ReportWire

Tag: Emerging Market Countries

  • Trump’s Big Tariff Task in Asia Is to Close the Deal

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    President Trump’s quest to reorder global trade through personal diplomacy will be tested during his tour of Asia this week, as he faces the tantalizing prospect of a pact with China and the chance to bust through obstacles to completing deals with other key trading partners.

    On Sunday, Trump won some momentum by winning tariff agreements with a handful of Southeast Asian nations. He also sounded an optimistic note on China ahead of a meeting with Chinese leader Xi Jinping planned for later this week. “I think we are going to come away with a deal,” Trump said Monday aboard Air Force One en route to Japan.

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    Jason Douglas

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  • Opinion | Xi Gives Trump a Taiwan Test

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    China’s president wants the U.S. to oppose the democratic island’s independence.

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    The Editorial Board

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  • America’s Hottest New Investment: Rare-Earth Companies

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    A cascade of billion-dollar deals is reshaping the once-dormant Western critical-minerals industry, which the U.S. and its allies hope will act as a bulwark against aggressive trade practices by China.

    Since China began restricting exports of rare earths in April—causing auto factories to halt production and rare-earth prices to shoot up—a wave of private and government funding has flowed into rare-earth companies. They now have money to hire technical experts, expand plants and make strategic acquisitions as they race to build out a non-Chinese supply of materials required in high-tech manufacturing.

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    Jon Emont

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  • Two U.S. Navy Aircraft From Same Carrier Crash Into South China Sea

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    KUALA LUMPUR, Malaysia—A U.S. military helicopter and a jet fighter from the same aircraft carrier crashed into the South China Sea within 30 minutes of each other on Sunday.

    The two aircraft’s five crew members were rescued and are in stable condition, the U.S. Pacific Fleet said on X. Both aircraft had taken off from the USS Nimitz, America’s oldest aircraft carrier that is returning to its home base on the U.S. West Coast for decommissioning scheduled for next year.

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    Gabriele Steinhauser

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  • China Industrial Profits Keep Up Strong Growth

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    China’s industrial profits rose sharply in September, extending momentum from a stronger-than-expected increase in August.

    Industrial profits rose 21.6% from a year earlier in September, following a 20.4% rise in August that ended a three-month run of declines, data from the National Bureau of Statistics showed on Monday.

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  • The Effort to Court Trump Abroad: Deals, Flattery and Jet Fighters

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    KUALA LUMPUR, Malaysia—World leaders have developed something of a blueprint for President Trump when he comes to visit: produce a lavish welcoming ceremony and launch a charm offensive in hopes of securing relief from U.S. tariffs and demands to spend more on defense.

    Recent overseas trips have involved escorting Air Force One with jet fighters during its final approach and lining red carpets with uniformed soldiers and traditional dancers. Upon Trump’s arrival, foreign hosts often exalt him for his role in reaching a significant trade or peace deal. There have been repeated pledges to nominate the president for the Nobel Peace Prize.

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    Alexander Ward

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  • Trump Reaches Trade Pacts With Southeast Asian Nations

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    The Trump administration said it reached trade agreements with Malaysia and Cambodia, and frameworks for deals with Thailand and Vietnam during President Trump’s trip across Asia. The announcements, while not legally binding, represent significant progress in Trump’s quest to lower trade barriers for U.S. goods abroad.

    Here’s what to know:

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    Gavin Bade

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  • U.S., China Sound Confident Note After Trade Talks

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    [ad_2] Hannah Miao
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  • As Trump and Xi Get Set to Talk Trade, Asia Worries About Impact on Its Security

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    President Trump put the world on notice in his first term that the U.S. was preparing for an era of intensified military and economic competition with Beijing.

    But as he left for his first trip to Asia since returning to the White House, striking a new trade deal with Chinese leader Xi Jinping has moved to the top of Trump’s agenda, spurring apprehensions among allies that the dealmaking might come at their expense.

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    [ad_2] Michael R. Gordon
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  • It Sits on a Vast Haul of Mineral Wealth. Now This Arctic City Must Be Moved.

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    The underground wealth beneath the Arctic city of Kiruna fuels Sweden’s economy and is a central cog in one of Europe’s core defense industries. It has also, quite literally, undermined the city’s foundation, prompting an unprecedented urban relocation project.

    Kiruna is home to one the world’s largest deposits of iron ore, used to produce Swedish jet fighters and combat vehicles. Two years ago, mining officials announced that the city, about 90 miles north of the Arctic Circle, also sits on what could be the largest find of rare earths in Europe.

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    Sune Engel Rasmussen

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  • Trump Pitches Meeting With Kim Jong Un During Asia Tour: ‘Put Out the Word’

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    Departing for his first Asia trip of his second term, President Trump publicly called for a meeting with a regional leader not on his diplomatic itinerary: North Korea’s Kim Jong Un.

    Trump, speaking to reporters on Air Force One en route to Malaysia, reiterated his openness to meeting Kim, asking the media to “put out the word.” Trump concludes his multi-stop trip to Asia in South Korea, where the president would be within roughly 250 miles from the Korean Demilitarized Zone—site of the two leaders’ last face-to-face encounter in 2019.

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    [ad_2] Timothy W. Martin
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  • As Putin Digs In, a Long—and Different—War With Ukraine Looms

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    Russia’s refusal of a cease-fire and an aborted peace summit in Budapest have raised the grim prospect that the war in Ukraine will rage for years to come—even as the nature of the conflict transforms.

    President Vladimir Putin remains convinced that Russia will eventually wear down its smaller neighbor, causing a collapse of the Ukrainian economy and society. An elusive victory would allow him to make the case that the devastating war he unleashed nearly four years ago was worth it, after all.

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    Yaroslav Trofimov

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  • U.S. Imposes Sanctions on Colombia’s President Over Drug-Trafficking Accusations

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    WASHINGTON—The Treasury Department has sanctioned Colombian President Gustavo Petro and his family, alleging his government has aided drug traffickers.

    “President Petro has allowed drug cartels to flourish and refused to stop this activity,” Treasury Secretary Scott Bessent said.

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    Alex Leary

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  • Full Impact of Tariffs on Asia-Pacific Still to Come, IMF Warns

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    Asia-Pacific economies fared better than expected in the first half of the year but the IMF warns that the full blow of U.S. tariff hikes remains unclear, and growth will slow.

    “The intensification of trade tensions continues to be a major downside risk for the region,” the International Monetary Fund said in a report on Friday.

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    Kimberley Kao

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  • Opinion | Xi Is Watching as Chinese Christians Pray

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    Zion Church moved many of its services online. Beijing still arrested its pastor.

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    Mindy Belz

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  • Opinion | Britain’s Do-It-Yourself Version of Chinese Sabotage

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    A ‘spying’ case that may have been a mistake all along sows more distrust than Beijing ever could.

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    Joseph C. Sternberg

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  • U.S. Widens Campaign Against Alleged Drug Boats With Eastern Pacific Strikes

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    The U.S. said Wednesday it had struck two suspected drug boats on the Pacific side of South America, widening its campaign against alleged drug trafficking and transnational crime.

    Defense Secretary Pete Hegseth posted videos of the strikes on X and said one took place Tuesday in the eastern Pacific Ocean and another Wednesday. The two attacks killed five people on board the boats, he said, without providing more details about the vessels or their precise locations except to say that the strikes occurred in international waters.

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    Shelby Holliday

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  • Opinion | ‘Does India Even Have Any Cards?’

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    Sadanand Dhume writes a biweekly column on India and South Asia for WSJ.com. He focuses on the region’s politics, economics and foreign policy.

    Mr. Dhume is also a resident fellow at the American Enterprise Institute in Washington, D.C. Previously he worked as the New Delhi bureau chief of the Far Eastern Economic Review (FEER), and as Indonesia correspondent for FEER and The Wall Street Journal Asia.

    Mr. Dhume is the author of “My Friend the Fanatic: Travels with a Radical Islamist,” (Skyhorse Publishing, 2009), which charts the rise of the radical Islamist movement in Indonesia. His next book will look at India’s transformation since the election of Prime Minister Narendra Modi in 2014.

    Mr. Dhume holds a bachelor’s degree in sociology from the University of Delhi, a master’s degree in international relations from Princeton University and a master’s degree in journalism from Columbia University. He lives in Washington, D.C. with his wife, and travels frequently to India.

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    Sadanand Dhume

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  • Exclusive | The U.S. Is Trying to Drive a Wedge Between Argentina and China

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    WASHINGTON—The Trump administration is pushing officials in Argentina to limit China’s influence over the distressed South American nation at the same time the U.S. and Wall Street banks are working on a $40 billion lifeline for Buenos Aires.

    Treasury Secretary Scott Bessent has spoken in recent weeks with Luis Caputo, Argentina’s economic minister, about curbing China’s ability to access the country’s resources, including critical minerals. In addition, they have discussed granting the U.S. expanded access to the country’s uranium supply, according to people with knowledge of the conversations.

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    Brian Schwartz

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  • Opinion | China’s Big London Spy Platform

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    Did Britain’s Labour government torpedo a spying case to appease Beijing? Prime Minister Keir Starmer finds himself on the defensive as the opposition claims his government prioritized economic ties with China over national security. One test will be whether his government approves a proposed Chinese mega-embassy in London despite the espionage risks.

    The political brawl erupted last month after a much-publicized espionage case collapsed on a legal technicality. Prosecutors claimed British teacher and consultant Christopher Berry and parliamentary researcher Christopher Cash passed sensitive details to Beijing in violation of the 1911 Official Secrets Act.

    A 2024 High Court ruling expanded the definition of “enemy” to include any country that poses a national-security threat to the U.K. But the Crown Prosecution Service says the Labour government failed to provide such an assessment about China despite repeated requests, and as a result “the case could not proceed.” Messrs. Cash and Berry denied wrongdoing and the charges were dropped.

    Mr. Starmer has blamed the previous government for failing to issue such a designation against China. Under political pressure, he released statements by deputy national security adviser Matthew Collins outlining the evidence in the espionage case, including that British MPs critical of Beijing were among the targets.

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    [ad_2] The Editorial Board
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