US Treasury chief eyes China tariff deadline extension in talks next week

US Treasury Secretary Scott Bessent said Tuesday that he would meet his Chinese counterparts in Stockholm next week for tariff talks, eyeing an extension to a mid-August deadline for levies to snap back to steeper levels.Bessent told Fox Business that he will be speaking with Chinese officials on Monday and Tuesday for a third round of high-level negotiations, to work out what he said would be a likely postponement of the deadline.Washington and Beijing slapped escalating, tit-for-tat levies on each other’s exports earlier this year — reaching triple digit levels — stalling trade between the world’s two biggest economies as tensions surged.But after top officials met in Geneva in May, both sides agreed to temporarily lower their tariff levels in a de-escalation set to expire next month. Officials from the two countries also met in London in June.”That deal expires on August 12, and I’m going to be in Stockholm on Monday and Tuesday with my Chinese counterparts, and we’ll be working out what is likely an extension then,” Bessent said in the interview.He noted that Washington also wanted to speak about a wider range of topics, potentially including Chinese purchases of Iranian and Russian oil.For other economies facing an earlier August 1 deadline for higher US tariffs to kick in, Bessent said he expects the duties will boomerang back up — but signaled Washington would continue negotiations.Trade talks between the United States and China had initially stalled after their Geneva meeting in May, although Bessent said trade is in a good place now with Beijing.Disagreements bubbled to the fore when US officials earlier accused Beijing of violating their pact and slow-walking export license approvals for rare earths — crucial materials for making electronics and other goods.Since then, the two countries have agreed on a framework to move forward with their Geneva consensus.The United States has been seen relaxing certain restrictions on semiconductor sales to China, while Beijing has been reviewing applications for export licenses of controlled items. Since returning to the White House in January, President Donald Trump has imposed a sweeping 10 percent tariff on allies and competitors alike, alongside steeper levels on steel, aluminum and autos.The 10 percent blanket rate is expected to increase for dozens of economies — although not China — come August 1, unless they reach an agreement with Washington to avert this outcome.So far, the Trump administration has only announced deals with Britain, Vietnam and Indonesia. But Bessent maintained Tuesday that more pacts are to come.

US Treasury chief eyes China tariff deadline extension in talks next week

US Treasury Secretary Scott Bessent said Tuesday that he would meet his Chinese counterparts in Stockholm next week for tariff talks, eyeing an extension to a mid-August deadline for levies to snap back to steeper levels.Bessent told Fox Business that he will be speaking with Chinese officials on Monday and Tuesday for a third round of high-level negotiations, to work out what he said would be a likely postponement of the deadline.Washington and Beijing slapped escalating, tit-for-tat levies on each other’s exports earlier this year — reaching triple digit levels — stalling trade between the world’s two biggest economies as tensions surged.But after top officials met in Geneva in May, both sides agreed to temporarily lower their tariff levels in a de-escalation set to expire next month. Officials from the two countries also met in London in June.”That deal expires on August 12, and I’m going to be in Stockholm on Monday and Tuesday with my Chinese counterparts, and we’ll be working out what is likely an extension then,” Bessent said in the interview.He noted that Washington also wanted to speak about a wider range of topics, potentially including Chinese purchases of Iranian and Russian oil.For other economies facing an earlier August 1 deadline for higher US tariffs to kick in, Bessent said he expects the duties will boomerang back up — but signaled Washington would continue negotiations.Trade talks between the United States and China had initially stalled after their Geneva meeting in May, although Bessent said trade is in a good place now with Beijing.Disagreements bubbled to the fore when US officials earlier accused Beijing of violating their pact and slow-walking export license approvals for rare earths — crucial materials for making electronics and other goods.Since then, the two countries have agreed on a framework to move forward with their Geneva consensus.The United States has been seen relaxing certain restrictions on semiconductor sales to China, while Beijing has been reviewing applications for export licenses of controlled items. Since returning to the White House in January, President Donald Trump has imposed a sweeping 10 percent tariff on allies and competitors alike, alongside steeper levels on steel, aluminum and autos.The 10 percent blanket rate is expected to increase for dozens of economies — although not China — come August 1, unless they reach an agreement with Washington to avert this outcome.So far, the Trump administration has only announced deals with Britain, Vietnam and Indonesia. But Bessent maintained Tuesday that more pacts are to come.

Mozambique opposition leader says facing terrorism chargesTue, 22 Jul 2025 14:22:37 GMT

Mozambique’s main opposition leader Venancio Mondlane said he had been charged with five offences, including inciting and instigating terrorism, after meeting with the country’s attorney general Tuesday.Mondlane led months of violently repressed protests following disputed general elections in October last year.He claimed he is being persecuted despite an agreement with President Daniel Chapo to end …

Mozambique opposition leader says facing terrorism chargesTue, 22 Jul 2025 14:22:37 GMT Read More »

Mbeumo thrilled to follow in Ronaldo’s footsteps at ‘biggest club in the world’ Man UtdTue, 22 Jul 2025 14:18:17 GMT

Bryan Mbeumo says he is excited to be following in Cristiano Ronaldo’s footsteps at the “biggest club in the world” after signing for Manchester United.After weeks of drawn-out talks, the 25-year-old finally completed his move from Brentford on Monday for £65 million ($87 million) plus a potential £6 million in add-ons.The forward has signed a …

Mbeumo thrilled to follow in Ronaldo’s footsteps at ‘biggest club in the world’ Man UtdTue, 22 Jul 2025 14:18:17 GMT Read More »

Wall Street ouvre sans direction claire, se concentre sur les résultats d’entreprises

La Bourse de New York évolue en ordre dispersé mardi, digérant une nouvelle volée de résultats d’entreprises mitigés et dans l’attente de développements sur le plan commercial.Vers 13H50 GMT, le Dow Jones prenait 0,29%, l’indice Nasdaq lâchait 0,45% et l’indice élargi S&P 500 (-0,02%) était proche de l’équilibre. La veille, le Nasdaq et le S&P 500 avaient tous les deux atteint de nouveaux sommets en clôture.”Les résultats trimestriels devraient être le principal moteur sur le marché cette semaine”, ont résumé dans une note les analystes de Briefing.com.La place américaine accueille mardi une nouvelle salve de performances financières, dont les publications de Coca-Cola, General Motors et Lockheed Martin. Plus d’une centaine de sociétés composant l’indice S&P 500 doivent publier leurs résultats cette semaine.Les acteurs du marché attendent notamment avec impatience les publications de deux des “Sept Magnifiques”, surnom donné aux grands noms du secteur technologique: Alphabet (maison mère de Google) et Tesla, qui publieront leurs résultats mercredi.Surtout, les investisseurs souhaitent connaître les premiers “impacts des droits de douane” sur les performances des groupes, a expliqué à l’AFP Sam Stovall, analyste de CFRA.Le président américain Donald Trump a donné aux partenaires commerciaux des Etats-Unis jusqu’au 1er août pour parvenir à un accord avec la Maison-Blanche sur les droits de douane.Les discussions avec l’Union européenne – que M. Trump a récemment menacée de 30% de taxes douanières – seront particulièrement scrutées par les investisseurs.”La route sera semée d’embûches jusqu’à ce que nous connaissions les conditions finales des droits de douane”, a prévenu M. Stovall.Les investisseurs ont par ailleurs suivi le discours de Jerome Powell, président de la banque centrale américaine (Fed), avant la réunion de politique monétaire de l’institution les 29 et 30 juillet.M. Powell n’a pas donné d’indices sur la trajectoire monétaire privilégiée par la Réserve fédérale (Fed), alors que M. Trump a demandé à plusieurs reprises à l’institution de baisser ses taux au plus vite.La Fed les maintient inchangés depuis le début de l’année, entre 4,25% et 4,50%.Les marchés anticipent largement une prolongation de cette pause en juillet, une baisse des taux n’étant attendue qu’en septembre selon l’outil FedWatch du CME.Au tableau des valeurs, le constructeur automobile américain General Motors perdait de la vitesse (-5,81% à 50,12 dollars) malgré un deuxième trimestre qui a dépassé les attentes des analystes.Entre avril et juin, le géant de Détroit a dégagé un chiffre d’affaires de 47,12 milliards de dollars (-1,8%) et un bénéfice net de 1,89 milliard (-35,4%), a-t-il annoncé mardi dans un communiqué.Le groupe a estimé l’impact net des droits de douane sur ce trimestre à 1,1 milliard de dollars, et confirmé un impact brut autour de 4 à 5 milliards de dollars pour l’ensemble de l’année.Le groupe de défense américain Lockheed Martin glissait franchement (-7,48% à 426,10 dollars) après une dégringolade de son bénéfice net au deuxième trimestre, plombé par des charges exceptionnelles d’environ 1,7 milliard de dollars.Sur un an, son bénéfice net a reculé de près de 80%, à 342 millions de dollars américains contre 1,6 milliard au même trimestre l’année passée.Le géant américain Coca-Cola perdait un peu de terrain (-0,94% à 69,41 dollars) à la suite de résultats mitigés, notamment un chiffre d’affaires en deçà des attentes.Le groupe a par ailleurs confirmé la commercialisation “à l’automne” aux Etats-Unis d’une version au sucre de canne de son célèbre soda.

India’s Gill accuses England of ignoring ‘spirit of the game’ with time-wasting

India captain Shubman Gill accused England of ignoring the “spirit of cricket” after the hosts’ time-wasting tactics in the third Test at Lord’s sparked an angry flare-up between the teams.The tourists ought to have been able to bowl two overs late in the third day’s play of the third Test after being dismissed for 387 — exactly level with England’s first-innings total.Crawley, however, ensured there were only six deliveries from Jasprit Bumrah before stumps by twice withdrawing from his stance and then calling for the physio after the fifth ball appeared to make only minimal contact with his glove.Tempers flared as it became evident India would not be able to bowl another over before the close, with host broadcaster Sky Sports issuing an on-air apology after a stump microphone picked up Gill swearing angrily at Crawley.England went on to win a thrilling match by 22 runs to go 2-1 up in a five-match series.Gill, in his first campaign as India captain, addressed the issue on the eve of the fourth Test at Old Trafford.”A lot of people have been talking about it so let me just clear the air once and for all,” the 25-year-old Gill said on Tuesday.”The English batsmen on that day had seven minutes of play left, they were 90 seconds late to come to the crease, not 10, not 20, 90 seconds late. “Yes, most of the teams use this (delaying tactic), even if we were in this position we would have liked to play fewer overs but there’s a manner to do it. “If you get hit on your body, the physios are allowed to come on and that is something that is fair. But to be able to come 90 seconds late to the crease is not something that comes in the spirit of the game.”Gill admitted he was not proud of swearing at Crawley but said it took place in the context of rising tensions.”We had no intention of doing that whatsoever but you’re playing a game, you’re playing to win and there are a lot of emotions,” said the India skipper.”When you see there are things happening that should not happen, sometimes emotions come out of nowhere.”

Wall Street ouvre sans entrain, se concentre sur les résultats d’entreprises

La Bourse de New York a ouvert avec prudence mardi, digérant une nouvelle volée de résultats d’entreprises mitigés et dans l’attente de développements sur le plan commercial.Dans les premiers échanges, le Dow Jones lâchait 0,11%, tandis que l’indice Nasdaq (+0,04%) et l’indice élargi S&P 500 (-0,01%) étaient tous les deux près de l’équilibre.Â