US president says Chinese counterpart told him ‘I am very patient and China is very patient’ The US president, Donald Trump, has said that his Chinese counterpart, Xi Jinping, told him China would not invade Taiwan while Trump is in office. Trump made the comments in an interview with Fox News on Friday, ahead of talks with the Russian president, Vladimir Putin, over Moscow’s invasion of Ukraine. Continue reading… The Guardian
Tag: US news
US warships patrol South China Sea after two Chinese ships collide
The US has briefly deployed two warships in a disputed South China Sea shoal where two Chinese ships collided earlier in the week while trying to drive away a smaller Philippine ship in a high-seas accident that raised alarms about maritime safety. Both China and the Philippines claim Scarborough Shoal and other outcroppings in the South China Sea. Vietnam, Malaysia, Brunei and Taiwan also lay overlapping claims in the contested waters. The USS Higgins, a guided missile destroyer, and USS Cincinnati, a littoral combat ship, were shadowed by a Chinese…
A China-led global system alongside that of the US is Xi Jinping’s ultimate aim | Letters
For over a decade, China has been building an alternative to the US-led order, notes Andrew J Sinclair I enjoyed reading George Magnus’s article (Why Peak China may finally have arrived, 11 August). However, focusing on peak economic growth misses the bigger picture and underestimates China in ways that could weaken western policy responses. China’s central goal is national power, and we are far from its peak national power. The Chinese economic miracle has taken place under the US-led global system. China built factories along its coast, filled container ships,…
The $10,000 job search: why people are paying a small fortune to find work
In the US, it takes an average of 24 weeks to secure new employment. Enter a legion of expensive career strategists, networking sites and AI interview training … Name: The $10,000 job search. Age: Depressingly modern. Continue reading… The Guardian
US-China trade truce deadline looms threatening escalation of economic tensions
A trade truce between the US and China was set to expire on Tuesday, threatening an escalation of economic tensions between the world’s two largest economies. Chinese officials said they hoped the United States would strive for “positive” trade outcomes on Monday, as the 90-day detente reached between the two countries last month was due to expire. “We hope that the US will work with China to follow the important consensus reached during the phone call between the two heads of state … and strive for positive outcomes on the…
Nvidia and AMD agree to pay 15% of China chip export revenues to US
The chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market. The unprecedented move, an apparent reversal of US national security restrictions on the chip sales, signalled an easing in the US-China trade war. Donald Trump has weaponised trade restrictions and tariffs to bring business to US shores. However, the quid pro quo arrangement, first reported by the Financial Times, is potentially unconstitutional. The arrangement will lead to Nvidia giving…
Panama files lawsuits against owner of ports at centre of US-China struggle
Panama’s comptroller general has lodged two cases with the country’s supreme court against the owners of two ports at the centre of a geopolitical struggle between the US and China, in a move likely to be seen as a victory for Donald Trump in his attempt to rid the Panama canal of Chinese influence. The decision follows a failed attempt to sell the ports to a consortium headed by the US investment fund BlackRock and Swiss shipping firm MSC. The two ports, at each end of the Panama Canal, were…
The Guardian view on Trump’s tariffs: both a political and an economic threat | Editorial
Donald Trump’s 1 August tariffs deadline did what it was always intended to do. It kept the markets and the nations guessing amid last-minute uncertainty. It attempted to reassert the global heft of the United States economy to take on and master all comers. And it placed President Trump at the centre of the media story, where he always insists on being. In the event, there were some last-minute agreements struck this week, few of them fair or rational in trade terms, most of them motivated by the desire to…
Countries failing to act on UN climate pledge to triple renewables, thinktank finds
Most global governments have failed to act on the 2023 UN pledge to triple the world’s renewable energy capacity by the end of the decade, according to climate analysts. The failure to act means that on current forecasts the world will fall far short of its clean energy goals, leading to a continued reliance on fossil fuels that is incompatible with the target of limiting global heating to below 1.5C. A report by the climate thinktank Ember found that only 22 countries, most within the EU, have increased their renewable…
White House to end US tariff exemption for all low-value overseas packages
The United States is suspending a “de minimis” exemption that allowed low-value commercial shipments to be shipped to the United States without facing tariffs, the White House said on Wednesday. Under an executive order signed by Donald Trump on Wednesday, packages valued at or under $800 sent to the US outside of the international postal network will now face “all applicable duties” starting on 29 August, the White House said. The US president earlier targeted packages from China and Hong Kong, and the White House said the recently signed tax…