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Yellen’s China trip yields long meetings, but does not reach consensus

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U.S. Treasury Secretary Janet Yellen has concluded her four-day visit to Beijing, describing her meetings with senior Chinese officials as “direct” and “productive”

 
Despite the existing disagreements between the United States and China on various issues such as national security concerns, export bans, and industrial policies, Yellen expressed confidence that her trip has helped stabilise the often turbulent relationship between the two superpowers.

The visit comes as the United States seeks to mend ties with China, considering the strained bilateral relations over recent years.

“The U.S. and China have significant disagreements,” Yellen told a press conference at the U.S. embassy in Beijing, citing Washington’s concerns about what she called “unfair economic practices” and recent punitive actions against U.S. firms.

“But President (Joe) Biden and I do not see the relationship between the U.S. and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive.”

The Biden administration hopes to arrange a meeting between President Joe Biden and Chinese President Xi Jinping, possibly at the upcoming Group of 20 summit in New Delhi or the Asia-Pacific Economic Cooperation gathering in San Francisco scheduled for November.

Yellen’s primary objective during her visit was to establish stronger ties with China’s new economic team, minimise the risk of misunderstandings, and facilitate cooperation in areas such as climate change and debt distress.

While the trip did not yield specific policy breakthroughs, a senior Treasury official described it as “very successful” in terms of re-establishing contact and building relationships.

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Russia missile strikes force Ukraine nuclear plants offline amid safety fears

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Ukraine’s energy and nuclear safety systems have come under severe strain after a major Russian missile and drone attack struck critical power infrastructure, forcing all nuclear power plants in Kyiv-controlled territory to halt electricity generation and triggering urgent international warnings.

The February 7 assault damaged high-voltage substations supplying nuclear facilities, destabilising the national grid. The International Atomic Energy Agency said the disruption compromised nuclear safety, with one reactor shutting down automatically and others reducing output due to grid instability. IAEA Director General Rafael Grossi called for military restraint, warning of potentially dangerous consequences.

Nuclear terrorism

The attack targeted infrastructure across eight regions as Ukraine faces a deep freeze, with temperatures in Kyiv forecast to fall to minus 19 degrees Celsius. Emergency power outages have been introduced nationwide, while energy companies report extensive damage to thermal power plants.

President Volodymyr Zelensky condemned the strikes as nuclear terrorism and called for a global response. The IAEA also confirmed a recent loss of off-site power at the Chornobyl site, raising concerns that continued attacks on energy infrastructure could increase nuclear risks beyond Ukraine’s borders.


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Trump lifts India tariffs after New Delhi halts Russian oil imports

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President Donald Trump has moved to reshape US trade policy on two major fronts, signing executive orders that both ease tariffs on India and threaten new levies on countries that continue to trade with Iran.

The rollback of tariffs on India follows New Delhi’s commitment to halt imports of Russian oil, a move welcomed by Washington as it seeks to tighten pressure on Moscow’s energy revenues. The decision signals a thaw in trade tensions between the two nations and underscores the administration’s willingness to reward partners that align with US foreign policy priorities.

At the same time, Trump warned that nations maintaining commercial ties with Iran could face fresh US tariffs, escalating economic pressure on Tehran and its trade partners. The move reinforces a hardline strategy aimed at isolating Iran economically, while using trade measures as leverage in broader geopolitical negotiations.

Together, the twin decisions highlight the Trump administration’s increasingly assertive use of tariffs as a diplomatic tool, targeting both allies and adversaries. From the Indo-Pacific to the Middle East, the approach underscores how trade policy is being deployed not just to protect US industries, but to advance America’s strategic interests on the global stage.

#Trump #India #TradePolicy #Tariffs #USIndiaRelations #GlobalTrade #RussiaOil #Ticker


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U.S. ramps up Cuba aid as energy crisis deepens

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The United States has announced an additional $6 million in humanitarian aid for Cuba, bringing total assistance since Hurricane Melissa struck the island in October to $9 million. The new relief package will focus on Cuba’s eastern provinces, including Holguín, Granma, Santiago de Cuba, and Guantánamo, providing staples like rice, beans, pasta, canned tuna, and solar lamps. U.S. officials said embassy staff will monitor distribution to prevent the government from diverting supplies.

The announcement comes amid worsening energy and fuel shortages. Cuba has faced widespread blackouts, leaving millions without electricity in several provinces, while rising food prices and limited fuel supplies have intensified humanitarian pressures. Officials warn that without sufficient oil imports, hospitals, transport, and essential services could be severely affected. The crisis has escalated following U.S. restrictions on Cuba’s oil shipments and Venezuela’s inability to supply fuel, forcing Cuba to turn to Mexico as its primary energy partner.

Humanitarian situation

Cuba’s President Miguel Díaz‑Canel accused the U.S. of imposing an “energy blockade,” while Mexican officials work to deliver fuel without triggering U.S. tariffs. Díaz‑Canel expressed willingness to engage in dialogue but insisted talks must respect Cuba’s sovereignty. U.N. Secretary-General António Guterres has voiced serious concern, warning that the humanitarian situation could deteriorate further if oil supplies remain restricted.

As Cuba struggles to balance disaster recovery with an ongoing energy crisis, the international community faces a delicate challenge: providing humanitarian support while navigating complex geopolitical tensions.


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