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(Eagle News) — Philippine president Rodrigo Duterte expressed his frustration regarding the South China Sea during his keynote address on the “25th International Conference on the Future of Asia” conference in Tokyo on Friday, May 31, as he pushed for binding guidelines that could prevent tensions in the volatile region. “We are friends with China. I am the moderator country for China and the ASEAN. And the last thing I heard was that the […]
HONG KONG, China (AFP) — Asian stocks edged down Friday, despite modest gains on Wall Street overnight, as US President Donald Trump’s sudden announcement of tariffs on all Mexican imports saw Tokyo shares drop. Trump’s Twitter announcement of a five percent tariff on all goods from Mexico starting June 10 sent shares in automakers with plants in the North American country falling sharply. Trump said the duties would gradually increase until “illegal migrants” stop coming […]
TOKYO, Japan (AFP) — Malaysia will continue using Huawei products “as much as possible,” bucking a global trend prompted by security concerns and a US ban on the Chinese firm, the country’s prime minister said Thursday. Mahathir Mohamad, speaking at a conference in Tokyo, acknowledged the security concerns but said they would not deter Malaysia. “Yes, there may be some spying. But what is there to spy (on) exactly in Malaysia? We are an open […]
WASHINGTON, United States (AFP) — The US military’s top general said Wednesday that Chinese President Xi Jinping reneged on promises not to militarize the South China Sea and called for “collective action” to hold Beijing responsible. General Joseph Dunford, chairman of the Pentagon’s Joint Chiefs of Staff, said he was not calling for military action, but stressed that there was a need to enforce international laws. “The fall of 2016, President Xi Jinping promised President […]
SYDNEY, Australia (AFP) — Australia’s military has confirmed that Navy pilots were targeted with lasers during flights in the hotly contested South China Sea, with informal Chinese militia vessels believed to be behind the attacks. Beijing has become more assertive in the area, stoking tensions with rival claimants in Southeast Asia as well as Canberra and Washington — traditionally the dominant naval and air power in the Asia-Pacific region. The Australian Defence Force said “assets […]
BEIJING, China (AFP) — China warned the United States on Wednesday not to “politicize” the exchange rate of its currency amid a festering trade war between the two economic giants. The US Treasury declined to label China a currency manipulator in its latest semi-annual report but also called on Beijing to prevent the yuan from weakening. “We have always said here that we hope the US side will respect objective facts, market rules and […]
SHENZHEN, China (AFP) –Huawei said Wednesday the tech giant will ask a US court to throw out US legislation that bars federal agencies from buying its products. The company was due to file the motion for summary judgment on Tuesday (Wednesday in China), said Song Liuping, the firm’s legal officer, in a statement carried by Chinese state broadcaster CCTV. “The bill directly determines that Huawei is guilty and imposed a large number of restrictions on […]
by Laurent THOMET BEIJING, China (AFP) — China ramped up a war of words with the United States over Huawei on Friday, accusing Washington of spreading “lies” about the telecom giant thrust to the center of their trade war. The fiery response came hours after US Secretary of State Mike Pompeo rejected Huawei’s denials that the Chinese company works with the Communist government. The Trump administration has infuriated Beijing by blacklisting the smartphone and telecommunications […]
HONG KONG, China (AFP) — The increasingly fractious trade row between China and the United States was the main focus of Asian investor angst Friday, with most markets down to extend the previous day’s steep losses, though oil edged back from a painful sell-off. With little hope for a quick turnaround in the standoff the economic superpowers appear to be digging in their heels as they exchange barbs, blaming each other for the breakdown in […]
by Heather SCOTT WASHINGTON, United States (AFP) — President Donald Trump on Thursday unveiled a new $16 billion aid package to help farmers caught in the crossfire his trade war with China. “The farmers have been attacked by China,” Trump told reporters at the White House. “We’re going to help out our farmers and we’re giving them that level playing field that is so important.” Trump again claimed that China is paying the 25 percent […]
by Rob Lever / with Ryan McMorrow and Laurent Thomet in Beijing WASHINGTON, United States (AFP) — President Donald Trump on Thursday for the first time linked a dispute over telecom giant Huawei, which he views as a threat to American security, with a deal to resolve the US-China trade war. “Huawei is something that is very dangerous,” Trump told reporters at the White House. “You look at what they’ve done from a security standpoint, […]
WASHINGTON, United States (AFP) — Adidas, Nike and PUMA on Tuesday urged US President Donald Trump to prevent the shoe industry from falling victim to the trade war with China, saying new tariffs could be “catastrophic.” In a letter to Trump, those big name manufacturers joined forces with more than 170 other American shoe manufacturers and retailers calling for footwear to be exempted from a new round of punitive tariffs on $300 billion in Chinese […]
