U.S. President Donald Trump signaled support for steep tariffs on Chinese imports, calling 80% levies “right” ahead of high-level trade talks in Geneva aimed at easing escalating tensions between Washington and Beijing.
U.S. President Donald Trump said on Friday that an 80% tariff on Chinese imports “seems right,” just as senior officials from both nations prepare for weekend trade negotiations in Switzerland - seen as a possible first step in easing a deepening trade conflict.
"China should open up its market to USA - would be so good for them!!! Closed markets don’t work anymore!!!" Trump wrote on his Truth Social platform. He added, “80% tariff on China seems right. Up to Scott B.”
U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer are expected to meet with China’s top economic official, He Lifeng, in Geneva. Trump administration officials view the talks as a possible turning point in the trade war between the world’s two largest economies.
Since returning to office in January, Trump has ramped up tariffs on Chinese imports to 145%, building on duties imposed during his first term and those enacted under the Biden administration.
China has responded with countermeasures, including export restrictions on select rare earth materials and tariffs of up to 125% on U.S. products. Additional duties have also been placed on key American exports such as soybeans and liquefied natural gas.
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Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
The U.S. State Department approved a $2.7 billion military sale to Ukraine for air-defence development upgrades, along with related equipment and services, the department said. Meanwhile, Ukrainian authorities reported at least 10 people had died in Russian attacks over the last 24 hours.
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
German voters cast ballots on Sunday in two state elections that could add to the political pressure on Chancellor Friedrich Merz, as his government faces growing public frustration and a resurgent far right.
Iraq has returned restricted airspace across the western part of the country to civilian authorities, ending limits imposed for military operations against Islamic State since 2016, the Transport Ministry said.
Denmark and Greenland have moved to reassure the public that their sovereignty will remain intact under a new security agreement with the United States.
World leaders are set to gather at the United Nations General Assembly in New York for several days of high-level debate, with Iran, Ukraine, artificial intelligence (AI) and a range of global crises expected to dominate discussions this week.
Ed Sheeran has broken his silence on the controversy surrounding his U.S. tour, apologising for decisions made after rapper Macklemore was removed from the line-up over his public support for Palestine.
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