65 h. ago Questions loom at Brics Rio summit about group’s effectiveness

Brics country leaders are meeting for the bloc’s annual summit in Rio de Janeiro this week, as questions loom about the group’s effectiveness as a voice of the Global South and counterweight to the Washington-led coalition of developed economies. Against the backdrop of relentless tension that US President Donald Trump has injected into America’s trade policy, this year’s gathering on July 6 and 7 will test whether the bloc can present a unified front capable of countering Trump’s efforts to...

Politics

3 d. ago Why Japan plans to spend billions fixing up its shipyards – and US warships

Japan is drawing up plans to build and upgrade shipyards that could support the repair of US Navy vessels, in a strategic move seen as both an economic security measure and a bargaining chip in fraught trade and defence burden-sharing talks with US President Donald Trump’s administration. The proposal, expected to be finalised in the autumn, includes a government-backed “national dockyard” initiative under which Tokyo would finance the restoration or construction of facilities before handing...

Economics

5 d. ago ‘Risky choice’: why Canada’s tough stance towards US and China may backfire

The Canadian government appears to be caught between “a rock and a hard place” after trying to introduce tough measures targeting both American and Chinese companies last week, analysts said. Ottawa raised eyebrows by ordering a high-profile Chinese company to cease operations in the country due to national security concerns on Friday – the same day that US President Donald Trump announced he was breaking off trade negotiations with Canada over its proposed digital services tax. But Canada has...

Events

6 d. ago After Nato chaos, ‘irrelevant’ Europe shambles towards China summit

For months since the return of US President Donald Trump, there has been a roaring trade in papers and speeches about how to make Europe a truly independent geopolitical player. The term “strategic autonomy”, championed by the French government during Trump’s first term, is back in vogue. But the independence movement was on the ropes this week, when a series of summits thrust Europe’s weakness on global affairs into the spotlight ahead of a bout of engagement with China. On Monday, a meeting of...

Events

8 d. ago Trump says US signed agreement with China; White House clarifies

The United States and China reached a “framework” agreement aimed at implementing a deal based on trade talks that started in Geneva, Switzerland last month, the White House said. The clarification came shortly after US President Donald Trump said that the US had signed a trade agreement with Beijing a day earlier, offering no further details. “Everybody, everybody wants to make a deal and have a part of it, right? I know [US Trade Representative Jamieson Greer] and [Commerce Secretary] Howard...

Politics

8 d. ago Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report

General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on Chinese imports, according to a research report published this week. But GM is hardly alone. Elon Musk’s electric vehicle company Tesla, rival carmaker Ford, engine manufacturer Cummins, aerospace and tech firm Honeywell, beverage giant Coca-Cola, and chipmaker Qualcomm also...

Politics

2 w. ago EU chief agrees with Trump on China trade issues, declares ‘Donald is right’

EU chief agrees with Trump on China trade issues, declares ‘Donald is right’  Fox News

Politics

3 w. ago China delays approval of $35bn US chip merger amid Donald Trump’s trade war

China delays approval of $35bn US chip merger amid Donald Trump’s trade war  Financial Times

Politics

3 w. ago Donald Trump's BIG announcement on trade deal with China, Beijing to supply THESE rare...

Donald Trump's BIG announcement on trade deal with China, Beijing to supply THESE rare...  DNA India

Politics

3 w. ago Rare Earths For Student Visas: Donald Trump Says US Has Finalised Trade Deal With China

Rare Earths For Student Visas: Donald Trump Says US Has Finalised Trade Deal With China  News18

Politics

3 w. ago Elon Musk's apology to Donald Trump is making investors happier than the U.S. China trade framework is

Elon Musk's apology to Donald Trump is making investors happier than the U.S. China trade framework is  Fortune

Economics

4 w. ago EU pushes for ‘independence’ from China and US – but can it achieve it?

For more than four months, Europe has been one of US President Donald Trump’s favourite punchbags, absorbing bruising blows on trade, security and social issues. Over the same period, the European Union has held out an olive branch to Beijing, seeking concessions on economic matters in exchange for better political ties. The consensus now in Brussels is that China has chosen not to grab it. Sandwiched between two uncompromising superpowers, a growing number of European leaders are pushing for...

Politics

4 w. ago EU pushes for ‘independence’ from China and US – but can it get there?

For more than four months, Europe has been one of US President Donald Trump’s favourite punchbags, absorbing bruising blows on trade, security and social issues. Over the same period, the European Union has held out an olive branch to Beijing, seeking concessions on economic matters in exchange for better political ties. The consensus now in Brussels is that China has chosen not to grab it. Sandwiched between two uncompromising superpowers, a growing number of European leaders are pushing for...

Politics

last month Donald Trump and Xi Jinping agree to launch new round of trade talks

Donald Trump and Xi Jinping agree to launch new round of trade talks  Financial Times

Politics