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China conducts military exercises near Taiwan

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China says it has carried out naval and aerial military drills near Taiwan, in response to “external interference and provocations”.

Beijing has ramped up military pressure on Taiwan in recent months, as a way of discouraging independence.

China regards Taiwan as a breakaway province, and wants to eventually bring it under mainland control.

The Chinese People’s Liberation Army says it dispatched warships, anti-submarine aircraft, and fighter jets on Tuesday to carry out live-fire drills.

An Army spokesperson says the exercises took place “in the surrounding sea and airspace in the southwest and southeast of Taiwan”. It’s unclear just how close to Taiwan the drills were.

China claims the latest exercise “is a necessary action based on the current security situation across the Taiwan Strait”.

“Recently, the US and Taiwan have repeatedly provoked and sent serious wrong signals, severely infringed upon China’s sovereignty, and severely undermined the peace and stability of the Taiwan Strait, which has become the biggest source of security risks across the Taiwan Strait.”

People’s Liberation Army’s Eastern Theater Command spokesperson

Chinese state media’s warning to Taiwan

Tuesday’s drills follow the fall of Kabul, which led to Chinese state media claiming the United States will abandon Taiwan like Afghanistan.

“From what happened in Afghanistan, [Taiwan’s ruling Democratic Progressive Party] should perceive that once a war breaks out in the Straits, the island’s defense will collapse in hours and the US military won’t come to help,” the editorial by the Global Times states.

The Global Times claims that “as a result, the DPP authorities will quickly surrender, while some high-level officials may flee by plane.”

Taiwan’s Premier today insisted that Taiwan would not collapse like Afghanistan in the event of an attack.

Today, there are powerful countries that want to swallow up Taiwan using force, and likewise we are also not afraid of being killed or imprisoned.

Premier Su Tseng-chang

“We must guard this country and this land, and not be like certain people who always talk up the enemy’s prestige and talk down our resolve,” Premier Su Tseng-chang said.

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Japan’s PM Takaichi courts Trump with trade offers

Japan’s new PM Takaichi to offer pickups and soybeans to Trump amid trade talks next week

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Japan’s new PM Takaichi to offer pickups and soybeans to Trump amid trade talks next week

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In Short:
– Japan’s PM Sanae Takaichi will negotiate with Trump on pickups, soybeans, and natural gas next week.
– Takaichi won’t commit to new defence spending, focusing on strengthening U.S.-Japan relations and investment discussions.
Japan’s new Prime Minister, Sanae Takaichi, is preparing to negotiate with U.S. President Donald Trump next week, aiming to present a package that includes U.S. pickups, soybeans, and natural gas.Takaichi’s administration will not commit to new defence spending at the meeting, despite U.S. pressure for Japan and allies to increase contributions. The meeting will take place during Trump’s first visit to Japan since his re-election, following a prior agreement for Japan to invest up to $550 billion in the U.S. in exchange for lower car tariffs.

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The alliance with the U.S. is crucial to Japan’s foreign and security policy, according to Takaichi. A successful dialogue with Trump could strengthen her government, which operates with a parliamentary minority. Washington’s support is essential for Takaichi to advance her regional security agenda.

Diplomatic Details

Main initiatives include purchasing Ford F-150 pickup trucks, an idea suggested by Trump, and increasing U.S. soybean imports amidst declining exports to China. U.S. pickups are impractical for most Japanese consumers but may find utility in specific roles like snow plowing.

Japan plans to enhance its acquisition of U.S. liquefied natural gas, although it will not initially source from a Trump-favoured Alaskan pipeline. Investment discussions will accompany the trade talks, ensuring that Takaichi maintains commitments made by her predecessor.

In defence, Takaichi seeks to solidify ties with the U.S., with Japan housing a significant U.S. military presence. Japan’s defence strategy will undergo reviews to potentially accelerate military capabilities.


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Gold plunges 5% in biggest drop since 2013

Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.

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Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.


Gold prices have crashed over 5% in a single day, sparking concerns across global markets and sending investors scrambling.

Chris Weston from Pepperstone breaks down the causes and implications.

#Gold #Markets #Investing #Commodities #GoldCrash #PreciousMetals #ASX #GlobalMarkets #Finance #Trading


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Trump and Xi set for high-stakes APEC showdown

Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.

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Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.


President Trump and President Xi Jinping will meet for the first time in six years at the APEC summit, aiming to ease trade tensions and revive dialogue amid tariff threats.

#Trump #XiJinping #APEC #Trade #China #USPolitics #Economy #Tariffs #AsiaPacific #GlobalSummit


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