>>43922 Wrong. People want to settle down and live locally. You, jews, are the ones who want constant mobility. And we will kill you all, so there is no problem for us. Long ago in a distant chan. The whole world IS ALREADY UNITING TO GENOCIDE jews. We will settle down. We will slow down. We will stagnate (which IS a good thing), and we will live a happy and quite long life. Everything you jews hate, we will do with pleasure, while killing you all.

>>26135 >lost 2 of their last wars, against farmers and shepherds >greatest army not sure about that. Its overestimated at best, their tech didn't do much in the current Ukraine-Russian War

>>43940 The "tech" is arguably what lost the NATO war against Russia in the Ukraine. NATO has like 7 times the population and 50 times the GDP of Russia, yet it produces 4 times fewer weapons than Russia (according to NATO sec gen Mark Rutte)

Joint Statement Between China and the USA

>BREAKING: The US to cut tariffs on Chinese goods to 30% from 145% for 90 days >BREAKING: China to lower tariffs on US goods to 10% from 125% for 90 days >United Secretary of Treasury Bessent says US nor China want to decouple

>US-China trade deal does not cover "De minimis" exemptions for e-commerce firms, per Bloomberg >CHINA'S RARE EARTH EXPORTS RESTRICTIONS CONTINUE: YUYUANTANTIAN, A WEIBO ACCOUNT WITH STATE TIES

>>43993 >>43994 >>43995 Could you please provide some fucking links?

"Tariffs are going to bring manufacturing back to America" This fuckin orange disappointment. No annexnng Canada or Greenland, Stopped jeets and paks from wiping each other out, didn't ban tiktok, still no war against the cartels, woke shit still everywhere, still stuck doing never ending nuclear deal meetings with Iran every fucking Saturday despite saying they have a "1 month date to agree to our terms" and still failed to end the Ukraine-Russia war. This is shittier than his first term.

>Trump capitulated Xi won again

BREAKING: Trump TOTAL CAPITULATION On China Trade War imagine being Chinese statesman and you must keep a trillion dollars budget to cope with retarded american shimp outs whole time.. https://archive.today/https://Webm or use redirect.invidious.io/watch?v=rQwjsvlj7qM

>>44006 >>44007 >Trump TOTAL CAPITULATION >>43994 <tariffs on Chinese goods to 30% from 145% for 90 days <tariffs on US goods to 10% from 125% for 90 days >>43995 <trade deal does not cover "De minimis" exemptions for e-commerce firms <RARE EARTH EXPORTS RESTRICTIONS CONTINUE How?

>>43993 >Cucked to Chyna >Only trade deal is with Queer Starmer, who sent hundreds of staffers to the US to campaign for Kamala Orange nigger bros, did we get what we voted for?

>>44007 Trump's and the retarded buffoons that support him have been acting and pretending like he's been playing some 5D chess and is in actual control of the situation for at least a decade, but its just the government's way to cope with the losses and unstable western hegemony under the US police State, this includes both the Left and Right which share the same goals as puppets of the Deep State. The fact that neocon politics and politicians have been trying to co-op nationalist groups and resurrect a halfassed national sense of community all throughout the west, as well as throwing DEIshit out the window after 2 decades of unstopped pozz from both the Left and Right proves how badly they want to go back in time to the Bush era, because they are unable to pull off a Nixonian government without the industry. In the other hand, the current american military complex has been the most overrated garbage we've seen in a while and as new tech and the war in Ukraine has shown, there is clearly a shift in what's needed to effectively bare teeth at their enemies as both America's biggest enemies have gotten too comfortable with causing shitflings around the globe. Another proof is how hard they've desperately tried to sour Russia-China's relationship, there's clearly something they are afraid of and its not looking good for them. If the late assertion is right, then Trump should be the first of the two last mandates in which they decide whether they go all in or pretty much admit not-so-publicly a defeat. There is a chance their next ziocuck mandate will be someone with attitude and young, as their latest army groomer campaigns have been a complete disaster. If everything falls in line with their defeat however, it will be a slow grueling spiral in which the Left/Right and their retarded partisans will blame each other on who did the most damage. The US will push social agendas to a newer limit just as its done so far, in which they'll try to keep order and a state of hyper vigilance over the people and the social unrest that will ensue.

>>44014 How about you include a fucking archive FIRST, and then we'll talk?

>>43993 No archives = fake news.

>>44007 The tariffs are great. Obey America or go bankrupt. The market must attend to the needs of America only. Not other countries.

>Inflation eased to 4-year low in April as Trump's tariffs took effect, CPI report shows archive.ph/AjTDJ <Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy. <Overall consumer prices increased 2.3% from a year earlier, down from 2.4% rise the previous month, according to the Labor Department’s consumer price index, a measure of average changes in goods and services costs. <That’s the lowest annual increase since February 2021 but still leaves inflation moderately above the Federal Reserve’s 2% goal. <On a monthly basis, costs rose 0.2% after dipping 0.1% in March. <Prices for groceries, including eggs, used cars and airfares all fell sharply, while medical services and auto insurance and repairs continued to drift higher. >Moratorium between China and the US ends trade war but fails to address underlying issues archive.ph/OU9Nr <Trump has suggested that he might soon hold talks with his Chinese counterpart, Xi Jinping. After a phone call on January 17, three days before the Republican's inauguration, China avoided organizing another exchange between the two leaders. Beijing did not want to give Trump satisfaction and feared an improvised encounter with an uncontrolled message. But now, Xi would benefit from taking a call from the American president to continue easing tensions and fostering friendship. <Fundamentally, the issues to be resolved are considerable, even excluding the geostrategic conflict over Taiwan. The two countries must agree on the level of tariffs; on voluntary Chinese purchases of American products, particularly agricultural ones, to reduce the bilateral trade deficit; on China's subsidies to its industry; on American access to the Chinese market; and on currency manipulation. <In addition to these major topics, security considerations come into play. Americans no longer want to depend on Chinese rare earths, but Beijing also has demands: Chinese companies are currently barred from acquiring American ones. Washington is divided on China's access to strategic technologies, particularly microprocessors. <One camp supports strict restrictions on sensitive products – "small yard, high fence" approach, as Jack Sullivan, Joe Biden's national security adviser, said in October 2022. While another camp, which includes Trump, wants to liberalize microprocessor exports. Added to this is the highly symbolic battle over TikTok, which Trump does not want to end but which must, according to a law passed by Congress, come under American ownership. >Trump’s tariffs: Average American household faces $2,200 price hike, report says archive.ph/cUm3o <According to new research published by the Budget Lab at Yale University, President Donald Trump's tariffs will raise prices by almost 2% in the short run, costing the typical middle-class household more than $2,200 per year. <That estimate is down from the group's mid-April estimate of around $3,400 a year. <The updated estimates come after the Trump administration announced it would lower tariffs on goods imported from China from 145% to 30% for 90 days. The estimates also reflect a new trade deal the United States reached with the United Kingdom, which will most heavily impact the import of British automobiles and parts. >Lula and Xi to ink new deals as Brazil shrugs off Trump’s trade threats archive.ph/E4el7 <Brazil’s Luiz Inácio Lula da Silva insists he doesn’t want to pick between the US and China as his two largest trading partners wage a trade war. But it’s increasingly clear which side he’d choose if forced. <Lula and China’s Xi Jinping are set to ink new trade-related agreements in Beijing on Tuesday, with eyes on opening new markets for Brazilian agricultural goods and expanding Chinese investments into infrastructure projects meant to speed up the delivery of those products across the Pacific. >China Reverses Ban On Boeing Jet Deliveries After Trade Breakthrough With US archive.ph/i8zEs <China lifted a month-long ban on Boeing jet deliveries for all domestic carriers just one day after a breakthrough in U.S.-China trade talks, Bloomberg reports, citing people familiar with the matter. <Chinese officials instructed domestic carriers and government agencies at the start of the week that deliveries of US-made jets were allowed to resume. This decision coincides with a 90-day tariff truce, during which the U.S. slashed tariffs on Chinese imports from 145% to 30%, and China cut import duties on US goods from 125% to 10%. >China offers Latin America and the Caribbean billions in bid to rival US influence archive.ph/JOy4v <President Xi Jinping vowed on Tuesday to boost China's footprint in Latin America and the Caribbean with a new $9 billion credit line and fresh infrastructure investment, although Brazil warned the region not to become overly reliant on foreign funding. <The world's second-largest economy will disburse 66 billion yuan ($9.18 billion) in credit to the Community of Latin American and Caribbean States' (CELAC) members, Xi told delegates from around 30 nations gathered in Beijing for the three-yearly China-CELAC Forum Ministerial Meeting. <"China and the countries of Latin America and the Caribbean are important members of the Global South. Independence is our glorious tradition, development and revitalisation our natural right, and fairness and justice our common pursuit," Xi said. >Japan Govt Fears U.S.-China Talks May Sideline Japan-U.S. Negotiations; Agreement Welcomed, Details to Be Analyzed archive.ph/ItaZs <Japan and the United States are aiming for a June agreement through intensive ministerial talks to be held as early as this month. But there are concerns that Washington will prioritize negotiations with Beijing, sidelining Tokyo. <“We’re analyzing the details [of the U.S.-China deal],” Prime Minister Shigeru Ishiba told reporters at the Prime Minister’s Office on Monday. <The easing of the U.S.-China clash has been welcomed within the government, as there had been concerns that the intensifying trade friction between the United States and China would have a negative impact on the global economy. <Since many Japanese companies export to the United States via China, a senior Japanese Foreign Ministry official had said, “It would also be bad for Japanese companies if the United States and China impose high tariffs on each other without grounds,” expressing hope for the end of the retaliatory tariff battle between the two countries. <However, the impact of the U.S.-China agreement on Japan-U.S. negotiations is expected to be limited. According to a senior government official, the United States has stated that the U.S.-China agreement will not set a precedent for other countries. <One government official familiar with the issue pointed out, “China, which has been fighting with the U.S. through raising tariffs on each other, and Japan, which is aiming for a win-win agreement, are in different positions.” <China is seen as the biggest target of the U.S. administration’s tariff measures. The senior government official voiced concern that, if the U.S.-China talks make progress, “The U.S. side may place Japan lower in its order of priorities.” >Trump focuses on economic diplomacy on his Middle East tour

[Expand Post]

archive.ph/fznKo <Make deals, not war. This phrase encapsulates the ambition Donald Trump had for his first overseas tour since his inauguration in January. <The United States president, who dreams that he is both a peacemaker and an investment magnet, boarded Air Force One on Monday, May 12, heading for the Middle East. He is due to visit Saudi Arabia, Qatar and the United Arab Emirates (UAE). Amid a striking blend of economic promises, security issues and family interests, Trump will speak a language he knows well: that of transactions. Each of these countries has pledged to invest hundreds of billions of dollars in the US – substantial figures, which will need to be verified as real over the years to come. >Chinese exporters to US tread warily as tariff uncertainties linger archive.ph/zVR95 <While Ms Deng celebrated the reprieve with bubbles, she worries about what might happen after 90 days, and has sent her 20-year-old daughter to the US to help scout for a warehouse there to mitigate risks and guard against any further fallout from tariffs. <“My biggest worry is Mr Trump will forget tomorrow what he said today,” said Ms Deng, manager of Lucky Bird Trade, based in the export manufacturing hub of Yiwu, the world’s largest wholesale hub for small manufactured items, referring to US President Donald Trump. <Chinese factories are heavily dependent on the US market, but manufacturers in China have buckled up, uncertain on how to navigate an increasingly unpredictable trade war that has threatened to upend global supply chains – and the uncertainty prevails despite the temporary truce. >U.S.-China Trade Deal Spurs Sharp Rises in World Markets; Dow Jones Recovers to Level Just Before Tariffs Announcement archive.ph/Fp8OO <The Dow Jones Industrial Average of the New York Stock Exchange surged 1,160 points Monday, recovering to the level just before U.S. President Donald Trump’s announcement that tariffs would be imposed. <An optimistic view that U.S.-China trade friction would ease clearly pushed stocks up. Washington and Beijing reached a deal in Geneva on Monday for a 90-day pause and for reciprocal tariffs to be reduced by 115 percentage points. >Asia Pacific trade envoys to discuss multilateral cooperation in tariff era archive.ph/yRrGi <Asia-Pacific trade envoys will gather this week in South Korea for discussions on multilateral cooperation, with talks taking place at a time when countries are scrambling to respond to U.S. President Donald Trump's sweeping tariffs. <Trade representatives of 21 member economies of the Asia-Pacific Economic Cooperation grouping will attend two days of meetings starting Thursday in South Korea's resort island of Jeju, as part of a second round of senior officials' meetings ahead of an annual APEC leaders summit later this year. <The APEC trade envoys gathering comes amid growing protectionism triggered by Trump's tariffs, which have targeted more than half of the bloc. APEC accounts for about half of global trade and 60% of global GDP. >China says fentanyl issue is responsibility of the US archive.ph/SYJXP <US Trade Representative Jamieson Greer said on May 12 that “both the Chinese and United States agreed to work constructively together on fentanyl and there is a positive path forward there as well”. <Asked May 13 about prospects for talks on the issue, Beijing reiterated its position that it is not responsible for the opioid addiction epidemic in the United States. <“Fentanyl is the United States’ issue, it is not China’s issue,” foreign ministry spokesman Lin Jian said. <“The US has ignored China’s goodwill and imposed unreasonable fentanyl tariffs on China, seriously disturbing cooperation between China and the US in the area of drug control and seriously harming China’s interests,” he said. <“If the US really wants to cooperate with China, it should stop smearing and shifting blame onto China and engage in dialogue in an equal, respectful and mutually beneficial way,” he said.

>US, Chinese officials secretly met 3 weeks ago in bid to break trade deadlock: Report US Treasury Secretary met with Chinese finance minister at IMF headquarters ahead of trade talks, says Financial Times https://archive.today/https://www.aa.com.tr/en/americas/us-chinese-officials-secretly-met-3-weeks-ago-in-bid-to-break-trade-deadlock-report/3565547 So Trump wasn't lying?

>>44140 >The revelation contradicts previous statements from both sides. Bessent had claimed last week that no engagements with China had occurred, while Chinese officials had been denying US President Donald Trump's assertions on holding any negotiations. >Neither the US nor Chinese authorities have confirmed or denied the report. So Bessent lied to Congress?

>Malaysian minister more hopeful after trade talks with US archive.ph/KuTe2 <Malaysia's trade minister is more optimistic of achieving a deal with Washington to reduce tariffs, he said on May 15, after a meeting with his US counterpart. <Minister of Investment, Trade and Industry Tengku Zafrul Aziz met US Trade Representative Jamieson Greer on the sidelines of a two-day gathering of trade ministers from 21 member economies of the Asia-Pacific Economic Cooperation (Apec) group. <It was his second meeting with Mr Greer since the South-east Asian country officially started negotiations with Washington two weeks ago. >France and Europe's economic appeal falters in the face of the US archive.ph/QAB2t <In the face of this widespread decline on the Old Continent, the United States emerged as the big winner. In 2024, foreign investments there surged by 20%. "Companies have pivoted toward this country," said Lhermitte. The large industrial support plan launched by Joe Biden, the Inflation Reduction Act, which offered very generous tax cuts, has worked. Moreover, the drop in investments in Europe is essentially due to a withdrawal by Americans, who launched 46% fewer projects in 2024 than in 2021. <These results, however, pertain to 2024, before Trump's return to the White House and his erratic tariff announcements. Will these warnings change the situation and, paradoxically, make Europe an attractive zone of stability? Nothing is less certain, according to a study conducted by EY in March among 200 multinational CEOs. >Walmart Delivers Solid Earnings, Warns Of Imminent Price Hikes archive.ph/AleJm <Walmart reported better-than-expected first-quarter results for the period ending April 30 but cautioned that the trade war will raise prices on certain items as early as this month. The warning underscores that the mega retailer's low-price model is threatened amid an ongoing value war with other U.S. retailers. >China retains rare earth export controls as bargaining chip amid trade war truce with US archive.ph/aYRVg <Even as China and the US roll back tariffs and other trade salvos amid a 90-day truce, there is one powerful source of leverage that Beijing appears to be retaining: the control of its exports of critical minerals, including rare earths. <China’s Commerce Ministry said on May 12, the same day that details of the US-China agreement were announced, that strengthening export controls of strategic mineral resources was crucial to national security. <A ministry spokesman said that smuggling activity had been detected after Beijing implemented export controls, and that China had launched a campaign to crack down on such moves. >UK Farmers Fear For Bioethanol Market Following US Trade Deal archive.ph/92Ve6 <A recent trade deal between the UK and the US has led to the removal of tariffs on American bioethanol, which British farmers fear will undermine their domestic market. <Concerns exist among beef farmers that the deal will result in increased American beef imports, leading to unfair competition and impacting their livelihoods. <The trade agreement has sparked widespread scepticism among British farmers regarding the government’s commitment to protecting their interests and the future of the agricultural sector. >China grants visa-free entry to some of Latin America's biggest economies archive.ph/UYGKj <China will extend its visa-free policy to nationals of Brazil, Argentina, Chile, Peru and Uruguay, putting some of Latin America's largest economies on equal footing with many European and Asian countries as it sought stronger ties with the region. <The visa-free arrangement will be effective from June 1 for a year, Chinese foreign ministry spokesperson Lin Jian said on Thursday during a regular press conference. >N. Korean workers leaving China’s Liaoning province as factories close archive.ph/GvUoe <North Korean workers are returning home from China’s Liaoning province in significant numbers as Chinese factories permanently close their doors. <According to a source in China recently, Chinese factories have been relocating or shutting down operations due to the ongoing repatriation of North Korean workers from Liaoning province s(Hello, I just arrived from Leddit, please bully me)ate 2024. >Consumption Tax Exemption to Be Nixed for Low-Cost Imported Items; Measure Eyed with Chinese E-Commerce Sites in Mind archive.ph/ORctM <The Finance Ministry is considering imposing the consumption tax on low-cost imported goods priced at ¥10,000 or less that are currently exempted under the de minimis rule, according to sources. <The ministry is set to revise the rule, which also exempts such goods from tariffs. <Behind the move is the situation in which Chinese e-commerce sites are boosting their sales of low-cost items under the rule. The ministry aims to level the playing field for competition between domestic and foreign businesses. <Other countries are also making changes to their de minimis rules. The administration of U.S. President Donald Trump suspended the de minimis rule for items imported from China. >Trump says India offered to remove all tariffs on US goods archive.ph/T4vxf <US President Donald Trump said India has made an offer to drop tariffs on US goods, as the Asian nation negotiates a deal to avert higher import taxes. <Speaking on May 15 at an event with business leaders in Qatar, Mr Trump said the Indian government has “offered us a deal where basically they are willing to literally charge us no tariff.”

[Expand Post]

>China first-quarter emissions fell despite rising power demand archive.ph/Dwo9M <Surging renewable energy meant China’s carbon emissions fell in the first quarter of 2025 despite rapidly rising power demands, a key milestone in the country’s energy transition, analysis from a think tank showed on May 15. <China’s trade war with the US remains a wild card, however, especially if Beijing acts to stimulate polluting industrial sectors in response, the report notes. <China, the world’s largest emitter of greenhouse gases such as carbon dioxide (CO2) that drive climate change, plans to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. >Thai consumer confidence hits 7-month low in April due to US tariffs archive.ph/WqM9T <Thai consumer confidence dropped for a third straight month in April, hitting its lowest level in seven months due to concerns over US tariffs and a slow domestic economic recovery, a survey showed on Thursday. <The consumer index of the University of the Thai Chamber of Commerce fell to 55.4 in April from 56.7 in the previous month, the university said in a statement. <"Confidence has steadily declined... due mainly to the trade war", university president Thanavath Phonvichai told a press conference. <"Purchasing power remains stagnant, suggesting confidence is still in a downward trend," he said, adding consumers were hesitant to make purchases, especially on durable goods, homes, vehicles, and travel. <Thailand will face a 36% US tariff if a reduction can't be negotiated before a moratorium expires in July. The United States has set a 10% tariff for most nations while the moratorium is in place. >Trump to close deal-making Gulf tour in UAE archive.ph/eqZWW <United States President Donald Trump on Thursday closes a Middle East tour in the United Arab Emirates (UAE) as he focuses squarely on seeking deals after billions of dollars of pledges from Saudi Arabia and Qatar. <The first major trip of his second term had been scheduled to end Thursday but Trump, always ready with surprises, did not rule out continuing on to Turkey if Russian President Vladimir Putin shows up for talks with Ukraine. <Trump will fly to the Emirati capital Abu Dhabi after a stop in Qatar, where the president hailed what he said was a record US$200 billion deal for Boeing aircraft. >Japan to seek 3rd round of trade talks next week: Sources archive.ph/13xCf <Japan’s top trade negotiator, Mr Ryosei Akazawa, could travel to Washington as soon as next week for a third round of trade talks with the US, two sources with knowledge of the plans told Reuters on May 15. <The date of his visit was fluid and would depend on how much progress the two countries can make in narrowing differences in staff-level negotiations, one of the sources said on condition of anonymity as he was not authorised to speak publicly. <Japan is considering a package of proposals to gain US concessions that may include increased imports of US corn and soya beans, technical cooperation in shipbuilding, and revision to inspection standards for imported automobiles, the source said. <There is uncertainty on whether the two sides can iron out differences over Japan’s priority, which is to win exemptions from US tariffs on automobile and auto parts – the mainstay of its export-heavy economy. >Apec warns of stalling trade due to tariffs as China, US officials meet archive.ph/vf3VF <The Asia-Pacific Economic Cooperation (Apec) grouping warned on May 15 that exports from a region that accounts for around half of world trade will slow sharply in 2025, and barely grow at all, in the wake of US tariff announcements. <The 21-member bloc convened an annual session of trade representatives ahead of a leaders’ summit in 2025, with top US and Chinese trade envoys meeting on the sidelines following high-stakes talks earlier in May in Geneva that sought to de-escalate a bitter trade war. <Apec projected that exports in the region would rise by only 0.4 per cent in 2025, compared with 5.7 per cent growth in 2024, in an analysis report released at its 2025 meeting of ministers responsible for trade on South Korea’s resort island of Jeju. <The bloc also cut its regional economic growth forecast for 2025 to 2.6 per cent from 3.3 per cent previously. <“Trade growth is set to decline sharply across Apec due to lower external demand, particularly in manufacturing and consumer goods, while rising uncertainty over goods-related measures weighs on services trade,” said Apec in a statement.

>Trump threatens Apple with a 25% tariff if it doesn’t build iPhones in America archive.ph/W4Pih <“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted Friday morning on Truth Social. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.” >Trump suggests 50% tariff on EU goods starting in June archive.ph/bVjjY <US President Donald Trump has recommended Friday a 50% tariff on the European Union after complaining that negotiations were not going well and Brussels was “difficult to deal with”. <Trump took to social media to share his thoughts, suggesting the elevated duty to start on 1 June, in less than a month. >Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices archive.ph/S9w2T <“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote on Truth Social. “Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. “I’ll be watching, and so will your customers!!!”

>>44167 >China grants visa-free entry to some of Latin America's biggest economies >N. Korean workers leaving China’s Liaoning province as factories close Slant-eyes dumb slaves out, shitskin dumb slaves in. >>44413 >Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices Good. Take down those businesses that pander to niggers.

>Purely business or sinister security risk? Chinese ‘land grabs’ spook US allies Japan, South Korea archive.ph/31WfX <Chinese buyers are snapping up land from American farms to Japanese islands to prime Seoul real estate, raising questions over whether the trend portends a security risk. <These “land grabs”, by individuals and entities from a socialist country that bans private land ownership, are being eyed with suspicion as geopolitical rivalry escalates between the US and China. <Experts said foreign ownership of land deemed “strategically important” or “sensitive” is a potential risk, given that the sites could be used for spying and surveillance, or to seize control of critical resources like food and water. In this context, Chinese activity is being viewed with distrust, as the country is a perceived threat to the US and its allies. >Trump shocks markets by touting US-Steel-Nippon deal archive.ph/9ZbfL <US President Donald Trump has announced a partnership between United States Steel Corp and Nippon Steel Corp of Japan, shocking markets with an agreement the he said would keep the once-iconic American firm in the US but otherwise providing no specifics. <He stopped short of explicitly endorsing Nippon Steel’s earlier proposed $14.1-billion takeover of struggling US Steel, but shares of the company surged as much as 26% in late Friday trading — signalling optimism over the deal’s prospects. <“I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,” Trump said on his Truth Social platform. “My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA.” >China now offers instant tax refund to tourists in bid to boost consumption. Here’s how it works archive.ph/8MgYl <Visitors to China might soon find it easier to claim tax rebates at store checkouts – and that could mean a little extra cash to spend during their trip and fewer queues at the airport. <Experts say this could boost the economy, but the key will be getting more retailers on board with the programme. <China recently revised its tax rebate policy to allow foreign tourists to receive their tax refunds instantly at eligible stores, rather than only at the airport, and lowered the minimum spending required for such claims. <Since April 27, tourists who spend at least 200 yuan (S$36) at the same store on the same day are eligible for the instant tax refund, down from the previous 500 yuan. <The maximum cash refund amount has also been raised from 10,000 yuan to 20,000 yuan. <Refunds can be received instantly through mobile payments such as WeChat and Alipay’s digital wallets, credit cards and in cash. <Previously, tourists had to get paper forms and receipts in order, and could receive the refunds only at the tax refund counter at the airport right before leaving the country. >Akazawa Eyes Tariff Deal with U.S. at Summit Meeting in June; Says American Representatives Are Growing More Aware of Japan’s Economic Contribution archive.ph/JwCuM <The Japanese and U.S. governments on Friday in Washington held their third round of ministerial-level negotiations on tariffs levied by the administration of U.S. President Donald Trump. <After the talks, Ryosei Akazawa, Japan’s economic revitalization minister, expressed his intention to proceed with more talks with a view to reaching an agreement at the Japan-U.S. summit meeting scheduled to be held in mid-June on the sidelines of the Group of Seven summit in Canada. <“We were able to have a more frank and in-depth exchange than last time,” Akazawa, who heads the Japanese delegation for the negotiations, said to reporters.

>>23518 YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL YELLOW PERIL

“This is why Trump is angry, as per the WSJ… after the talks in Geneva the U.S. decided to adopt new rules banning the use of Huawei’s new AI chips “anywhere in the world” (which, insanely, includes China), which China said “seriously undermined consensus reached at the high-level bilateral talks in Geneva.” LinkBookmarkIn response China is slow-walking approvals for export licenses of rare earths, and US automakers are warning the White House that “auto plants may have to idle in pandemic-style stoppages” as a result.

>>44821 Do you actually have a source?

>>44823 if he's quoting the WSJ he probably means this article https://archive.today/https://www.wsj.com/world/china/u-s-china-trade-truce-risks-falling-apart-over-rare-earth-exports-c36ceb72 archive.ph/L5qfM

>Trade war accelerates major slowdown in global economy since start of 2020s archive.ph/azQGu <The trade war launched by Donald Trump has been causing a significant slowdown in global economic growth, according to forecasts released by the World Bank on Tuesday, June 10. The international institution projected that the global economy will grow by 2.3% this year, compared to 2.8% in both 2023 and 2024. This figure is 0.4 percentage points lower than what was forecast back in January. <"Only six months ago, a 'soft landing' appeared to be in sight: the global economy was stabilizing after an extraordinary string of calamities both natural and man-made over the past few years," namely the Covid-19 pandemic and the war in Ukraine, said Indermit Gill, the World Bank's chief economist. "That moment has passed. The world economy today is once more running into turbulence. Without a swift course correction, the harm to living standards could be deep." These forecasts are based on the assumption that tariffs will remain at their late-May levels – after Donald Trump's partial backtracking on China and following his agreement with the United Kingdom. >Hopes rise on second day of US-China talks archive.ph/ZWwJ1 <The United States and China began a second day of trade talks on Tuesday, seeking to shore up a shaky tariff truce in a bitter row deepened by export curbs. <The gathering of key officials from the world’s two biggest economies began Monday in London, after an earlier round of talks in Geneva last month. >China Is Deliberately Using Fentanyl To 'Kneecap' The US, FBI Director Says archive.ph/enxC0 <Communist China has a long-term plan to weaken the United States by fueling the fentanyl crisis, according to FBI Director Kash Patel. <Patel sat down for a wide-ranging interview with podcaster Joe Rogan on June 6, saying that President Donald Trump has done an “amazing job” at going after drug trafficking organizations and shoring up the southern border. However, the root of the U.S. fentanyl crisis lies with the Chinese Communist Party (CCP), he added, due to China’s exports of fentanyl precursors. <One thing is clear is that China is “not making a ton of money” with its precursor exports, Patel added. <“In my opinion, the CCP [has] used it as a directed approach because we are their adversary,” Patel said. “And their long-term game is, ‘how do I,’ in my opinion, ‘kneecap the United States of America, our largest adversary?’” Patel said. >Beijing woos US influencers with free trip to show ‘real China’ archive.ph/aCkY7 <China is inviting American influencers to join a 10-day, all-expense paid trip through the country in July, as part of Beijing’s efforts to boost people-to-people exchanges and showcase the “real China”. <The initiative, titled “China-Global Youth Influencer Exchange Programme”, seeks to enlist young social media influencers with at least 300,000 followers to collaborate with Chinese content creators, according to recruitment posts by Chinese state-affiliated media outlets, including the China Youth Daily. <While relations between China and the US have deteriorated in recent months over issues including geopolitics, technology and trade, the programme marks an effort to boost cultural exchanges. >Huawei founder says USA overestimates its semiconductor prowess archive.ph/D7AmT <In a friendly interview with Communist Party organ People’s Daily, Ren was asked about the USA’s recent claim that Huawei’s “Ascend” AI accelerator chips are based on stolen American tech, meaning anyone using them anywhere therefore violates Washington’s export controls and risks legal action. <“There are many chip companies in China, and many of them are doing well,” Ren replied, before adding “Huawei is one of them.” <“The United States has exaggerated Huawei's achievements. Huawei is not that great yet. We need to work hard to live up to their evaluation. Our single chip is still one generation behind the United States.” >G7 Expected to Forgo Issuing Leaders’ Declaration; Nations Seek to Avoid Highlighting Rifts with U.S. archive.ph/WTuzn <Group of Seven nations are planning to forgo issuing a leaders’ declaration at their summit in Kananaskis, Canada, according to Japanese government sources. <Their aim is apparently to avoid highlighting the rifts between the United States and other G7 members, including Canada, the chair of the meeting, and Japan. <The G7 summit will be held on June 15-17. It will be the first summit of the group for Prime Minister Shigeru Ishiba. <If a declaration is not issued, it would be the first time since 2007. That year, only the chair’s summary was produced. >China’s Xi and Trump Threaten Apple’s India Ambitions archive.ph/MzAMY <Apple, the world’s most valuable company, faces fresh hurdles as it tries to expand production in India. The iPhone giant hopes to move some of its manufacturing out of China. But competing interests from US President Donald Trump and Chinese President Xi Jinping are making that move difficult. <Bloomberg’s piece, “Apple Can’t Leave China, With or Without Tariffs”, highlights how Apple’s long history in China has built a supply chain it can’t easily replace. As Apple begins shifting work to India, pressure from both Washington and Beijing could derail its efforts and impact its business worldwide. >Gold Prices Hit Record Highs But Nobody is Buying, Small Shops Closing archive.ph/w39qc <Thailand’s gold market, long seen as a symbol of wealth and a key part of family traditions, is facing one of its toughest periods. The Gold Traders Association (GTA) says gold prices have reached all-time highs, with 96.5% pure gold jewellery now selling for 50,950 THB per baht-weight in May 2025. <This is a sharp climb from the year’s low of 43,842.72 THB in early February. However, this surge has led to jewellery sales dropping by half, the steepest fall ever recorded. Small gold shops, which make up most of the market, are struggling. Many are now closing, as few customers can afford handmade jewellery at these prices. <Thailand is the third-largest gold market in Asia, after India and China. Here, gold is more than just an investment. It’s a sign of good fortune, often given as gifts during weddings and births.

>China imposes a tax on cognac but limits its scope archive.ph/LwfPb <The cognac industry can kick back and have a drink. On the eve of the deadline set for Saturday, July 5, the Chinese Ministry of Commerce announced on July 4 the imposition of average customs duties of 32.2% on imports of wine-based spirits from the European Union – meaning cognac. But companies that, during the proceedings, negotiated a minimum price agreement − with price increases estimated between 12% and 16% − will be able to avoid the new tariffs. On Friday afternoon, French President Emmanuel Macron welcomed the move as "a positive step toward ending a dispute that threatened our exports," while promising to continue dialogue with Beijing. <This way out is expected to benefit 34 companies, including the three major French groups: the luxury giant LVMH, the market leader with its Hennessy brand; the spirits group Pernod Ricard, owner of Martell; and its rival Rémy Cointreau, known for the Rémy Martin brand. The outcome is likely to be much harsher for about 20 smaller cognac houses, which are being hit hard. >South Korea’s presidential adviser to fly to Washington ahead of tariff deadline archive.ph/OKXbN <South Korea’s presidential security adviser plans to visit Washington from July 6 to 8, his office said on July 5. <Mr Wi Sung-lac, President Lee Jae Myung’s national security adviser, plans to “have in-depth discussions about all the pending issues between South Korea and the United States”, the office said in a statement. <His visit comes as South Korea may seek an extension of the freeze on US tariffs that is set to expire within days. >Trump says tariff letters to 12 countries going out Monday archive.ph/DyDFq <US President Donald Trump said he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the "take it or leave it" offers to be sent out on Monday. <Trump, speaking to reporters aboard Air Force One as he travelled to New Jersey, declined to name the countries involved, saying that would be made public on Monday. >Reuters: EU to Stockpile Critical Minerals Amid Geopolitical Risks, FT Says archive.ph/ILWIT <The European Union plans to stockpile critical minerals as a precaution against potential supply disruptions due to geopolitical tension, the Financial Times reported on Saturday, citing a draft document by the European Commission. <“The EU faces an increasingly complex and deteriorating risk landscape marked by rising geopolitical tensions, including conflict, the mounting impacts of climate change, environmental degradation, and hybrid and cyber threats,” the newspaper quoted the draft as saying. <The document warns that the higher-risk environment was driven by “increased activity from hacktivists, cybercriminals and state-sponsored groups”, the FT said.

>Thai minister woos US businesses in New York archive.ph/sNwCe <Thailand’s deputy commerce minister has invited large American corporations to invest in targeted industries in Thailand. <Chantawit Tantasith led a delegation from the ministry in a roundtable discussion held recently in New York City with the US-Asean Business Council and the Business Council for International Understanding. <They exchanged insights and fostered collaboration between American businesses and the Thai government, with a focus on boosting investment in targeted industries. <Mr Chantawit said Thailand values its economic partnership with the US. The ministry emphasised Thailand’s readiness to facilitate US companies’ investment in the targeted industries. <These sectors include electric vehicles, agriculture and future food, medical equipment, clean energy, advanced electronics and digital industry, all of which align with the United States’ potential. >Bessent says he will meet Chinese officials, discuss tariff deadline extension archive.ph/XjFxB <US Treasury Secretary Scott Bessent said on July 22 that he will meet his Chinese counterpart next week and discuss what is likely to be an extension of an Aug 12 deadline for higher tariffs. <Mr Bessent told Fox Business Network’s Mornings With Maria programme that trade with China was in “a very good place” and the meetings in Stockholm would take place on July 28 and 29. <“I think we’ve actually moved to a new level with China, where it’s very constructive and... we’re going to be able to get a lot of things done now that trade has kind of settled in at a good level,” Mr Bessent said. >Thailand says nearing deal with US to lower 36% import tariff archive.ph/7n1DZ <Thailand is close to an agreement with the United States to lower a threatened 36% tariff on its exports ahead of the Aug 1 deadline, according to Finance Minister Pichai Chunhavajira, who expects trade talks to conclude within days. <The Southeast Asian nation will submit additional clarifications and final details of its proposal to US trade officials in the coming days, Mr Pichai said on Tuesday. A deal is expected to be announced before the new tariff rate takes effect, as Thailand has already provided the Washington with “almost everything” requested. <“We’ve completed more than 90% of the negotiation. Today or tomorrow should be the very final stretch. There’s just a little bit left,” said Mr Pichai, who leads Thailand’s team of trade negotiators. “Some requests for explanations and asks came from their side, and I need to review those to make sure everything is truly complete.” >Upper House Election: Prime Minister Ishiba Receives Understanding, Criticism from Cabinet; Minister Cautions Impact on U.S. Tariff Talks archive.ph/O1yQo <A Cabinet member on Tuesday said Prime Minister Shigeru Ishiba should face up to his mismanagement of the administration,while others showed some understanding of his intention to stay in office, two days after the ruling coalition of the Liberal Democratic Party and Komeito lost its majority in the House of Councillors election. <“Voters delivered a harsh judgment against us. We must take the judgment humbly and seriously,” Chief Cabinet Secretary Yoshimasa Hayashi told reporters at the Prime Minister’s Office after the first Cabinet meeting since the poll. He added that he will continue to support Ishiba as prime minister. <“We want to continue to work together to overcome the difficult situation,” said Internal Affairs and Communications Minister Seiichiro Murakami at a press conference Tuesday. Speaking on the ongoing tariff negotiations with the United States, Murakami, a close ally of Ishiba, questioned the prudence of potentially abandoning the negotiations. “Isn’t it right to reach a certain point and then reconsider the [prime minister’s] responsibilities?” he said. <Ishiba is believed to think that he gained a certain amount of support for his decision to continue in office, which he announced Monday, as the LDP has maintained its position as the largest party in the upper house. >China’s ‘Leave India’ Order to Tech Engineers Signals Escalating Supply Chain Warfare archive.ph/0s4uV <China has ordered hundreds of its engineers and technicians working in Indian electronics factories to return home, a step shaking up India’s rapidly growing electronics scene. This unofficial pullout could throw Apple’s production goals off course and slow India’s plan to challenge China’s hold on global manufacturing. <The India Cellular and Electronics Association (ICEA), which counts Apple, Foxconn, Google, and Tata Electronics among its members, wrote to the government calling China’s move “a targeted effort to disrupt India’s supply chains and slow its emergence as a global hub”. <The directive, which reportedly began taking effect two months ago, has led over 300 engineers and technicians to leave Foxconn’s iPhone plants in southern India. <These workers, essential to setting up production lines and passing on technical skills, left suddenly and without an official reason. >Akazawa Downplays Election’s Impact on Tariff Talks;Bessent Denies Interest in Japan’s ‘Internal Workings’ archive.ph/Pq0fh <With the approach of an Aug. 1 deadline after which the U.S. government says it will impose 25% tariffs on imports from Japan, economic revitalization minister Ryosei Akazawa arrived in the U.S. for ministerial talks on tariffs and met with Commerce Secretary Howard Lutnick on Monday in Washington D.C. <According to the Japanese government, the two held a “very candid and in-depth discussion, once again.” <It was Akazawa’s eighth visit to the U.S. for the series of tariff negotiations. Efforts were also being made to hold a meeting with U.S. Treasury Secretary Scott Bessent, the chief U.S. negotiator for the talks and Akazawa’s counterpart. <Speaking with reporters upon his arrival at an airport in the suburbs of Washington, Akazawa had downplayed the possible impact of the House of Councillors election results on the prospect of tariff negotiations by saying that “Basically, it doesn’t matter [for the negotiations] whether the ruling parties win or lose in the election.” He added, “Both sides [Japan and the United States] hope to reach some sort of agreement,” showing his intention to continue negotiations. <Meanwhile, in a CNBC interview on Monday, Bessent commented: “Our priorities are not the internal workings of the Japanese government. Our priorities are getting the best deal for the American people.” >In South Korea’s ‘apple county’, farmers beg not to be sacrificed for US trade deal archive.ph/MzYOs <The apples grown in the South Korean county of Cheongsong in the country’s south-east are so renowned for their flavour that they are often given out in neatly packaged gift boxes during national holidays. <But apple farmers, who account for about a third of the roughly 14,000 households in the sleepy rural area, worry that their way of life could be under threat from an influx of cheap US imports. <South Korea’s trade minister suggested last week that Seoul could make concessions on some agricultural imports, although he said sensitive items should be protected, as part of any deal to eliminate or reduce punishing US tariffs on the country’s cars, steel and other key exports.

[Expand Post]

>South Korea weighs painful concessions to avert Trump’s looming tariffs archive.ph/fa2Za <South Korea will hold high-level trade talks with the US on July 25, accelerating efforts to head off sweeping tariffs by weighing politically sensitive concessions that could reshape ties between the two allies. <Finance Minister Koo Yoon-cheol and Trade Minister Yeo Han-koo will meet their US counterparts, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, in a so-called “2+2” format in Washington, Mr Koo told reporters on July 22. <Seoul is preparing for a diplomatic push in the final days before the Aug 1 deadline when President Donald Trump’s across-the-board 25 per cent tariff is set to take effect.

>EU approves €93 billion in counter-tariffs on US goods archive.ph/T6J1W <EU states on Thursday, July 24, approved a €93 billion ($109 billion) package of counter-tariffs on US goods that would kick in from August 7 if talks with the United States fail, European diplomats said. US President Donald Trump blindsided the European Union this month when he threatened a 30% levy on EU goods unless the two sides reach a trade deal by August 1. <Brussels and Washington appear to be inching toward a deal with a baseline 15% levy on EU goods, but the bloc is still forging ahead with detailed retaliatory plans in the event of no accord. <Thursday's list includes previously agreed levies on €21 billion of US goods, including soybeans. Added to that is a second list of €72 billion put forward by the European Commission this month, targeting dozens more products including US planes, cars and whisky. >Trump Agreed to Tariff Deal With Japan After 70-Minute Talks; U.S. President Tried to Trade Concessions for 1% Reductions archive.ph/eNIY5 <There was just about one week remaining until the Aug. 1 deadline when Japan and the United States reached a 15% tariff deal. Tokyo had managed to avoid the worst-case scenario of U.S. President Donald Trump’s administration levying duties of 25% from next month. <Japan succeeded in lowering not only what Trump calls “reciprocal tariffs,” imposed on dozens of countries including Japan, but also the automobile tariff that was a top priority for this nation. >EU-US trade war looms as an uneven agreement takes shape archive.ph/v9ie5 <Although Ursula von der Leyen is in Asia, scheduled to attend a summit of European Union and Chinese leaders on Thursday, July 24, her attention is undoubtedly focused on the United States. The EU's relations with Beijing are far from smooth. On the contrary, there have been several points of friction between the two. Yet with one week remaining before August 1, the date on which US President Donald Trump threatens to impose 30% tariffs on European imports if no agreement is reached between Washington and Brussels, von der Leyen, the president of the European Commission, fears a trade war that would be disastrous for Europe. >Xi says China, EU must deepen trust but bloc chief urges ‘real solutions’ archive.ph/ExLIY <Chinese President Xi Jinping said China and the European Union must deepen trust in a turbulent world, but the bloc’s chief called for “real solutions” to move past an inflection point as they met in Beijing on July 24. <China’s leadership has sought to draw the EU closer as it positions itself as a more reliable partner than the US and a bedrock of stability in a troubled world. <But the EU has made it clear there are deep divisions over trade, fears that cheap, subsidised Chinese goods could overwhelm European markets and Beijing’s tacit support for Russia’s war against Ukraine. <Though the meeting was nominally intended to celebrate 50 years of diplomatic ties, the long list of grievances set the stage for a contentious summit. >Vietnam to buy two Lockheed Martin helicopters, sources say, as US trade talks carry on archive.ph/fsmv8 <Vietnam’s police ministry has agreed to buy two Lockheed Martin helicopters, according to three people with knowledge of the talks, in what would be a key security deal since Washington lifted an arms embargo on the Communist-run nation a decade ago. <The deal would come after the country’s ministry of public security held protracted talks since at least 2022 with multiple US defence companies to acquire helicopters. <Lockheed Martin is also negotiating with Vietnam’s defence ministry over the sale of C-130 military transport planes, multiple officials have said. <The South-east Asian country, which relies heavily on Russian weapons, has been looking for years to diversify its arsenal. <It is also currently negotiating with the Trump administration key elements of a tariff deal that is crucial to maintain access to its largest export market.

>Trump’s transactional foreign policy fuels ‘US scepticism’ in Taiwan archive.ph/LdLTK <Pressure is mounting for Taipei to finalise a trade agreement with Washington and lower tariff rates as soon as possible – and it is not just for economic reasons. <The fact that Taiwan has yet to secure a favourable US tariff rate for its exports – despite being one of the first and most eager territories to start talks – has raised questions about President Lai Ching-te’s relationship with not only one of the island’s largest trading partners, but also its most important security backer. >Philippines, India shore up ties amid China tensions, US tariff risks archive.ph/sAluT <President Ferdinand Marcos Jr’s state visit to India this week marked a deepening of Philippine efforts to diversify its strategic partnerships beyond traditional allies, as Manila grapples with escalating tensions in the South China Sea and economic headwinds from Washington’s protectionist turn. <“Today, our relationship enters a new epoch,” Mr Marcos said in a joint media conference in New Delhi on Aug 5 as he and Indian Prime Minister Narendra Modi formally elevated bilateral ties to a strategic partnership. “India becomes only the fifth strategic partner of the Philippines.” >US Trade Deficit Shrinks To 2-Year Lows archive.ph/rYv4v <The US trade deficit narrowed in June to the tightest since September 2023 as companies scaled back on imports after a massive tariff-front-running surge earlier in the year. <The goods and services trade gap shrank 16% from the prior month to $60.2 billion (slightly better - smaller - than the $61 billion expected) >Local car dealerships say car prices are steady for now despite auto tariffs archive.ph/n9RHT <"The biggest change that we've seen in our business wasn't impacted by tariffs themselves. It's impacted by maybe fear or concerns of tariffs," said Kevin Shaunghnessy, CEO of Phil Long Dealership. <He says that when the 25 percent auto tariff took effect, his business experienced a surge in customers. <"In July, businesses were normalized," Shaunghnessy said. <News5 spoke with a local dealer who sells used vehicles before the 25% tariff went into effect. <Richard Clark, Sales Manager of Lakeside Auto Brokers, says he predicted a price jump. <However, his expectation didn't happen. <"It never really hit. We are about the same market value and same prices we were," Clark said. <Clark says he wants to know if tariffs on imports, such as aluminum and steel, would eventually push up auto prices. <Scott Van Ness, Professor of Operations Management at the University of Colorado Colorado Springs, says he would expect some price increases. <However, having steel manufacturing in the U.S. could lead to greater efficiency. <Until then, Shaunghnessy says his business is waiting to see. <"If we have to supply additional discounting or specials. potening interest rate to offset the tariff impacts," Shaunghnessy said. >Key Thai sectors still protected under US tariff pact archive.ph/iFRny <Thailand’s pledge of near-total market access for US goods includes key limits to protect some domestic industries, according to a government official, laying out the terms the country sought for its tariff deal with Washington. <The restrictions — specifically on pork and corn — will be hammered out in final negotiations with the US, said Pongsarun Assawachaisophon, who was involved in the talks and serves as deputy secretary-general to the prime minister. <The US tariffs are expected to shave off as much as 1.5 percentage points off Thailand’s economic growth next year. The deal is designed to fulfill President Donald Trump’s demand to erase Thailand’s $45-billion trade surplus while still keeping trade open to the country’s biggest export market. >Intensive Diet Deliberation on Tariffs: Details of Japan-U.S. Agreement Too Ambiguous archive.ph/ClCY4 <Japan and the United States reportedly agreed on reducing the U.S. tariff rate on Japanese automobiles to 15%, but no implementation date has been set. <The question of whether to revise the Japan-U.S. trade agreement, which sets the tariff rates between the two countries, also remains unresolved. <Under such circumstances, can it be said that the tariff negotiations have concluded? One cannot help but feel concern over the government’s vague explanation. <Intensive deliberation on Japan-U.S. tariff negotiations was held at the House of Representatives Budget Committee. <Constitutional Democratic Party of Japan leader Yoshihiko Noda said the fact that a written agreement between Japan and the United States was not produced has led to discrepancies in their positions. “The negative impact of not having a document is significant,” he said. <Democratic Party for the People leader Yuichiro Tamaki also emphasized that unless Japan clarifies its understanding of the tariff agreement, the United States will interpret it in a way that is advantageous for itself — a situation that is disadvantageous for Japan. <Prime Minister Shigeru Ishiba said, “We were afraid that creating a document would delay the lowering of tariffs,” emphasizing that it was necessary to prioritize the agreement, even if it was only verbal. >Trump vows substantial India tariff hike over Russian oil buying archive.ph/EYScY

[Expand Post]

<US President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the United States over the Asian nation’s purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies. <“India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,” Trump wrote on social media on Monday. “They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA.” <Trump didn’t say by how much he would increase the levy. Last week, he announced a 25% rate on Indian exports — one of the highest of any major economy — and vowed more duties if India continued to buy oil from Russia.

>Analysts expect baht to test 32 as US dollar weakens further archive.ph/C2e1p <The baht could appreciate to test 32 to the US dollar or strengthen even further, as the greenback is set to weaken further amid mounting pressure on the Federal Reserve to cut the US interest rate at its September meeting, according to analysts. <Following the Bank of Thailand’s (BoT) policy rate cut of 25 basis points (bps), which would typically weaken the Thai currency, the baht moved in a range of 32.24-26 to the dollar in morning trade on Thursday, compared with Wednesday's close of 32.31 baht in offshore markets, according to Kasikorn Research Centre (K-Research). <Most Asian currencies jumped on Thursday, led by the Indonesian rupiah and Malaysian ringgit, as the US dollar slipped to multi-week lows. <“The baht and other regional currencies, along with the world’s major currencies, gained strength amid heavy selling of the dollar and a weakening US bond yield, both of which are pressured by the expectation that the Fed will cut rates at its September meeting,” said Kanjana Chockpisansin, head of the research, banking and financial sector at K-Research. >Rare Earths Rally After Department Of Defense Sets A Price Floor archive.ph/WNhio <The global rare earth metals market has seen a whirlwind of developments in the past few weeks, sending ripples through both supply chains and pricing. A series of U.S. and Chinese policy moves, from Washington’s unprecedented price support for rare earth magnets to Beijing’s export curbs, continue to reshape this critical sector. >On The High Seas, The Navy Is 3D-Printing Its Way Out Of Supply Chain Delays archive.ph/yeBXo <The United States Navy is testing industrial-scale 3D printing systems it says could reshape the way it supplies and repairs its ships, aircraft and other equipment, particularly in remote or contested environments where weeks-long waits for parts are not an option. <The demonstrations took place during Trident Warrior, an annual exercise in which the Navy trials advanced technologies under operational conditions. The event is designed to ensure only proven systems advance toward procurement, and it draws heavily on feedback from fleet personnel. <Working alongside the Marine Corps, the Navy showcased 3D printing capabilities that are already in use, some installed in shipping container-sized mobile labs that can be deployed aboard vessels or sent to forward bases. The printers can produce parts ranging from a small hinge to a load-bearing titanium component, and in some cases deliver them off-site via drones or unmanned surface vessels, TheDefensePost.com reports. >As Trump pushes international students away, Asian schools scoop them up archive.ph/AvmAb <For Mr Jess Concepcion, a microbiology student from the Philippines, obtaining a doctorate from a university in the US had been a dream. It was where most of his academic mentors had studied and done research, and he wanted to follow in their footsteps. <But when the US, under President Donald Trump, started pausing visa interviews during peak season this spring, threatening to deport international students for political speech and slashing funding for academic research, he quickly changed plans. <... <Major international education search platforms, including IDP and Keystone Education Group, have detected a marked decline in student interest in American programmes. Among academic administrators polled by the Institute for International Education this spring, more than usual reported drops in international applications for the coming year.