live U.S. and Iran sign ceasefire agreement, details unclear
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to b...
In a retaliatory move against new U.S. tariffs, China’s Commerce Ministry announced Tuesday that it will impose additional tariffs of up to 15% on key U.S. agricultural products, while also expanding controls on business activities with major U.S. companies.
The new tariffs are set to take effect on March 10, with goods already in transit exempt until April 12.
The extra tariffs target several important farm exports, including chicken, pork, soy, beef, wheat, corn, and cotton. Specifically, U.S.-grown chicken, wheat, corn, and cotton will incur an additional 15% tariff, while tariffs on sorghum, soybeans, pork, beef, seafood, fruit, vegetables, and dairy products will be increased by 10%.
China is a major importer of American farm products, and its measures come as a response to U.S. President Donald Trump’s recent tariff hikes— which raised duties on Chinese products to 20% and imposed 25% tariffs on imports from Canada and Mexico. Although U.S. agricultural purchases had dipped after the onset of the trade war during Trump’s first term, they later recovered, making this a significant development for U.S. exporters.
The announcement was made just a day before the annual session of China’s parliament, where economic issues including deflation are expected to be key discussion points. The extra tariffs and expanded trade limits underscore the ongoing tit-for-tat escalation between the two nations as each side seeks to protect its domestic industries amid a broader trade dispute.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
In an historic milestone for South Caucasus diplomacy, Hikmat Hajiyev, Assistant to the President of the Republic of Azerbaijan, conducted his first working visit to Armenia on 14 June for a high-level meeting with Armen Grigoryan, Secretary of the Security Council of the Republic of Armenia.
The Trans-Caspian East-West International Transport Corridor, commonly known as the Middle Corridor, is a multimodal trade route linking China and the European Union via Central Asia, the Caspian Sea, the Caucasus and Türkiye.
The United Nations Security Council unanimously extended the United Nations Assistance Mission in Afghanistan (UNAMA) until 17 June 2027 in New York on Monday, preserving its humanitarian, rights and political work.
Iran has said that reaching an agreement with the U.S. to end the war does not mean Tehran will overlook what it describes as war crimes committed against Iranians by Israel and the United States.
Uzbekistan and five partner countries have signed a protocol to further develop the CASCA+ railway corridor, a growing transport route linking Central Asia, the South Caucasus and Türkiye that provides an alternative connection between Asian and European markets.
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