Sanctions bill targets China for enabling Putin's war in Ukraine
The bill introduced by Sens. Jeanne Shaheen (D-New Hampshire) and John Cornyn (R-Texas) would require the administration to target Chinese 'entities and individuals' that have helped sustain the Russian defense industry despite enormous battlefield losses and widespread Western sanctions imposed since the start of the war.
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Yahoo
21 minutes ago
- Yahoo
Countries push for last-minute deals as Thursday tariff deadline looms
An array of trade crosscurrents continued Tuesday afternoon. There has been a push for last-minute deals, continued fuzziness on previously announced trade commitments, and an indication from President Trump that a deal to delay tariffs on goods from China is "close." It all comes as global importers brace for the Thursday morning deadline. That's when President Trump promises to implement a central plank of his trade agenda: a tiered approach to "reciprocal" tariffs ranging from 10% to 50%. Meanwhile, talks continued on varied fronts. For example, the Swiss president announced she would fly to Washington, D.C., to try to win last-minute concessions. She added Tuesday that "the aim is to present a more attractive offer to the United States" to avert a 39% tariff on goods from her nation. Meanwhile, India faces a divergent situation, with Trump telling CNBC on Tuesday morning, "We settled on 25% [tariffs], but I think I am going to raise that very substantially over the next 24 hours." India has slammed Trump's threats as unjustified and has seen its chances of a deal dwindle. Top aides for Indian Prime Minister Narendra Modi are also reportedly traveling this week — not to the US but instead to Moscow. It's all part of a flurry of last-minute moves and a message from Trump that he's full speed ahead, with no plans to delay a tariff increase starting Thursday. Read more: The latest news and updates on Trump's tariffs Trump even teased during the CNBC appearance that he probably won't run for president again but would like to, in part because, in his view, "people love the tariffs." (Trump is, of course, barred by the Constitution from running for a third term, though he's often floated the idea.) Switzerland and India are two countries currently on the outside looking in, but even nations that recently struck a trade deal continued to try to prepare for the tariff piece to take effect. Japan's top trade negotiator is also reportedly due in Washington, D.C., this week for talks to ensure that a plan to cut auto tariffs to 15% proceeds. Likewise, talks with the EU continue as negotiators there are reportedly still pushing for exemptions, such as on wine and spirits. Trump also weighed in Tuesday morning on talks with China. Markets are closely watching for any signs of an agreement to delay a tariff snapback scheduled for Aug. 12, with Trump saying, "We're getting very close to a deal." Trump suggested that he would likely meet with President Xi Jinping "at some point in the not-too-distant future." The president added that new sector-specific tariffs on semiconductors and pharmaceuticals are likely and that at least those pharmaceutical tariffs could be announced "within the next week or so." Read more: What Trump's tariffs mean for the economy and your wallet New details for some nations — and a focus on India and Switzerland There is also some new clarity on some technical details around how the new tariff landscape will likely work beginning at 12:01 a.m. ET on Thursday. US customs officials this week offered additional technical guidance in a new document on how it will handle some tariff exemptions. The news there may give some select importers a short-term breather. But with a full tally, according to Bloomberg Economics, the average US tariff rate is now expected to rise to 15.2% if duties go forward as planned. That's a jump from current rates of 13.3% and another jump from the 2.3% duties seen in 2024 before Trump took office. The overall landscape set to be in effect Thursday will cover nearly every country on the globe. It also comes after Trump and his team set "bespoke" rates largely based on the trade deficit, with many of America's top trading partners seeing a key new standard of 15% tariff, while others will see higher rates. Read more: 5 ways to tariff-proof your finances Countries from the European Union to South Korea to Japan struck deals at that 15% rate, but open questions remain. Other Asian countries have struck deals in the 19%-20% range. Trade Representative Jamieson Greer recently said on CBS that the published rates included many agreements, "some of these deals are announced, some are not," with other nations simply being dictated tariffs based on the level of the trade deficit. Switzerland is one nation for which the US has dictated tariffs. Its delegation will be in Washington on Tuesday to push for lower rates. But on Tuesday morning, Trump suggested that it would be an uphill climb and that a recent call with the country didn't go well because "they essentially pay no tariffs," even as talks are clearly set to continue there. As for India, any immediate offramp appears unlikely because of that nation's connections with Russia and Russian oil. A note Tuesday from Capital Economics suggested that India could, in theory, offer concessions to diversify its energy sources, "but we doubt that India would make a wholehearted effort to wean itself off Russian oil [as it could upset relations and] it would not play well to be seen caving to Trump's demands." At the same time, reports from Bloomberg and the Times of India revealed that two top aides to Indian Prime Minister Narendra Modi are traveling not to the US but to Russia in the coming days and weeks — even amid Trump's ever-escalating threats. Trump on Tuesday morning suggested talks are on ice for now and will be complicated when they resume, adding that "the sticking point with India is that tariffs are too high." This story has been updated with additional developments. Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices
Yahoo
21 minutes ago
- Yahoo
3 Asian Stocks That May Be Priced Below Intrinsic Value In August 2025
As global markets grapple with renewed tariff tensions and economic uncertainties, Asian indices have also felt the impact, with some experiencing declines amid broader market volatility. In this environment, investors may find opportunities in stocks that appear to be priced below their intrinsic value, offering potential for growth despite the challenges. Top 10 Undervalued Stocks Based On Cash Flows In Asia Name Current Price Fair Value (Est) Discount (Est) Wuxi Zhenhua Auto PartsLtd (SHSE:605319) CN¥32.94 CN¥65.50 49.7% Suzhou Zelgen BiopharmaceuticalsLtd (SHSE:688266) CN¥112.65 CN¥223.99 49.7% Nanya Technology (TWSE:2408) NT$44.40 NT$87.23 49.1% Nan Ya Printed Circuit Board (TWSE:8046) NT$177.50 NT$351.52 49.5% Inspur Digital Enterprise Technology (SEHK:596) HK$10.40 HK$20.45 49.1% Insource (TSE:6200) ¥917.00 ¥1814.21 49.5% GEM (SZSE:002340) CN¥6.51 CN¥12.96 49.8% Finger (KOSDAQ:A163730) ₩13480.00 ₩26881.94 49.9% Faraday Technology (TWSE:3035) NT$158.00 NT$313.77 49.6% cottaLTD (TSE:3359) ¥441.00 ¥866.89 49.1% Click here to see the full list of 271 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's take a closer look at a couple of our picks from the screened companies. Cosmax Overview: Cosmax, Inc. is engaged in the research, development, production, and manufacturing of cosmetic and health functional food products both in Korea and internationally, with a market cap of ₩2.88 trillion. Operations: The company generates revenue primarily from its Cosmetics Sector, which amounts to ₩2.23 billion. Estimated Discount To Fair Value: 43.4% Cosmax appears undervalued, trading at ₩253,500, significantly below its estimated fair value of ₩448,068.1. Despite a slower revenue growth forecast of 12.7% annually compared to the market's 7.1%, earnings are expected to grow significantly at 25.5% per year, outpacing the Korean market's 22%. However, debt coverage by operating cash flow remains a concern despite high future return on equity projections of 26.8%. Recent events focused on enhancing business understanding in Southeast Asia may provide further insights into financial positioning. Our earnings growth report unveils the potential for significant increases in Cosmax's future results. Click here and access our complete balance sheet health report to understand the dynamics of Cosmax. WEILONG Delicious Global Holdings Overview: WEILONG Delicious Global Holdings Ltd, with a market cap of HK$30.27 billion, produces and sells spicy snack food in the People's Republic of China and internationally. Operations: The company's revenue is primarily derived from three segments: Vegetable Products (CN¥3.37 billion), Seasoned Flour Products (CN¥2.67 billion), and Bean-Based and Other Products (CN¥228.69 million). Estimated Discount To Fair Value: 43.8% WEILONG Delicious Global Holdings is trading at HK$12.45, significantly below its estimated fair value of HK$22.15, suggesting undervaluation based on cash flows. Despite a revenue growth forecast of 15.2%, slower than 20% but above the Hong Kong market's 8.1%, earnings are set to grow at 17.24% annually, surpassing the market's 10.7%. However, significant insider selling and dividends not well covered by free cash flows pose potential concerns for investors. Our expertly prepared growth report on WEILONG Delicious Global Holdings implies its future financial outlook may be stronger than recent results. Take a closer look at WEILONG Delicious Global Holdings' balance sheet health here in our report. Xiangyu MedicalLtd Overview: Xiangyu Medical Co., Ltd focuses on the research, development, manufacturing, and marketing of rehabilitation and physiotherapy equipment, with a market cap of CN¥8.24 billion. Operations: The company's revenue segment is primarily derived from its Medical Devices division, generating CN¥760.48 million. Estimated Discount To Fair Value: 10.3% Xiangyu Medical Ltd., trading at CN¥53.43, is below its fair value estimate of CN¥59.57, presenting an undervaluation opportunity based on cash flows. With earnings poised to grow significantly at 32.39% annually, outpacing the Chinese market's 23.7%, it offers robust growth prospects despite a low forecasted return on equity of 9.4%. However, profit margins have declined from last year and recent share price volatility may concern investors. The growth report we've compiled suggests that Xiangyu MedicalLtd's future prospects could be on the up. Click here to discover the nuances of Xiangyu MedicalLtd with our detailed financial health report. Next Steps Investigate our full lineup of 271 Undervalued Asian Stocks Based On Cash Flows right here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Looking For Alternative Opportunities? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A192820 SEHK:9985 and SHSE:688626. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
UPI
21 minutes ago
- UPI
Trump: Federalize D.C. and prosecute teens as adults
President Donald Trump says conditions in Washington, D.C., must be made okay by lowering crime rates and charging teens as adults to prevent the federal government from taking control of the capital. Photo by Samuel Corum/UPI | License Photo Aug. 5 (UPI) -- Washington, D.C., would become a federal district and prosecute teens as adults if crime in the nation's capital does not recede soon, President Donald Trump said on Tuesday. Youths and gangs in the capital are randomly targeting people for violent crimes due to a lack of law enforcement, Trump said in a Truth Social post. "Crime in Washington, D.C., is totally out of control," Trump said. "Local 'youths' and gang members ... are randomly attacking, mugging, maiming and shooting innocent citizens," he added, "at the same time knowing that they will be almost immediately released." He said local youths do not fear law enforcement "because they know nothing ever happens to them." Trump's post includes a photo of a young male who is bloodied and sitting on what appears to be an asphalt parking lot. "The most recent victim was beaten mercilessly by thugs," Trump said. "Washington, D.C., must be safe, clean and beautiful for all Americans and, importantly, for the world to see." He said the federal government would have no choice but to take control of the capital and "put criminals on notice." "Perhaps it should have been done a long time ago," Trump added, "and then this incredible young man, with so many others, would not have had to go through the horrors of violent crime." Trump did not reference the recent shooting deaths of a House intern or two Israel Embassy staffers in Washington, D.C. Despite such shooting deaths and other crimes in the nation's capital, local police reported a 35% reduction in crime in 2024, which set a 30-year low, The Hill reported. So far this year, reported crimes in Washington, D.C., are lower than in 2024, which would establish a new 30-year low if the trend continues. Trump and Washington, D.C., Mayor Muriel Bowser have met several times since the Nov. 5 election. The president has said he and the mayor have an amicable relationship, and in a March 28 executive order, created the D.C. Safe and Beautiful Task Force. That task force includes representatives from several federal agencies and federal law enforcement, who are tasked with cleaning up the city by working with local officials. Such efforts are to include removing homeless encampments, supporting law enforcement, removing threats to public safety and streamlining the process for residents to obtain concealed carry permits for firearms. Parks, monuments, structures, roadways and buildings are to be beautified by being restored and graffiti removed from commonly visited local areas, according to the executive order. The Washington, D.C., mayor's office did not respond to a UPI request for comment on Tuesday.
