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Tariff War

Trump Met With Popular Protests In South Korea

Hundreds of protesters took to the streets in Gyeongju and several other cities in South Korea to oppose US President Donald Trump’s visit to the country on Wednesday, October 29. Protesters in Gyeongju tried to march to the Bomun Tourist Complex, the venue of the Asia Pacific Economic Cooperation (APEC) summit. They were stopped nearly five kilometers from the venue by security forces, The Korean Times reported. Despite the security barricade, some of the protesters reached near the summit venue which caused a brief clash with security forces and led to minor injuries. Protesters carried banners and posters denouncing US policies and shouted slogans such as “No King: Trump is not welcome!” and “No APEC!”

China Warns Of Retaliation As US Pushes 100% Tariffs

Last week, US President Donald Trump demanded that his European allies impose a 100% tariff against China and India for importing oil from Russia. He apparently promised the European envoy that he would match Europe and impose similar tariffs against both countries. Trump has accused China and India of funding the war in Ukraine by importing oil from Russia. This was confirmed by US Treasury Secretary Scott Bessent on Monday in an interview with Reuters. He claimed that his country will not impose more tariffs on China and India over Russian oil imports until the Europeans do it. In response, China reiterated that no amount of external pressure or coercion will make it compromise its “sovereignty, security and development interests” and warned that if its “legitimate rights and interests are harmed” in any way it will “resolutely take countermeasures to safeguard” them.

Xi Jinping Proposes A New Global Governance Framework At SCO Summit

The 25th Heads of State Summit of the Shanghai Cooperation Organization (SCO) concluded in Tianjin, China, on Monday, September 1, with the adoption of the Tianjin declaration, which calls for a peaceful and equitable global governance and increased South-South cooperation. The summit highlighted the “fluid and chaotic global situation” created due to the unilateral actions of some countries in the West. It noted that the fast changing global scenario has a profound effect on all aspects of life. In this context, the SCO adopted a strategy for the development of the block in the next 10 years, reiterating its faith in international law and the UN charter.
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