English हिन्दी
Connect with us

Latest world news

US initiated Trade Tariff War escalates with China, EU

Published

on

US initiated Trade Tariff War escalates with China, EU

Mexico and Canada also retaliate with additional tariff on US imports 

The trade tariff war initiated by US President Donald Trump with Canada, Mexico, EU and China has been escalating. Trump has given his approval to put tariffs on $50 billion of Chinese exports while EU has endorsed a plan to impose import duties on $3.3 bn worth of US products on Thursday.

CNN, quoting a source with knowledge of the situation has reported that President’s approval for US to put on $50 bn of Chinese exports came after a meeting Thursday with top economic officials, including Treasury Secretary Steven Munchin, Commence Secretary Wilbur Ross and US Trade Representative Robert Lighthizer. The announcement is expected on Friday.

The report says that the move represents a serious escalation of trade tensions between the world’s two largest economies — just as Trump has also picked fights with allies Canada, Mexico and the European Union over steel and aluminum.

It was first reported by Bloomberg.

Read More: Who needs enemy whey you have friends like Trump: EU Chief

Earlier Beijing said it would respond to US tariffs on $50 billion worth of Chinese exports with retaliatory tariffs on $50 billion of US products such as cars, planes and soybeans.

Meanwhile, AFP, quoting a European Commission source reports, that EU countries on Thursday endorsed a plan to impose import duties on $3.3 bn worth of US products in response to US tariffs on steel and aluminum imports from Canada, the EU and Mexico.

US initiated Trade Tariff War escalates with China, EUThe source said, “Member states have today unanimously supported the commission’s plan for the adoption of rebalancing measures on the US tariffs,” adding that they would be implemented “in coming days.” The retaliatory tariffs against US’ painful duties should be in place by late June or early July, the report said.

Read More: Trade war erupts; China slaps heavy duty on US products

Similarly Canada and Mexico have also announced their intention of taking counter measures against US imposed tariffs. Mexico has announced to impose tariffs on US imports including pork bellies, apples, grapes, cheeses and flat steels, among other products.

Canada has promised retaliatory tariffs worth $12.8bn on US products including steel, aluminum, whiskey and orange juice.

The ties among US and its European allies have been at their lowest level due to rows over a host of issues including trade tariffs, the Paris climate agreement, the Iran nuclear deal and the US Jerusalem move- recognizing it as Israel’s capital and moving its embassy to the holy city which was earlier promised to become capital of Palestine.

For months, Trump has slow-walked threats of tariffs against China as punishment for intellectual property theft. Initially he announced that US would impose trade penalties on about $50 billion of Chinese goods in March saying, “We have a tremendous intellectual property theft problem. It’s going to make us a much stronger, much richer nation.”

After China warned it would retaliate, Trump threatened tariffs on a further $100 billion of Chinese products. However, in mid-May, both announced a ceasefire after two rounds of trade negotiations.

They said in a joint statement that China would “significantly increase” purchases of US agricultural and energy products to reduce the trade imbalance, a top Trump administration demand. The US Treasury Secretary Steven Munchin subsequently declared the trade war “on hold.”

Ten days later, White House abruptly said it would proceed with the tariffs, along with new limits on Chinese investments in the US. Washington said it would finalize the list of goods that would be subject to 25% tariffs by June 15, and that the tariffs would go into effect “shortly thereafter.”

A further round of trade talks in Beijing earlier this month failed to yield any breakthroughs. On Thursday, Chinese Foreign Ministry spokesman Geng Shuang reiterated that China would not honor its pledge to increase purchases of US goods if tariffs were imposed.

After the G7 summit, held in Quebec, Canada last week, Trump sent out a couple of tweets in which he slammed Canadian Prime Minister Justin Trudeau as “very dishonest & weak,” and ordered US representatives not to sign a joint communiqué with the G7 leaders.

Latest world news

Putin deliberately chose Christmas to attack, says Zelensky as Russia targets Ukrainian energy infrastructure

The Ukrainian Air Force stated that multiple missiles had been launched at the Kharkiv, Dnipro, and Poltava regions in the east.

Published

on

Russian President Vladimir Putin chose Christmas Day deliberately to launch a brutal assault on Ukraine’s energy infrastructure, resulting in widespread explosions throughout the country, said Ukrainian President Volodymyr Zelensky on Wednesday.

The attack involved a significant barrage of missiles and drones aimed at critical energy facilities, including a thermal power plant, prompting citizens to seek refuge in metro stations on Christmas morning.

“Today, Putin intentionally chose Christmas for this attack. What could be more inhumane?” Zelensky remarked, asserting that Russia is resolutely pursuing a strategy to cause blackouts across Ukraine.

He emphasised that each large-scale Russian strike necessitates careful preparation, stating, “It is never a spontaneous decision. It is a deliberate choice—not only of targets but also of timing.”

In his statement on X, Zelensky reported that more than 70 missiles, including ballistic types, and over 100 attack drones were launched at Ukraine’s power infrastructure.

Ukrainian Vice Prime Minister Oleksii Kuleba said that at least one person was killed in the Dnipro region due to the attacks. He noted that heating services were disrupted for 155 residential buildings in Ivano-Frankivsk and that around 500,000 residents, or 2,677 buildings, in the Kharkiv region, were left without heat.

Ukrainian Foreign Minister Andrii Sybiha mentioned that one Russian missile had passed through Moldovan and Romanian airspace. He added that Ukraine managed to intercept at least 50 missiles and a considerable number of drones during the attack.

Ukrainian Energy Minister Herman Halushchenko stated that Russia had significantly targeted the country’s energy infrastructure again in a Facebook post. The Ukrainian Air Force stated that multiple missiles had been launched at the Kharkiv, Dnipro, and Poltava regions in the east.

“The electricity distribution system operator is implementing necessary measures to limit consumption in order to reduce the negative impact on the power system,” he explained. “Once the security situation permits, energy workers will assess the damage.”

DTEK, Ukraine’s largest private energy company, reported that a Russian strike hit one of their thermal power plants on the morning of December 25, 2024, marking the 13th attack on Ukraine’s power grid this year. CEO Maxim Timchenko condemned the assault on X, stating, “Denying light and warmth to millions of peace-loving people celebrating Christmas is a depraved and evil act that must be answered.”

In response to the massive missile attack, the Ukrainian state energy operator, Ukrenergo, implemented preemptive power outages nationwide, resulting in electricity shortages in several districts of Kyiv.

In Kharkiv, at least seven strikes ignited fires throughout the city, as reported by regional head Oleh Syniehubov on Telegram. Authorities confirmed at least three injuries. Kharkiv Mayor Ihor Terekhov warned residents, “Kharkiv is under heavy missile fire. A series of explosions have occurred in the city, and ballistic missiles are still incoming. Please stay in safe locations.”

Continue Reading

Latest world news

Russia-bound Azerbaijan Airlines plane with 60 passengers crashes near Kazakhstan’s Aktau

Azerbaijan Airlines in a statement said the flight had made an emergency landing approximately three kilometres near Aktau.

Published

on

Russia-bound Azerbaijan Airlines plane with 60 passengers crashes near Kazakhstan’s Aktau

Many people are feared dead after a plane carrying 60 people crashed while making an emergency landing near Kazakhstan’s Aktau city on Wednesday. The authorities said that twelve people survived the crash.

Russian news agencies reported that Azerbaijan Airlines flight J2-8243 was en route from Baku to Grozny in Russia, but was rerouted due to fog in Grozny.

Furthermore, Kazakh media had initially reported that 110 people – 105 passengers and five crew members were on board. Later, the authorities revised the number to 72 – 67 passengers and five crew members.

A visual showed the moment the plane loses altitude and makes a rapid descent before it crashes and bursts into flames. As the plane crashes, plumes of smoke are seen rising on the spot. The plane crashed into an open field and burst into flames.

Kazakhstan’s emergency ministry stated that emergency services extinguished the fire at the crash site, adding that survivors were rushed to a nearby hospital for medical assistance.

Azerbaijan Airlines in a statement said the flight had made an emergency landing approximately three kilometres near Aktau. It added that the Embraer 190 aircraft operated by Azerbaijan Airlines, flight numbered J2-8243 on the Baku-Grozny route, made an emergency landing approximately three kilometres near the city of Aktau. Additional information regarding the incident will be provided to the public, it mentioned. Reports stated that the authorities said they had begun looking into different possible versions of what had happened, including a technical problem.

Meanwhile, in another recent deadly plane crash, 10 people died on Sunday after a small aircraft crashed in a Brazilian town that’s popular with tourists. The 10 deceased were passengers and crew on board. Over a dozen people on the ground were injured in the incident, Brazil’s Civil Defence Agency said.

The Civil Defence Agency said that the plane hit the chimney of a home and then the second floor of a building before crashing into a mobile phone shop in a largely residential neighbourhood of Gramado.  It was not immediately clear what caused the crash.

Continue Reading

Latest world news

YouTuber Zara Dar clarifies misconceptions, denies being Pakistani, and explains decision to quit PhD for OnlyFans

Published

on

Zara Dar clarifies her background and career change in a social media post

YouTuber Zara Dar, who sparked significant attention after revealing she was leaving her PhD studies to pursue a full-time career on OnlyFans, has addressed a series of misconceptions circulating about her. In a series of posts on social media platform X, Dar clarified the misinformation and took the opportunity to set the record straight on several points, particularly regarding her background and career shift.

The controversy began when Zara posted a video explaining her decision to quit her PhD in engineering and focus on adult content creation. The video quickly went viral, with some viewers misinterpreting or distorting the details of her story. One of the most prevalent rumors was that Zara Dar was of Pakistani origin.

In her clarification, Zara stated, “With all due respect, I am not Pakistani. I am American, born and raised, with a mixed background: American, Persian, Southern European, Middle Eastern, and Indian.” She explained that her name, “Darcy,” which she shortens to “Dar,” led to confusion, as it resembled that of a different Pakistani influencer, Zara Dar.

Zara also addressed the emergence of fake content under her name, including deepfake videos, and vehemently denied any associations with such material. She emphasized that, despite the false claims, she had not given any exclusive interviews and had only used social media to share her story.

Regarding her decision to leave academia, Zara shared that her shift to OnlyFans, while financially rewarding, also provided her with the freedom she felt was missing in her academic career. “It has given me the freedom to learn and share new content,” she stated, adding that while she had stepped away from her PhD, she would still continue to create educational content on her YouTube channel.

The announcement sent shockwaves across her fanbase, as many were surprised by her drastic career change. However, Zara explained that the decision was motivated not only by financial viability but also by her desire for personal autonomy outside the rigid structures of academia.

As Zara Dar continues to navigate the shift from academia to content creation, she remains committed to building her brand while tackling the misinformation surrounding her. Through her candid social media posts, she aims to keep her followers informed and provide clarity on her personal and professional choices.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com