreign ministry said on Sunday, while accusing it of deliberately ignoring calls for peace from regional nations. China has objected to Hegseth calling it a threat in the Indo-Pacific,

thefinancialexpress.com.bd

China accuses US's Hegseth of 'vilifying' remarks at security forum

REUTERS
Published :
Jun 01, 2025 18:27
Updated :
Jun 01, 2025 18:27

US Defense Secretary Pete Hegseth speaks at the IISS Shangri-La Dialogue security summit in Singapore, May 31, 2025. Photo : REUTERS/Edgar Su

China has protested to the United States against "vilifying" remarks made by Defense Secretary Pete Hegseth, the foreign ministry said on Sunday, while accusing it of deliberately ignoring calls for peace from regional nations.

China has objected to Hegseth calling it a threat in the Indo-Pacific, the ministry added, describing his comments at the Shangri-La Dialogue in Singapore on Saturday as "deplorable".

"Hegseth deliberately ignored the call for peace and development by countries in the region and instead touted the Cold War mentality for bloc confrontation, vilified China with defamatory allegations, and falsely called China a 'threat'," the ministry said on its website.

"The United States has deployed offensive weaponry in the South China Sea and kept stoking flames and creating tensions in the Asia-Pacific, which are turning the region into a powder keg," it added in the statement.

China's defence ministry also weighed in, saying the U.S. is "accustomed to using" the forum to "stoke disputes, sow discord and seek selfish interests".

"China's armed forces will work with other countries in the region to oppose hegemonism harming the Asia-Pacific region," ministry spokesperson Zhang Xiaogang said in a statement posted on the ministry's WeChat account.

Hegseth had urged allies in the Indo-Pacific region, including key security partner Australia, to spend more on defence after warning of the "real and potentially imminent" threat from China.

Asked about the call to boost defence spending, Australian Prime Minister Anthony Albanese said his government had pledged an extra A$10 billion ($6 billion) to defence.

"What we'll do is we'll determine our defence policy," he told reporters on Sunday, a transcript of his remarks showed.

As part of Washington's longstanding defence ties with the Philippines, the U.S. military this year deployed Typhon launchers that can fire missiles to hit targets in both China and Russia from the island of Luzon.

China and the Philippines contest sovereignty over some islands and atolls in the South China Sea, with growing maritime run-ins between their coast guards as both vie to patrol the waters.

China's delegation at the forum said "external intervention" was the biggest risk for stability in the South China Sea, saying the country had shown "goodwill and restraint" through talks on the issue.

"Some foreign powers have sent warplanes and warships to the South China Sea for so-called 'freedom of navigation,'" the state-backed Global Times newspaper cited Senior Colonel Zhang Chi from the PLA National Defence University as saying.

Such actions infringed China's territorial sovereignty and maritime rights and interests, he added.

The United States, Australia, Japan and the Philippines have conducted joint maritime operations in the busy waterway.

China claims nearly all the South China Sea, including parts of the exclusive economic zones of Brunei, Indonesia, Malaysia, the Philippines and Vietnam.

In 2016, an international arbitration tribunal ruled Beijing's expansive claim had no basis in international law, however.

China's foreign ministry also told the United States not to "play with fire" on the question of Taiwan.

Any attempt by China to conquer Taiwan "would result in devastating consequences", Hegseth said in his speech to Asia's premier forum for defence leaders, military officials and diplomats.

China has vowed to "reunify" with the separately governed island, by force if necessary. Taiwan's government rejects Beijing's sovereignty claims, saying only the island's people can decide their future.​

 

[Saif]

Trump, Xi will likely speak this week

President Donald Trump and Chinese leader Xi Jinping will likely speak this week, White House press secretary Karoline Leavitt said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions.

www.thedailystar.net

Trump, Xi will likely speak this week
Says White House amid tariff row

US President Donald Trump and Chinese President Xi Jinping in April 2017. AFP file photo

President Donald Trump and Chinese leader Xi Jinping will likely speak this week, White House press secretary Karoline Leavitt said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions.

Leavitt is the third top Trump aide to forecast an imminent call between the two leaders to iron out differences on last month's tariff agreement in Geneva, among larger trade issues. It was not immediately clear when the two leaders will speak.

US Treasury Secretary Scott Bessent told CBS' "Face the Nation" on Sunday that Trump and Xi would speak "very soon" to iron out trade issues including a dispute over critical minerals and China's restrictions on exports of certain minerals.​

 

[Saif]

Beijing slams Rubio 'attack' on China after Tiananmen Square remarks

Beijing hit back Wednesday at US Secretary of State Marco Rubio for saying the world will "never forget" the deadly Tiananmen Square crackdown in 1989, describing his remarks as an "attack" on China.

en.prothomalo.com

Beijing slams Rubio 'attack' on China after Tiananmen Square remarks

AFP Beijing
Published: 04 Jun 2025, 23: 07

China, US flag

Beijing hit back Wednesday at US Secretary of State Marco Rubio for saying the world will "never forget" the deadly Tiananmen Square crackdown in 1989, describing his remarks as an "attack" on China.

Troops and tanks forcibly cleared peaceful protesters from Beijing's Tiananmen Square on 4 June 1989, after weeks-long demonstrations demanding greater political freedoms.

The exact toll is unknown but hundreds died, with some estimates exceeding 1,000.

China's communist rulers have since sought to erase any public mention of the crackdown, with censors scrubbing all online references.
Police were seen by AFP on Wednesday at the entrance to Wan'an Cemetery, a site in west Beijing where victims of the crackdown are known to be buried.

Officers were also posted at several intersections leading into Tiananmen Square.

On Wednesday evening, a line of buses and a cherry picker partially blocked screens at the German and Canadian embassies showing images of candles, a symbol commonly used to pay tribute to Tiananmen victims.

'Never forget'

Rubio said in a statement the "world will never forget" what happened on June 4, even as Beijing "actively tries to censor the facts".

"Today we commemorate the bravery of the Chinese people who were killed as they tried to exercise their fundamental freedoms, as well as those who continue to suffer persecution as they seek accountability and justice for the events of June 4, 1989," Rubio said.

Chinese foreign ministry spokesman Lin Jian hit back during a briefing in the capital, saying Beijing had "lodged a solemn protest" over the American politician's comments which "maliciously distort historical facts ... and seriously interfere in China's internal affairs".

Taiwanese President Lai Ching-te echoed Rubio's remarks, vowing to preserve the memory of victims of the bloody crackdown.

"Authoritarian governments often choose to be silent and forget history; democratic societies choose to preserve the truth and refuse to forget those who have contributed to the ideal of human rights and their dreams," Lai said on Facebook.

China claims Taiwan is part of its territory and has threatened to seize the democratically-run island by force.

'Reaffirm our commitment'

In Hong Kong, jailed activist Chow Hang-tung began a 36-hour hunger strike on Wednesday, a dogged attempt to individually commemorate the anniversary in a city that once hosted huge public remembrances.
The former lawyer used to help organise an annual vigil that drew tens of thousands to the city's Victoria Park.

Hong Kong had been the only place under Chinese rule where commemoration of the crackdown was tolerated.

Slogans at the candlelight vigil sometimes called for democracy in China and an end to one-party rule.

But after huge and sometimes violent protests roiled the city in 2019, Beijing brought in a wide-ranging national security law that has quashed political dissent.

The public memorial has effectively been banned and Chow imprisoned, facing a potential life sentence on subversion charges.

On Wednesday, AFP journalists saw at least seven people taken away by police around Victoria Park, including two schoolgirls holding white flowers -- which often signify mourning in Chinese culture -- and a man standing in silent tribute.

Some people were stopped and searched by police.

"It's a shame that there's no more (vigils)... In fact, no one will ever forget (the vigils)," a man named Yuen, 49, who did not give his first name, told AFP.

Over the last few years, activists have been detained for "offences in connection with seditious intention" around the anniversary.

In a social media post, Chow said her hunger strike would "commemorate this day and reaffirm our commitment" and urged authorities to apologise over her "wrongful" imprisonment.

"History tells us that (the apology) will likely take a very long time -- the Tiananmen Mothers have been waiting for 36 years and still have not received an apology," she said, referring to an activist group made up of families of victims of the crackdown.

A video featuring 87-year-old Zhang Xianling, whose 19-year-old son was killed in 1989, circulated online last week.

China's authorities have never addressed the group's plea for dialogue around the issue -- instead, they have used all means to monitor and wiretap members of the Tiananmen Mothers, Zhang said.

"The lights in Victoria Park may have been blown out by the gales, but the sparks of justice will glow in the hearts of every conscientious person," she added.

At a vigil Wednesday on Taipei's Liberty Square, 20-year-old American student Lara Waldron told AFP: "I feel like this June 4 is very close to me right now.

"As a college student, I'm of the age of many organisers and participants -- people (who) lost their lives in Tiananmen."​

 

[Saif]

Trump and Xi agree to more talks as trade disputes brew

U.S. President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key issues to further talks. During the more than one-hour-long call, Xi told Trump to back down from trade

thefinancialexpress.com.bd

Trump and Xi agree to more talks as trade disputes brew

REUTERS
Published :
Jun 05, 2025 23:50
Updated :
Jun 05, 2025 23:50

U.S. President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Photo : REUTERS/Kevin Lamarque/Files

U.S. President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key issues to further talks.

During the more than one-hour-long call, Xi told Trump to back down from trade measures that roiled the global economy and warned him against threatening steps on Taiwan, according to a Chinese government summary.

But Trump said on social media that the talks focused primarily on trade led to “a very positive conclusion,” announcing further lower-level U.S.-China discussions, and that “there should no longer be any questions respecting the complexity of Rare Earth products.”

He later told reporters: “We’re in very good shape with China and the trade deal.”

The leaders also invited each other to visit their respective countries.

The highly anticipated call came in the middle of a dispute between Washington and Beijing in recent weeks over “rare earths” minerals that threatened to tear up a fragile truce in the trade war between the two biggest economies. It was not clear from either countries’ statements that the issue had been resolved.

A U.S. delegation led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet with their Chinese counterparts “shortly at a location to be determined,” Trump said on social media.

The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump’s January inauguration.

Though stocks rallied, the temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and U.S. complaints about China’s state-dominated, export-driven economic model.

Since returning to the White House in January, Trump has repeatedly threatened an array of punitive measures on trading partners, only to revoke some of them at the last minute. The on-again, off-again approach has baffled world leaders and spooked business executives.

Major U.S. stock indexes were higher on Thursday.

China’s decision in April to suspend exports of a wide range of critical minerals and magnets continues to disrupt supplies needed by automakers, computer chip manufacturers and military contractors around the world.

Beijing sees mineral exports as a source of leverage - halting those exports could put domestic political pressure on the Republican U.S. president if economic growth sags because companies cannot make mineral-powered products.

The 90-day deal to roll back tariffs and trade restrictions is tenuous. Trump has accused China of violating the agreement and has ordered curbs on chip-design software and other shipments to China. Beijing rejected the claim and threatened counter-measures.

“The U.S. side should take a realistic view of the progress made and withdraw the negative measures imposed on China,” the Chinese government said in a statement summarizing Xi’s call with Trump published by the state-run Xinhua news agency. “Xi Jinping emphasized that the United States should handle the Taiwan issue prudently.”

TOP RIVALS

In recent years, the United States has identified China as its top geopolitical rival and the only country in the world able to challenge the U.S. economically and militarily.

Despite this and repeated tariff announcements, Trump has spoken admiringly of Xi, including of the Chinese leader’s toughness and ability to stay in power without the term limits imposed on U.S. presidents.

Trump has long pushed for a call or a meeting with Xi, but China has rejected that as not in keeping with its traditional approach of working out agreement details before the leaders talk.

The U.S. president and his aides see leader-to-leader talks as vital to sort through log-jams that have vexed lower-level officials in difficult negotiations.

Thursday’s call came at Trump’s request, China said.

It’s not clear when the two men last spoke.

Both sides said they spoke on Jan. 17, days before Trump’s inauguration and Trump has repeatedly said that he had spoken to Xi since taking office on Jan. 20. He has declined to say when any call took place or to give details of their conversation. China had said that the two leaders had not had any recent phone calls.

The talks are being closely watched by investors worried that a chaotic trade war could disrupt supply chains in the key months before the Christmas holiday shopping season. Trump’s tariffs are the subject of ongoing litigation in U.S. courts.

Trump has met Xi on several occasions, including exchange visits in 2017, but they have not met face to face since 2019 talks in Osaka, Japan.

Xi last traveled to the U.S. in November 2023, for a summit with then-President Joe Biden, resulting in agreements to resume military-to-military communications and curb fentanyl production.​

 

[Saif]

Trump says China can buy Iranian oil, but urges it to purchase US crude

US President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of US sanctions. “China can now continue to purchase Oil from Iran. Hopefully, they will be...

en.prothomalo.com

Trump says China can buy Iranian oil, but urges it to purchase US crude
​

• Senior White House official said Trump’s comments do not reflect a new policy​
• ​
• Trump’s comments signal bearish outlook for oil prices​
• ​
• No near-term impact on China’s Iranian, US oil purchases expected​
• ​
• Saudi Arabia may be upset by China’s Iranian oil purchases​

Reuters
Published: 25 Jun 2025, 12: 15

A tug boat tows a barge off the coast of Khasab, on northern Oman’s Musandam Peninsula overlooking the Strait of Hormuz on 24 June 2025 AFP

US President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of US sanctions.

“China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the US, also,” Trump said in a post on Truth Social, just days after he ordered US bombings of three Iranian nuclear sites.

Trump was drawing attention to no attempts by Iran so far to close the Strait of Hormuz to oil tankers, as a closure would have been hard for China, the world’s top importer of Iranian oil, a senior White House official told Reuters.

“The president continues to call on China and all countries to import our state-of-the-art oil rather than import Iranian oil in violation of US sanctions,” the official said.

After the ceasefire announcement, Trump’s comments on China were another bearish signal for oil prices, which fell nearly 6 per cent on Tuesday.

Any relaxation of sanctions enforcement on Iran would mark a US policy shift after Trump said in February he was re-imposing maximum pressure on Iran, aiming to drive its oil exports to zero, over its nuclear program and funding of militants across the Middle East.

Trump imposed waves of Iran-related sanctions on several of China’s independent “teapot” refineries and port terminal operators for purchases of Iranian oil.

“President Trump’s greenlight for China to keep buying Iranian oil reflects a return to lax enforcement standards,” said Scott Modell, a former CIA officer, now CEO of Rapidan Energy Group.

In addition to not enforcing sanctions, Trump could suspend or waive sanctions imposed by executive order or under authorities a president is granted in laws passed by Congress.

Trump will likely not waive sanctions ahead of coming rounds of US-Iran nuclear talks, Modell said. The measures provide leverage given Tehran’s demand that any deal includes lifting them permanently.

Jeremy Paner, a partner at law firm Hughes Hubbard & Reed, said if Trump chooses to suspend Iran oil-related sanctions, it would require lots of work between agencies.

The US Treasury would need to issue licenses, and the State Department would have to issue waivers, which require Congressional notification.

Oil traders and analysts in Asia said they did not expect Trump’s comments to have a near-term impact on Chinese purchases of oil from either Iran or the US

Iranian oil accounts for roughly 13.6 per cent of China’s oil purchases this year, with the discounted barrels providing a lifeline to margin-squeezed independent refineries. US oil accounts for just 2 per cent of China’s imports, and Beijing’s 10 per cent tariffs on US oil deter further purchases.

Pressure on China

China has long opposed what it has called Washington’s “abuse of illegal unilateral sanctions.” China’s embassy in Washington did not immediately respond to a request for comment about Trump’s post.

Larger purchases of Iranian oil by China and other consumers could upset US ally Saudi Arabia, the world’s largest oil exporter.

The impact of US sanctions on Iran’s exports, however, has been limited since Trump’s first administration when he cracked down harder on Tehran.

Trump has “flashed the Glock” this year with sanctions on Chinese trading companies and terminals, Modell said, referring to revealing a gun. But the results have been far more “minimum pressure” than maximum, Modell added.

State Department spokesperson Tammy Bruce told reporters that Trump had signaled what he wanted to happen and that his administration is focused on delivering that. She would not say what the process would entail.

“But clearly we are focused on making sure that (the) guiding hand of President Trump prevails and moves this government forward, so we will have to wait and see when it comes to what that ends up looking like,” Bruce said.​

 

[Saif]

Trump tells Fox News he has group of wealthy people to buy TikTok

US President Donald Trump said in a Fox News interview broadcast on Sunday that he had found a buyer for the TikTok short-video app, which he described as a group of "very wealthy people" whose identities he will reveal in about two weeks. Trump made the remarks in an interview on Fox News' "Sunda

thefinancialexpress.com.bd

Trump tells Fox News he has group of wealthy people to buy TikTok

REUTERS
Published :
Jun 30, 2025 00:00
Updated :
Jun 30, 2025 00:00

A general view of the offices of TikTok, as the site faced an April 5 deadline to reach a deal to find a non-Chinese buyer under threat of being banned from the United States, in Culver City, California, US, Apr 2, 2025. Photo : REUTERS/Daniel Cole

US President Donald Trump said in a Fox News interview broadcast on Sunday that he had found a buyer for the TikTok short-video app, which he described as a group of "very wealthy people" whose identities he will reveal in about two weeks.

Trump made the remarks in an interview on Fox News' "Sunday Morning Futures with Maria Bartiromo" programme. He said the deal he is developing would probably need China's approval to move forward and he predicted Chinese President Xi Jinping would likely approve it.

The US president earlier this month had extended to Sept 17 a deadline for China-based ByteDance to divest the US assets of TikTok despite a law that mandated a sale or shutdown without significant progress.

A deal had been in the works this spring that would have spun off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods.

"We have a buyer for TikTok, by the way," Trump said. "I think I'll need probably China's approval. I think President Xi will probably do it."

A 2024 US law required TikTok to stop operating by Jan 19 unless ByteDance had completed divesting the app's US assets or demonstrated significant progress toward a sale.

Trump, who credits the app with boosting his support among young voters in last November's presidential election, has extended the deadline three times.​

 

[Saif]

Rubio meets China's Wang amid trade tensions, says good chance of Trump-Xi talks

US Secretary of State Marco Rubio said on Friday he had "positive and constructive" talks with Chinese Foreign Minister Wang Yi, as the two major powers vied to push their agendas in Asia at a time of tension over Washington'stariff offensive. The top US diplomat was in Malaysia on his first Asia

thefinancialexpress.com.bd

Rubio meets China's Wang amid trade tensions, says good chance of Trump-Xi talks

REUTERS
Published :
Jul 11, 2025 19:07
Updated :
Jul 11, 2025 19:07

US Secretary of State Marco Rubio meets with China's Foreign Minister Wang Yi during the 58th ASEAN Foreign Ministers? meeting and related meetings at the Convention Centre in Kuala Lumpur on July 11, 2025. Photo : MANDEL NGAN/Pool via REUTERS

US Secretary of State Marco Rubio said on Friday he had "positive and constructive" talks with Chinese Foreign Minister Wang Yi, as the two major powers vied to push their agendas in Asia at a time of tension over Washington'stariff offensive.

The top US diplomat was in Malaysia on his first Asia trip since taking office, seeking to stress the United States' commitment to the region at the East Asia Summit and ASEAN Regional Forum, where many countries were reeling from a raft of steep US tariffs announced by US President Donald Trump this week.

Rubio had his first in-person talks with the Chinese foreign minister, coming as Beijing has warned the United States against reinstating hefty levies on its goods next month and threatened retaliation against nations that strike deals with the US to cut China out of supply chains.

Wang has sharply criticised Washington during talks with Asian counterparts in Malaysia, calling the US tariffs "typical unilateral bullying behavior".

But both sides described the bilateral meeting as positive and constructive on Friday. And Rubio said the odds of Trump meeting Chinese President Xi Jinping were high.

"We're two big, powerful countries, and there are always going to be issues that we disagree on. I think there's some areas of potential cooperation and I thought it was a very constructive, positive meeting, and a lot of work to do," he told reporters.

Rubio emphasised that his sitdown with Wang was not a negotiation, but rather about establishing a constructive baseline to continue talks.

Asked about a possible Trump-Xi meeting, Rubio said both sides wanted to see it happen.

"We have to build the right atmosphere and build ... deliverables, so that a visit isn't just a visit, but it actually has some takeaways from it that are concrete. But there's a strong desire on both sides to do it."

China's foreign ministry said Wang had emphasised that both countries should translate consensus reached by their leaders into policies and actions,

"Both sides agreed that the meeting was positive, pragmatic and constructive," it said.

TRIP OVERSHADOWED BY TARIFFS

Rubio's visit is part of an effort to renew US focus on the Indo-Pacific region and look beyond conflicts in the Middle East and Europe that have consumed much of the administration's attention since Trump's return to office in January.

But that has been overshadowed by this week's announcement of steep US tariffs on imports from many Asian countries and US allies, including 25 per cent targeting Japan, South Korea and Malaysia, 32 per cent for Indonesia, 36 per cent for Thailand and Cambodia and 40 per cent on goods from Myanmar and Laos.

China, initially singled out with levies exceeding 100 per cent, has until August 12 to reach a deal with Washington to avoid Trump's reinstating additional import curbs imposed during tit-for-tat tariff exchanges in April and May.

Analysts said Rubio would use the trip to press the case that the United States remains a better partner than China, Washington's main strategic rival. Rubio met his counterparts from Thailand, Cambodia, Vietnam and Indonesia on Friday.

Wang has rebuked the United States in Kuala Lumpur, saying no country should support or agree with its tariffs, according to remarks released by Beijing on Friday.

He told Thailand's foreign minister the tariffs had been abused and "undermined the free trade system, and interfered with the stability of the global production and supply chain".

During a meeting with his Cambodian counterpart, Wang said the US levies were an attempt to deprive Southeast Asian countries of their legitimate right to development.

"We believe that Southeast Asian countries have the ability to cope with complex situations, adhere to principled positions, and safeguard their own interests," he said.

In a joint communique on Friday, ASEAN foreign ministers expressed concern over rising global trade tensions and the need to diversify trade, calling for a transparent and fair multilateral trading system.

Without mentioning the United States, they said unilateral tariffs were "counterproductive and risk exacerbating global economic fragmentation".

INDISPENSABLE PARTNERSHIP

Rubio also met Russia's Sergei Lavrov on Thursday and said he and Lavrov had shared some ideas on a new or different Russian approach on Ukraine.

"I don't want to oversell it, okay, but it was constructive," he said on Friday. "We'll find out, but there are some things that we will potentially explore, and I relayed that to the president and our team last night."

Rubio also met Japan's foreign minister and South Korea's first vice foreign minister in Malaysia on Friday to discuss regional security and a strengthening of their "indispensable trilateral partnership", a US State Department said in a statement.

Asked about Japanese Prime Minister Shigeru Ishiba's remarks on Thursday that Tokyo needs to wean itself off of its dependence on Washington, Rubio said it was not a comment to be viewed negatively.​

"We obviously have very strong commitments and an alliance with Japan. We continue to cooperate very closely with them," he said.