Barclays Thinks U.S. Will Remove China Tariffs

President Donald Trump arrives at Joint Base Elmendorf-Richardson, Thursday, Feb. 28, 2019, in Anchorage, Alaska., during a refueling stop as he returns from Hanoi. (AP Photo/ Evan Vucci) photo credit: ASSOCIATED PRESS That does it. The market consensus on the China trade war seems to have tilted ever so slightly to President Trump caving. Tariffs don’t go up. If Barclays Capital is right, tariffs actually go down. On Friday, Barclays said in their weekly global outlook report that their new base case scenario is for a U.S.-China trade deal that…

Brexit vs the world: Is Britain too self-obsessed?

Listen and subscribe to Politics: Where Next? on Apple Podcasts, Spotify and other good apps. On this week’s episode: As the Brexit process treads water, we’ve decided to stand back and ask: does Brexit matter in the big scheme of things? Is it virtually irrelevant beside the forces that are shaping our changing world? I chat to Peter Frankopan, Oxford professor of global history and author of the best-selling The Silk Roads and The New Silk Roads. He writes amongst other things about China’s growth, its mastery of artificial intelligence, its global reach and…

How China handles border disputes with neighbours India, Taiwan, Japan and others

Updated March 09, 2019 07:41:36 Photo: Some of China’s territorial disputes have been solved amicably, others resulted in all-out war. (China Military Online) With more than 22,117 kilometres of borders with 14 different countries, China has numerous overlapping territorial claims with its neighbours. Key points: China has steadily resolved most of its old land disputes in order to focus on India and sea zones As recently as 2017 India and China came close to armed conflict over disputed zones As China’s power grows, it is increasingly confident in challenging its…

Chinese ship rams, sinks Vietnamese fishing boat

HANOI, Vietnam — A Vietnamese fishing boat capsized after being rammed by a Chinese vessel in the South China Sea’s contested Paracel Islands, a Vietnamese official said Friday. China said its boat came upon the fishing vessel after it started sinking and sought help for the crew. The boat was fishing near Discovery Reef when the incident occurred Wednesday, said the Vietnamese official, who spoke on condition of anonymity because he is not authorized to speak to the press. The Paracel archipelago is claimed by both Vietnam and China, which…

South China Sea WARNING: Vietnam blasts China ‘ATTACK’ on boat | World | News

The Hanoi government believes the boat was around 200 miles from the Da Nang near Discovery Reef in the Paracel island chain on Wednesday when it was hit by the Chinese vessel. Five Vietnamese fishermen were rescued as they clung to the sinking boat. It comes amid rising tension between China and Vietnam, with Hanoi claiming at least ten boats were attacked in the South China Sea in April and May last year. Beijing has also been accused of ramping up its military presence in the South China Sea. Admiral…

Cabinet to restore equal status to Sabah, S’wak

Liew Vui Keong KOTA KINABALU: The Federal Cabinet has agreed to table the proposal to amend Article 1(2) of the Federal Constitution to restore Sabah and Sarawak’s status as equal partners under one nation, at the upcoming parliamentary session. “As at today (Friday), I am pleased to announce that, last Wednesday, the Cabinet had agreed to table the amendment to Article 1(2) of the Federal Constitution – to make Sabah, Sarawak and Peninsular Malaysia as equal partners. “This is a giant leap towards the realisation of the implementation of the…

Philippines, Malaysia press freedom of navigation in South China Sea

Duterte thanks Malaysia for supporting peace process MANILA, Philippines — President Duterte and visiting Malaysian Prime Minister Mahathir Mohamad emphasized yesterday the importance of freedom of navigation and overflight in the South China Sea in maintaining peace and progress in the region, which is grappling with territorial disputes as well as China’s muscle-flexing. Emerging from an expanded bilateral meeting at the Aguinaldo State Dining Room, Duterte said he and the 93-year-old Malaysian leader also committed to observe the “rule of law” and international rules in handling disputes. Mahathir began his…

PH focus should be on South China Sea, not Sabah: analyst

MANILA – The Philippines is not doing enough in asserting its claim in the South China Sea, an analyst said Friday. Karim Raslan, founder of the public affairs and political risk consultancy firm, KRA Group, said the Philippines must not get lost in the Sabah claim issue, which he describes as a red herring. “The real thing is what’s happening in the South China Sea? What’s happening in the West Philippine Sea and how do Philippines, Malaysia and Vietnam deal with China,” he said on ANC’s Headstart. The Philippines is…

US will defend Philippines in South China Sea: Pompeo, SE Asia News & Top Stories

The United States warned yesterday that any attack on Philippine security forces in the South China Sea would trigger a 67-year-old treaty requiring American troops to intervene. “Any armed attack on Philippine forces, aircraft or public vessels in the South China Sea would trigger mutual defence obligations under Article 4 of our Mutual Defence Treaty,” US Secretary of State Mike Pompeo said at a news briefing. Mr Pompeo arrived in Manila on Thursday, after taking part in a summit in Hanoi between US President Donald Trump and North Korean leader…

China Eyes Alternative Sources for Maritime Expansion

TAIPEI —  Officials in Beijing are expected to take money from non-defense sources this year to solidify their military control in the disputed South China Sea following a proposed slowdown in formal defense spending. China will increase defense spending by 7.5 percent this year, according to a draft budget report submitted to a National People’s Congress session Tuesday. That increase would bring spending to $177.6 billion. The budget grew 8.1 percent last year. Consistent with past practice, the government will protect and possibly expand its already dominant military presence in…