Trump touts ‘great progress made’ on first day of US-China tariff talks

Trump touts ‘great progress made’ on first day of US-China tariff talks
This combination image shows US Secretary of Treasury Scott Bessent (left frame) leaving his hotel to a meeting with Chinese officials (right frame) on tariffs in Geneva, on May 10, 2025. (AFP)
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Updated 11 May 2025

Trump touts ‘great progress made’ on first day of US-China tariff talks

Trump touts ‘great progress made’ on first day of US-China tariff talks
  • "A total reset negotiated in a friendly, but constructive, manner,” Trump wrote on his Truth Social platform
  • US delegation led by Treasury Secretary Scott Bessent is meeting in Geneva with the China team led by Vice Premier He Lifeng

GENEVA: The first day of sensitive talks between US and Chinese delegations over tariffs that threaten to upend the global economy ended without major breakthroughs being announced, but President Donald Trump nonetheless touted “GREAT PROGRESS.”
The meeting lasted over 10 hours in Switzerland and featured Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and a delegation led by Chinese Vice Premier He Lifeng.
Hours after talks had concluded, Trump took to social media to suggest that a full reset of trade between the US and China could be on the table.
“A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner,” Trump wrote on his Truth Social platform. “We want to see, for the good of both China and the US, an opening up of China to American business. GREAT PROGRESS MADE!!!”

But he gave no further details, and officials at the White House also offered little information during and after the opening day of discussions.
Trump’s post followed an official telling The Associated Press that talks had wrapped up for the day and would continue Sunday. The official requested anonymity because of the sensitivity of the discussions, which could help stabilize world markets roiled by the US-China standoff. The talks have been shrouded in secrecy, and neither side made comments to reporters on the way out.

Several convoys of black vehicles left the residence of the Swiss ambassador to the UN in Geneva, which hosted the talks aimed at de-escalating trade tensions between the world’s two biggest economies. Diplomats from both sides also confirmed that the talks took place.
The opening day of negotiations were held in the sumptuous 18th-century “Villa Saladin” overlooking Lake Geneva. The former estate was bequeathed to the Swiss state in 1973, according to the Geneva government.




A picture taken on May 10, 2025, shows the entrance of the residency of the permanent Swiss ambassador to the UN offices in Geneva, that is hosting the talks between senior US and Chinese officials on tariffs. (AFP)

Trump’s assessment aside, prospects for a major breakthrough appeared dim when the talks opened. Still, there is hope that the two countries will scale back the massive taxes — tariffs — they have slapped on each other’s goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade.
Trump last month raised US tariffs on China to a combined 145 percent, and China retaliated by hitting American imports with a 125 percent levy. Tariffs that high essentially amount to the countries’ boycotting each other’s products, disrupting trade that last year topped $660 billion.
And even before talks got underway, Trump suggested Friday that the US could lower its tariffs on China, saying in a Truth Social post that ” 80 percent Tariff seems right! Up to Scott.″

Sun Yun, director of the China program at the Stimson Center, noted it will be the first time He and Bessent have talked. She doubts the Geneva meeting will produce any substantive results.
“The best scenario is for the two sides to agree to de-escalate on the ... tariffs at the same time,” she said, adding even a small reduction would send a positive signal. “It cannot just be words.”
Since returning to the White House in January, Trump has aggressively used tariffs as his favorite economic weapon. He has, for example, imposed a 10 percent tax on imports from almost every country in the world.




In this photo taken on April 2, 2025, President Donald Trump is shown announcing new tariffs at the White House in Washington, D.C. (AP Photo/File)

But the fight with China has been the most intense. His tariffs on China include a 20 percent charge meant to pressure Beijing into doing more to stop the flow of the synthetic opioid fentanyl into the United States.
The remaining 125 percent involve a dispute that dates back to Trump’s first term and comes atop tariffs he levied on China back then, which means the total tariffs on some Chinese goods can exceed 145 percent.
During Trump’s first term, the US alleged that China uses unfair tactics to give itself an edge in advanced technologies such as quantum computing and driverless cars. These include forcing US and other foreign companies to hand over trade secrets in exchange for access to the Chinese market; using government money to subsidize domestic tech firms; and outright theft of sensitive technologies.
Those issues were never fully resolved. After nearly two years of negotiation, the United States and China reached a so-called Phase One agreement in January 2020. The US agreed then not to go ahead with even higher tariffs on China, and Beijing agreed to buy more American products. The tough issues — such as China’s subsidies — were left for future negotiations.
But China didn’t come through with the promised purchases, partly because COVID-19 disrupted global commerce just after the Phase One truce was announced.
The fight over China’s tech policy now resumes.
Trump is also agitated by America’s massive trade deficit with China, which came to $263 billion last year.
Trump slaps hefty tariffs on Switzerland
In Switzerland Friday, Bessent and Greer also met with Swiss President Karin Keller-Sutter.
Trump last month suspended plans to slap hefty 31 percent tariffs on Swiss goods — more than the 20 percent levies he plastered on exports from European Union. For now, he has reduced those taxes to 10 percent but could raise them again.
The government in Bern is taking a cautious approach. But it has warned of the impact on crucial Swiss industries like watches, coffee capsules, cheese and chocolate.
“An increase in trade tensions is not in Switzerland’s interests. Countermeasures against US tariff increases would entail costs for the Swiss economy, in particular by making imports from the USA more expensive,” the government said last week, adding that the executive branch “is therefore not planning to impose any countermeasures at the present time.”
The government said Swiss exports to the United States on Saturday were subject to an additional 10 percent tariff, and another 21 percent beginning Wednesday.
The United States is Switzerland’s second-biggest trading partner after the EU – the 27-member-country bloc that nearly surrounds the wealthy Alpine country of more than 9 million. US-Swiss trade in goods and services has quadrupled over the last two decades, the government said.
The Swiss government said Switzerland abolished all industrial tariffs on Jan. 1 last year, meaning that 99 percent of all goods from the United States can be imported into Switzerland duty-free.


EU must follow law in using frozen Russian assets to help Ukraine, Lagarde says

EU must follow law in using frozen Russian assets to help Ukraine, Lagarde says
Updated 9 sec ago

EU must follow law in using frozen Russian assets to help Ukraine, Lagarde says

EU must follow law in using frozen Russian assets to help Ukraine, Lagarde says
  • Lagarde says any decision should be agreed by all the parties that hold Russian assets

FRANKFURT: Any European Union decision on using frozen Russian state assets to help Ukraine must follow international law and the European Central Bank is “very attentive” to the process, ECB President Christine Lagarde said on Monday.
The EU is searching for a way to finance Ukraine’s defense and reconstruction with some of the 210 billion euros worth of Russian sovereign assets immobilized in the West after Moscow’s invasion of Ukraine in 2022.
As outright confiscation would be illegal, the bloc’s political leadership is working on a plan to invest the Russian cash in zero-coupon bonds issued by the European Commission with guarantees from EU governments.
The EU would then use the cash to issue a “Reparations Loan” to Ukraine.
“We very much expect that any scheme that is discussed and eventually introduced at some point in time will be done in accordance with international rules, with international law,” Lagarde told European lawmakers in Strasbourg.
Lagarde is worried that a legally contentious move would damage the credibility of the euro and discourage investors from holding euro assets, potentially damaging financial stability.
“From my vantage point, and with in mind financial stability and the strength of the euro, we will be looking very attentively to make sure that what is proposed is in accordance with international law (and) is mindful of financial stability,” Lagarde said in a parliamentary hearing.
When the Russian assets were frozen at the outset of the war, the money was invested in bonds. Those bonds have now matured and the cash is stuck at the Euroclear central securities depository in Belgium.
Lagarde said any decision should be agreed by all the parties that hold Russian assets.


US government shutdown enters second week, no end in sight

US government shutdown enters second week, no end in sight
Updated 17 min 8 sec ago

US government shutdown enters second week, no end in sight

US government shutdown enters second week, no end in sight
  • With the government out of money since Wednesday and grinding to a halt, Senate Democrats looked set to vote against a House-passed temporary funding bill for a fifth time

WASHINGTON: The US government shutdown entered its second week on Monday, with no sign of a deal between President Donald Trump’s Republicans and Democrats to end the crisis.
Democrats are refusing to provide the handful of votes the ruling Republicans need to reopen federal departments, unless an agreement is reached on extending expiring “Obamacare” health care subsidies and reversing some cuts to health programs passed as part of Trump’s signature “One Big Beautiful Bill.”
With the government out of money since Wednesday and grinding to a halt, Senate Democrats looked set to vote against a House-passed temporary funding bill for a fifth time.
The hard line taken by Democrats marks a rare moment of leverage for the opposition party in a period when Trump and his ultra-loyal Republicans control every branch of government and Trump himself is accused of seeking to amass authoritarian-like powers.
With funding not renewed, non-critical services are being suspended.
Salaries for hundreds of thousands of public sector employees are set to be withheld from Friday, while military personnel could miss their paychecks from October 15.
And Trump has upped the ante by threatening to have large numbers of government employees fired, rather than just furloughed — placed on temporary unpaid leave status — as is normally done during shutdowns.
The president said Sunday that workers were already being fired, but White House spokeswoman Karoline Leavitt walked back the comments a day later, saying he was only “referring to the hundreds of thousands of federal workers who have been furloughed.”
Republicans are digging in their heels, with House Speaker Mike Johnson telling his members not even to report to Congress unless the Democrats cave, insisting any health care negotiation be held after re-opening the government.
“If he’s serious about lowering costs and protecting the health care of the American people, why wait?” Senate Minority Leader Chuck Schumer said in a challenge to Johnson on Monday.
“Democrats are ready to do it now,” he wrote on X.

- Shutdown impacts -

The nonpartisan Congressional Budget Office estimated that Trump’s “One Big Beautiful Bill,” which he signed into law on July 4, would strip 11 million Americans of health care coverage, mainly through cuts to the Medicaid program for low-income families.
That figure would be in addition to the four million Americans Democrats say will lose health care next year if Obamacare health insurance subsidies are not extended — while another 24 million Americans will see their premiums double.
Republicans argue the expiring health care subsidies have nothing to do with keeping the government open and can be dealt with separately before the end of the year.
As the shutdown begins to bite, the Environmental Protection Agency, space agency NASA and the Education, Commerce and Labor departments have been the hardest hit by staff being furloughed — or placed on enforced leave — during the shutdown.
The Transport, Justice, Homeland Security and Veterans Affairs Departments are among those that have seen the least effects so far, the contingency plans of each organization show.
With members of Congress at home and no formal talks taking place in either chamber, a CBS News poll released Sunday showed the public blaming Republicans by a narrow margin for the gridlock.
Kevin Hassett, the director of the White House National Economic Council, said Sunday layoffs would begin “if the president decides that the negotiations are absolutely going nowhere.”
Trump has already sent a steamroller through government since taking office for his second term in January.
Spearheaded by billionaire Elon Musk’s Department of Government Efficiency, 200,000 jobs had already been cut from the federal workforce before the shutdown, according to the nonpartisan Partnership for Public Service.


Medicine Nobel to trio who identified immune system’s ‘security guards’

Medicine Nobel to trio who identified immune system’s ‘security guards’
Updated 06 October 2025

Medicine Nobel to trio who identified immune system’s ‘security guards’

Medicine Nobel to trio who identified immune system’s ‘security guards’

STOCKHOLM: A US-Japanese trio on Monday won the Nobel Prize in Medicine for research into how the immune system is kept in check by identifying its “security guards,” the Nobel jury said.

The discoveries by Mary Brunkow and Fred Ramsdell of the US and Japan’s Shimon Sakaguchi have been decisive for understanding how the immune system functions and why we do not all develop serious autoimmune diseases.

Sakaguchi, a professor at Osaka University, told a press conference in Japan he hoped the award would “serve as an opportunity for this field to develop further ... in a direction where it can be applied in actual bedside and clinical settings.”

The Nobel committee was unable to reach the two US-based laureates to break the news to them in person.

“If you hear this, call me,” the secretary-general of the Nobel committee, Thomas Perlmann, joked at the press conference announcing the winners.

The three won the prize for research that identified the immune system’s “security guards,” called regulatory T-cells.

Their work concerns “peripheral immune tolerance” that prevents the immune system from harming the body, and has led to a new field of research and the development of potential medical treatments now being evaluated in clinical trials.

“The hope is to be able to treat or cure autoimmune diseases, provide more effective cancer treatments and prevent serious complications after stem cell transplants,” the jury said.


Political, religious leaders rap hate crime in English coastal town

Political, religious leaders rap hate crime in English coastal town
Updated 06 October 2025

Political, religious leaders rap hate crime in English coastal town

Political, religious leaders rap hate crime in English coastal town
  • “Attacks against Britain’s Muslims are attacks against all Britons and this country itself”

LONDON: Police were investigating on Monday what they called a hate crime after a mosque was set on fire in an English coastal town.
Emergency services responded to reports of a fire at the Peacehaven Mosque at around 9:45 p.m. (2245 GMT) on Saturday. 
The front entrance of the mosque and a vehicle parked outside were damaged, but no one was injured, according to Sussex Police.
UK Prime Minister Keir Starmer condemned the attack. Starmer’s spokesperson said that the prime minister was “appalled by the arson attack in Peacehaven.”
Footage from the incident, released on Sunday by police, shows two balaclava-clad people approach the front door of the mosque, before spraying accelerant on the entrance and igniting a fire.
Political and religious leaders condemned the attack and urged people to stand united.
Home Secretary Shabana Mahmood said the attack was “deeply concerning.”
“This country’s greatest strength has been its ability to build one nation from many communities,” she said. “Attacks against Britain’s Muslims are attacks against all Britons and this country itself.”
“This hateful act does not represent our community or our town,” a spokesperson for Peacehaven mosque said. “Peacehaven has always been a place of kindness, respect, and mutual support, and we will continue to embody those values.”
Phil Rosenberg, president of the Board of Deputies of British Jews, also condemned the attack, adding that “every faith community has the right to worship free from fear.”
Detective Inspector Gavin Patch said police were treating Saturday’s fire as arson with intent to endanger life. 
Evidence from the scene suggested it was started deliberately, according to the East Sussex Fire and Rescue Service.
“This was an appalling and reckless attack which we know will have left many people feeling less safe,” Patch said.
There has been an increased police presence at the scene and other places of worship across Sussex, a region in southeastern England, to provide reassurance, the force said.
The attacks come amid high tensions over the Israel-Hamas war in Gaza.
Pro-Palestinian demonstrations have been held regularly across the UK since the start of Israel’s military offensive in Gaza.
The protests have been overwhelmingly peaceful, but some people say they have allowed antisemitism to spread. A handful of pro-Palestinian protesters have been arrested for supporting Hamas, which is banned in the UK.
On Saturday, about 1,000 people gathered in Trafalgar Square to protest against the banning of Palestine Action. This direct action group has vandalized British military planes and targeted sites with links to the Israeli military. It has been labeled a terrorist organization by the government, making support for the group illegal.
A day later, hundreds of people waving Israeli and British flags rallied in London and Manchester to mark nearly two years since the Hamas-led attack on southern Israel on Oct. 7, 2023, and demand the hostages’ release and mourn the victims of Thursday’s synagogue attack.

 


Top Vatican cardinal says Israel carrying out massacre in Gaza

Top Vatican cardinal says Israel carrying out massacre in Gaza
Updated 06 October 2025

Top Vatican cardinal says Israel carrying out massacre in Gaza

Top Vatican cardinal says Israel carrying out massacre in Gaza
  • “The war waged by the Israeli army to eliminate Hamas militants disregards the fact that it is targeting a largely defenseless population, already pushed to the brink, in an area where buildings and homes are reduced to rubble,” he said

VATICAN CITY: The Vatican’s top diplomat sharply criticized Israel’s “ongoing massacre” in Gaza in comments published on Monday — one of the Catholic Church’s strongest condemnations of Israel’s war against Hamas.
In an interview tied to the second anniversary of the attack on Israeli communities on Oct. 7, 2023, Cardinal Pietro Parolin also called those attacks “inhuman and indefensible” and urged Hamas to free remaining hostages.
“Those who are attacked have a right to defend themselves, but even legitimate defense must respect the principle of proportionality,” said Parolin, the Vatican secretary of state and one of Pope Leo’s top deputies.
“The war waged by the Israeli army to eliminate Hamas militants disregards the fact that it is targeting a largely defenseless population, already pushed to the brink, in an area where buildings and homes are reduced to rubble,” he said.
“It is ... clear that the international community is, unfortunately, powerless and that the countries truly capable of exerting influence have so far failed to act to stop the ongoing massacre,” Parolin told the Vatican’s media outlet.
Pope Leo, elected in May after the death of Pope Francis, has been stepping up criticism of Israel’s campaign in Gaza.
He has urged Israel to let in more aid and raise Gaza in a meeting with Israeli President Isaac Herzog in September.
Parolin added: “It’s not enough to say that what is happening is unacceptable and then continue to allow it to happen.
“We must seriously ask ourselves about the legitimacy ... of continuing to supply weapons that are being used against civilians.” 
He did not name any countries.
Israel attacked Gaza after the attack in 2023. Israel’s campaign has killed more than 67,000 in Gaza, mostly civilians, according to Gaza health authorities.