China to impose export restrictions on steel
China’s Ministry of Commerce announced on Friday that it will introduce a licensing system for steel exports starting in 2026, covering around 300 s...
Senior U.S. and Chinese officials convened in Geneva over the weekend for in-depth discussions aimed at easing the trade tensions between the two economic powerhouses.
High-level delegations from the United States and China met in Geneva, resuming talks to address the ongoing trade war that poses risks to the global economy, sources told Reuters.
On Saturday, Chinese Vice Premier He Lifeng engaged in an eight-hour meeting with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer. This marked their first in-person discussion since both nations imposed significant tariffs exceeding 100% on one another's goods.
Neither side disclosed details about the discussions or indicated substantial progress in lowering trade barriers as the talks concluded at the Swiss ambassador’s residence in Geneva.
Later, U.S. President Donald Trump described the meeting as constructive. “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to,” he posted on his Truth Social platform, adding, “GREAT PROGRESS MADE!!!” without providing further specifics.
The talks were held at the U.N. ambassador's villa in the scenic Cologny suburb, chosen after Swiss officials facilitated the arrangement during visits to the U.S. and China.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Türkiye’s President Recep Tayyip Erdoğan and Pakistani Prime Minister Shahbaz Sharif held talks on Friday during the International Peace and Trust Forum in Ashgabat, Turkmenistan, focusing on bilateral relations as well as regional and global issues
Hungary has strongly criticised NATO Secretary-General Mark Rutte’s warning that Russia could be capable of attacking the alliance within five years, with Foreign Minister Péter Szijjártó describing the remarks as irresponsible and dangerous.
Thailand and Cambodia have agreed to halt all shooting from Friday evening following renewed fighting along their shared border, U.S. President Donald Trump said on Friday.
China’s Ministry of Commerce announced on Friday that it will introduce a licensing system for steel exports starting in 2026, covering around 300 steel products.
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