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Bessent says US has 'makings of a deal' with China

Bessent says US has 'makings of a deal' with China

Straits Timesa day ago
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FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks during a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall/TT News Agency/via REUTERS/File Photo
WASHINGTON - U.S. Treasury Secretary Scott Bessent said on Friday that he believed that Washington has the makings of a deal with China and that he was "optimistic" about the path forward.
"This week's negotiations in Stockholm have advanced our talks with China, and I believe that we have the makings of a deal that will benefit both of our great nations," Bessent said in a post on X that was subsequently deleted.
"I am optimistic about the path forward," he added.
A Treasury Department spokesperson said the post was being reposted because the images attached to it had not uploaded correctly. The spokesperson also noted that the language in the post was in line with what Bessent had said in various media interviews this week.
In an interview with CNBC on Thursday, Bessent said the United States believes it has the makings of a trade deal with China, but it is "not 100% done."
U.S. negotiators "pushed back quite a bit" over two days of trade talks with the Chinese in Stockholm this week, Bessent told CNBC.
China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end escalating tit-for-tat tariffs and a cut-off of rare earth minerals. REUTERS
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How Pakistan shot down India's cutting-edge fighter using Chinese gear, Asia News
How Pakistan shot down India's cutting-edge fighter using Chinese gear, Asia News

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How Pakistan shot down India's cutting-edge fighter using Chinese gear, Asia News

ISLAMABAD/NEW DELHI — Just after midnight on May 7, the screen in the Pakistan Air Force's operations room lit up in red with the positions of dozens of active enemy planes across the border in India. Air Chief Mshl. Zaheer Sidhu had been sleeping on a mattress just off that room for days in anticipation of an Indian assault. New Delhi had blamed Islamabad for backing militants who carried out an attack the previous month in Indian Kashmir, which killed 26 civilians. Despite Islamabad denying any involvement, India had vowed a response, which came in the early hours of May 7 with air strikes on Pakistan. Sidhu ordered Pakistan's prized Chinese-made J-10C jets to scramble. A senior Pakistani Air Force (PAF) official, who was present in the operations room, said Sidhu instructed his staff to target Rafales, a French-made fighter that is the jewel of India's fleet and had never been downed in battle. "He wanted Rafales," said the official. 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The US said it had no choice but to deport them to a third country. Then it sent them home, World News
The US said it had no choice but to deport them to a third country. Then it sent them home, World News

AsiaOne

timean hour ago

  • AsiaOne

The US said it had no choice but to deport them to a third country. Then it sent them home, World News

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The Trump administration in July pressed other African nations to take migrants and has asked the Pacific Islands nation of Palau, among others. Under US law, federal immigration officials can deport someone to a country other than their place of citizenship when all other efforts are "impracticable, inadvisable or impossible". Immigration officials must first try to send an immigrant back to their home country, and if they fail, then to a country with which they have a connection, such as where they lived or were born. For a Lao man who was almost deported to Libya in early May, hearing about the renewed third-country deportations took him back to his own close call. In an interview from Laos granted on condition of anonymity because of fears for his safety, he asked why the US was "using us as a pawn?" His attorney said the man had served a prison sentence for a felony. Reuters could not establish what he was convicted of. 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New Zealand to charge foreign visitors at popular tourist sites
New Zealand to charge foreign visitors at popular tourist sites

Straits Times

time2 hours ago

  • Straits Times

New Zealand to charge foreign visitors at popular tourist sites

Sign up now: Get ST's newsletters delivered to your inbox New Zealand will begin charging foreign tourists up to NZ$40 (S$30) to visit its most popular tourist destinations such as Milford Track and Mount Cook as the government seeks ways to help spur economic growth. The country's pristine national parks and great walks are 'truly special to New Zealanders' and foreigners should pay a fee at high traffic sites, Prime Minister Christopher Luxon said in a speech Saturday. The NZ$62 million in annual revenue generated will be re-invested into those locations, he said. 'I have heard many times from friends visiting from overseas their shock that they can visit some of the most beautiful places in the world for free,' Luxon said. 'It's only fair that at these special locations, foreign visitors make an additional contribution of between NZ$20 and NZ$40 per person.' New Zealand has earmarked tourism as a key avenue to generate economic growth as the nation's recovery from a recession last year gathers pace. The government from November will replace a costly transit visa for Chinese travelers in a bid to attract visitors. The government will initially consider introducing the fee at Cathedral Cove, Tongariro Crossing, Milford Track and Mount Cook, sites where foreigners often make up 80% of visitors, Luxon said. 'At the same time, there will be no charge for New Zealanders to access the conservation estate,' he said. 'It's our collective inheritance and Kiwis shouldn't have to pay to see it.' BLOOMBERG

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