
China is a superpower with potential impact on Russia: Polish president
Polish President Andrzej Duda tells CNA in an exclusive interview that China's superpower status enables it to be a stabilising factor in the Russia-Ukraine war.

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CNA
an hour ago
- CNA
Macron calls for Europe to ramp up investment in space
PARIS :French President Emmanuel Macron threw his weight behind plans for a unified European satellite manufacturing champion and called for accelerated deployment of satellites, as he set out a new space strategy at the Paris Airshow on Friday. Speaking after France moved to take control of satellite operator Eutelsat, Macron called for accelerated efforts across the board from launch to satellite manufacturing and Starlink-like services as he declared space the next "gauge of power".

Straits Times
3 hours ago
- Straits Times
Vietnam's top leader plans US trip as tariff deadline looms
Vietnam's Communist Party chief To Lam is expected to lead a delegation of officials and business executives. PHOTO: AFP HANOI – Vietnam's Communist Party chief To Lam is preparing to travel to the US in coming weeks as the two sides look to clinch a trade deal before US President Donald Trump's higher tariffs kick in, according to people familiar with the matter. Mr Lam aims to meet Mr Trump to help finalise an agreement, the people said, asking not to be identified as the trip isn't finalised yet. It's unclear what date the party chief will travel, although preparations are being made for him to be there in the next few weeks, they said. He is expected to lead a delegation of Vietnamese officials and business executives, they said, as the nation looks to seal more deals to buy additional American goods to reduce its trade surplus with the US. Ms Pham Thu Hang, a spokeswoman for Vietnam's Ministry of Foreign Affairs, said she hadn't received any information about the visit when asked about it at a regular press briefing on June 19. The White House declined to comment. Negotiators are close to a framework agreement under which Vietnam is pushing for tariffs in the range of 20 per cent to 25 per cent, Bloomberg News previously reported. The US is demanding stricter enforcement against the transshipment of Chinese products and the removal of non-tariff barriers. The two sides held more talks in a virtual meeting on June 19, attended by US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, Vietnam's trade ministry said in a statement. Trade Minister Nguyen Hong Dien told the officials Vietnam seeks 'to develop practical and harmonious' rules with the US to deter fraudulent exports. He also welcomed the proposals from Mr Lutnick and Mr Greer 'to advance the negotiation process,' according to the statement. Vietnam has engaged in weeks of intense trade diplomacy since Mr Trump imposed a so-called reciprocal tariff rate of 46 per cent on imports from the country. He then postponed the duties until July 9, temporarily setting a 10 per cent import tax on trading partners to allow time for talks. In recent weeks, top officials from Vietnam have gone to the US to rally support. The agriculture minister secured US$3 billion (S$3.85 billion) worth of provisional deals during a tour of US states. The trade minister met with executives from Nike Inc, Gap Inc and Walmart Inc to encourage key industry players to get behind negotiation efforts. Vietnam is a critical industrial base for these companies, which count on the nation's factories to manufacture goods ranging from T-shirts and jeans to basketball shoes. Brands raced to move manufacturing to Vietnam over the past decade as US-China tensions escalated, helping turn the country into one of the world's biggest production hubs. The South-east Asian nation's trade connections with China, its largest bilateral trade partner, have been a major sticking point in negotiations. During Mr Trump's economic battle with Beijing in his first term, the manufacturing shift to Vietnam helped build the kind of massive trade surplus that has drawn the ire of the US president. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.


CNA
4 hours ago
- CNA
EU bars Chinese firms from major state medical equipment contracts
BRUSSELS: The European Union on Friday (Jun 20) banned Chinese firms from government medical device purchases worth more than €5 million (US$5.8 million) in retaliation for limits Beijing places on access to its own market. The latest salvo in trade tensions between the 27-nation bloc and China covers a wide range of healthcare supplies, from surgical masks to X-ray machines, that represent a market worth €150 billion in the EU. "Our aim with these measures is to level the playing field for EU businesses," the bloc's trade commissioner Maros Sefcovic said. "We remain committed to dialogue with China to resolve these issues." In response, China accused the EU of "double standards". "The EU has always boasted that it is the most open market in the world, but in reality, it has gradually moved towards protectionism," foreign ministry spokesman Guo Jiakun said at a regular press briefing. "Under the guise of fair competition (the EU) actually carries out unfair competition, which is a typical case of double standards." The European Commission said in a statement the move was in "response to China's longstanding exclusion of EU-made medical devices from Chinese government contracts". Brussels said just under 90 per cent of public procurement contracts for medical devices in China "were subject to exclusionary and discriminatory measures" against EU firms. In addition to barring Chinese firms from major state purchases, "inputs from China for successful bids" would also be limited to 50 per cent, it said. Over the last three years, Brussels and Beijing have come into conflict in a number of economic sectors, including electric cars, the rail industry, solar panels and wind turbines. The decision on medical devices comes at a time of heightened trade tensions with President Donald Trump's United States, which has imposed customs surcharges on imports from all over the world, including Europe. The EU has decided to take a tougher stance on trade in recent years, adopting a vast arsenal of legislation to better defend its businesses against unfair competition. In April 2024, the commission opened an investigation into Chinese public contracts for medical devices, the first under a new mechanism introduced by the EU in 2022 to obtain better access to overseas state purchases. China, on the other hand, accuses Europe of protectionism. After a year of negotiations, the commission, which manages trade policy on behalf of the 27 member states, said it had failed to make any progress with China.