live U.S. launches 'defensive' strikes against Iran as peace talks continue
The U.S. military has said it carried out defensive strikes in southern Iran after boats were seen laying mines in the Strait of Hormuz. Meanwhile, U...
China on Tuesday suspended soybean import qualifications from three U.S. exporters and halted imports of U.S. lumber, intensifying its retaliatory measures amid escalating trade tensions.
According to a statement from China's customs department, the affected companies are CHS Inc., Louis Dreyfus Company Grains Merchandising LLC, and EGT.
Customs officials reported that the suspension of soybean imports followed the detection of ergot and a seed coating agent in shipments, while the halt on lumber imports was due to the discovery of small worms, aspergillus, and other pests. These measures come just hours after China imposed import levies on $21 billion worth of American agricultural and food products.
The actions are viewed as a response to the extra 10% duty on U.S. products—threatened by President Donald Trump last week and implemented on March 4—which has resulted in a cumulative 20% tariff. The White House has attributed these tariffs to what it considers Chinese inaction over drug flows, further fueling the ongoing trade dispute between the two nations.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 25th May, covering the latest developments you need to know.
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