Torbjørn Færøvik's Blog, page 93

Inside Trump’s negotiating strategy with China

A few hours after President Donald Trump’s trade negotiating team boarded a flight for the most important economic meetings in the world, their boss took to social media to publicly throw a curveball into the negotiations. That was the point – not necessarily the path.Trump’s decision to float the possibility of cutting his 145% tariffs on China to 80% gave the impression that Trump was

Zero ships from China are bound for California’s top ports. Officials haven’t seen that since the pandemic

On Friday morning, West Coast port officials told CNN about a startling sight: Not a single cargo vessel had left China with goods for the two major West Coast ports in the past 12 hours. That hasn’t happened since the pandemic. Six days ago, 41 vessels were scheduled to depart China for the San Pedro Bay Complex, which encompasses both the Port of Los Angeles and Port of Long Beach in California

China has spent billions developing military tech. Conflict between India and Pakistan could be its first major test

The escalating conflict between India and Pakistan could be offering the world a first real glimpse into how advanced Chinese military technology performs against proven Western hardware – and Chinese defense stocks are already surging. Shares of China’s AVIC Chengdu Aircraft rose 40% this week, as Pakistan claimed it used AVIC-produced J-10C fighter jets to shoot down Indian combat aircraft –

Trump, in a major concession, says the tariff on China should be 80% — but will leave it up to Bessent

President Donald Trump on Friday set negotiating terms for his administration’s first discussions with China, which are set to take place in Geneva this weekend.In a series of posts on Truth Social, Trump appeared to lay out his demands — and concessions — for the meeting between US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and their Chinese counterparts. Trump said

The UK trade agreement was the easy part. China will be exponentially harder

As Trump administration officials prepare to meet with Chinese officials in Geneva this weekend, it’s tempting to believe the momentum from the United Kingdom trade deal announcement on Thursday will carry over. Don’t hold your breath.“I’m keeping my expectations in check. Tariffs are high. Tensions are high. It’s easier to impose tariffs than to unwind them,” said Wendy Cutler, a former US trade

Sotheby's halts Buddha jewels auction after India threat

The auction house Sotheby's has postponed its sale in Hong Kong of hundreds of sacred jewels linked to the Buddha's remains, after a threat of legal action by the Indian government. The sale of the collection - described as one of the most astonishing archaeological finds of the modern era - had drawn criticism from Buddhist academics and monastic leaders. India had said it offended the global

Hong Kong pro-China informer: 'Why I've reported dozens of people to police'

From a woman waving a colonial-era flag in a shopping mall, to bakery staff selling cakes with protest symbols on them - dozens of Hongkongers have been reported to the police by one man for what he believes were national security violations."We're in every corner of society, watching, to see if there is anything suspicious which could infringe on the national security law," former banker Innes

Trump says the US needs to protect Greenland from China. Are his fears overblown?

Throughout his second term, US President Donald Trump has trained his focus on a sprawling but sparsely populated island that stretches into the Arctic circle. The United States needs that island – Greenland, a territory of US ally Denmark – “very badly,” Trump said in an NBC interview that aired on Sunday, echoing comments he’s made repeatedly in recent months.“Greenland is a very small amount

One trade ‘deal’ done, 199 to go

President Donald Trump has finally gotten his first trade deal doneWell, not quite a “deal,” perse. More like a concept of a plan: a framework for negotiations between the United States and the United Kingdom that will take place between the two countries over the next several months or years … to hammer out a potential future trade agreement … that may or may not ultimately prove more beneficial

US, China in for protracted trade talks, warn experts ahead of crucial Geneva meet

U.S. and Chinese officials will hold high-level talks in Switzerland this weekend, a first step toward easing trade tensions between the world’s two largest economies over tariffs but experts did not expect immediate breakthroughs. Analysts said Wednesday the talks were a necessary step towards de-escalating tensions amid the ongoing trade war, but negotiations to resolve differences between the