Kazakhstan, Tajikistan set $2B trade goal, vow closer cooperation
Kazakhstan and Tajikistan pledged to expand cooperation and strengthen regional stability during Kazakh Foreign Minister Murat Nurtleu’s official vi...
The U.S. and China have a framework trade deal on rare earths. Trump calls the deal "done," but it awaits final approval from both leaders.
High-level trade talks between the United States and China in London this week have culminated in what is being described by officials as a "framework" agreement. The discussions, held at Lancaster House on Monday and Tuesday, centred on critical economic issues, including U.S. access to Chinese rare earth minerals and magnets, and Chinese access to U.S. technology.
Following the negotiations, President Donald Trump announced on his Truth Social platform that a deal with China is "done," pending final approval from himself and Chinese President Xi Jinping. In his post, Trump stated, "OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA."
He further added, "LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS U.S.ING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!"
While Trump has characterised the agreement as definitive, reports from various international news outlets describe the outcome as an "agreement in principle." Officials from both sides have indicated that the framework will now be presented to their respective leaders for final endorsement.
The talks in London aimed to de-escalate ongoing trade tensions between the two economic giants. The issue of rare earth minerals, which are crucial for numerous high-tech manufacturing sectors in the U.S., was a key point of negotiation.
The proposed tariff rates mentioned by Trump—55% for the U.S. and 10% for China—would mark a significant development in the trade relationship. The mention of facilitating access for Chinese students to U.S. universities addresses another point of recent friction.
Chinese officials have also confirmed that a consensus on a framework was reached. However, their public statements have emphasised that the agreement is a preliminary step and requires further approval. The relationship between the two nations has been strained, with both sides imposing tariffs and restrictions on various goods and technologies. This latest development, though its finality is depicted differently by Trump and official reports, suggests a potential pathway to resolving some of the major trade disputes.
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.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Kazakhstan and Tajikistan pledged to expand cooperation and strengthen regional stability during Kazakh Foreign Minister Murat Nurtleu’s official visit to Dushanbe this week.
European Union defence ministers have backed plans to expand military training operations inside Ukraine after any ceasefire, EU foreign policy chief Kaja Kallas confirmed on Friday.
Houthi Prime Minister Ahmed al-Rahawi was reportedly killed alongside several of his associates in the recent Israeli strikes in Yemen according to reports from local media.
Russian President Vladimir Putin will travel to China next week for talks with President Xi Jinping, to attend a regional security summit, and to appear as Xi’s “main guest” at a military parade on Beijing’s Tiananmen Square, the Kremlin announced on Friday.
U.S. President Donald Trump has cancelled Secret Service protection for Democratic Presidential candidate and former Vice President, Kamala Harris according to a senior White House official.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment