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Beef, but make it British

Beef, but make it British

The Star11 hours ago

Rollins (right) speaking as Trump announced a trade agreement with Britain, at the White House in Washington. — Eric Lee/The New York Times
JUST a few days after the United States and Britain announced to much fanfare that they had agreed to lower some tariffs and create a US$5bil export opportunity for American beef, ethanol and other ­agricultural products in Britain, US Secretary of Agriculture Brooke Rollins touched down in London.
She came with a clear message for her British counterparts: the agreement was just the first step.
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China urges US to ‘look at the whole picture' on tariffs to see true trade ties
China urges US to ‘look at the whole picture' on tariffs to see true trade ties

The Star

time37 minutes ago

  • The Star

China urges US to ‘look at the whole picture' on tariffs to see true trade ties

The envoys of the world's two leading powers painted starkly different pictures of US-China ties, each offering a competing assessment of the state of their economic relations – as a recently agreed framework to ease trade tensions hung in limbo. Speaking at the US-China Business Council in Washington on Wednesday, Chinese ambassador Xie Feng called the trade relationship 'generally balanced' and tariffs on Chinese imports 'still unreasonably high', warning that the US goods deficit would not shrink while export controls, visa denials, and barriers to Chinese firms persist. 'We are willing to buy more from America,' Xie said, adding that 'unfortunately' the US had imposed 'strict restrictions on the exports of its most competitive products, such as semiconductors, and shut the door on Chinese enterprises, buyers, tourists and students who want to invest and spend in the US'. 'If one is reluctant to sell others what they want, how can it ever get its deficit reduced by exporting only products like soybeans and beef?' Since 2022, the US has steadily tightened restrictions on China's access to American technology over concerns it could fuel military advancements. These curbs intensified under US President Donald Trump's second term. However, earlier this month, the US agreed to ease some restrictions and allow Chinese students unhindered access to American universities in exchange for increased exports of critical minerals from China. Talks between the two sides in London produced a framework to implement the trade consensus reached in May in Geneva regarding Trump's new tariffs on Chinese imports – now reduced from 125 per cent to 55 per cent. Xie said the current US tariffs on China were 'still unreasonably high, will severely constrain and undercut bilateral trade and should be removed completely'. He added that it was 'unrealistic to try to block the flow of capital, technology and talents in a globalised world, if any country builds up barriers, these resources will naturally flow elsewhere'. Since June last year, the China-US trade has dropped by 8 per cent, while China's trade with the Association of Southeast Asian Nations and EU countries grew by 9 per cent and 3 per cent, respectively compared to the same period last year. Meanwhile, David Perdue, America's newly posted ambassador to Beijing, said that trade should be a means by which sovereign nations provide benefits to their citizens, 'not an ideological goal to be pursued in favour of transforming the world'. He added that Trump's vision was to have a trading relationship with China based on reciprocity, fairness and respect, 'one of which the United States puts the American people first, just as China does for its own people'. 'Our mission in China is to do everything we can to make that vision happen and to make America safer, stronger and more prosperous,' Perdue emphasised, blaming unfettered globalisation for making US business 'overly dependent' on China for components, inputs, intermediate goods and even entire supply chains. 'Our economy cannot be so dependent on foreign supply chains that can be severed at any moment,' he said. Addressing US businesses' concerns about losing the Chinese market due to strained bilateral relations, Perdue said that the administration understands the 'risk of change' and 'we will be there to support you and protect you from unfair practices'. However, Xie urged the US to 'look at the whole picture' to see that 'the benefits our two countries have taken from bilateral trade are generally balanced'. 'Any selective reading of the statistics would be misleading,' he added. Xie said that focusing only on goods trade overlooked the US surplus in services, American firms' strong revenues in China, the heavy environmental and resource costs China has borne, and the fact that the 'Chinese people have chosen to spend much of the trade gains buying a large amount of US Treasury bonds'. After Japan and Britain, China is the third-largest holder of US Treasuries – government debt securities used to finance federal spending. In December last year, China's holdings fell to US$759 billion, the lowest level since February 2009, when they stood at US$744.2 billion. By March, China had slightly reduced its holdings again, to US$765.4 billion. The senior officials' remarks came weeks after the latest US-China trade talks in London. The meeting was believed to focus on semiconductors and critical minerals, areas in which Washington and Beijing hold significant leverage over each other, respectively. Yet neither Beijing nor Washington has released an official readout of the dialogue since the negotiations ended, hinting at considerable uncertainty. Delegations from both sides said the trade agreement would require approval from their leaders, US President Donald Trump and Chinese President Xi Jinping. Shortly after the negotiations, Trump on social media said a deal with Beijing was 'done', adding that China would supply full magnets and any necessary rare earths 'up front'. Beijing has yet to issue a comprehensive response regarding its take on the talks, nor has Xi commented on them publicly. Meanwhile, US investor sentiment towards China has declined sharply. According to a survey last month by the China General Chamber of Commerce-USA, nearly half of the more than 100 Chinese companies who responded said they planned to reduce their investment in the US. The shift was also evident last month at the Commerce Department-backed SelectUSA Investment Summit, where only about 50 Chinese delegates attended, down from roughly 180 in 2018. Xie's remarks also came against the backdrop of escalating tensions between Israel and Iran. The Jewish state last week launched air strikes on the Islamic Republic, targeting Iranian nuclear facilities amid ongoing nuclear talks between Washington and Tehran. Israel's strikes have led to the deaths of multiple Iranian army heads and nuclear professionals. In retaliation, Iran carried out air strikes against Israel, causing casualties in Tel Aviv. Trump has issued ambiguous messages about whether the US would join Israel in striking Iran, a prospect that has stirred divisions in Washington and among his own supporters. On social media, Trump claimed the US knew the exact location of Iranian Supreme Leader Ali Khamenei, hinting at a possible assassination and calling on Tehran to surrender unconditionally. Tehran responded that it would not surrender. In China, Xi affirmed Beijing's willingness to mediate the crisis in a development anticipated by many as the country seeks greater visibility and sway in the Middle East. Foreign Minister Wang Yi has reached out to regional stakeholders, including his counterparts in Israel, Iran, Egypt and Oman. Wang has called for peace and condemned Israel's attacks. -- SOUTH CHINA MORNING POST

Trump says US 'obliterates' Iran nuclear sites, Tehran reserves 'all options' to defend itself
Trump says US 'obliterates' Iran nuclear sites, Tehran reserves 'all options' to defend itself

The Star

timean hour ago

  • The Star

Trump says US 'obliterates' Iran nuclear sites, Tehran reserves 'all options' to defend itself

ISTANBUL/WASHINGTON/JERUSALEM (Reuters): US President Donald Trump said he had "obliterated" Iran's main nuclear sites in strikes overnight, joining an Israeli assault in a major new escalation of conflict in the Middle East as Tehran vowed to defend itself. Trump, in a televised address to the US people, called the strikes a "spectacular military success" and warned Tehran against retaliation, saying it would face more devastating attacks if it did not agree to peace. Iran, which has responded to Israel's sudden blitz on its nuclear and military apparatus since June 13 with missile fire on Israeli cities, called the US attack a grave violation of international law that would have "everlasting consequences". "Iran reserves all options to defend its sovereignty, interest and people," wrote Foreign Minister Abbas Araqchi in a social media post, noting that the Israeli and US attacks on Iran came despite ongoing talks between Washington and Tehran. The US strikes, with bunker-buster bombs and Tomahawk missiles, pushes the Middle East to the brink of a major new conflagration in a region already aflame for more than 20 months with wars in Gaza and Lebanon and a toppled dictator in Syria. The Islamic Republic has been a sworn enemy of both Israel and the United States since its 1979 revolution, and the eruption of open warfare after decades of proxy shadow-fighting could have vast unforeseen consequences. While Western hawks have long hoped military action against Iran's clerical rulers would spark an internal revolt and regime change, opponents of the idea fear it could instead push Iran to accelerate its atomic programme or trigger chaos and bloodshed that could spill well beyond its borders. CBS News reported that Washington had contacted Tehran to say it did not aim for regime change. However, Trump said Iran's future held "either peace of tragedy" and "if peace does not come quickly we will go after those other targets". Israeli Prime Minister Benjamin Netanyahu congratulated Trump on a "bold decision". Iranian missile fire on Israel appeared heavier overnight, witnesses in the country said, with the health ministry reporting 86 people injured. Gulf Arab states, which have in recent years tried to cool long-time rivalries with Iran and fear their crucial energy exports could be targeted in any expanded conflict, expressed concern at the escalation. Iranians contacted by Reuters described their fear at the prospect of an enlarged war involving the United States. "Our future is dark. We have nowhere to go - it's like living in a horror movie," Bita, 36, a teacher from the central city of Kashan, said before the phone line was cut. Nuclear sites Trump's decision is the biggest foreign policy gamble of his two presidencies and he was flanked during the announcement by Vice President JD Vance, Defence Secretary Pete Hegseth and Secretary of State Marco Rubio. He said US bombing had taken out Iran's three principal nuclear sites: Natanz, Isfahan and Fordow, which are involved in production or storage of enriched uranium, a material used as fuel for power plants but also to make atomic warheads. Trump told Fox News that "bunker-buster" bombs were dropped on the deep-underground Fordow site, where it may be days before the impact of the attack is known, and Tomahawk missiles were fired against the other facilities. The UN nuclear watchdog said no increases in off-site radiation levels had been reported after the US strikes, and the agency's head Rafael Grossi said he was calling an emergency meeting of its 35-nation board of governors for Monday. A senior Iranian source told Reuters that most of the highly enriched uranium at Fordow had been moved elsewhere before the attack and the number of nuclear personnel there had been reduced to a minimum. Mohammad Manan Raisi, a member of parliament for Qom, near Fordow, told the semi-official Fars news agency the facility had not been seriously damaged, without elaborating. Iran's Atomic Energy Organisation said it would not allow the development of its "national industry' to be stopped. The head of the Iranian parliament's foreign policy committee said Tehran had a legal right to quit the nuclear Non-Proliferation Treaty, the document that allows it rights to a civilian atomic programme while barring it from seeking a bomb. Israeli cities Iran's elite Revolutionary Guards said they had fired 40 missiles at Israel overnight and, warning of more to come, added that they had not yet made the main part of their capabilities operational. Iran has repeatedly targeted Tel Aviv, the country's business and economic hub and home to a metropolitan population of 4 million, and several critical military sites. Air raid sirens sounded across most of Israel, sending millions of people to safe rooms and bomb shelters as explosions rang out and missile interceptions were seen above Jerusalem and in other parts of the country. Aviad Chernovsky, 40, emerged from a bomb shelter to find his house had been destroyed in a direct hit. "It's not easy to live now in Israel (right now), but we are very strong. We know that we will win,' he said. It was not immediately clear how many missiles had pierced Israel's air defence systems. Police confirmed at least three impact sites in residential areas of central and northern Israel. Israel's Health Ministry said 86 people were injured on Sunday morning, most of them lightly. Most airlines continued to avoid large parts of the Middle East after the US intervention in the conflict. Israel's Airport Authority said Israeli airspace would open for six hours on Sunday. Israel and Iran have been engaged in more than a week of aerial combat that has resulted in deaths and injuries in both countries. Israel launched its attacks on June 13, saying Iran was on the verge of developing nuclear weapons. Iran says its uranium enrichment programme is for peaceful purposes only. Israel is widely assumed to possess nuclear weapons, which it neither confirms nor denies. Diplomatic efforts by Western nations to defuse the hostilities have so far failed. UN Secretary-General Antonio Guterres called the US strikes a "dangerous escalation in a region already on the edge - and a direct threat to international peace and security." US ally Britain said the United States had taken action to alleviate the threat of Iran developing a nuclear weapon. It and Germany urged Iran to sit down for more negotiations on the future of its atomic programme. Iran's Araqchi accused the United States of blowing up the diplomatic process. In the United States, Democratic lawmakers and some from Trump's Republican Party have argued that he must receive permission from Congress before committing the US military to any combat against Iran. At least 430 people have been killed and 3,500 injured in Iran since Israel began its attacks, the Iranian state-run Nour News said, citing the health ministry. In Israel, 24 civilians have been killed and 1,272 people injured, according to local authorities.- Reuters

Bahrain, Kuwait prepare for possible Iran conflict spread
Bahrain, Kuwait prepare for possible Iran conflict spread

The Star

time2 hours ago

  • The Star

Bahrain, Kuwait prepare for possible Iran conflict spread

FILE PHOTO: A general downtown view is seen with heat haze over the skyline during the afternoon hours in Manama, Bahrain, August 2, 2023. REUTERS/Hamad I Mohammed/File Photo DUBAI (Reuters) -Bahrain and Kuwait, home to U.S. bases, made preparations on Sunday for the possibility the Iran conflict might spread to their territory, with Bahrain urging drivers to avoid main roads and Kuwait establishing shelters in a ministries complex after U.S. strikes on Iran's nuclear facilities. U.S. forces struck Iran's three main nuclear sites late on Saturday, and President Donald Trump warned Tehran it would face more devastating attacks if it does not agree to peace. Tehran had previously warned if it was attacked by the United States, it could target American assets in the region, including U.S. military bases. Bahrain is home to the headquarters of the U.S. Navy's 5th Fleet and there are several U.S. bases in Kuwait. "In light of recent developments in the regional security situation, we urge citizens and residents to use main roads only when necessary, to maintain public safety and to allow the relevant authorities to use the roads efficiently," Bahrain's interior ministry said in a post on X. Bahrain also told 70% of government employees to work from home on Sunday until further notice, citing escalating tensions, according the Civil Service Bureau. Kuwait set up shelters in the country's ministries complex, an extensive compound of buildings that houses several government departments, including the ministries of justice and finance, the finance ministry said. Bahraini authorities earlier this week said they had activated a national plan and a national civil emergency centre to prepare in case of emergencies and proceeded to test warning sirens across the country. Regional media also reported the country had set up 33 shelters. (Reporting by Menna Alaa El-Din and Ahmed Tolba in Cairo; Writing by Federico Maccioni in Dubai, Editing by Hugh Lawson, Andrew Mills and Clelia Oziel)

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