Trump says Xi told him China would not invade Taiwan while he is president
U.S. President Donald Trump said on Friday that Chinese President Xi Jinping assured him China would not invade Taiwan during Trump’s presidency, ad...
Five countries, the European Union, and global airlines have urged the Trump administration to avoid imposing new national security tariffs on imported commercial planes and parts, citing potential damage to trade and aviation industries, according to documents released on Tuesday.
Airlines and plane manufacturers have lobbied President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement, which has resulted in a $75 billion annual trade surplus for the U.S. aerospace industry.
In a separate filing, U.S. planemaker Boeing pointed to a recent trade agreement with the UK, which ensures tariff-free treatment for aircraft and parts. Boeing argued that the U.S. should secure similar duty-free terms in any future trade agreements, as it did with Britain.
The documents also revealed concerns from nations such as Canada, China, Japan, Mexico, and Switzerland, as well as the European Union, over the potential consequences of new tariffs. Mexico, for example, exported $1.45 billion in aircraft parts to the U.S. in 2024, a small portion of the total trade. The EU reported U.S. aircraft exports worth around $12 billion, while exporting about $8 billion in aircraft to the U.S.
In May, the U.S. Commerce Department launched a "Section 232" national security investigation into imports of commercial aircraft, jet engines, and parts, which could lead to higher tariffs.
China criticized the potential tariffs, stating that no country or region should support the growth of its domestic aircraft industry by suppressing foreign competitors. The EU also expressed concerns, urging the U.S. to strengthen its trade in aircraft and parts, rather than imposing trade restrictions.
Trump has already imposed a 10% tariff on nearly all aircraft and parts imports.
Delta Air Lines and major trade groups have warned that these tariffs could increase ticket prices, impact aviation safety, and disrupt supply chains.
Airbus Americas CEO Robin Hayes also expressed concerns, stating that it is neither realistic nor sensible to aim for a completely domestic supply chain in any country.
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.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
U.S. President Donald Trump said on Friday that Chinese President Xi Jinping assured him China would not invade Taiwan during Trump’s presidency, adding that Xi described himself and China as “very patient.”
Brazilian President Luiz Inacio Lula da Silva said on Friday that foreign companies are welcome to do business in Brazil, speaking at the opening of a Chinese automaker’s factory in Sao Paulo state.
Serbian police used teargas and crowd control vehicles in Belgrade on Friday evening to disperse anti-government protesters who threw firecrackers and flares at officers, marking a sharp escalation in the nine-month-long demonstrations.
Latest round of peace talks aimed at ending the war in Ukraine appear to have yielded no concrete results even as President Trump remains hopeful.
Gold prices were steady on Friday but remained on track for a weekly decline, as stronger-than-expected U.S. inflation data dampened expectations for interest rate cuts and shifted market attention to the meeting between U.S. President Donald Trump and Russian President Vladimir Putin.
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