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WASHINGTON, United States (AFP) — US Treasury Secretary Steven Mnuchin on Monday denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China. The reports were widely cited Monday as helping to spark a global stocks selloff, with investors increasingly gloomy about the prospects of de-escalation in the emerging US-China trade war. The White House in late May announced plans to impose steep tariffs on Chinese […]
(Eagle News)–The Armed Forces of the Philippines on Saturday, June 9, denied President Rodrigo Duterte had ordered a halt in their patrol operations in the West Philippine Sea. “I do not know where Cong. Alejano got that supposed instruction from the Commander-in-Chief,” AFP Spokesperson Col. Edgard Arevalo said in a statement, referring to opposition lawmaker Gary Alejano. Alejano alleged he had a source who gave him the information. “Malamang kuryenteng balita yan if not yet […]
by Simon Morgan with Delphine Touitou Agence France Presse The world’s largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures to Washington’s stinging steel and aluminium tariffs that came into effect on Friday. Washington angered its major allies by slapping duties of 25 percent and 10 percent on imports of aluminium and steel. The measures had actually been decided back in March, but […]
by Delphine TOUITOU / Douglas Gillison / with Heather Scott in Washington © Agence France-Presse WHISTLER, Canada (AFP) — The world’s largest economies stood at the precipice of all-out trade war as major US allies announced retaliation against stinging steel and aluminum tariffs that took effect on Friday. President Donald Trump’s decision Thursday not to extend exemptions for Canada and the European Union — the largest sources of foreign aluminum and steel respectively for […]
by Michel Comte © Agence France-Presse OTTAWA, Canada (AFP) — Canada hit back at steep US tariffs on aluminum and steel on Thursday, announcing retaliatory duties on up to Can$16.6 billion (US$12.8 billion) in American imports. Prime Minister Justin Trudeau told a news conference the US tariffs were “totally unacceptable.” “These tariffs are an affront to the long standing security partnership between Canada and the United States, and in particular, an affront to the […]
(Eagle News)–The Philippines has started repairing a runway on Pagasa Island in the West Philippine Sea, a United States thinktank said on Saturday, May 26. According to the Asia Maritime Transparency Initiative (Amti) of the Center for Strategic and International Studies, based on satellite images on May 17, there were two barges located at the island’s airstrip constructed years ago. “It appears that a grab dredger, consisting of a crane with a clamshell bucket, is installed […]
But China is not a security threat to us, Roque adds (Eagle News) — While noting China was not a “security threat,” the Palace on Monday, May 21, expressed “serious concerns” over what it said would be the impact of the Asian giant’s recent deployment of bombers to Woody Island in the South China Sea on “constructive efforts to maintain peace and stability in the region.” “Even if we don’t feel that China is […]
BEIJING, China — China has for the first time landed several bombers on an island in the disputed South China Sea. Several bombers of various types — including the long-range, nuclear strike capable H-6K — carried out landing and take off drills at an unidentified island airfield after carrying out simulated strike training on targets at sea, the Chinese airforce said in a statement Friday. Wang Mingliang, a defense expert cited in the statement, said the takeoff and […]
by Edgar Calderon © Agence France-Presse GUATEMALA CITY, Guatemala (AFP) — Guatemala voted Sunday on whether to send a long-running border dispute with neighboring Belize to the International Court of Justice (ICJ) for final resolution. Polls closed at 6:00 pm (0000 GMT) after 11 hours of voting, which took place “without reports of security incidents,” according to Supreme Electoral Tribunal president Maria Eugenia Mijangos. But despite 7.5 million Guatemalans being summoned to the ballot box, the […]
by Douglas Gillison © Agence France-Presse WASHINGTON, United States (AFP) — The escalating confrontation between Washington and Beijing inched closer to all-out trade war on Wednesday after China threatened retaliation against key US exports. Beijing unveiled plans for painful import duties targeting politically-sensitive US exports, including soybeans, aircraft and autos, to retaliate against looming US tariffs on more than 1,000 Chinese goods. Wall Street opened sharply lower but investors apparently later decided their fears might […]
(Eagle News) – Presidential Spokesperson Harry Roque clarified that the ruling of the United Nations Tribunal for the Law of the Sea on the West Philippine Sea dispute has only resolved issues involving the seas, not land. In a press briefing in Palawan on Wednesday, March 7, the Palace spokesperson said that President Rodrigo Duterte’s position is that the tribunal has particularly established that “China cannot claim any of the waters of the West Philippine […]
(Eagle News) — The Palace on Thursday said it believes China’s naming of undersea features at Philippine Rise was not done “in bad faith.” “We’re not attributing any bad faith to China, but we’re just saying respect us too that we will give Philippine names to them,” Presidential Spokesperson Harry Roque said in a press briefing. According to Roque, because of the incident, the Philippines would now nominate its own expert in the International Hydrographic Organization’s […]
