Xi Jinping

China protests US Defense Act

Can’t we just get along? File photo of US President Donald Trump with Chinese President Xi Jinping. It is unclear how the tariffs and the NDAA will affect their warm relationship

The Chinese Defense Ministry has protested the National Defense Authorization Act (NDAA) for 2019 which was signed into law in the US by President Donald Trump earlier this week.

The $717 billion act includes several sections on China, some of which violate the One-China policy, a ministry spokesperson said.

China announces its readiness to place tariffs on $60 billion in US goods

The Chinese Commerce Ministry has indicated its readiness to introduce various import tariffs on 5,207 US goods worth approximately $60 billion.
The Commerce Ministry said in a statement  that the tariffs would be imposed at four different tax rates.
China’s announcement comes after President Donald Trump threatened to raise the proposed tariff rate on an additional $200 billion worth of goods to 25% from 10%.

Report: Kissinger Urged Trump Policy of Pursuing Russia to Contain China

WASHINGTON – As President Donald Trump’s meeting with Russian President Vladimir Putin in Helsinki last week faced withering criticism for everything ranging from his “fondness for strongmen” to alleged “treason,” the geostrategic objectives of his attempt to advance détente were largely ignored or taken at face value alone.

BRICS agree to joint work on ‘Fourth Revolution’, cryptocurrencies

In order to deal with new technologies like AI and cryptocurrencies, BRICS nations must work together, Ramaphosa, center, said [PPIO]
 
BRICS countries are being urged to embrace the rapidly developing technologies which have carved a fourth industrial revolution but to do so in a fully collaborative approach.
South African President Cyril Ramaphosa says that while this digital revolution is the next threshold for BRICS countries, they should work together to ensure that emerging economies have a level playing field.

Analysis: BRICS can defeat Trump’s protectionism

BRICS is no longer in need of proving to the naysayers its sustainability and viability. The time has now come for it to expand its membership and reach among emerging markets.
South Africa today hosts the 10th BRICS Summit amid growing global trade tensions[PREUSS]
 
The world was in the grips of a growing financial crisis when Brazil, Russia, India and China first agreed to form an economic bloc in 2008.

China Pledges $105 Million to Palestine, Yemen, Syria and Jordan

(MEE) — Chinese President Xi Jinping pledged on Tuesday $105m in aid to Palestine, Yemen, Syria and Jordan in a speech at the China-Arab States Cooperation Forum (CASCF) in Beijing. The Chinese government will hand $90m to Yemen, Syria and Jordan, Xi said, with another $15m earmarked for Palestine. The financial assistance for Palestine will target economic development […]

Russia raises duties on US imports

Russian President Vladimir Putin is due to meet US President Donald Trump in Helsinki, Finland on July 16 but most of the talks will focus on the Syrian conflict [PPIO]
 
A week after resorting to the World Trade Organization in its complaint against US tariffs on Russian steel and aluminum, Moscow has raised its duties from 25 to 40 per cent on some US imports.
According to the Russian news agency TASS, Economic Development Minister Maksim Oreshkin said the rise was to compensate for more than $500 million loss in exports expected due to the US tariffs.