Azerbaijani gas to be delivered to Syria under new swap deal
Azerbaijan will begin supplying 6 million cubic metres of gas to Syria this week under a swap deal with Türkiye, officials said, aiming to boost elec...
China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing twenty-five U.S. firms under export and investment restrictions.
COMMENTS:
WANG ZHUO, PARTNER AT HEDGE FUND ZHUOZHU INVEST, SHANGHAI
Raising tariff on China "will likely hurt the U.S. itself as it needs cheap Chinese products to bring down inflation. Higher tariffs on U.S. agriculture products will also negatively impact China", but countermeasures are politically necessary. "So, it would be wise to make some symbolic move without triggering an escalation in tensions."
DENNIS VOZNESENSKI, ANALYST, COMMONWEALTH BANK, SYDNEY
"Chinese tariffs on U.S. wheat and corn imports should be supportive for demand for Australian wheat and barley exports. However, China's recent slowdown in imports of feed grains from all origins should temper the excitement."
WAN CHENGZHI, ANALYST, CAPITAL JINGDU FUTURES, DALIAN CITY
"Considering that China's peak import period for U.S. soybeans has already passed, the impact of these countermeasures on the total volume of U.S. soybean imports is limited. Any price increases in the future are likely to be more of an emotional market response."
OLE HOUE, DIRECTOR OF ADVISORY SERVICES, IKON COMMODITIES, SYDNEY
"It is broadly negative for U.S. agricultural markets. It is going to have a bearish influence on prices. There are enough corn and soybean supplies in the world for China to make the switch, it is more of an issue for the U.S., 30% of U.S. soybeans still go to China."
EVEN PAY, AGRICULTURE ANALYST, TRIVIUM CHINA
"It's notable that Beijing's response is restrained. Trump has now imposed a total of 20% tariffs on all Chinese products. China's tariffs impact a limited number of U.S. products, and remain below the 20% level. This is by design. China's government is signalling that they do not want to escalate, they want to deescalate.
"It's fair to say we're in the early days of Trade War 2.0. There's still time and space to avoid a protracted, entrenched trade war if Trump and Xi can strike a deal."
ROSA WANG, ANALYST, SHANGHAI-BASED AGRO-CONSULTANCY JCI
"From the supply and demand perspective, the short-term impact on the domestic market won't be significant. The reasons are: 1. It is currently the South American soybean season, while the U.S. soybean is in the off-season; 2. The amount of U.S. soybeans purchased by China has decreased, and the proportion of U.S. soybeans in China's soybean imports has dropped to 17%.
"However, the large number of products involved this time will add further difficulties to China's aquatic product exports to the U.S., especially tilapia exports. With the additional 10% tariff, the tariff on tilapia exports to the U.S. will reach 45%, making it basically impossible to export to the U.S."
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'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.
Azerbaijan will begin supplying 6 million cubic metres of gas to Syria this week under a swap deal with Türkiye, officials said, aiming to boost electricity generation in the war-torn country.
Kazakhstan has once again come into the geopolitical spotlight, this time with American interests front and center.
Thailand has accused Cambodian forces of opening fire across the disputed frontier on Wednesday, the second reported violation since a Malaysia-brokered truce took effect at midnight on Monday.
At just 17 years old, Lamine Yamal is not only rewriting football’s record books, he’s rewriting what’s possible. From dazzling defences with Barcelona to setting records on the biggest international stages, this teenage phenomenon is already one of the most talked-about names in the sport.
Behind closed doors or at public summits, diplomacy quietly shapes our world. It’s more than handshakes, it’s about negotiation, persuasion, and preventing conflict. But how does diplomacy actually work, and what tools keep nations talking instead of fighting?
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment