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China to US: ‘Market has spoken’ after tariffs spur selloff

China to US: ‘Market has spoken’ after tariffs spur selloff
A man checks his phone next to an electronic board showing stocks on the Heng Seng Index in Hong Kong on Apr. 3, 2025. (AFP)
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Updated 05 April 2025

China to US: ‘Market has spoken’ after tariffs spur selloff

China to US: ‘Market has spoken’ after tariffs spur selloff
  • State-run Xinhua news agency also published the Chinese government’s stance, saying the US should “stop using tariffs as a weapon to suppress China’s economy and trade“
  • “The market has spoken,” Chinese foreign ministry spokesperson Guo Jiakun said

BEIJING: China said on Saturday “the market has spoken” in rejecting US President Donald Trump’s tariffs, and called on Washington for “equal-footed consultation” after global markets plunged in reaction to the trade levies that drew Chinese retaliation.
State-run Xinhua news agency also published the Chinese government’s stance, saying the US should “stop using tariffs as a weapon to suppress China’s economy and trade.”
Hong Kong Financial Secretary Paul Chan told public broadcaster RTHK, however, Hong Kong would not impose separate countermeasures, citing the need for the city to remain “free and open.”
“The market has spoken,” Chinese foreign ministry spokesperson Guo Jiakun said in a post on Facebook on Saturday. He also posted a picture capturing Friday’s falls on US markets.
Trump introduced additional 34 percent tariffs on Chinese goods as part of steep levies imposed on most US trade partners, bringing the total duties on China this year to 54 percent.
Trump also closed a trade loophole that had allowed low-value packages from China to enter the US duty-free.
This prompted retaliation from China on Friday, including extra levies of 34 percent on all US goods and export curbs on some rare earths, escalating the trade war between the world’s two largest economies.
Global stock markets plummeted following China’s retaliation and Trump’s comments on Friday that he would not change course, extending sharp losses that followed Trump’s initial tariff announcement earlier in the week and marking the biggest losses since the pandemic. For the week, the S&P 500 was down 9 percent.
“Now is the time for the US to stop doing the wrong things and resolve the differences with trading partners through equal-footed consultation,” Guo wrote in English on Facebook.
In a separate statement published by state-run Xinhua news agency, the Chinese government urged the US: “Stop using tariffs as a weapon to suppress China’s economy and trade, and stop undermining the legitimate development rights of the Chinese people.”
“China has taken and will continue to take resolute measures to safeguard its sovereignty, security and development interests,” said the government.
Washington “seriously undermines the rules-based multilateral trading system, and seriously undermines the stability of the global economic order,” it added.
Earlier on Saturday, several industry chambers of commerce ranging from those representing traders in metals and textiles to electronics, issued statements condemning the tariffs.
China’s chamber of commerce, representing traders in food products, called on “China’s food and agricultural products import and export industry to unite and strengthen cooperation to jointly explore domestic and foreign markets.”
Hong Kong’s Chan said it strongly opposes Trump’s actions and would continue to be “free and open.”
“Allowing a free flow of capital and acting as a free port are our advantages, and this will not change,” Chan told public broadcaster RTHK.
“The rules-based multilateral trading system is our core,” he said.


Zelenskiy warns Trump that Putin is 'bluffing'

Zelenskiy warns Trump that Putin is 'bluffing'
Updated 3 sec ago

Zelenskiy warns Trump that Putin is 'bluffing'

Zelenskiy warns Trump that Putin is 'bluffing'
KYIV: Ukrainian President Volodymyr Zelensky said on Wednesday that he warned US President Donald Trump ahead of his talks with Vladimir Putin this week that the Russian leader is “bluffing” about his desire to end the war.
Trump and Putin will meet in Alaska on Friday, where Kyiv and its allies are worried the two leaders may try to dictate the terms of peace in the 3-1/2-year war.
“I told the US president and all our European colleagues that Putin is bluffing,” he said at a joint briefing in Berlin with German Chancellor Friedrich Merz.
“He is trying to apply pressure before the meeting in Alaska along all parts of the Ukrainian front. Russia is trying to show that it can occupy all of Ukraine.”
Zelensky’s comments, made after a virtual call with Trump and European leaders, come as Russian forces step up pressure on the battlefield in eastern Ukraine, aiming to force Kyiv to give up land.
Zelensky, who said he hoped the main topic of the talks in Alaska would be an immediate ceasefire, added that any discussions regarding territory should be covered during a three-leader meeting.
“Regarding our principles and territorial integrity, in the end this is all decided at the level of leaders,” he said. “Without Ukraine, it is impossible to decide this. And, by the way, everyone also supports this.”
Zelensky said Trump told him he would debrief him about his talks with Putin.

Former British officer sues Ministry of Defense over handling of Afghan data breach

Former British officer sues Ministry of Defense over handling of Afghan data breach
Updated 36 min 59 sec ago

Former British officer sues Ministry of Defense over handling of Afghan data breach

Former British officer sues Ministry of Defense over handling of Afghan data breach
  • Individual worked on Afghan cases for under two years before his role ended unexpectedly after he threatened to become a whistleblower
  • He is suing the MoD and his third-party recruiter, and the case is set to be heard next year

LONDON: A former British military officer is suing the Ministry of Defense for constructive dismissal after speaking out about the handling of a data leak that exposed the personal details of thousands of Afghans seeking relocation to the UK.

The Times reported that an unnamed individual was contracted to assist with Operation Rubific, a secret mission addressing the fallout from a massive data breach.

The former officer worked on Afghan cases for under two years before his role ended unexpectedly after he threatened to become a whistleblower. He was then reassigned to another area in a position for which he was overqualified.

“He complained they are letting in people they shouldn’t and not letting in those he should,” a source close to the former officer suing the MoD told The Times.

He also raised concerns that the government was not prioritizing those most at risk among the tens of thousands of Afghans identified for resettlement in Britain. He assisted four Afghan individuals in relocating to Britain after their details were revealed on the leaked list.

The MoD is facing scrutiny over a superinjunction that blocked public and parliamentary oversight after a spreadsheet leaked containing the names, telephone numbers and email addresses of Afghans seeking relocation to Britain.

The former officer allegedly threatened to alert other departments about the superinjunction and was subsequently “managed out,” according to the source.

The individual is suing the MoD and his third-party recruiter, for whom he worked as a contractor after leaving the military. The case is set to be heard next year.

Officials argued that the data breach should remain secret for nearly two years, claiming it put 100,000 Afghans at risk of Taliban retribution, including death and torture. However, the superinjunction was lifted in July after a government review deemed it “highly unlikely” that Afghans on the leaked spreadsheet were at risk.

Ministers reduced the number of Afghans brought to Britain from 42,500 to 24,000, including family members, based on their presence in the country or prior invitations. Concerns have also been raised about the motive behind the secrecy order, questioning if it aims to protect the MoD’s reputation and prepare for potential mass applications from affected Afghans, The Times reported.

Adnan Malik, the head of data protection at Barings Law, is now representing 1,400 individuals from the leaked list; a number that continues to grow daily.

He told The Times that the MoD’s “attempt to silence one of their own whistleblowers is another shameful development” after tens of thousands of Afghans had their data breached without their knowledge.

A source from the MoD said that the individual’s contract had concluded.


Indian politicians demand action against Israeli envoy after attack on Priyanka Gandhi

Indian politicians demand action against Israeli envoy after attack on Priyanka Gandhi
Updated 2 min 24 sec ago

Indian politicians demand action against Israeli envoy after attack on Priyanka Gandhi

Indian politicians demand action against Israeli envoy after attack on Priyanka Gandhi
  • Israeli ambassador posted disparaging remarks against Gandhi after her comments on Gaza
  • Congress party demands official apology for his ‘public attempt to intimidate’ the MP

NEW DELHI: Indian politicians are demanding action against the Israeli ambassador in Delhi following his verbal attack on Congress leader Priyanka Gandhi.

Gandhi, a lawmaker from the opposition Congress party, who is the daughter of former Indian Prime Minister Rajiv Gandhi and sister of Rahul Gandhi — leader of the opposition — wrote on social media on Tuesday that “the Israeli state is committing genocide” in Gaza.

“It has murdered over 60,000 people, 18,430 of whom were children. It has starved hundreds to death including many children and is threatening to starve millions,” she said, calling out the Indian government over its inaction.

“Enabling these crimes by silence and inaction is a crime in itself. It is shameful that the Indian Government stands silent as Israel unleashes this devastation on the people of Palestine.”

The post was almost immediately responded to by Reuven Azar, Israel’s ambassador to India, who told Gandhi: “What is shameful is your deceit.”

The post triggered outrage among Congress members, with the party’s spokesperson Supriya Shrinate demanding that the Indian government act over the envoy’s “casting aspersions” on Gandhi.

“He should be officially made to apologize. She is a member of parliament, she is an elected representative, and how dare the Israeli ambassador talk to her in that tone. The government should take this up in no uncertain terms,” Shrinate told Arab News.

“We seek an unconditional apology for the use of tone and words that the Israeli ambassador has used, and the reality is that the world is watching what Israel is doing in Gaza.”

Priyanka Chaturvedi, an MP and spokesperson of the Shiv Sena (UBT) party, said inaction from the Ministry of External Affairs would only embolden foreign diplomats “to speak to Indian parliamentarians in this tone and tenor in their own country.

“This is unacceptable,” she wrote on X. “Hope Ministry of External Affairs reprimands this Hon. Ambassador.”

For Gaurav Gogoi, a Congress lawmaker from Assam, “the disparaging comments made by a foreign Ambassador against a Member of Parliament of India is a serious breach of privilege,” he said in an X post, urging Parliament to take action if the government does not respond.

The government in New Delhi has largely remained quiet since Israel launched its deadly assault on Gaza in October 2023.

But India’s civil society and the opposition are increasingly speaking up against Israeli war crimes.

Pawan Khera, chairman of the Congress party’s publicity department, called on External Affairs Minister S. Jaishankar to address the Israeli ambassador’s “public attempt to intimidate” Gandhi.

“That the ambassador of a state accused of genocide worldwide would target a sitting Member of the Indian Parliament is both unprecedented and intolerable. It is a direct affront to the dignity of Indian democracy,” he wrote on X.

Khera also addressed the envoy directly: “No amount of deflection or whitewashing can obscure the facts. The international community is witnessing, in real time, the killing of civilians in Gaza — including those queuing for aid. The world sees the heartbreaking images emerging from Gaza every day. It will neither forget nor forgive.”


Senior figures in UK’s ruling party sound alarm over Palestine Action ban

Senior figures in UK’s ruling party sound alarm over Palestine Action ban
Updated 13 August 2025

Senior figures in UK’s ruling party sound alarm over Palestine Action ban

Senior figures in UK’s ruling party sound alarm over Palestine Action ban
  • Ex-minister: ‘You devalue the charge of terrorism by equating it with the protests we have seen’
  • Civil liberties campaigner: ‘Spraying paint on airplanes is not the same as being the IRA or Al-Qaeda’

LONDON: Senior figures in the UK’s ruling Labour Party are sounding the alarm over the government’s banning of the group Palestine Action.

It comes after hundreds of people were arrested in London last weekend under Section 13 of the Terrorism Act.

The protesters had held signs demonstrating support for Palestine Action, which was proscribed as a terrorist organization in July.

Former Minister Peter Hain said the issue “will end in tears for the government,” The Guardian reported on Wednesday.

The former anti-apartheid activist added: “We are seeing retired magistrates, retired and serving doctors and all sorts of people being arrested and now effectively being equated with terrorists such as Al-Qaeda, which is absolutely wrong.”

If the ban is contested through a legal challenge and overturned, it “would be a mercy to all concerned, including the government,” he said.

Hain was one of three Labour peers in the House of Lords who voted against the ban last month.

“It’s going to get worse (for the government) because I don’t see people from that ‘middle Britain’ background who have joined these protests in such large numbers to suddenly decide that all is OK,” he said.

“In fact, I think more are going to come out and face arrest because the approach to Palestine Action is contrary to every form of peaceful protest in British history, whether that’s the chartists and suffragettes, or anti-apartheid and anti-fascist protesters.”

The government has faced mounting pressure over the ban after it emerged that of the 532 arrested under the Terrorism Act on the weekend, half were aged 60 or older.

Hain served as secretary of state for Northern Ireland, a role that gave him great insight into the realities of terrorism.

“There is a battery of other crimes that could be applied to Palestine Action but terrorism is not one of them, while you also devalue the charge of terrorism by equating it with the protests we have seen,” he said.

“I … worked with the intelligence services and others to stop dissident IRA (Irish Republican Army) groups from killing. I have signed warrants to stop other real terrorists, Islamist terrorists, bombing London. So, I am not soft on terrorism. But I am a strong believer that you have to know what it looks like.”

Many Labour MPs and peers are now doubting the decision to ban Palestine Action, Hain added.

The government has justified the proscription by describing the group as a “violent organization” that was planning to carry out extensive attacks.

Home Secretary Yvette Cooper said court restrictions have prevented the British public from discovering the “full nature of this organization.”

However, Labour peer Shami Chakrabarti warned that the ban could result in an “I am Spartacus” moment, The Independent reported on Wednesday.

She was referring to the 1960 film “Spartacus,” and a situation in which a group of people claim to be one person in an act of solidarity against an authority.

The civil liberties campaigner urged the government to “think again” over the ban, saying her worries are “greater now even than they were before” after last weekend’s mass arrests.

Chakrabarti told BBC Radio 4’s “Today” program: “There are blurred lines now … some people are, as always, protesting about the horrific events they’re watching unfold in Gaza, but others think they’re standing up for civil liberties because this ban was disproportionate.”

She added that a distinction must be made between criminal damage and terrorism, and that “spraying paint on airplanes,” as Palestine Action members did, “is not the same as being the IRA or Al-Qaeda.”

Saturday’s mass arrest of protesters is believed to be the largest of its kind by London’s Metropolitan Police since the poll tax riot of 1990.

Rights groups including Amnesty International and Liberty warned that the arrests were “disproportionate to the point of absurdity,” and that the Terrorism Act is threatening freedom of expression.

Chakrabarti said: “And so we've got more people taking to the streets, a bigger headache for the police. Frankly, I’m very sympathetic to the police on this issue. I think it may be time to think again.”


Bangladeshi officials testify against former British minister Siddiq in corruption trial

Bangladeshi officials testify against former British minister Siddiq in corruption trial
Updated 13 August 2025

Bangladeshi officials testify against former British minister Siddiq in corruption trial

Bangladeshi officials testify against former British minister Siddiq in corruption trial

DHAKA: Bangladeshi anti-corruption officials testified in court on Wednesday against former British anti-corruption minister Tulip Siddiq, accusing of using a family connection to deposed Prime Minister Sheikh Hasina to obtain state-owned land in the South Asian country.
Siddiq, who is Hasina’s niece, resigned from her post in Prime Minister Keir Starmer ‘s government in January following reports that she lived in London properties linked to her aunt and was named in an anti-corruption investigation in Bangladesh.
She is being tried together with her mother, Sheikh Rehana, brother Radwan Mujib and sister Azmina. Siddiq has been charged with facilitating their receipt of state land in a township project near the capital, Dhaka. They are out of the country and being tried in absentia.
Siddiq’s lawyers have called the charges baseless and politically motivated.
Muhammad Tariqul Islam, a public prosecutor, disputed a claim by Siddiq that she is not Bangladeshi, saying the anti-corruption watchdog through investigations found that she is a citizen.
The prosecutor said if Siddiq is convicted she could be sentenced to three to 10 years in prison.
Siddiq in an interview with the British newspaper The Guardian recently referred to Bangladesh as “a foreign country” and called the charges against her “completely absurd.”
She asserted to The Guardian she was “collateral damage” in the longstanding feud between her aunt and Bangladesh’s interim leader Muhammad Yunus. Hasina had a frosty relation with Yunus, and during her rule Yunus faced a number of cases including for graft allegations. Courts overturned those charges before he took over as interim leader days after Hasina’s ouster last year in a student-led uprising.
Separately, the anti-corruption investigation has alleged that Siddiq’s family was involved in brokering a 2013 deal with Russia for a nuclear power plant in Bangladesh in which large sums of money were said to have been embezzled.