
Red state reversal
AMERICA's conservative states with a hands-off approach to development – Texas and Oklahoma chief among them – have become unlikely clean energy champions, powering ahead with vast wind and solar farms.
But that renewable energy boom is now under threat, and from within.
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The Star
22 minutes ago
- The Star
Japan tariff negotiator held in-depth talks with Lutnick, Japanese government says
(From right) Japan's Economic Revitalisation Minister Ryosei Akazawa poses with US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer in Washington on May 1. - Photo: AFP TOKYO/BRIDGEWATER, New Jersey, (Japan/US): Japan's tariff negotiator Ryosei Akazawa held "in-depth exchanges" over the phone with US Commerce Secretary Howard Lutnick on Thursday (July 3) and Saturday (July 5), the Japanese government said. A pause on a 24% reciprocal tariff on imports from Japan expires on July 9, although US President Donald Trump has suggested the rate could be even higher. The Japanese government also said in a statement that it intends to continue actively coordinating with the United States' side on the matter, as it worked to avert higher tariffs. The White House declined to comment on the report, referring only to Trump's recent comments on Japan. Trump this week hammered Japan over what he said was Tokyo's reluctance to import US-grown rice, and accusing Japan of engaging in "unfair" autos trade. Japan has in fact imported historically high volumes of US rice in recent months as domestically grown rice has skyrocketed in price since last year. It was unclear if Trump would make good his pledge to skip further trade negotiations with Japan and send it a letter with a specific tariff rate, on top of the 10% already in effect on most trading partners. On Friday he said he had signed letters to 12 countries and they would be going out on Monday, but did not identify them. He expressed doubt that a deal could be reached with Japan on Tuesday, and suggested he could impose a tariff of 30% or 35% on imports from Japan - well above the 24% tariff rate he announced on April 2. Japanese Prime Minster Shigeru Ishiba on Wednesday said he was determined to protect his country's national interests as trade negotiations with the United States struggled, noting that his country was the largest investor in the United States. Tokyo has yet to secure a trade deal after nearly three months of negotiations as it scrambles to find ways to get Washington to exempt Japan's automakers from 25% automobile industry-specific tariffs, which are hurting the country's manufacturing sector. - Reuters

Malay Mail
3 hours ago
- Malay Mail
Ukraine's Zelenskiy hails ‘most productive' call yet with Trump on air defence
WASHINGTON, July 6 — Ukrainian President Volodymyr Zelenskiy said yesterday that his latest conversation with US President Donald Trump this week was the best and 'most productive' he has had to date. 'Regarding the conversation with the president of the United States, which took place a day earlier, it was probably the best conversation we have had during this whole time, the most productive,' Zelenskiy said in his nightly video address. 'We discussed air defence issues and I'm grateful for the willingness to help. The Patriot system is precisely the key to protection against ballistic threats.' Zelenskiy said the two leaders had discussed 'several other important matters' that officials from the two sides would be considering in forthcoming meetings. Trump told reporters on Friday that he had a good call with Zelenskiy and restated his disappointment at a conversation with Russian President Vladimir Putin over what he said was Moscow's lack of willingness to work toward a ceasefire. Asked whether the United States would agree to supply more Patriot missiles to Ukraine, as requested by Zelenskiy, Trump said: 'They're going to need them for defence... They're going to need something because they're being hit pretty hard.' Russia has intensified air attacks on Kyiv and other cities in recent weeks. Moscow's forces launched the largest drone attack of the 40-month-old war on the Ukrainian capital hours after Trump's conversation with Putin on Thursday. — Reuters


The Star
4 hours ago
- The Star
Wall St Week Ahead: Investors eye tariff deadline
Investors have shifted from panicking about tariffs to relief buying. — Reuters NEW YORK: Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire. If that Wednesday deadline passes without an increase in trade tensions, it could prove positive for the markets. Negotiators from more than a dozen major US trading partners are rushing to reach agreements with US President Donald Trump's administration by July 9 to avoid even higher tariffs, and Trump and his team have kept up the pressure in recent days. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only