This is Beirut - United States

Trump's Tariff Pause Gives Market Relief, but China Trade War Intensifies

This is Beirut, 10/04 08:30 - Reading : 5 minute(s)

United States Donald Trump Tariffs China

US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. After days of turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump's announcement that he was halting a levy hike for almost all ...

US, Saudis Urge Sudan Peace Talks as Top Riyadh Diplomat Visits Washington

This is Beirut, 10/04 04:55 - Reading : 2 minute(s)

United States Saudi Arabia Sudan Yemen Gaza Diplomacy

Saudi Arabia's top diplomat held talks in Washington on Wednesday, laying the groundwork for a visit by US President Donald Trump, which would be the first foreign trip of his second term. Foreign Minister Prince Faisal bin Farhan met with US Secretary of State Marco Rubio at the State Department, and the two called on the Sudanese army and ...

Military Action Against Iran "Absolutely Possible": Trump

This is Beirut, 10/04 04:45 - Reading : 2 minute(s)

United States Donald Trump Iran Army Conflict

Donald Trump stated on Wednesday that military action against Iran was "absolutely" possible and that there was "very little time" left to reach a nuclear agreement. "If force has to be used, we will use force," the U.S. president told reporters. "Israel will obviously be very involved, it will lead the ...

Oil Price Drop: Key Factors Explained

Liliane Mokbel, 09/04 21:35 - Reading : 3 minute(s)

Donald Trump United States China Oil Market

Oil prices plunged on Wednesday due to the escalating trade war between the United States and China, with Brent crude falling below $60 per barrel for the first time in four years. At around 11:20 GMT (13:20 in Paris), the price of North Sea Brent crude for June delivery dropped by 5.52% to $59.35, briefly reaching a low of $58.47 during the ...

US Imposes New Sanctions on Iran's Nuclear Program Before Talks

This is Beirut, 09/04 18:30 - Reading : 1 minute(s)

United States Iran US Treasury Department Atomic Energy Organization of Iran Sanctions

The United States on Wednesday announced new sanctions targeting Iran's nuclear program ahead of closely watched talks on the row between the longtime adversaries. The Treasury Department said it was imposing sanctions under additional authorities on five entities, including the Atomic Energy Organization of Iran and one individual over the ...

China Retaliates with 84% Tariffs on US Products from Thursday

This is Beirut, 09/04 18:08 - Reading : 2 minute(s)

Donald Trump United States China Tariffs Trade

China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said Wednesday, hours after similar levies by the United States came into force. US President Donald Trump's latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing duties on Chinese products up to 104 ...

Saudi Top Diplomat in US to Prepare for Trump Visit

This is Beirut, 09/04 17:45 - Reading : 1 minute(s)

Saudi Arabia United States Faisal bin Farhan

Foreign Minister Prince Faisal bin Farhan is in Washington to lay the groundwork for US President Donald Trump's upcoming visit, the first foreign trip of his second term, a Saudi government source told AFP Wednesday. Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the oil-rich, conservative kingdom ...

Japan to Sell More Rice Reserves as Prices Soar

This is Beirut, 09/04 12:20 - Reading : 2 minute(s)

Donald Trump United States USA White House

Japan will sell more rice from its emergency stockpile through July in an attempt to stabilize soaring prices, the agricultural minister said Wednesday. After rice prices nearly doubled year-on-year, the government began auctioning its stockpile last month -- the first time since it was started in 1995. "In order to stabilize rice prices ...

Is Hezbollah Open to Discussions on the Future of Its Weapons?

This is Beirut, 09/04 11:50 - Reading : 2 minute(s)

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A senior Hezbollah official told Reuters on Tuesday that the group “would be willing to hold talks on the future of its weapons, in particular with the President of the Republic, Joseph Aoun, provided that the Israeli army withdraws from southern Lebanon and halts its continuous airstrikes against the country.” The aforementioned official ...

Judge Orders White House to Restore AP Access

This is Beirut, 09/04 10:50 - Reading : 4 minute(s)

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A US federal judge ordered the White House on Tuesday to restore the Associated Press's access to President Donald Trump's official events, saying it had no right to bar media for their "viewpoints." AP journalists and photographers have been barred from the Oval Office and from traveling on Air Force One since mid-February ...

US Strikes China With 104% Tariffs

This is Beirut, 09/04 05:45 - Reading : 4 minute(s)

United States China Tariffs Economy Markets

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war. Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates ...

US and Russia to Meet Thursday in Istanbul on Restoring Embassy Operations

This is Beirut, 08/04 23:10 - Reading : 1 minute(s)

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The United States and Russia will hold talks on Thursday in Istanbul on restoring some of their embassy operations that have been drastically scaled back following Moscow's invasion of Ukraine, the US State Department said. The talks, the second of their kind, come after President Donald Trump reached out to Russia following the start of his ...

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