Friday, May 30, 2025

Trump says China is violating its trade agreement with the U.S.New Foto - Trump says China is violating its trade agreement with the U.S.

President Trump on Friday said that China is violating a trade agreement with the U.S., just weeks after the two countries agreed to atemporary but significant easingof tariffs imposed on each other's imports earlier in the year. Mr. Trump didn't specify in what way he believes China is violating the agreement. On May 12, the two nations committed to a 90-day suspension of most of the levies imposed since early April. Under the agreement, the U.S. reduced tariffs on Chinese goods to about 30% from 145%, while China reduced its levies on American imports to 10%. "I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual," Mr. Trump wrote on Friday morning on his Truth Social app. He added, "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" —This is breaking news and will be updated. How Karen Read's retrial had differed as the prosecution rests its case FBI offers reward for information leading to arrest of ex-police chief who escaped prison Alleged crypto kidnappers had two NYPD detectives working as security, sources say

Trump says China is violating its trade agreement with the U.S.

Trump says China is violating its trade agreement with the U.S. President Trump on Friday said that China is violating a trade agreement wit...
US goods trade deficit narrows sharply in April as imports plungeNew Foto - US goods trade deficit narrows sharply in April as imports plunge

WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded. The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department's Census Bureau said on Friday. Goods imports decreased $68.4 billion to $276.1 billion. Exports of goods increased $6.3 billion to $188.5 billion. A rush to beat import duties pushed the goods trade deficit to a record high in March. The front-running of imports is probably not over. Higher duties for most countries have been postponed until July, while those for Chinese goods have been delayed until mid-August amid negotiations between President Donald Trump's administration and trade partners. Economists said that could see some businesses trying to bring in more imports given the lack of clarity about what happens after the 90-day pauses. Adding to the uncertainty, a U.S. trade court on Wednesday blocked most of Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday. A record trade gap accounted for a large part of the 0.2% annualized rate of decline in gross domestic product in the first quarter. (Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)

US goods trade deficit narrows sharply in April as imports plunge

US goods trade deficit narrows sharply in April as imports plunge WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed sharply in ...
Karen Read trial live updates: Defense ready to present its caseNew Foto - Karen Read trial live updates: Defense ready to present its case

Testimony is expected to resume Friday inKaren Read's second murder trial,as the Massachusetts woman's defense team prepares to present its case to the jury. On Thursday, prosecutors finishedhighlighting evidencethey believe showed that Read, 45, struck her Boston police officer boyfriend, John O'Keefe, with her SUV and left him for dead in the snow outside another cop's home after a night of heavy drinking with friends in 2022. The former finance professor has been charged with second-degree murder, manslaughter and leaving the scene of a crime. Like true crime? Check out Witness: A library of true crime stories But her defense team alleges the car crash at the center of the prosecutor's case never even happened. More:Karen Read claims police bungled the investigation. What did they supposedly do wrong? They say Read was framed for O'Keefe's murder ina conspiracy theorydeveloped by Massachusetts police officers, who they say beat O'Keefe, set a ravenous dog on him and then dropped his battered body on a pile of snow during a burgeoning blizzard. So far, Read's lawyers have built their case by fiercely questioning the prosecution's witnesses, often sewing doubt into the reliability of evidence they've presented. Now, they will begin trying to convince jurors of their own version of the events that led up to O'Keefe's death on January 29, 2022. The strategy is nearly identical to that used by the defense team in Read's first trial, whichended in a hung juryin 2024. CourtTV has been covering the case against Read and the criminal investigation since early 2022, when O'Keefe's body was found outside a Massachusetts home. You can watchCourtTV's live feed of the Read trialproceedings from Norfolk Superior Court in Dedham, Massachusetts. Proceedings began at 10 a.m. ET. This article originally appeared on USA TODAY:Karen Read trial live updates: Defense team ready to present its case

Karen Read trial live updates: Defense ready to present its case

Karen Read trial live updates: Defense ready to present its case Testimony is expected to resume Friday inKaren Read's second murder tri...
New Zealand hails 'breakthrough' in trade talks with India, but no timeline for dealNew Foto - New Zealand hails 'breakthrough' in trade talks with India, but no timeline for deal

NEW DELHI (AP) — New Zealand's deputy prime minister said on Friday that talks over afree trade agreementbetween his country and India were ongoing, but he didn't provide a timeline for when the two nations could eventually sign a deal. Winston Peters, who is on a two-day visit to India, said that the negotiations were "going with real meaning now," calling them "a breakthrough in our economic relationship." India and New Zealand began negotiations in March for a trade pact, and had aimed to sign a deal in 60 days. The deal will significantly bolster economic ties between the two countries, but it has faced delays because of differences over tariffs on dairy products. Bilateral trade between India and New Zealand stood at $1.7 billion in the 2023-24 financial year. Talks between India and New Zealand were taking place amid global trade tensions, after U.S.President Donald Trump's decision to impose now-paused reciprocal tariffs on imported goods from several countries, including India. Earlier this month, India and the United Kingdomclinched a trade deal. India is also engaged in trade talks with Washington. Peters, who met with India's Group of 20 emissary, Amitabh Kant, in New Delhi, said that India was New Zealand's 12th-largest partner in trade and "we are determined that we're going to work to change that." "Our strengths, from food and beverage products to agriculture, forestry, horticulture, education and tourism are world class. And our innovation in areas like outer space and renewable energy will find a welcoming partner in India," he said. Peters said that the relationship between the two countries extended to defense and security, calling it a "priority for New Zealand in the Indo-Pacific." "During a time of great uncertainty, instability and disorder, we have taken steps to work more closely on matters of defense and security with India," he said.

New Zealand hails 'breakthrough' in trade talks with India, but no timeline for deal

New Zealand hails 'breakthrough' in trade talks with India, but no timeline for deal NEW DELHI (AP) — New Zealand's deputy prime...
Macron will kick off Singapore security conference with Hegseth in attendanceNew Foto - Macron will kick off Singapore security conference with Hegseth in attendance

SINGAPORE (AP) —French President Emmanuel Macronand U.S. Defense Secretary Pete Hegseth are among the world leaders, diplomats and top defense officials in Singapore this weekend for a security forum that will focus on China's growing assertiveness, the global impact ofRussia's war on Ukraineand the flare-up of conflicts in Asia. Macron opens the conference with a keynote address Friday night that is expected to touch on all of those issues, as well as the pressure thehefty tariffs announced by U.S. President Donald Trump's administrationis putting on Asian allies. It's Hegseth's first time to the Shangri-La Dialogue, hosted by the International Institute for Security Studies, which is taking place against the backdrop of heightened rhetoric between Beijing and Washington. The Trump administration has threatened China with triple-digittariffs, and there's some uncertainty in the region over how committed the U.S. is to the defense of Taiwan, which also faces possible32% American tariffs. China claims the self-governing democracy as its own, and Chinese President Xi Jinping has not ruled out taking it by force. China sends military aircraft, ships and spy balloons near Taiwan as part of a campaign of daily harassment, and currently has an aircraft carrier in the waters southeast of the island. Hegseth told reporters before he boarded his plane for Singapore that Washington's policies were meant to deter a Chinese invasion of Taiwan. "We seek no conflict with anybody, including the Communist Chinese," he said. "We will stay strong for our interests. And that's a big part of what this trip is all about." China, which usually sends its defense minister to the Shangri-La forum, sent a much lower level delegation instead, represented by Maj. Gen. Hu Gangfeng, the vice president of the People's Liberation Army National Defense University. The delegation was expected to speak Saturday on a panel on "cooperative maritime security" alongside representatives from Japan, Vietnam, Chile and the U.K. — notable in that China's aggressive global fisheries tactics have been a regular topic of concern not only in the Indo-Pacific but as far away as Latin America and the Arctic. Defense officials traveling with Hegseth, who spoke on the condition of anonymity because they were not authorized to speak to the media, called the absence of a higher-level Chinese delegation an opportunity for the U.S. to make inroads. "We can't account for whether China engages or not. All we know is that we're here. And we will be here," Hegseth said as he met with Philippine Defense Secretary Gilbert Teodoro. Allies are worried about US commitment to their defense Hegseth's trip to Singapore is his second to the region since becoming defense secretary, following aMarch visit to the Philippines, which has seen escalating confrontations with China over competing territorial claims in the South China Sea. That trip, which also included a stop in Japan, brought a degree of relief over growing concerns from the Philippines and others in the region about U.S. support from a president who has taken more of a transactional approach to diplomacy and seems wary of foreign engagements. The U.S. has been pursuing a "free and open Indo-Pacific" policy, which includes regularly sailing warships through the Taiwan Strait and in the South China Sea, which isclaimed almost in its entirety by China. The European Union has adopted a more economics-driven approach, but several European nations have also regularly taken part in the freedom of navigation exercises, including France, which sent a carrier strike group on a five-month mission through the Indo-Pacific that concluded in April. France steps up its presence in Indo-Pacific In its publishedIndo-Pacific strategy, France has underscored the need to "preserve a rules-based international order" in the face of "China's increasing power and territorial claims" and its global competition with the United States. France's own ties to the Indo-Pacific are strong, with more than 1.6 million of its citizens living in the region in French overseas territories. Following a meeting Friday with Singapore's Prime Minister Lawrence Wong, Macron told reporters there was room in the region for more than just the two superpowers. "We are neither China nor the U.S., we don't want to depend on any of them," he said. "We want to cooperate with both as far as we can, and we can cooperate for growth and prosperity and stability for our people and the world order, and I think this is exactly the same view of a lot of countries and a lot of people of this region." Wong underscored Macron's point, saying that Singapore and the greater region were not looking for exclusive arrangements with any single power. "We want to embrace comprehensive engagement with all parties and embrace win-win arrangements rather than zero-sum competition," he said. In his speech later, Macron is expected also to stress that the war in Ukraine is having a worldwide impact and that Russia seeks to destabilize Asia, the French president's office said. While democracies from the region, including Australia, South Korea and Japan, have been aiding Ukraine, China has been growingly supportive of Russia and North Korea has sent troops to fight for Moscow. The conference comes ascivil war continues to ragein Myanmar, creating a massive humanitarian crisis that has only been compounded by the effects of adevastating earthquakethat hit in March. It also follows the outbreak of violence this week on the Thai-Cambodian border, in which a Cambodian soldier was killed in a brief exchange of fire between the two sides. Thailand and Cambodia have a long history of land disputes, though Thailand said after the short skirmish that the situation had been resolved. Of greater concern, nuclear-armed neighborsIndia and Pakistan came to the brink of warearlier this month in their most serious military confrontation in decades. The two armies exchanged gunfire, artillery strikes, missiles and drones that killed dozens of people, andPakistan shot down several Indian planesbefore a truce was declared. _____ Associated Press writer Sylvie Corbet in Paris contributed to this report.

Macron will kick off Singapore security conference with Hegseth in attendance

Macron will kick off Singapore security conference with Hegseth in attendance SINGAPORE (AP) —French President Emmanuel Macronand U.S. Defen...

 

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