The US stock market is hovering near all-time highs. While in China the stock market has been falling hard since the first mention of tariffs from US President Donald Trump.
Earlier this year, US President Donald Trump negotiated a deal with North Korean leader Kim Jong-un with the help of South Korean President Moon Jae-in. Now the two are joining forces once again.
But with the adage, ‘You do not truly know someone until you fight them,’ in mind (from The Matrix Reloaded), the two men appear to have gotten to know each other.
That in fact he will secure a new agreement before the 6 November midterm elections in the US.
That message came in the form of a Japanese submarine. The submarine joined a naval drill in the South China Sea for the first time, in an escalation of Japanese activity in the disputed waterway claimed by China and others.
However, talks have stalled, so South Korea’s President Moon Jae-in is set to cross the heavily militarised border for his third summit with Kim, seeking to cement a breakthrough in faltering nuclear talks between Pyongyang and Washington.
The most recent threat was from the US to China, as Trump toyed with the idea of placing another US$200 billion on Chinese imports.
The root of that tension comes from China’s refusal to accept Taiwan as an independent nation…though clearly it is. Distrustful of each other’s motives, the two countries have a long history of spying.
Trump has stated that talks with China will continue, however, the US isn’t quite ready to commit to any agreements regarding trade disputes.
Asian shares have fallen in early trade amid growing concerns over escalating international trade disputes and as emergency austerity measures in Argentina highlighted turbulence in emerging markets.
You’ll often also hear the game of chicken come up in economic game theory. It’s a game that Federal Reserve Bank of Minneapolis President Neel Kashkari says US President Trump and Chinese President Xi Jinping are currently engaged in.
Hours after Facebook announced plans to open an ‘innovation hub’ in China, the government has reportedly withdrawn its approval of the social network.
The annual AUSMIN talks, also attended by Australian Defence Minister Marise Payne and US Defence Secretary James Mattis, began as US President Donald Trump heightened world tensions with his angry, all capitalised tweet threatening Iran.
Naysayers naively like to say that US President Donald Trump gave up too much in his historic meeting with North Korean Leader Kim Jong-un. But these same detractors have been left speechless over the latest economic news out of North Korea.
Despite it’s good intentions, the hospital ship will not be dropping anchor in any nations that diplomatically acknowledge Taiwan. That includes Tuvalu, Palau, the Marshall Islands, Solomon Islands, Nauru and Kiribati. Many of them places where a state of the art hospital ship could make a real difference in people’s lives.
In just a few weeks, Cambodia is set to start their contentious national elections. But according to a new cyber security report, Chinese hackers have successfully targeted the country’s electoral process.
US President Donald Trump has described his day with North Korean leader Kim Jong-un as both historic and progressive. The entire world sat back anxiously on Tuesday as the two leaders exchanged terms of peace with one another.
Well, it finally happened. US President Donald Trump met with Chairman Kim Jong-un…and the results were surprisingly positive. Everyone ended the day as a winner. But one group might have come out on top…
Trump is willing to defend his country and allies against hostilities, but his peaceful intentions outweigh any form of aggressive approach. As we approach the summit, we become closer to finding out if North Korea are willing to turn over a new leaf.
Foreign Minister Julie Bishop didn’t feel any bit of warmth when she met with counterpart Wang Yi in Argentina, earlier this week. He merely lectured her briefly regarding Australia’s shortcomings.
Trump knows there won’t be a fairytale ending with North Korea, despite how well things have been going so far. But one thing we know about US President Donald Trump, he gets the job done.
China’s growing influence over its neighbours has become a major issue in the upcoming 14 June elections for the tiny Pacific nation of the Cook Islands.
Following their release, all three prisoners appeared in good health, as stated by US President Donald Trump. The return of the American citizens removes any potential tension the two nations may face during the summit meeting.
Malaysian police say they have cracked open an international people-smuggling syndicate. This comes after intercepting a modified tanker carrying 131 Sri Lankans, believed to be bound for NZ and Australian shores.
As China’s wealth and power grow, so do its government’s demands on foreign companies and nations wishing to do business there. And when you’re talking about a totalitarian regime like China’s, caving in to these demands is a perilously slippery slope.
China has been busy wooing Taiwan’s friends away. And the Dominican Republic caved in to China’s ‘soft diplomacy’ this week. This came in the form of a US$3 billion (AU$4 billion) low interest loan to fund much needed infrastructure in the impoverished country.
Even as talks of a trade war have quieted down, China is already claiming victory. They don’t need to get into an escalating tit for tat tariff war with the US. Their ‘One Belt One Road Initiative’ will cement their dominance on a global scale.
China is North Korea’s biggest trading partner, accounting for nearly all of its isolated trade and energy supplies. And the latest list by Beijing sends a clear message to Pyongyang, that China will continue to uphold UN sanctions, according to Analysts.
Kim Jong-un’s sudden openness to giving up his cherished nukes is the really powerful image here. This comes after many pundits insisted the only good outcome was for the world to simply accept a nuclear armed North Korea.
No other US President has ever held talks or a summit with North Korea. But with the North’s continuing nuclear weapons program, if ever there were a time to hold talks, it would be now.