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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 approves nearly $9 billion weapons sales to Israel, UAE and other allies amid Iran tensions

The US has fast-tracked nearly $9 billion in weapons sales to Israel, UAE and other allies as tensions linked to the Iran conflict continue despite a fragile ceasefire.

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Donald Trump statement

The United States has approved nearly $9 billion worth of weapons sales to key Middle Eastern allies, including Israel and the United Arab Emirates, amid ongoing tensions linked to the Iran conflict.

The decision, cleared by the administration of Donald Trump, includes expedited military transfers to Israel, the UAE, Qatar, and Kuwait. The approvals were granted under an emergency provision, allowing authorities to bypass the usual congressional review process.

Emergency clearance amid ongoing conflict

Officials said the move was necessary due to the evolving security situation in the region, particularly as the conflict involving Iran continues despite a fragile ceasefire. The war, which began earlier in 2026, has heightened instability across West Asia.

US Secretary of State Marco Rubio invoked emergency powers to fast-track the deals, citing urgent defence requirements for allied nations.

What the arms package includes

The approved package includes a mix of advanced defence systems and precision weapons:

  • Patriot missile defence replenishments worth over $4 billion for Qatar
  • Precision-guided weapon systems for multiple countries
  • Integrated battle command systems for Kuwait
  • Additional advanced weapons support for Israel and the UAE

The total value of these deals is estimated at over $8.6 billion, often rounded to nearly $9 billion.

Timing linked to iran war

The approval comes nearly nine weeks into the conflict involving the US, Israel, and Iran, with tensions still high despite a ceasefire that has been in place for several weeks.

Analysts note that the move signals continued US military backing for its regional allies, particularly in strengthening air defence and precision strike capabilities during uncertain conditions.

Criticism and concerns

The decision to bypass congressional oversight has drawn criticism from some quarters, particularly over transparency and the broader implications of increasing arms supplies in a conflict-prone region.

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Trump and Putin hold over 90-minute call, discuss Iran war and Ukraine conflict

Trump and Putin held a 90-minute call focusing on Iran tensions and the Ukraine conflict, with warnings over escalation and talks of ceasefire.

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Vladimir Putin and Donald Trump

US President Donald Trump and Russian President Vladimir Putin held a phone conversation lasting more than 90 minutes, focusing on escalating tensions in the Middle East and the ongoing war in Ukraine.

According to official statements, the discussion was described as “frank and businesslike,” with both leaders addressing key global security concerns. A major part of the conversation centred on the situation involving Iran and developments in the Persian Gulf.

Putin supported Trump’s decision to extend the ceasefire related to Iran, suggesting that continued restraint could create space for negotiations and help stabilise the region. However, he also issued a strong warning, stating that renewed military action by the United States or Israel could lead to “extremely damaging consequences” not only for Iran but for the wider international community.

Ukraine conflict also discussed

The leaders also discussed the ongoing war in Ukraine, which has continued for several years since Russia’s invasion in 2022. During the call, there were indications of potential efforts toward a temporary ceasefire, although no final agreement has been confirmed.

Reports suggest that the idea of a short-term pause in hostilities was explored, possibly linked to upcoming symbolic dates, but significant differences between the parties remain unresolved.

Focus on diplomacy amid global tensions

The call highlights ongoing diplomatic engagement between Washington and Moscow at a time of heightened geopolitical tensions involving both the Middle East and Eastern Europe.

While both sides acknowledged the importance of dialogue, the situation on the ground in both conflict zones remains complex, with no immediate resolution in sight.

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Trump rejects Iran peace plan as tensions rise, Tehran signals military readiness

Trump rejects Iran’s peace plan, keeping focus on nuclear concerns as Tehran signals readiness and tensions continue to rise.

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Donald Trump statement

U.S. President Donald Trump has rejected a proposal from Iran aimed at easing ongoing tensions, signaling a continued deadlock between the two countries.

The proposal reportedly included steps linked to easing restrictions around the Strait of Hormuz, a key global oil route. However, the United States declined the offer, maintaining that any agreement must address concerns related to Iran’s nuclear programme.

Washington has made it clear that resolving nuclear issues remains a priority and that partial measures without broader commitments will not be accepted.

Nuclear issue remains central

The U.S. position continues to focus on preventing Iran from advancing its nuclear capabilities. Officials believe that without a comprehensive agreement, temporary arrangements could delay a long-term resolution.

The rejection of the proposal indicates that negotiations remain stalled, with both sides holding firm on key demands.

Iran issues warning

Following the rejection, Iranian officials have issued strong statements, indicating readiness to respond if pressure from the U.S. continues.

Reports suggest that Iran has asserted its military preparedness, warning that any escalation could lead to serious consequences. The remarks reflect growing tensions as diplomatic efforts struggle to produce results.

Rising geopolitical tension

The situation remains volatile, with both countries engaged in a prolonged standoff. Measures such as restrictions on trade routes and strategic pressure points continue to impact the broader region.

The Strait of Hormuz remains a critical factor in the conflict, given its importance for global energy supplies.

Outlook uncertain

With no immediate breakthrough in sight, tensions between the United States and Iran are expected to persist. The lack of agreement on key issues, particularly the nuclear programme, continues to hinder progress toward de-escalation.

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