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Taiwan’s president touches down in New York despite China’s warning

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Taiwan’s President Tsai Ing-wen has officially touched down in New York as Beijing warns Washington of retaliation

 
Taiwan’s President Tsai Ing-wen has officially touched down in New York.

It comes as China warns of retaliation if the leader meets with U.S. House Speaker Kevin McCarthy.

China’s senior envoy has accused the U.S. of advocating for Taiwan’s independence by allowing Tsai to “make a splash” in their country.

“No matter [whether] it is Taiwan leaders coming to the United States or the US leaders visiting Taiwan, [it] could lead to another serious, serious, serious confrontation in the China-US relationship,” said Xu Xueyuan, China’s Chargé d’Affaires in a press conference.

By allowing Ms Tsai to visit, Washington “seriously undermines China’s sovereignty and territorial integrity,” Ms Xu said.

Washington says Beijing should refrain from overreacting to the trip.

In the Big Apple, the Taiwan president was greeted by competing crowds of protesters and supporters outside her hotel.

President Tsai is due to fly to Guatemala and BE-LEZE this week in an attempt to shore up alliances in Central America, before returning through Los Angeles.

Before departing Taiwan, she said “external pressure will not hinder [the country’s] determination to go to the world.” #trending #featured

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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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Trump to meet Xi at APEC amid trade tensions

Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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In Short:
– Trump will meet Xi Jinping at the APEC summit in South Korea later this month amid trade tensions.
– China has reshuffled its trade team, appointing Li Yongjie as the new WTO representative.
President Donald Trump confirmed he will meet Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit later this month in South Korea.
It marks their first face-to-face encounter in six years amid ongoing trade tensions.Trump expressed hope about achieving a “fantastic deal,” despite escalating disputes. He is prepared to impose significant tariffs on Chinese imports if no agreement is reached. Current U.S. tariffs on Chinese goods average 55%, with a potential increase to 155% looming.

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Trump mentioned that he believes an excellent trade deal would benefit the U.S., China and the global economy. He acknowledged the importance of the negotiations, stating that China respects the U.S. but is always seeking advantages in trade.

China’s Trade Reshuffle

China has reshuffled its trade negotiation team. Li Chenggang has been removed from his position as the representative to the World Trade Organization, while retaining his role as vice minister of commerce. This change aligns with Beijing’s strategy to adjust its trade diplomacy amid tensions.

Li Yongjie has been appointed as the new WTO representative. This team transition comes after scrutiny from U.S. officials and reflects China’s commitment to recalibrating its approach within the ongoing trade discussions.

The upcoming APEC summit will gather leaders from 21 economies, representing a significant portion of global GDP. It serves as a pivotal platform for dialogue, despite the backdrop of intensified trade negotiations.


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