Donald Trump Quashes China Summit Rumors: 'No Interest'
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
Donald Trump has rejected reports that he is seeking a summit with China's president Xi Jinping.
In a post on Truth Social, he said: "The Fake News is reporting that I am SEEKING a 'Summit' with President Xi of China. This is not correct, I am not SEEKING anything! I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest! Thank you for your attention to this matter."
The comments follow claims that discussions were underway over a potential meeting when Trump travels to Asia later this year. Reuters reported that there have been discussions about a possible stopover during the Asia-Pacific Economic Cooperation summit in South Korea in November.
Any meeting would be the first face-to-face encounter between Trump and Xi during his second term, which has been marked by heightened tensions over trade.
President Donald Trump at a meeting with Prime Minister Keir Starmer in Scotland on Sunday.
President Donald Trump at a meeting with Prime Minister Keir Starmer in Scotland on Sunday.This is a developing story. More to follow.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Trump tariffs don't spare his fans in EU
Hungarian Prime Minister Viktor Orban promised that the return of his "dear friend" Donald Trump as US president would usher in a new "golden age". But trade unionist Zoltan Laszlo says Hungary's auto industry has seen the opposite as the United States announced new tariffs, with order cancellations and workflow disruptions marking employees' day-to-day experience. With tariff rates rising from 2.5 percent before Trump's return to around 25 percent and finally to 15 percent, the "American tariff slalom" has caused nothing but chaos in the car industry, said Laszlo, who represents workers at Mexican automotive parts manufacturer Nemak's Hungarian plant. In recent years, Hungary and neighbouring Slovakia have become European manufacturing hubs for global car brands seeking lower labour costs, including British Jaguar Land Rover, German Mercedes and Japanese Suzuki. But due to the export-oriented nature of their automotive sectors, catering in part to the US market, they are among those EU nations hardest-hit by the latest tariffs slated to kick in on August 7. Despite hailing Trump's comeback and visiting him twice at his Mar-a-Lago luxury estate last year, Orban -- his closest EU ally -- was not spared the pain. - Distress calls - Neither were more favourable conditions extended to Slovakian Prime Minister Robert Fico, whose country is the world's largest automobile manufacturer per capita. According to analyst Matej Hornak, the incoming tariffs won't bode well. He warns of a drop in exports amounting to "several hundred million euros" and the loss of "10,000-12,000" jobs in the sector. After the announcement of the EU-US trade deal, Orban was quick to apportion blame to EU Commission president Ursula von der Leyen, saying Trump "ate" her "for breakfast". But in April, the mayor of the Hungarian city of Gyor, whose strong economic growth is closely linked to its car manufacturing plants, had already warned of possible cutbacks and layoffs. For the city, which is home to various global brands and more than a dozen different parts and component suppliers including Nemak, the fresh tariffs are a disaster. As one of the biggest employers in Hungary, German carmaker Volkswagen alone provides jobs for more than 12,000 people. Its main engine factory in Gyor produces some Audi-branded vehicles directly for the US market. The Hungarian government has said that it is still assessing the impact of the tariff rates, vowing that upcoming business deals with Washington could mitigate the negative effects of Trump's "America first" policy. - Difficult compromise - But more headwinds are ahead for Hungary and Slovakia, said Brussels-based geopolitical analyst Botond Feledy. "When it comes to European dealmaking, Trump now prioritises more geopolitically influential figures -- the main option for smaller nations such as Slovakia and Hungary is to join forces with others," he told AFP. But the "aggressive posturing" in the same vein of Trump's protectionist policies both countries adopted in recent months have isolated them among fellow EU countries, making compromises difficult, the expert added. Moreover, the stakes are high for Orban, whose 15-year rule has recently been challenged by former government insider-turned-rival Peter Magyar ahead of elections scheduled for next spring. "Dissatisfaction with the standard of living has made voters more critical, which is also reflected in the popularity ratings of the governing parties," said economist Zoltan Pogatsa, adding that "Hungary has been in a state of near stagnation for many years now". This year's economic "flying start" touted by Orban did not materialise, with the government further lowering the country's growth goal from the initial 3.4 to one percent. "So far, Trump's second presidency has only impacted the Hungarian economy through his tariff policy, which has been negative," Pogatsa added. At the Nemak plant, a recent warning strike has led to management promising to sort out the unpredictable work schedules caused by the tariff changes, which were "unhealthy and physically unbearable" and made "family and private life become incompatible with work", said Laszlo. pv-ros/kym/rl/tc
CNN
13 minutes ago
- CNN
Tycoon who helped bring F1 to Singapore pleads guilty in graft case
AsiaFacebookTweetLink Follow Property tycoon Ong Beng Seng pleaded guilty to one charge of abetting the obstruction of justice on Monday in part of a landmark case that led to the jailing of former transport minister S. Iswaran for obtaining valuable items as a public servant last year. However, both the prosecution and defence agreed to grant Ong judicial mercy given his chronic illness, and argued for him to be fined in lieu of imprisonment. He will be sentenced on Aug 15. A second charge of abetting an offence was also taken into consideration. Judicial mercy gives courts the authority to give a more lenient sentence in exceptional mitigating circumstances, such as a terminal illness or when imprisonment could pose a high risk of endangering a life. The defence submitted that Ong suffers from multiple myeloma, an incurable cancer that affects his blood plasma cells and renders him immuno-compromised. The case has been the subject of major intrigue in Singapore, a wealthy financial hub that offers ministers salaries of more than S$1 million ($775,000) to deter graft and prides itself on its reputation for clean governance. Ong had informed Iswaran that his associates had been questioned and a private flight manifest with Iswaran's name on it for a flight from Singapore to Doha had been seized by the corruption watchdog during investigations. This led Iswaran to ask Ong to issue an invoice through Singapore GP, promoter of the Singapore F1 Grand Prix, to bill him for the trip, which prosecutors say Iswaran knew would make it less likely that he would be investigated. Iswaran was sentenced to 12 months in prison in October 2024, the first time a former cabinet member had ever been jailed in Singapore, on charges of obstructing justice and receiving more than $300,000 worth of gifts. In February, Iswaran was put under house arrest for the remainder of his sentence. Ong gave Iswaran tickets to English Premier League soccer matches, the Singapore Formula 1 Grand Prix, London musicals and a ride on a private jet among other favours. Iswaran was an adviser to the Singapore Grand Prix's steering committee, while Ong, 79, owns the rights to the race. The billionaire stepped down as managing director of Singapore-listed Hotel Properties in April.
Bloomberg
13 minutes ago
- Bloomberg
Modi Defiant as Trump Steps Up Pressure on India
US President Donald Trump has said he would be 'substantially raising' the tariff on Indian exports to the US over the Asian nation's purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies. Bloomberg's Jon Herskovitz explains why Indian Prime Minister Narendra Modi has struck a defiant tone in the face of Trump's tariff threats. (Source: Bloomberg)
