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Trump will pursue stability with China's Xi in May meeting, USTR Greer says

Trump will pursue stability with China's Xi in May meeting, USTR Greer says

By David Lawder and Doina Chiacu WASHINGTON, April 7 (Reuters) - The U.S. economic and trade relationship with China is stable and President Donald Trump will aim to keep it that way in a meeting next month with Chinese President Xi Jinping, U.S. Trade Representative Jamieson Greer said on Tuesday.

Trump announces 50% tariffs on nations supplying Iran with weapons

Trump announces 50% tariffs on nations supplying Iran with weapons

By David Lawder and Susan Heavey WASHINGTON, April 8 (Reuters) - U.S.

President Trump Threatens 50% Tariffs on Countries Supplying Weapons to Iran

President Trump Threatens 50% Tariffs on Countries Supplying Weapons to Iran

President Trump has announced a significant policy move, threatening to impose a 50% tariff on all goods from countries supplying military weapons to Iran. This announcement was made via a post on his Truth Social platform, emphasizing that the tariffs would be implemented immediately and without any exemptions. This decision comes in the wake of the Supreme Court's recent ruling that curtailed Trump's ability to use the International Emergency Economic Powers Act for imposing customized tariffs. Despite this setback, Trump is exploring alternative tariff authorities to enforce his new policy. The countries most directly affected by this announcement include Russia and China, both of which have been identified as suppliers of military equipment to Iran.

World Trade Organization Faces Relevance Crisis Amid U.S.-China Trade Disputes

World Trade Organization Faces Relevance Crisis Amid U.S.-China Trade Disputes

The World Trade Organization (WTO) is experiencing a significant decline in its influence as the United States and China engage in protectionist trade practices, openly defying the rules they previously agreed to. This situation has led to questions about the WTO's ability to enforce international trade rules. The organization's credibility is further undermined by China's repeated violations of trade rules and President Trump's disregard for the WTO's 'most favored nation' principle through erratic tariff applications. Recent trade talks in Cameroon between the U.S. and Brazil collapsed, highlighting the WTO's struggles to implement necessary reforms, such as improving its dispute-settlement mechanisms.

Taiwan Opposition Leader Cheng Li-wun Visits China Amid Rising Tensions

Taiwan Opposition Leader Cheng Li-wun Visits China Amid Rising Tensions

Taiwan opposition leader Cheng Li-wun is visiting China at the invitation of President Xi Jinping, marking the first such visit by a Taiwanese opposition leader in a decade. Cheng describes her trip as a 'journey for peace' amid ongoing tensions between China and Taiwan. Beijing continues to assert its claim over Taiwan, not ruling out the use of force for reunification. The visit precedes a scheduled summit between Xi and U.S. President Donald Trump, where Taiwan is expected to be a significant topic. The U.S. State Department has expressed concerns over China's military pressure on Taiwan, urging Beijing to cease such activities. Meanwhile, Taiwan's government faces challenges in passing a $40 billion special defense budget due to opposition-controlled parliament stalling.

Taiwan Opposition Leader Visits China Amid Tensions Over Island's Status

Taiwan Opposition Leader Visits China Amid Tensions Over Island's Status

Taiwan's opposition leader Cheng Li-wun has arrived in China, invited by President Xi Jinping, for what she calls a 'journey for peace.' The visit comes as China continues to assert its claim over Taiwan, increasing military pressure on the self-ruled island. Cheng's visit is the first by a Taiwanese opposition leader in a decade and precedes a scheduled meeting between Xi and U.S. President Trump. Taiwan's parliament, controlled by the opposition, has stalled a $40 billion defense budget aimed at strengthening ties with the U.S. through arms deals.

China and Russia veto UN resolution on protecting Hormuz shipping

China and Russia veto UN resolution on protecting Hormuz shipping

By David Brunnstrom April 7 (Reuters) - China and Russia on Tuesday vetoed a U.N. resolution encouraging states to coordinate efforts to protect commercial shipping in the Strait of Hormuz, calling the measure biased against Iran, while Washington's ambassador to the world body called on "

Trump Warns of Immediate Tariffs on Nations Assisting Iran with Military Supplies

Trump Warns of Immediate Tariffs on Nations Assisting Iran with Military Supplies

In a recent announcement, President Trump has issued a stern warning to countries supplying military weapons to Iran, stating that they will face a 50% tariff on all goods sold to the United States. This declaration was made on his Truth Social platform, emphasizing the immediacy and lack of exemptions for these tariffs. The announcement follows a recent agreement between the U.S. and Iran for a two-week ceasefire, contingent on Iran allowing the passage of ships through the Strait of Hormuz, a critical global shipping route. This development is part of a broader strategy by the Trump administration to exert pressure on Iran and its allies.

Dollar kept aloft as another Trump deadline looms

Dollar kept aloft as another Trump deadline looms

SINGAPORE, April 7 (Reuters) - The dollar stood just shy of recent highs on Tuesday as traders counted down to a U.S.-imposed deadline for Iran to open the Persian Gulf to shipping or face attacks on its infrastructure.

Trump's trade war with China in focus ahead of May summit

Trump's trade war with China in focus ahead of May summit

By Liz Lee BEIJING, April 6 (Reuters) - U.S. President Donald Trump is due to meet Chinese President Xi Jinping in May during his first visit to China in eight years, a closely watched trip that comes just a year after Washington rolled out sweeping and at times erratic global tariffs.

JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher

JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher

By Saeed Azhar NEW YORK, April 6 (Reuters) - JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects.

Taiwan opposition leader to visit China as Beijing ramps up 'reunification' push

Taiwan opposition leader to visit China as Beijing ramps up 'reunification' push

TAIPEI, April 6 (Reuters) - Taiwan opposition leader Cheng Li-wun leaves on Tuesday for China and a potential meeting with President Xi Jinping on what she says is a peace mission as Beijing makes a renewed push to convince Taiwanese to support "reunification".