Kazakhstan, Afghanistan to build new railway link connecting Central Asia and South Asia
Kazakhstan's Ministry of Transport and Afghanistan's Ministry of Public Works have reached an agreement on the construction of a new railway line to c...
Chinese state media warned on Tuesday that the United States could suffer significant economic harm as other countries retaliate against its tariffs with “high tariffs” on American goods.
Barely two months into his new term, Trump has already set off a chain reaction by imposing tariffs on imports from China, Canada, Mexico, and the European Union. In addition, the administration is threatening reciprocal tariffs on any country that taxes US imports, with these levies potentially coming into effect as early as April 2.
“In response to U.S. tariffs, its trading partners will not sit idly by,” the Global Times editorial declared, suggesting that retaliatory measures could include steep tariffs on US exports. The publication added that many countries might opt for such high tariffs as a means to counteract America’s aggressive trade policies.
China has already launched a series of countermeasures in February and March. These actions include imposing retaliatory levies on US agricultural and food exports, enforcing export and investment curbs on 25 US firms, suspending soybean import licenses for three US companies, halting imports of US logs, and even launching investigations into certain US fibre optic products.
To mitigate the impact of these external shocks on its domestic economy, China’s commerce ministry is reportedly preparing a series of measures to help foreign companies based in China expand their sales within the country. This comes as many nations seek to diversify their economic partnerships and reduce reliance on the United States by forging new trade alliances.
The escalating trade tit-for-tat reflects deepening global concerns about the US approach to trade policy, with critics warning that such reciprocal actions could ultimately hurt American industries and consumers. As the international community braces for a potential new wave of tariffs, the coming weeks could prove pivotal in shaping the future of global trade relations.
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.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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