China Takes Strong Stance Against New US Tariffs and Export Controls
中国强烈反对美国新的关税和出口管制措施
2025-10-13
| Beijing said China will remain resolute in protecting its national interests from US discriminatory actions in a sharp response to US President Donald Trump's decision to break a tariff truce and impose additional 100 percent duties on Chinese imports. The new tariffs, along with additional US controls over exports of critical software to China, are due to come into effect on November 1, unless both sides agree to dial back the spat and avoid a renewed trade war.
"If the US persists in acting unilaterally, China will take corresponding measures to safeguard its legitimate rights and interests," a Ministry of Commerce spokesperson said. "Our position on a tariff war remains consistent: we do not want one, but we are not afraid of one." The ministry defended China's recent decision to tighten export controls on rare earth minerals on grounds of 'legitimate" concerns over their military applications, after Trump cited the curbs as justification for new US measures. The statement accused the US of "double standards" and said since the last China-US trade talks in Madrid in September, the US has introduced a string of new restrictive measures targeting China. The US has overstretched the excuse of national security and abused export controls, the spokesperson said, noting that the US Commerce Department now has more than 3,000 items on its export-control list while China has only 900. He also singled out US actions targeting China's shipbuilding and maritime industry for criticism. "The US has seriously harmed the legitimate and lawful rights and interests of (Chinese) companies, severely disrupted the international economic and trade order, and gravely undermined the security and stability of global industrial and supply chains," the spokesperson said, adding that the US must correct its "wrong practices" and settle differences with dialogue, not threats. |
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| 来源: Shanghai Daily |
Egypt Hosts Summit on Future of Gaza, Trump to Greet Released Hostages
埃及举行加沙未来峰会，特朗普将迎接获释人质
2025-10-13
| Egyptian President Abdel Fattah al-Sisi and US President Donald Trump will co-chair an international summit of some 20 world leaders, including Europeans and Arabs, on Monday afternoon to discuss peace in Gaza. The meeting is scheduled to begin after the noon deadline for Hamas to release remaining hostages -- part of the first step of Trump's peace plan, along with a ceasefire and the resumption of humanitarian aid. The next steps in the plan lack detail but suggest a transitional administration for Gaza by an international body and reconstruction of the war-ravished enclave. The issue of Hamas disarming remains unresolved.
Before flying to Egypt, Trump will be in Israel to greet released hostages in person, Vice President JD Vance said, confirming reports that 20 of 48 hostages held in Gaza are still alive. In Gaza City, Hamas has mobilized up to 7,000 members of its security forces to reassert control over areas being vacated by Israeli troops and to root out "outlaws and those who have collaborated with Israel," the BBC reported. Clashes between Hamas and armed gang clans killed at least 27. |
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| 来源: Shanghai Daily |
China, Mining Giant BHP Have Yet to Announce Iron Ore Agreement
中国与矿业巨头必和必拓尚未宣布铁矿石协议
2025-10-13
| An iron-ore price dispute between Australian mining giant BHP and China's state-run buying agent appeared to remain in deadlock amid unconfirmed reports that BHP has agreed to accept the Chinese yuan for partial payment instead of US dollars. China Mineral Resources Group, created three years ago to leverage China's purchasing power in negotiations with foreign suppliers, is said to have suspended purchases last month pending a new contract. The annual price agreement between BHP and China normally sets a benchmark for global prices. Use of yuan in any agreement would be a landmark shift from commodities traditionally priced in US dollars and would signal the rising importance of the yuan in global trade. China is the world's largest buyer of iron ore used in steelmaking, with 70 percent of that supply provided by BHP, Australian miners Rio Tinto and Fortescue, and Brazil's Vale. | |
| 来源: Shanghai Daily |
中国收紧稀土技术出口许可
2025-10-10
| China's Commerce Ministry said it is imposing tighter export licensing controls on rare earth-related technologies, including mining, smelting, magnetic material manufacturing and resource recycling. In a statement, the ministry also laid out stricter regulations on export of production lines that can be used in rare earth industries and signaled it will ban licenses for uses tied to defense and limit licenses tied to semiconductors. Exports rare earth applications related to emergency medical care, public health emergency responses and disaster relief will be exempt from the licensing. In New York trading, companies related to rare earths, including USA Rare Earth and Niocorp Developments, rose by double digits.
China is the world's biggest miner and processor of rare earths – a group of 17 elements critical in the manufacture of electric cars, aircraft, wind turbines, radar, consumer electronics and other products. China earlier this year eased a ban on rare-earth exports in exchange for the US easing its ban on chip exports to China, but the Trump administration has still kept a tight hand over exports of advanced chips and chipmaking equipment. |
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| 来源: Shanghai Daily |
以色列内阁批准加沙停火协议
2025-10-10
| The Israeli cabinet approved a ceasefire brokered by the US and Arab nations, paving the way for the release of hostages early next week and the resumption of humanitarian aid to Gaza. Israeli Foreign Minister Gideon Saar said the approval means a ceasefire will come into effect immediately. The ceasefire and hostages release are the first steps in US President Donald Trump's 20-point peace plan to end two years of warfare in Gaza. Palestinians detained in Israeli jails will also be released. | |
| 来源: Shanghai Daily |
US Port Fees on China-Linked Ships Come Into Effect Next Week
美对华关联船舶港口费新规下周生效
2025-10-10
| New US port fees on ships linked to China, flagged earlier this year, come into effect on October 14, with the extra cost to the biggest 10 cargo shippers expected to exceed US$3 billion next year, Reuters reported. The fees are part of President Donald Trump's stated ambition to end Chin's dominance in shipbuilding.
Vessels owned or operated by Chinese companies will face a flat fee of US$80 per net ton per voyage to the US. Non-Chinese operators of Chinese-built ships will be charged either US$23 per net tonnage or US$154 per 20-foot equivalent unit capacity, whichever is higher. Maritime data provider Alphaliner estimates that the higher port fees could cost China Ocean Shipping Corp (COSCO) alone as much as US$1.5 billion next year. Beijing has responded with a decree enabling counteraction against any discriminatory measures toward Chinese ships or crews. Separately, US imports shipped by container from China dropped 23 percent in September, Reuters said, citing data provider Descartes. The decline reflects US tariffs still on a range of Chinese merchandise. Total US containerized imports in the month fell 8.4 percent, with China's proportion of that trade sliding to 33 percent from 34.5 percent in August. The steepest decline in Chinese goods shipped to the US were in in aluminum, footwear, clothing, toys and electrical machinery. |
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| 来源: Shanghai Daily |
Trump Says Israel, Hamas Have Signed Off on First Stage of Gaza Peace Deal
特朗普称以色列与哈马斯已同意加沙停火协议第一阶段
2025-10-09
| US President Donald Trump said Israel and Hamas have both agreed to the first phase of his 20-point Gaza peace plan and he may travel to the Middle East at the end of the week. "This means all the hostages will be released very soon and Israel will withdraw its troops to an agreed line," he said in a social media post. The apparent breakthrough comes two years after Hamas attacked settlements in southern Israel, triggering a war that has left an estimated 64,000 Palestinians dead and Gaza in rubble. Further phases of Trump's peace plan called for an international body to take over transitional administration of Gaza and for Hamas to disarm. | |
| 来源: Shanghai Daily |
三名化学科学家荣获诺贝尔奖
2025-10-09
| The Nobel Prize for Chemistry was awarded to Susumu Kitagawa, Richard Robson and Omar M Yaghi for their work on "molecular architecture" called metal-organic frameworks that could tackle planet problems like climate change and plastic pollution. Kitagawa is a professor at Kyoto University, Robson is a professor at the University of Melbourne, and Yaghi hold a professorship at the University of California. | |
| 来源: Shanghai Daily |
AI Shares Power Ahead, Bank of England Warns of Possible 'Bubble' Risk
AI或引发泡沫风险，英国央行发出预警
2025-10-09
| The global rally in AI-related shares continued as mega dealmaking in the industry whetted investor appetite to be part of the current market mania. On Wednesday, Nvidia confirmed its participation in a US$20 billion round of financing for Elon Musk's xAI startup, and Japan's SoftBank announced it is acquiring the robotics arm of ABB for US$5.4 billion. Those deals came after Advanced Micro Devices and OpenAI announced a multibillion-dollar partnership earlier this week that may see OpenAI take a 10 percent stake in AMD, after major AI chip deals were signed with Samsung and SK Hynix last week, and after Alibaba announced last month that its spending on AI will be increased beyond an original US$53 billion target.
The tech-heavy Nasdaq in New York hit another record high on Wednesday despite continuing debate about whether investors are getting head of themselves in the frenzy to own AI-related shares. The Bank of England warned that the risk of a "sharp market correction" has increased, noting that valuations appear stretched, particularly for AI-focused tech firms. It joins a growing list of banks and analysts expressing concern about an AI bubble that could burst. |
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| 来源: Shanghai Daily |
Trump to meet Netanyahu to discuss 21-point Gaza ceasefire plan
特朗普将会见内塔尼亚胡，讨论加沙21点停火计划
2025-09-29
| US President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu in New York on Monday to discuss Trump's 21-point peace plan. Saudi state-owned news service Al Arabiya, citing a copy of the plan it has obtained, said the framework calls for an immediate halt to hostilities, the release of all hostages held by Hamas, the release of thousands of Palestinians in Israeli prisons, unrestricted delivery of humanitarian aid by international organizations, and the surrender of Hamas weapons to an Arab force. It makes no mention of withdrawal of Israel troops.
The plan, according to the Saudi report, also calls for Hamas members to be pardoned if they agree to disarm and leave Gaza. It would set up a temporary administration in Gaza overseen by an international and Arab security force. Reconstruction of the war-torn territory would be undertaken over five years. In turn, the US would guarantee that Israel annexes no property in the occupied West Bank and Israel would commit to negotiations on a final peace settlement. Separately, the military wing of Hamas said on Sunday it has lost contact with two Israeli hostages held in Gaza City, target of a major Israeli ground offensive. It urged Israel to pull back troops and suspend air strike so the captives can be located. |
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| 来源: Shanghai Daily |
