
US, Chinese officials exchange barbs at Shanghai event over trade
The US consul general in Shanghai said US-China economic ties have remained unbalanced and non-reciprocal for too long. (EPA Images pic)
SHANGHAI : US and Chinese officials traded barbs at a celebration held by a US business chamber in Shanghai on Friday, as the chamber appealed to both countries to provide more certainty to American businesses operating in China.
Scott Walker, consul general of US consulate in Shanghai, told a gathering of US businesses aimed at celebrating the 110th anniversary of the American Chamber of Commerce (AmCham) in Shanghai that the US-China economic relationship had been unbalanced and non-reciprocal 'for far too long.'
'We want an end to discriminatory actions and retaliation against US companies in China,' he said.
In a speech that directly followed Walker's, Chen Jing, a Shanghai Communist Party official who is also the president of the Shanghai People's Association for Friendship with Foreign Countries, countered Walker's view.
'I believe the consul general's view is prejudiced, ungrounded and not aligning with the phone call of our heads of states last night,' he said.
The interaction reflects the continued strained relationship between both countries as the trade war continues to simmer.
US President Donald Trump and Chinese leader Xi Jinping spoke over a long anticipated call on Thursday, confronting weeks of brewing trade tensions and a battle over critical minerals. Trump later said they agreed to further talks.
It came in the middle of a dispute between Washington and Beijing in recent weeks over 'rare earths' minerals that threatened to tear up a fragile truce in the trade war between the two biggest economies.
The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration but the deal has not addressed broader concerns that strain the relationship and Trump has accused China of violating the agreement.
Eric Zheng, president of AmCham Shanghai which counts over 1,000 companies among its membership, told reporters on the sidelines of the event that many companies had put their decision-making on pause due to the uncertainty.
'People are looking for some more definitive, durable statements on both sides that enable businesses to feel more secure,' he said.
'Our number one ask from the two governments is to give us some certainty so that we can plan accordingly.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Malay Mail
4 hours ago
- Malay Mail
Trump claims he spared Khamenei's life from assassination, vows fresh Iran bombing if nuclear threat resurfaces
WASHINGTON, June 27 — US President Donald Trump said yesterday he had saved Iran's Ayatollah Ali Khamenei from assassination and lashed out at the supreme leader for ingratitude, declaring he would order more bombing if the country tried to pursue nuclear weapons. In an extraordinary outburst on his Truth Social platform, Trump blasted Tehran for claiming to have won its war with Israel and said he was halting work on possible sanctions relief. The tirade came as Iran prepared to hold a state funeral for 60 nuclear scientists and military commanders who were killed in the 12-day bombing blitz Israel launched on June 13. Iran says the scientists were among a total of at least 627 civilians killed. Trump said the United States would bomb Iran again 'without question' if intelligence indicated it was able to enrich uranium to military grade. Iran has consistently denied any ambition to develop a nuclear arsenal. Trump accused the Iranian leader of ingratitude after Khamenei said in a defiant message that reports of damage to nuclear facilities were exaggerated and that Tehran had dealt Washington a 'slap' in the face. 'I knew EXACTLY where he was sheltered, and would not let Israel, or the U.S. Armed Forces, by far the Greatest and Most Powerful in the World, terminate his life,' Trump posted. 'I SAVED HIM FROM A VERY UGLY AND IGNOMINIOUS DEATH, and he does not have to say, 'THANK YOU, PRESIDENT TRUMP!'' Trump also said that he had been working in recent days on the possible removal of sanctions against Iran, one of Tehran's main demands. 'But no, instead I get hit with a statement of anger, hatred, and disgust, and immediately dropped all work on sanction relief, and more,' Trump added, exhorting Iran to return to the negotiating table. Iran has denied it is set to resume nuclear talks with the United States, after Trump said that negotiations were set to begin again next week. Its government on Friday rejected a request by Rafael Grossi, the director of the UN's International Atomic Energy Agency, to visit facilities bombed by Israel and the United States, saying it suggested 'malign intent.' Foreign Minister Abbas Araghchi hit out at Grossi personally in a post on X for not speaking out against the air strikes, accusing him of an 'astounding betrayal of his duties.' 'Beat to hell' Asked earlier in a White House press conference whether he would consider fresh air strikes if last week's sorties were not successful in ending Iran's nuclear ambitions, Trump said: 'Sure. Without question. Absolutely.' Trump added that Khamenei and Iran 'got beat to hell'. The war of words came with a fragile ceasefire holding in the conflict between Israel and Iran. Speculation had swirled about the fate of Khamenei before his first appearance since the ceasefire — a televised speech on Thursday. Khamenei hailed what he described as Iran's 'victory' over Israel, vowing never to yield to US pressure. 'The American president exaggerated events in unusual ways, and it turned out that he needed this exaggeration,' the Iranian leader said. It was unclear if Khamenei would attend Saturday's state funeral in Tehran. The commemorations begin at 8:00 am (0430 GMT) at Enghelab Square in central Tehran, to be followed by a funeral procession to Azadi Square, about 11 kilometres (seven miles) across the sprawling metropolis. In a televised interview on Friday, Mohsen Mahmoudi, head of Tehran's Islamic Development Coordination Council, had vowed it would be a 'historic day for Islamic Iran and the revolution'. On the first day of the war on June 13, Israel killed Revolutionary Guards commander Hossein Salami. He will be laid to rest after Saturday's ceremony, which will also honour at least 30 other top commanders. Armed forces chief of staff General Mohammad Bagheri will be buried with his wife and journalist daughter who were killed alongside him in an Israeli strike. Of the 60 people who are to be laid to rest after Saturday's ceremony, four are women and four are children. Tehran is still coming to terms with the damage wrought by Israel's bombing campaign, the capital's first taste of war since the devastating 1980-88 conflict with Saddam Hussein's Iraq. Israel bombed multiple residential neighbourhoods as it killed the senior figures being laid to rest on Saturday, many of them in their own homes. Retaliatory drone and missile fire by Iran killed 28 people in Israel, according to official figures. — AFP

Malay Mail
4 hours ago
- Malay Mail
Texas keeps porn age-check law after US Supreme Court rejects free speech challenge in major online content ruling
WASHINGTON, June 28 — The US Supreme Court yesterday upheld a Texas law requiring pornographic websites to verify visitors' ages, rejecting arguments that this violates free speech and boosting efforts to protect children from online sexual content. The court's decision will impact a raft of similar laws nationwide and could set the direction for internet speech regulation as concerns about the impact of digital life on society grow. Texas is one of about 20 US states to institute checks that porn viewers are over 18, which critics argue violate First Amendment free speech rights. Britain and Germany also enforce age-related access restrictions to adult websites, while a similar policy in France was blocked by the courts a week ago. US companies like Meta, meanwhile, are lobbying Washington lawmakers for age-based verification to be carried out by smartphone giants Apple and Google on their app stores. The Texas law was passed in 2023 by the state's Republican-majority legislature but was initially blocked after a challenge by an adult entertainment industry trade association. A federal district court sided with the trade group, the Free Speech Coalition, saying the law restricted adults' access to constitutionally protected content. But a conservative-dominated appeals court upheld the age verification requirement, prompting the pornography trade group to take its case to the Supreme Court, where conservatives have a 6-3 supermajority. Under the law, companies that fail to properly verify users' ages face fines up to $10,000 per day and up to $250,000 if a child is exposed to pornographic content as a result. To protect privacy, the websites aren't allowed to retain any identifying information obtained from users when verifying ages, and doing so could cost companies $10,000 daily in fines. During arguments in January before the Supreme Court, a lawyer representing the Free Speech Coalition said the law was 'overly burdensome' and that its goal could be accomplished using content filtering programs. But Justice Amy Coney Barrett, the mother of seven children, took issue with the efficacy of content filtering, saying that from personal experience as a parent, such programs were difficult to maintain across the many types of devices used by kids. Barrett also asked the lawyer to explain why requesting age verification online is any different than doing so at a movie theater that displays pornographic movies. The lawyer for the Free Speech Coalition — which includes the popular website Pornhub that has blocked all access in some states with age verification laws — said online verification was different as it leaves a 'permanent record' that could be a target for hackers. During the court's hearing of the case in January, Chief Justice John Roberts and Justice Clarence Thomas, both Republican appointees, seemed to suggest that advances in technology might justify reviewing online free speech cases. In 1997, the Supreme Court struck down, in an overwhelming 7-2 decision, a federal online age-verification law in what became a landmark free speech case that set a major precedent for the internet age. — AFP


Malay Mail
4 hours ago
- Malay Mail
Trump slams US Fed chair Powell as ‘stubborn mule' after mild inflation rise and consumer spending dip
WASHINGTON, June 28 — The US Federal Reserve's preferred inflation measure logged a mild uptick yesterday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner. 'We have a guy that's just a stubborn mule and a stupid person,' Trump told an event at the White House, referring to Fed Chair Jerome Powell. 'He's making a mistake.' With Powell's term as Fed chief coming to an end next year, Trump hinted at his choice of successor: 'I'm going to put somebody that wants to cut rates.' The president's remarks came after government data showed the personal consumption expenditures (PCE) price index climbing 2.3 percent last month from a year ago in May. This was in line with analyst expectations and a slight acceleration from April's 2.2 percent increase, but still a relatively mild uptick. Excluding the volatile food and energy sectors, the PCE price index was up 2.7 percent, rising from April's 2.6 percent uptick, the Commerce Department's report showed. But consumer spending declined, after Trump's fresh tariffs in April dragged on consumer sentiment. PCE dropped by 0.1 percent from the preceding month, reversing an earlier rise. While Trump has imposed sweeping tariffs on most US trading partners since returning to the White House in January — alongside higher rates on imports of steel, aluminium and autos — these have had a muted effect so far on inflation. This is in part because he held off or postponed some of his harshest salvos, while businesses are still running through inventory they stockpiled in anticipation of the levies. But central bank officials have not rushed to slash interest rates, saying they can afford to wait and learn more about the impact of Trump's recent duties. They expect to learn more about the tariffs' effects over the summer. 'Clear weakening' 'The experience of the limited range of tariffs introduced in 2018 suggests that pass-through to consumer prices is intense three-to-six months after their implementation,' warned economists Samuel Tombs and Oliver Allen of Pantheon Macroeconomics in a note. They flagged weakness in consumer spending, in part due to a pullback in autos after buyers rushed to get ahead of levies. And spending on services was tepid even after excluding volatile components, they said. 'There has also been a clear weakening in discretionary services spending, notably in travel and hospitality,' said Michael Pearce, deputy chief US economist at Oxford Economics, in a note. This reflects 'the chilling effect of the plunge in consumer sentiment,' he added. Between April and May, the PCE price index was up 0.1 percent, the Commerce Department report showed. As a July deadline approaches for higher tariff rates to kick in on dozens of economies, all eyes are also on whether countries can reach lasting trade deals with Washington to ease the effects of tariffs. For now, despite the slowing in economic growth, Pearce said risks that inflation could increase will keep the Fed on hold with interest rates 'until much later in the year.' — AFP