The world is a more dangerous place. Global conflicts have doubled over the past five years, according to Armed Conflict Location and Event Data (Acled). In 2024 alone, one person in eight across the world was exposed to conflict: political violence increased by a quarter, by factors worse in countries that held elections. Australian political leaders of all stripes couch it in shared aphorism: the most “challenging strategic circumstances since WWII”. Violence, of course, never went away. It ebbed in some periods, but the myth of the triumph of liberal…
Tag: Trump administration
US treasury secretary says ‘there is a path’ with China over tariff negotiations
The US treasury secretary, Scott Bessent, said “there is a path” to an agreement with China over tariffs after he had interactions with his Chinese counterparts last week in Washington. “I had interaction with my Chinese counterparts, but it was more on the traditional things like financial stability, global economic early warnings,” Bessent told ABC News’s This Week on Sunday, explaining that he spoke to the Chinese during International Monetary Fund meetings in Washington. “I don’t know if President Trump has spoken with President Xi,” he added. On Friday, President…
Trump administration investigating California university over foreign gifts
The Trump administration launched an investigation into the University of California, Berkeley, on Friday centered on foreign funding, making it the latest university to be targeted by the federal government. The investigation revives criticism from several years ago about the university’s partnership with China’s Tsinghua University. It comes after Donald Trump earlier this week signed a series of executive orders focused on universities that he views as liberal adversaries to his political agenda. One order called for harder enforcement of Section 117, a federal law requiring colleges to disclose foreign…
Trump tells interviewer Crimea ‘will stay with Russia’ in any Ukraine peace deal – live
From 26m ago Trump: Crimea ‘will stay with Russia’ – report Donald Trump has said in an interview with Time magazine that Crimea “will stay with Russia” as part of peace negotiations with Ukraine. Trump accused Zelenskyy on Wednesday of prolonging the “killing field” by refusing to surrender the Russia-occupied Crimea peninsula as part of a possible deal. Russia illegally annexed that area in 2014. Zelenskyy has repeated many times during the war that recognizing occupied territory as Russian is a red line for his country. Share Updated at 07.40 EDT…
Apple ‘aims to source all US iPhones from India’, reducing reliance on China
Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war. The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported. Apple has been swept up in Trump’s aggressive tariff policies, with the iPhone maker at one point among the biggest stock market casualties because of the prospect of its Chinese-made products being hit with a hefty import…
US and China holding talks on trade war, Trump says after Beijing rebuttal
The US and China held talks on Thursday to help resolve the trade war between the world’s two largest economies, Donald Trump said. “We may reveal it later, but they had meetings this morning, and we’ve been meeting with China,” the US president told reporters at the White House. China had earlier hit back against Trump’s previous claim to be close to a trade deal with Beijing. Trump had buoyed markets by suggesting on Wednesday that the US was “actively” negotiating with Beijing, and pointing to hopes of a deal…
Starmer and Reeves try to ride three horses with US, EU and China trade ties
Riding two horses is hard enough, but diplomats are joking in private that Keir Starmer and Rachel Reeves are trying to ride three. At the International Monetary Fund summit in Washington this week, Reeves sought to position the UK as a beacon of free trade that is open to business with the EU, US and China. Riding those three horses is central to the government’s strategy for boosting growth and navigating the international stage at a time when old alliances are being upended and the post-cold war order redrawn. What…
Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge
Donald Trump has said tariffs on goods from China will be reduced “substantially” but “won’t be zero”, after US treasury secretary Scott Bessent said he expects a “de-escalation” in the trade war between the world’s two largest economies. Trump placed import taxes of 145% on China, which countered with 125% tariffs on US goods, causing volatility in the stock market and concern about slowing global economic growth. But the US president on Tuesday said he would be “very nice” to China and not play hardball with Chinese President Xi Jinping.…
Boeing investors brace for fallout from Trump tariffs
Investors in Boeing are braced to learn the full impact of Donald Trump’s trade war, amid fears the US planemaker could be hit harder than first expected after jets intended for a Chinese airline returned to the US. A Boeing 737 Max 8 plane intended for use by a Chinese airline returned to the US on Monday from Boeing’s China finishing centre, according to flight data cited by Reuters. It followed the arrival in the US on Sunday of another 737 Max painted in the livery of China’s Xiamen Airlines…
From peppercorns to plastic forks: US businesses that rely on Chinese products reel from Trump tariffs
Chang Chang, a Sichuan restaurant in Washington DC, was already noticing that some of its business had dropped off after tens of thousands of federal workers living in the area lost their jobs. But the recent tariff rate hikes mark an even greater blow for the restaurant. Sichuan peppercorns, which create the signature numbing spice of the regional Chinese cuisine, along with other ingredients, face an at least 145% tariff after last week’s tit-for-tat trade battle between China and the United States. The steep rate is an existential threat for…