Canada's wildfires could continue into fall, says government
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, accordin...
U.S. Treasury Secretary Scott Bessent said on Tuesday that he plans to meet with his Chinese counterpart next week to discuss a likely extension of the 12 August tariff hike deadline.
Speaking on Fox Business Network’s Mornings With Maria, Bessent described current trade relations with China as being in “a very good place,” and confirmed that the meetings would take place in Stockholm next Monday and Tuesday.
“We’ve reached a new, constructive phase with China,” he said. “Now that trade has stabilised, we’re in a position to make real progress.”
While previous talks focused primarily on resuming the flow of Chinese rare earth minerals and U.S. semiconductor-related exports, Bessent said the upcoming discussions would address broader concerns including China’s dependency on manufacturing and its need to shift towards a consumer-driven economy.
“We’d like to see China ease up on the overproduction and focus more on domestic consumption,” he added.
Bessent also said he intends to warn China about its continued imports of sanctioned Russian and Iranian oil, as well as its alleged support for Russia’s war in Ukraine.
He noted that there is bipartisan backing in the U.S. Senate for legislation that would impose 100% tariffs on imports from countries still purchasing Russian oil, specifically naming China and India.
“I’ll also be engaging with European counterparts. Europe has been vocal about sanctioning Russia, and we’ll be encouraging them to match that rhetoric with strong secondary tariffs,” Bessent said.
He added that the U.S. is preparing to unveil “a series of trade agreements” with various nations, potentially including Japan, despite political challenges and tough negotiations.
“I wouldn’t be surprised if we reach an agreement with Japan soon,” he said.
Bessent acknowledged that for most countries, existing tariffs could revert to pre-April 2 levels down from the current 10% though trade talks would continue in parallel.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
U.S. President Donald Trump said on Monday he expected Russian President Vladimir Putin to release more than 1,000 Ukrainian prisoners soon, after a trilateral meeting was set up with Ukrainian leader Volodymyr Zelenskyy.
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, according to federal officials.
A research team led by Tsinghua University has unveiled a groundbreaking method for making organs transparent, offering the most detailed view yet of the brain’s inner workings.
Chinese Foreign Minister Wang Yi arrived in New Delhi today for a closely watched round of bilateral discussions with senior Indian leaders, including External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval.
In Bolivia's first-round presidential election, voters decisively rejected the leftist party that has ruled the country for most of the past two decades, signaling a shift toward more market-friendly policies to address the nation's economic struggles.
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