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Call to scrap Trump's state visit over Zelensky row
An SNP MP has said that Donald Trump's second state visit to the UK cannot go ahead if he refuses to show further support for Ukraine.
#Ukraine #Zelensky #Trump #BBC
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China says it is ready for 'any type of war' with US
China has warned the US it is ready to fight "any type" of war after hitting back against President Donald Trump's mounting trade tariffs.
The world's top two economies have edged closer to a trade war after Trump slapped more tariffs on all Chinese goods. China quickly retaliated imposing 10-15% tariffs on US farm products.
"If war is what the US wants, be it a tariff war, a trade war or any other type of war, we're ready to fight till the end," China's embassy said on X, reposting a line from a government statement on Tuesday.
It is some of the strongest rhetoric so far from China since Trump became president and comes as leaders gathered in Beijing for the annual National People's Congress.
On Wednesday, China's Premier Li Qiang announced that China would again boost its defence spending by 7.2% this year and warned that "changes unseen in a century were unfolding across the world at a faster pace." This increase was expected and matches the figure announced last year.
Leaders in Beijing are trying to send a message to people in China that they are confident the country's economy can grow, even with the threat of a trade war.
China has been keen to portray an image of being a stable, peaceful country in contrast to the US, which Beijing accuses of being embroiled in wars in the Middle East and Ukraine.
China may also hope to capitalise on Trump's actions relating to US allies such as Canada and Mexico, which have also been hit by tariffs, and will not want to ramp up the rhetoric too far to scare off potential new global partners.
#China #US #BBC #News
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European stocks steady after US markets plunge
A sell-off in global shares eased in Europe on Tuesday following a sharp fall in US stocks that came as investors raised concerns about the negative economic impact of President Donald Trump's tariffs.
It followed the president saying in a TV interview that the world's biggest economy was in a "period of transition", when asked about suggestions of a potential recession.
Since those remarks were broadcast on Sunday, top Trump officials and advisers have sought to calm investor fears.
The US S&P 500 share index fell nearly 3% on Monday, but in Europe most of the major markets opened little changed.
#Europe #Stocks #US #BBC #News
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Trump condemns Zelensky remarks that war end is 'far away'
A statement by Ukrainian President Volodymyr Zelensky saying a deal to end the war with Russia was "very far away" has drawn a furious response by Donald Trump.
"America will not put up with it for much longer," the US president said in a social media post, before accusing Zelensky of not wanting peace.
A summit of mostly European leaders in London on Sunday agreed a four-point plan to guarantee Ukraine's defence in the event of a peace deal with Russia.
"Probably not a great statement to have been made in terms of a show of strength against Russia. What are they thinking?" Trump said, apparently referring to the summit held two days after his fiery clash with Zelensky at the Oval Office.
The summit - hosted by UK Prime Minister Keir Starmer - was intended as a show of support for Ukraine and an attempt to reduce differences between Western countries over Ukraine.
Britain and France said they were working on a European-led solution to the conflict.
After the meeting, Zelensky said a deal to end the war between Ukraine and Russia was "still very, very far away".
He added that he expected the US to continue backing Ukraine despite his own fraught relations with Trump.
"I believe that Ukraine has a strong enough partnership with the United States of America," Zelensky said late on Sunday.
#Zelensky #Trump #BBC #News
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Arab Leaders have an alternative to Trump's GAZA plan - "Draft" statement obtained by the BBC
A $53bn (£41.4 billion) reconstruction plan to rival President Donald Trump's idea for the US to "take over Gaza" and move out more than two million Palestinians has been approved by Arab leaders at an emergency summit in the Egyptian capital Cairo.
"The Egypt plan is now an Arab plan," announced the secretary general of the Arab League Ahmed Aboul Gheit at the end of this hours-long gathering.
Without referring specifically to President Trump's ideas, he underlined that "the Arab stance is to reject any displacement, whether it is voluntary or forced".
Egypt had produced a detailed blueprint, with a 91-page glossy document including images of leafy neighbourhoods and grand public buildings, to counter a US scheme labelled as a "Middle East Riviera" which shocked the Arab world and beyond.
#USA #US #GAZA #Egypt #News #BBC
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Stocks fall as Trump warns of US economy trade war 'transition'
A sell-off in the US stock market gathered steam on Monday, fuelled by rising concern about the cost of the trade war to the world's largest economy.
The S&P 500, which tracks the biggest American companies, fell about 2% in early trade, while the Dow Jones dropped 0.9% and the Nasdaq sank more than 3.5%.
The falls came after President Donald Trump ducked questions about whether the US economy was facing a recession or price rises as a result of tariff moves, while warning instead of a "period of transition".
Commerce Secretary Howard Lutnick, however, insisted there would be no contraction in the US, although he acknowledged that the price of some goods may rise.
Investors fear that tariffs - which are taxes on goods applied as they enter the country - will lead to higher prices and ultimately dent growth in the world's largest economy.
"The level of tariffs that Trump is imposing, I think no doubt, will have to cause inflation somewhere down the line," Rachel Winter, investment manager at Killik & Co, told the Today programme.
Economist Mohamed El-Erian said investors had been optimistic about Trump's plans for de-regulation and lower taxes, while under-estimating the likelihood of a trade war.
He said the recent falls in the stock market, which started last week, reflect the adjustment of those bets.
"It's a complete change in what the market expected," he added, noting that investors are also responding to signs that businesses and households are starting to hold off on spending amid the uncertainty, which could hurt economic growth.
European stocks closed lower on Monday, with France's CAC and the London FTSE indices both closing around 0.9% lower. Germany's DAX closed 1.75% lower.
Susannah Streeter, head of money and markets at the stockbrokers Hargreaves Lansdown, said it was because of "unease around the impact of Trump tariffs". She added that concerns over the US economy entering a recession is worrying investors.
Tesla shares fell about 8% on Monday, while tech stocks Nvidia and Meta were both down more than 4%.
Speaking to Fox News in an interview broadcast on Sunday but recorded on Thursday, Trump appeared to acknowledge the concerns, responding to a question about whether the US was facing recession: "I hate to predict things like that. There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing."
"It takes a little time, but I think it should be great for us," he added.
#BBC #News #Trump #USA
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