Donald Trump has asked the EU to impose tariffs of up to 100% on India and China as part of an effort to force the Russian president, Vladimir Putin, to end the war in Ukraine, according to reports. The US president made the demand during a meeting between US and EU officials discussing options to increase economic pressure on Russia on Tuesday, according to the Financial Times, BBC and Bloomberg, who cited multiple sources familiar with the discussions. One US official reportedly said that the Trump administration was “ready to…
Tag: US news
‘There is only one player’: why China is becoming a world leader in green energy
China’s vital statistics Chinese power took on an old-fashioned hue in the past week with a huge military parade, a gathering of former allies Russia and North Korea, and President Xi Jinping’s defiant vow not to be intimidated by bullies. Soldiers march during a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Tiananmen Square in Beijing, China. Photograph: Lintao Zhang/Getty Images That display reminded many of the cold war, but it captured only a fraction of China’s far greater modern…
Europe live: US treasury secretary indicates growing frustration with Putin over Ukraine
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Taiwan has ‘right to remain free’, US senator says in visit criticised by China
A visit to Taiwan by two US senators has drawn criticism from China, which claims the island as its own and objects to any contact between officials of the two sides. The chair of the Senate armed services committee, Roger Wicker, and the Nebraska senator Deb Fischer arrived in Taipei on Friday for a series of high-level meetings with senior Taiwanese leaders. They plan to discuss US-Taiwan relations, regional security and trade and investment, according to the American Institute in Taiwan, Washington’s de facto embassy in lieu of formal diplomatic…
Nvidia sets fresh sales record amid fears of an AI bubble and Trump’s trade wars
Nvidia is set to report its second-quarter earnings on Wednesday, in a first test of investor appetite since last week’s mass AI-stock selloff. All eyes will be on the chipmaker’s latest financials as the company sets the tone for the rest of the AI industry after a turbulent week in the sector. Several tech stocks saw shares tumble last week amid growing questions over whether AI-driven companies are being overvalued, including an MIT report that said 95% of AI pilots fail to grow company’s revenues and statements from the OpenAI…
‘Diplomatic knife fight’ over PNG enters new phase with deepening Australia defence deal
As Papua New Guinea prepares to mark 50 years as an independent nation next month, the country will sign a defence treaty with Australia, binding it closer again to its former colonial overseer. The treaty will allow Papua New Guinea nationals to gain Australian citizenship by serving in its defence forces, deepen defence cooperation, and give both countries’ militaries greater access to each other’s bases. “Our security and prosperity is entwined with their security and prosperity: this defence treaty will take that to an even higher level,” Australia’s minister for…
Trump says Xi told him China will not invade Taiwan while he is in office
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
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