The Trump administration fired a new shot in its diplomatic war with China on Tuesday by imposing travel bans on Chinese officials it says are restricting foreigners’ access to Tibet.
The death toll from novel Coronavirus outbreak in China has surged to 259 while more than 11,791 have been infected with the deadly disease. Meanwhile, a total of 103 patients infected with the coronavirus (2019-nCoV) have been cured and discharged from hospitals in Wuhan city.
US President Donald Trump on Wednesday refused to roll back the massive tariff imposed on import of Chinese goods despite having succeeded to sign the first phase of a trade deal with China.
In this era of great power competition, China will emerge as America's strategic threat, a top Pentagon official has said, reiterating the need of ramping up US presence in the Indo-Pacific region.
The Trump administration is dropping its designation of China as a currency manipulator in advance of the signing Wednesday of a Phase 1 U.S.-China trade agreement. The preliminary pact that the two sides are set to sign this week includes a section that’s intended to prevent China from manipulating its currency to gain trade advantages.
Reacting to Trump’s move, the Chinese Foreign Ministry said: "This is a severe interference in Hong Kong's affairs, which are China’s internal affairs". "It is also in serious violation of international law and basic norms governing international relations. The Chinese government and people firmly oppose such stark hegemonic acts," the statement said.
Market benchmarks Sensex and Nifty started on a tepid note on Monday weighed down by a sharp fall in other Asian equities amid uncertainty over US-China trade deal and escalating political issues in Hong Kong.
President Donald Trump on Friday ruled out a complete roll back of US tariffs on the import of Chinese products, saying he was not in a hurry on a trade deal with Beijing, days after announcing that he was considering signing the first phase of the long-awaited agreement with that country.
The Panchen Lama is regarded in the Tibetan Buddhist hierarchy as the second most important after the Dalai Lama. China has appointed a six-year-old boy as the Panchen Lama.
Trump described the pact as the first part of a process that could unfold in three phases.
An RCEP without India would probably make South-East Asian countries an even more attractive destination for companies seeking to relocate some production out of China, Gupta said, adding that Vietnam, which is also a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), would be particularly well-placed.
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