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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European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
BMW is recalling more than 720,000 vehicles in the U.S. over a fire risk, warning owners to park outside and away from buildings until repairs are completed. The recall follows 10 reported fires involving cars previously repaired for the same fault.
The United Nations Children’s Fund (UNICEF) says 3.7 million children in Afghanistan are suffering from acute malnutrition, as worsening drought and funding shortages threaten to deepen the crisis amid the COP31 climate summit in Türkiye.
A consortium of Türkiye’s Limak and Qatar’s HBK Contracting has won an international tender to build and operate a new airport terminal in Bukhara, Uzbekistan, under a 23-year public-private partnership, with the project potentially costing up to $300 million.
Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
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