When Donald Trump unveiled his “liberation day” tariffs in the spring, only to pull the plug days later as panic tore through global markets, his officials scrambled to present the climbdown as temporary. Three months of frenetic talks would enable the Trump administration to strike dozens of trade agreements with countries across the world, they claimed. “We’re going to run,” the White House trade adviser Peter Navarro told Fox Business Network. “Ninety deals in 90 days is possible.” The 90-day pause Trump ordered on his steep tariffs is almost up,…
Tag: Donald Trump
Albanese heads to China as Trump upends the global order. The PM may wish he lived in less interesting times | Tom McIlroy
Anthony Albanese watched on from the opposition benches when Xi Jinping addressed a joint sitting of federal parliament back in 2014. In Australia for the G20 summit, and hosted by Tony Abbott, China’s president told MPs he had visited the country five times over 30 years, spending time in every state and territory. Xi said the friendship between Australia and China would be as “strong and everlasting” as Uluru and the Great Wall of China. As he prepares to meet Xi later this month, Albanese may be forgiven for wishing…
Former UK civil service chief calls Xi Jinping a ‘dictator’ over plans to reunify Taiwan
The former head of the UK’s civil service has described the Chinese leader Xi Jinping as a “dictator” and said Donald Trump had put “helpful pressure” on Europe to increase defence spending. Simon Case, who served as the cabinet secretary until December, when he stepped down on health grounds, said China had sent a clear message to “prepare for serious conflict” in Taiwan. The UK has committed to spend the equivalent of 2.6% of GDP in 2027, and it and other Nato members have signed up to increasing spending to…
‘A billion people backing you’: China transfixed as Musk turns against Trump
Few break-ups have as many gossiping observers as the fallout between the once inseparable Donald Trump and Elon Musk. The ill-fated bromance between the US president and the world’s richest man, which once raised questions about American oligarchy, is now being pored over by social media users in China, many of whom are Team Musk. The latest drama comes from Musk’s pledge to found a new political party, the America party, if Trump’s sweeping tax and spending bill, which Musk described as “insane” passed the Senate this week (it did).…
The Guardian view on Donald Trump’s China deal: rare earths pave the green road to militarisation | Editorial
It’s an irony that the minerals needed to save the planet may help destroy it. Rare earth elements, the mineral backbones of wind turbines and electric vehicles, are now the prize in a geopolitical arms race. The trade agreement between Washington and Beijing restores rare earth shipments from China to the US, which had been suspended in retaliation against Donald Trump’s tariffs. Behind the bluster, there has been a realisation in Washington that these are critical inputs for the US. They are needed not just by American icons such as Ford…
US attacks on Iran redraw calculus of use of force for allies and rivals around globe
For US allies and rivals around the world, Donald Trump’s strikes on Iran have redrawn the calculus of the White House’s readiness to use force in the kind of direct interventions that the president said he would make a thing of the past under his isolationist “America First” foreign policy. From Russia and China to Europe and across the global south, the president’s decision to launch the largest strategic bombing strike in US history indicates a White House that is ready to employ force abroad – but reluctantly and under…
Nike says Trump tariff war could cost it $1bn
Nike expects costs to increase by about $1bn (£728m) as a result of Donald Trump’s tariff war, as the sportswear company looks to significantly reduce its manufacturing in China. The market value of the company has plummeted by a third over the past year and it is taking action to reduce the hit, including price increases in the US and sourcing from other countries. “These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, its chief financial officer. “With the new tariff rates in place today, we estimate…
US state department told to terminate nearly all its overseas pro-democracy programs
The US state department has been advised to terminate grants to nearly all remaining programs awarded under the Bureau of Democracy, Human Rights, and Labor (DRL), which would effectively end the department’s role in funding pro-democracy programming in some of the world’s most hostile totalitarian nations. The review could affect nearly $1.3bn in grants, three state department officials told the Guardian, citing briefings on the results of a Foreign Assistance Review produced by the Office of Management and Budget (OMB). Of 391 active grants, only two were not recommended to…
Majority of Australians think China will be world’s most powerful country by 2035, poll finds
A majority of Australians expect China will be the most powerful country in the world by 2035 as trust in the US tumbles, new research has found. Just over one in three Australians (36%) trusted the US to act responsibly on the world stage, representing a 20-point fall from 2024 and the smallest proportion since the Lowy Institute began polling in 2005. The thinktank’s 2025 report found only one in four respondents had any confidence in president Donald Trump’s approach to world affairs – less than half of the 46%…
Tariff dodgers take big risks to cut small corners | Gene Marks
If you put up a barrier, people will find a way around it. So its not shocking to read recent news stories about how some businesses are trying to skirt around tariffs – particularly from China. They’re shipping goods through third countries, rather than directly from China, using special “shoppers” to skirt minimum quantity amounts, colluding with suppliers to falsify country-of-origin labels, undervaluing goods, or “assembling” products out of China where tariffs are lower. They’re creating shell companies in more tariff-friendly countries and even going so far as forging certificates…