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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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Trump says Iran agrees to never have nuclear weapons, rejects $300 billion fund claim

Donald Trump said Iran has agreed to never possess nuclear weapons under a proposed framework, while dismissing reports that the US would provide Tehran with a $300 billion reconstruction fund.

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Donald Trump statement

US President Donald Trump has said that Iran has agreed to a commitment that it will never develop or possess nuclear weapons, describing it as a central element of a proposed understanding between Washington and Tehran.

Speaking about the ongoing diplomatic efforts, Trump also rejected reports suggesting that the United States planned to provide Iran with a reconstruction or investment package worth $300 billion. He described such claims as false and said no such arrangement had been agreed.

The remarks come as discussions continue over a broader framework aimed at easing tensions between the two countries. According to Trump, the understanding would ensure that Iran remains without nuclear weapons while opening the door for future engagement if the terms are respected.

Questions remain over final agreement details

Despite Trump’s comments, several aspects of the proposed arrangement remain unclear because the full text of the agreement has not yet been made public.

Reports indicate that negotiations have involved discussions on sanctions relief, access to frozen assets and potential economic measures linked to Iran’s compliance with future commitments. However, the exact scope of these provisions has not been officially confirmed.

Another key issue is how compliance would be monitored. Details regarding inspections, verification mechanisms and the handling of Iran’s existing nuclear materials have yet to be fully explained.

Further negotiations expected

Officials have suggested that discussions on technical nuclear matters could continue even after the signing of an initial memorandum of understanding. Such talks would likely focus on implementation and verification measures.

The proposed framework is being closely watched internationally, as any agreement between the United States and Iran could have significant implications for regional stability and global non-proliferation efforts.

For now, Trump has maintained that the core objective remains clear: ensuring that Iran never acquires a nuclear weapon while denying reports that Washington has committed to a multibillion-dollar reconstruction fund.

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USA start FIFA World Cup 2026 with dominant 4-1 victory over Paraguay

The USA opened their FIFA World Cup 2026 journey with a dominant 4-1 victory against Paraguay, earning three valuable points in Group D.

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The United States kicked off their FIFA World Cup 2026 campaign in impressive fashion, securing a commanding 4-1 victory over Paraguay in their Group D opener at SoFi Stadium in Los Angeles.

Playing in front of a passionate home crowd, the hosts delivered an attacking display to collect all three points and make an early statement in the tournament. The match also marked a significant occasion as the USA hosted part of the World Cup opening festivities before turning attention to the action on the pitch.

The Americans took control early and maintained pressure on Paraguay throughout the contest. Their attacking movement and clinical finishing helped them establish a comfortable lead, while Paraguay struggled to contain the hosts’ pace and creativity in the final third.

USA seize control after fast start

The United States settled quickly and found success going forward, creating several opportunities through quick passing and aggressive pressing. Their attacking approach paid off as they built momentum and gradually stretched Paraguay’s defence.

Paraguay attempted to respond and managed to get on the scoresheet, but the South American side found it difficult to match the intensity shown by the hosts. The USA continued to create chances and added further goals to put the result beyond doubt.

With the victory, the United States moved to the top section of Group D and gained an important boost in confidence ahead of their upcoming fixtures in the tournament.

Strong opening result for hosts

A winning start is particularly important in a World Cup campaign, and the USA achieved exactly that with a comprehensive performance. The result gives the hosts valuable momentum as they prepare for the next stage of group play.

For Paraguay, the defeat means they will need a strong response in their remaining group matches to keep their hopes of progressing to the knockout rounds alive.

The FIFA World Cup 2026 is being jointly hosted by the United States, Canada and Mexico, with the tournament featuring an expanded format and more participating teams than previous editions.

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Jaishankar raises deaths of three Indian sailors with Marco Rubio, lodges strong protest

External Affairs Minister S Jaishankar conveyed India’s strong protest to US Secretary of State Marco Rubio over an attack that killed three Indian sailors, stressing that lethal action against commercial shipping is unjustified.

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External Affairs Minister S. Jaishankar on Saturday spoke with Marco Rubio and conveyed India’s strong protest over recent attacks on commercial vessels in the Gulf that resulted in the deaths of three Indian sailors.

According to reports, Jaishankar told Rubio that the use of lethal force against commercial shipping was not justified and underlined India’s serious concerns regarding the safety of civilian seafarers operating in the region. The conversation came days after three Indian mariners were killed in an attack on the Palau-flagged tanker Settebello near the Oman coast.

The incident has triggered diplomatic engagement between New Delhi and Washington. India had earlier summoned a senior US diplomat to register its concerns and seek accountability following the attack. The Ministry of External Affairs has emphasized that actions endangering civilian shipping undermine maritime safety and stability in a strategically important region.

India reiterates concern over maritime safety

India has stressed the importance of protecting civilian seafarers and ensuring the security of international maritime commerce. Officials have expressed concern over multiple incidents involving Indian crew members in West Asian waters in recent days.

The deaths of the three sailors have also sparked calls within India for stronger diplomatic efforts to safeguard Indian nationals working aboard commercial vessels in conflict-affected maritime zones.

Background of the incident

The attack involved the tanker Settebello, which was operating near Oman when it was struck during ongoing tensions linked to the conflict involving Iran and maritime operations in the Gulf region. Initial reports indicated that Indian crew members were among those affected, and later confirmations established that three Indian sailors had died in the incident.

India has maintained that civilian shipping should not become a target and has continued diplomatic outreach to ensure the safety and welfare of Indian seafarers working across global shipping routes.

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