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	<title>trade talks &#8211; The Milli Chronicle</title>
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	<title>trade talks &#8211; The Milli Chronicle</title>
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		<title>Trump-Xi Iran Accord Sharpens Pressure Over Strait, Nuclear Standoff</title>
		<link>https://millichronicle.com/2026/05/67126.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Fri, 15 May 2026 07:43:47 +0000</pubDate>
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					<description><![CDATA[Beijing-U.S. President Donald Trump said on Friday he and Chinese President Xi Jinping agreed that Iran must not obtain nuclear]]></description>
										<content:encoded><![CDATA[
<p><strong>Beijing-</strong>U.S. President Donald Trump said on Friday he and Chinese President Xi Jinping agreed that Iran must not obtain nuclear weapons and that the Strait of Hormuz should remain open, as Washington seeks Beijing’s support to contain escalating disruption from the Iran war.</p>



<p><br>Trump’s remarks followed a second day of talks with Xi in Beijing covering Iran, Taiwan, trade and regional security, amid mounting concern over energy supplies and maritime instability linked to the conflict.<br>“We’ve settled a lot of different problems that other people wouldn’t have been able to solve,” Trump told reporters after the meeting.</p>



<p><br>The White House said both leaders agreed the Strait of Hormuz — through which roughly one-fifth of global oil and liquefied natural gas shipments passed before the conflict — must remain open to international shipping.</p>



<p><br>Iran effectively curtailed most commercial traffic through the strategic waterway following U.S.-Israeli strikes that began on Feb. 28, triggering major disruption in global energy markets and renewed fears over supply-chain shocks.</p>



<p><br>Trump said Xi had also assured Washington that China would not provide military equipment to Tehran.<br>“He said he’s not going to give military equipment, that’s a big statement,” Trump said during an interview with Fox News’ “Hannity.”</p>



<p><br>China, Iran’s largest oil customer and one of its closest strategic partners, did not publicly confirm details of the discussions. However, China’s foreign ministry criticized the continuation of the war, saying the conflict “should never have happened” and had no justification to continue.</p>



<p><br>The war has become a growing political and economic challenge for the White House ahead of U.S. midterm elections later this year, with prolonged instability pushing up global energy costs and disrupting shipping routes across the Gulf.</p>



<p><br>Trump signaled increasing impatience with stalled diplomatic efforts involving Tehran.</p>



<p><br>“I am not going to be much more patient. They should make a deal,” Trump said in the televised interview.<br>Negotiations aimed at ending the conflict have remained deadlocked after Iran rejected demands to halt its nuclear program and surrender enriched uranium stockpiles. Tehran maintains its nuclear activities are intended for civilian purposes and denies seeking atomic weapons capability.</p>



<p><br>Trump suggested the issue of Iran’s uranium reserves was partly symbolic from Washington’s perspective.<br>“I just feel better if I got it,” he said, referring to the stockpile. “It’s more for public relations than it is for anything else.”</p>



<p><br>The White House said Xi expressed opposition to the militarisation of the Strait of Hormuz and rejected proposals linked to imposing tolls on shipping transiting the corridor, an idea Iranian officials have previously raised.</p>



<p><br>U.S. Treasury Secretary Scott Bessent said in an interview from Beijing that China had strong economic incentives to help restore maritime traffic through the strait.</p>



<p><br>Analysts, however, questioned whether Beijing would significantly pressure Tehran, given Iran’s strategic value as a counterweight to U.S. influence in the Middle East.</p>



<p><br>The conflict has increasingly spilled into regional shipping lanes.</p>



<p><br>An Indian cargo vessel carrying livestock from Africa to the United Arab Emirates sank off Oman on Wednesday after reportedly being struck by a missile or drone, according to British maritime security firm Vanguard. India said all 14 crew members were rescued.</p>



<p><br>Separately, Britain’s UK Maritime Trade Operations agency reported that unauthorized personnel boarded a vessel anchored near the UAE port of Fujairah and redirected it toward Iranian waters.</p>



<p><br>Vanguard said the ship was believed to have been seized by Iranian personnel.</p>



<p><br>Fujairah, located outside the Strait of Hormuz on the Gulf of Oman, serves as the UAE’s only oil export terminal bypassing the narrow maritime chokepoint.<br>Diplomatic efforts linked to the broader regional conflict continued separately in Washington, where Lebanese and Israeli officials held talks on Thursday that a senior U.S. State Department official described as productive and positive.</p>



<p><br>Trump has said the objectives of the campaign against Iran include dismantling Tehran’s nuclear program, reducing its regional military capabilities and increasing pressure on the Iranian leadership.</p>
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		<title>Trump-Xi Talks Expose Fault Lines Beneath Warmer US-China Tone</title>
		<link>https://millichronicle.com/2026/05/67117.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Fri, 15 May 2026 05:25:08 +0000</pubDate>
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					<description><![CDATA[Beijing-U.S. President Donald Trump said relations between Washington and Beijing were improving as he concluded a multi-day visit to China]]></description>
										<content:encoded><![CDATA[
<p><strong>Beijing-</strong>U.S. President Donald Trump said relations between Washington and Beijing were improving as he concluded a multi-day visit to China on Friday, despite sharp divisions over Taiwan, Iran, trade and security issues that dominated talks with Chinese President Xi Jinping.</p>



<p><br>Trump, wrapping up meetings in Beijing before returning to Washington, described ties with China as being in “a good place” and said Xi had congratulated him on recent political and diplomatic successes during their discussions.</p>



<p><br>The optimistic rhetoric contrasted with persistent tensions between the world’s two largest economies, particularly over Taiwan and the ongoing Iran conflict, which has disrupted global energy markets and intensified geopolitical competition.</p>



<p><br>Chinese officials said Xi warned Trump during private talks that mishandling the Taiwan issue could push the two powers toward “clashes and even conflicts,” underscoring Beijing’s view that the self-ruled island remains its most sensitive sovereignty concern.</p>



<p><br>U.S. Secretary of State Marco Rubio said Washington’s policy toward Taiwan remained unchanged and cautioned Beijing against attempting to take the island by force.</p>



<p><br>“It would be a terrible mistake,” Rubio told NBC News, adding that both sides routinely reiterated their established positions during high-level engagements.<br>Taiwan has emerged as a growing source of friction in U.S.-China relations amid expanded American arms support for Taipei and increasing Chinese military pressure around the island. </p>



<p>The White House announced an $11 billion weapons package for Taiwan in December, the largest approved for the island, although deliveries have yet to begin.<br>Trump has also pressed Taiwan to raise defense spending and expand investment in U.S. semiconductor manufacturing, while calling for Taipei to increase purchases of American energy exports.</p>



<p><br>China has intensified its rhetoric in recent weeks, emphasizing that Taiwan lies at the “core” of its national interests. Analysts in Taiwan said Beijing’s sharper tone reflected growing concern over deepening defense cooperation between Washington and Taipei.</p>



<p><br>Iran and the closure of the Strait of Hormuz also featured prominently in discussions between Trump and Xi, according to U.S. officials.</p>



<p><br>Trump said both leaders agreed the strategic waterway should reopen after disruptions linked to the Iran conflict sharply reduced oil shipments and fueled volatility in global energy markets. Before the conflict erupted on Feb. 28, roughly one-fifth of global oil supplies passed through the strait.</p>



<p><br>Speaking to Fox News, Trump said Xi had privately offered assistance in resolving the conflict and expressed opposition to imposing tolls on vessels crossing Hormuz.</p>



<p><br>“He’d like to see the Hormuz Strait open,” Trump said, adding that Xi indicated China could consider purchasing more U.S. oil to reduce reliance on Gulf supplies over time.</p>



<p><br>Beijing has criticized U.S. and Israeli military operations against Iran but also faces economic risks from prolonged instability in the Gulf, given China’s dependence on imported energy and export-driven growth model.</p>



<p><br>Rubio said administration officials sought to persuade Chinese counterparts that resolving the conflict aligned with Beijing’s economic interests, warning that sustained turmoil could weaken global demand and harm Chinese exports.</p>



<p><br>Trade and investment were also central to the visit, with the White House signaling before Trump’s arrival that it expected concrete economic outcomes from the trip.</p>



<p><br>Trump said Xi had indicated China could purchase 200 Boeing aircraft from the United States, while both governments discussed increasing Chinese imports of U.S. agricultural products including soybeans and beef.<br>The two sides also explored expanding bilateral investment opportunities and establishing a joint trade board aimed at managing commercial disputes, according to the White House.</p>



<p><br>Chinese Premier Li Qiang emphasized stability and cooperation during meetings with senior American business executives accompanying Trump’s delegation, including Elon Musk, Tim Cook and Jensen Huang.</p>



<p><br>“China and the United States have been able to maintain frank and smooth dialogue and communication,” Li said, while calling for both sides to safeguard stable bilateral ties amid global uncertainty.</p>
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		<item>
		<title>Trump and Xi Align on Iran Nuclear Threat, Hormuz Security at Beijing Summit</title>
		<link>https://millichronicle.com/2026/05/67067.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Thu, 14 May 2026 15:51:07 +0000</pubDate>
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		<guid isPermaLink="false">https://millichronicle.com/?p=67067</guid>

					<description><![CDATA[Beijing — Donald Trump and Chinese President Xi Jinping agreed during talks in Beijing that Iran must not obtain a]]></description>
										<content:encoded><![CDATA[
<p><strong>Beijing</strong> — Donald Trump and Chinese President Xi Jinping agreed during talks in Beijing that Iran must not obtain a nuclear weapon and that the Strait of Hormuz should remain open to global shipping, the White House said on Thursday, as the two powers sought to stabilize ties amid intensifying geopolitical tensions.</p>



<p>The agreement emerged during the opening phase of a two-day summit in the Chinese capital that both sides framed as an effort to preserve cooperation between the world’s two largest economies despite disputes over trade, Taiwan and global security.</p>



<p>Xi told Trump that stable ties between China and the United States benefited the international community and warned that confrontation between the two countries would damage both sides.“When we cooperate, both sides benefit; when we confront each other, both sides suffer,” Xi said during opening remarks at the Great Hall of the People.</p>



<p>Trump, whose approval ratings have come under pressure amid the Iran war and rising inflation, described the gathering as potentially “the biggest summit ever” and invited Xi to visit Washington later this year.During a state banquet, Trump praised Xi as “a great leader” and said the two countries would pursue broader cooperation despite ongoing strategic rivalry.</p>



<p>Chinese officials said economic negotiations held in South Korea on Wednesday between US and Chinese trade teams had produced “balanced and positive outcomes,” aimed at preserving a trade truce reached last October that suspended steep tariffs and eased tensions over rare earth exports.</p>



<p>The leaders also discussed expanding cooperation in agriculture, trade and artificial intelligence while exchanging views on conflicts in the Middle East, Ukraine and the Korean Peninsula, according to Chinese state broadcaster CCTV.Taiwan remained a central point of friction.</p>



<p> Xi warned Trump that mishandling the issue could push bilateral relations toward “a dangerous situation,” according to China’s foreign ministry.Taiwan, the democratically governed island claimed by Beijing, continues to receive military support from Washington under longstanding US law despite the absence of formal diplomatic recognition.</p>



<p>Joining Trump in Beijing were senior US business executives including Elon Musk and Jensen Huang, reflecting Washington’s push for greater access to Chinese markets and reduced trade imbalances.China, meanwhile, is seeking relief from US export restrictions on advanced semiconductors and chipmaking equipment.</p>



<p>Analysts said shifting geopolitical conditions have altered the balance of the relationship since Trump’s previous Beijing visit in 2017. While China’s economy has slowed, Beijing faces less immediate domestic political pressure than Washington, where inflation, legal disputes over tariffs and the Iran conflict have complicated Trump’s agenda ahead of midterm elections.</p>



<p>The Iran conflict also featured prominently in discussions, with Trump expected to encourage Beijing to press Tehran toward a diplomatic settlement. However, analysts said China was unlikely to significantly reduce support for Iran, which Beijing views as an important strategic partner and counterweight to US influence.</p>



<p>US Secretary of State Marco Rubio said it was in China’s economic interest to help stabilize the Gulf region, noting that disruptions in shipping and trade would affect Chinese exports and maritime traffic.</p>
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		<title>Singapore Seeks Tariff Exemptions After U.S. Imposes 100% Duties on Branded Drugs</title>
		<link>https://millichronicle.com/2025/09/56121.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sat, 27 Sep 2025 08:53:39 +0000</pubDate>
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					<description><![CDATA[Singapore’s government is actively pressing the United States to grant exemptions from sweeping new 100% tariffs on branded pharmaceutical imports,]]></description>
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<p>Singapore’s government is actively pressing the United States to grant exemptions from sweeping new 100% tariffs on branded pharmaceutical imports, as Singaporean officials and industry leaders work to safeguard a key export sector.</p>



<p>Deputy Prime Minister and Trade Minister Gan Kim Yong affirmed on Saturday that Singapore’s pharmaceutical firms are exploring whether they qualify for carve-outs under the U.S. tariff regime. The country currently exports about $3.1 billion worth of pharmaceutical products to the U.S., representing around 13% of its total exports to America.</p>



<p>Gan noted most of these exports are branded medicines, adding that many firms already maintain or are expanding operations in the U.S., which could position them favorably for exemptions.</p>



<p>He pressed ahead with ongoing trade talks between Singapore and Washington, emphasizing that both sides are working through details affecting both the pharmaceutical and semiconductor sectors. During his recent meeting with U.S. Commerce Secretary Howard Lutnick, officials discussed how to structure arrangements that preserve competitiveness while respecting U.S. policy goals.</p>



<p>“Ultimately, we hope to be able to have an arrangement with the U.S. to allow us to continue to be competitive in the U.S. market,” Gan said, stressing the importance of preferential treatment rather than blanket tariffs.</p>



<p>In July, the effective U.S. tariff rate on Singaporean exports rose to 7.8% from 6.8%, influenced in part by prior tariff hikes on steel and aluminum. Singapore’s export portfolio to the U.S. includes large shares of pharmaceuticals, semiconductors, and electronics—sectors vulnerable to broader trade policy shifts.</p>



<p>While the 100% duty is a major escalation, Gan portrayed it as a negotiation issue, not a breaking point. The government and industry appear intent on engaging with the U.S. to find a balanced and durable solution.</p>
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