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US-China trade war: No winners in Cold war, Hot war, Trade war, says Xi Jinping

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us china trade war

[vc_row][vc_column][vc_column_text]There are no winners in wars, whether ‘hot’, ‘cold’ or in trade, Chinese President Xi Jinping said today (Saturday, November 17), at a business conference ahead of Asia-Pacific Economic Cooperation (APEC) summit.

“History has shown that confrontation — whether in form of cold war, hot war or trade war — will produce no winners,” Xi said. The US-China trade war is expected to dominate the APEC summit in Papua New Guinea.

Jinping also defended China’s ‘Belt and Road’ infrastructure initiative, insisting it was “not a trap” amid criticism from the United States among others.

“It is not designed to serve any hidden geopolitical agenda, it is not targeted against anyone and it does not exclude anyone… nor is it a trap as some people have labelled it,” Xi told business leaders.

Xi called for nations to uphold a rules-based order led by the World Trade Organization. Xi said the world should “uphold the WTO-centred multilateral trading system, make economic globalisation more open, inclusive, balanced and beneficial to all.”

“Attempts to erect barriers and cut close economic ties work against the laws of economics and the trends of history. This is a short-sighted approach and it is doomed to failure,” Xi told business leaders on the sidelines of the summit. We should say no to protectionism and unilateralism,” Xi said, in a veiled swipe at the ‘America First’ policies of Donald Trump’s administration, warning that those who close their doors “will only cut himself off from the rest of the world and lose his direction.”

Protectionism and unilateralism were overshadowing global growth, and a policy of erecting economic barriers was doomed to fail, Xi said.

US Vice President Mike Pence – who spoke at the forum directly after Xi – said the tariffs were a response to the “imbalance” with China. The US has so far imposed tariffs on $250 billion in Chinese imports. In retaliation, China has slapped tariffs on $110 billion in imports from the U.S. and effectively shut off its purchase of key American agricultural exports including soybeans.

“The United States, though, will not change course until China changes its ways,” he said.

Pence later said he was prepared to “more than double” the tariffs imposed on Chinese goods. His comments come a day after President Donald Trump told reporters he was confident a deal between China and the US “will be made”.

However, he said a number of key issues had not been included on a list for negotiation ahead of next month’s G20 summit in Argentina, meaning it was “not acceptable” yet to the president.

The president has made similar comments previously.

Pence began his speech by saying the US commitment to the Indo-Pacific had never been stronger. He criticized infrastructure funding that saddled developing nations with debt and took a swipe at China’s Belt and Road Initiative.

“The United States offers a better option. We don’t drown our partners in a sea of debt,” he said. “We don’t offer a constricting belt or a one-way road.”

Xi defended his country’s massive ‘Belt and Road’ infrastructure initiative amid attacks that it is akin to ‘chequebook diplomacy’ to further Chinese interests in the region.

“It is not designed to serve any hidden geopolitical agenda, it is not targeted against anyone and it does not exclude anyone… nor is it a trap as some people have labelled it,” he said.

APEC members the US and China have become embroiled in a trade war that experts warn could be catastrophic for the global economy, with the world’s top two powers going head to head.

Both the countries have imposed tariffs worth billions of dollars of each other’s goods and there is little sign of an immediate easing in tensions, with both sides threatening to step up action if necessary.

US President Donald Trump has decided to skip the APEC summit, which some critics say has left the stage free for China to bolster its influence in the region.

In contrast to Trump, Xi arrived two days before the summit, opening a new road and a school in Port Moresby and holding talks with Pacific Island leaders.

In the absence of Trump and Russian President Vladimir Putin, the summit has been relatively low key and the focus has turned to the venue Port Moresby.

Officially, the 21 leaders from Asia-Pacific countries will discuss improving regional economic cooperation under the theme of “embracing the digital future” but trade tensions are likely to dominate.

Foreign ministers meeting ahead of the summit were unable to publish a joint statement, apparently due to differences over language on World Trade Organization reform.

The capital of Papua New Guinea has been ranked as one of the least liveable cities for ex-pats, with a high level of crime, often perpetrated by feared street gangs known as “raskols”.

Delegates have been advised not to venture out alone — especially after dark — and officials and journalists have been hosted on massive cruise ships moored in the harbour due to safety issues and a dearth of hotel rooms.

The run-up to the summit was also overshadowed by the purchase of 40 luxury Maserati cars which sparked anger in the poverty-hit country which suffers from chronic healthcare and social problems.[/vc_column_text][/vc_column][/vc_row]

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Netanyahu dismisses death rumours in video with US envoy, says I’m alive

Israel PM Benjamin Netanyahu has denied viral claims about his death, appearing in a video with US envoy Mike Huckabee and mocking online conspiracy theories.

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PM Benjamin Netanyahu

Israeli Prime Minister appears alongside US envoy, addresses conspiracy theories and ongoing conflict remarks

Israel’s Prime Minister Benjamin Netanyahu has publicly dismissed viral rumours about his death, appearing in a fresh video alongside US Ambassador to Israel Mike Huckabee.

The video surfaced after days of speculation online, where misleading posts questioned his absence and circulated claims about altered footage showing him with “six fingers.”

In the clip, Huckabee jokes that US President Donald Trump had asked him to personally check on Netanyahu. Responding with humour, Netanyahu says, “Yes, Mike. Yes, I’m alive.”

Rumours and online claims gain traction

Speculation had intensified across social media as tensions escalated between Israel and Iran.

Some posts claimed Netanyahu had not been seen publicly, while others pointed to a previous video where his hand appeared unusual, fuelling conspiracy theories about manipulated or AI-generated footage.

Remarks on iran conflict

During the interaction, Netanyahu also made comments referencing Israeli strikes, mentioning Iranian figures including Ali Larijani and Basij commander Gholamreza Soleimani.

Using a metaphorical tone, he spoke about “erasing names” from a list, while praising US support and reiterating Israel’s stance against Iran’s nuclear ambitions.

Huckabee responded in a lighter tone, joking that his own name was not on the list, to which Netanyahu replied that he was among the “good guys.”

Earlier video mocked conspiracy

Before releasing this clip, Netanyahu had already addressed the rumours in another video posted online. Sitting at a café, he joked about being “dead for coffee,” using a phrase implying strong liking.

He also directly responded to the “six fingers” claim by showing both hands to the camera and inviting viewers to count his fingers.

The videos appear aimed at countering misinformation circulating online as geopolitical tensions continue in the region.

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US strikes Iranian missile sites near Hormuz with 5,000-pound bunker buster bombs

US forces hit Iranian missile positions near the Strait of Hormuz using deep penetrator bombs to counter threats to global shipping.

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In a major escalation aimed at restoring maritime movement, the United States has carried out airstrikes on Iranian missile positions near the Strait of Hormuz using powerful deep-penetration bombs.

The US military confirmed that multiple 5,000-pound bunker buster munitions were used to target hardened missile infrastructure along Iran’s coastline. According to an official statement, the sites housed anti-ship cruise missiles that posed a significant threat to international shipping in the strategic waterway.

The strikes mark the first major US military action to reopen the Strait of Hormuz after Iran reportedly shut it down in response to the ongoing conflict involving the United States and Israel.

Strait disruption triggers global concern

The Strait of Hormuz is a critical global النفط transit route, with nearly one-fifth of the world’s oil supply passing through it. Its closure has severely disrupted shipping activity and triggered a sharp rise in global energy prices.

The US action appears to be aimed at neutralising immediate threats to vessels and restoring safe passage through the region.

Allies reluctant to back US move

The development comes amid reports that several US allies, including NATO members, have declined calls from President Donald Trump to support efforts to secure the strait.

Expressing frustration, Trump criticised allies for not contributing even limited resources such as minesweepers, despite longstanding US support to NATO. He maintained that preventing Iran from acquiring nuclear weapons remains a priority for global security.

However, Iran has consistently denied pursuing nuclear weapons, stating that its nuclear programme is intended solely for peaceful purposes, including energy production.

Use of bunker buster bombs

The bombs used in the operation are designed to destroy fortified or deeply buried targets. These 5,000-pound munitions, often referred to as bunker busters, are capable of penetrating hardened structures before detonation.

While powerful, they are smaller compared to the 30,000-pound bombs reportedly used by the US in previous strikes on Iranian nuclear facilities.

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Top US counterterrorism official resigns over Iran war, cites conscience

Joseph Kent steps down as US counterterrorism chief, questioning the justification for the Iran war and citing moral concerns.

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Trump official resigns

A senior US national security official has stepped down in protest against the ongoing war with Iran, citing moral concerns and disagreement with the administration’s decision.

Joseph Kent, who headed the National Counterterrorism Center, resigned from his post, stating he could not support the conflict “in good conscience.” In his resignation letter, Kent argued that Iran did not pose an “imminent threat” to the United States.

He also alleged that external pressure, particularly from Israel and influential pro-war voices, played a role in shaping the decision to enter the conflict under President Donald Trump.

“I cannot in good conscience support the ongoing war in Iran,” Kent wrote, adding that the US had been drawn into the conflict despite a lack of direct threat.

Kent further claimed that a “misinformation campaign” by senior Israeli officials and sections of the American media contributed to building support for military action. According to him, this created an “echo chamber” that influenced the president’s perception of Iran as an immediate danger.

In his letter, Kent said that until mid-2025, Trump had acknowledged that prolonged wars in the Middle East had drained US resources and cost lives. However, he suggested that this position shifted under sustained pressure and messaging.

He urged the president to reconsider the course of action, warning that the conflict could push the country toward instability. “You can reverse course and chart a new path for our nation, or allow us to slip further toward decline and chaos,” he wrote.

Kent’s resignation marks the first high-level departure from the administration directly linked to the Iran war.

As head of the National Counterterrorism Center, Kent was responsible for analysing and monitoring terrorist threats. His tenure, however, had been controversial. He was confirmed to the role last year by a narrow Senate vote, facing strong opposition from Democrats over his past associations.

Critics had raised concerns about his links to far-right figures and his stance on conspiracy theories. During his earlier political campaign, Kent had professional associations with individuals connected to extremist groups, which became a point of contention during his confirmation hearings.

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