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Trump ‘panicking’ over tariffs, China’s biggest warships on show: SCMP daily highlights
From Trump hinting at an easing of China tariffs to a Hongkonger in space, here’s a round-up from today’s coverage
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1. ‘He’s panicking’: Trump’s tariff comments put China in control, analysts say
The White House’s latest signs of easing its position on tariffs against China do not indicate a notable advancement in US-China trade talks, but may present Beijing an opportunity to get a better deal, economists said.
2. US Treasury head calls tariff war with China unsustainable and says it will ease
US Treasury Secretary Scott Bessent told a closed-door investor summit that President Donald Trump’s tariff war with China has led to an unsustainable, two-way “embargo” and that he expected the situation to de-escalate.
3. Chinese navy celebration introduces one of PLA’s biggest warships to the public
The People’s Liberation Army Navy is exhibiting advanced warships, including a first-time showing of its Type 075 amphibious assault ship, during public open day events across mainland cities.
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