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U.S., China trade talks set for weekend amid ongoing tensions – National TenX News

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U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China’s economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy.

News of the planned Geneva meeting, first announced by Washington late Tuesday, sent U.S. equity index futures higher. Stock markets in China and Hong Kong followed suit during Asian trading on Wednesday.

The talks come after weeks of escalating tensions that have seen duties on goods imports between the world’s two largest economies soar well beyond 100 per cent, amounting to what Bessent on Tuesday described as the equivalent of a trade embargo.

The impasse, alongside U.S. President Donald Trump’s decision last month to slap sweeping duties on dozens of other countries, has upended supply chains, roiled financial markets and stoked fears of a sharp downturn in global growth.

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The negotiating teams convening in Switzerland, known for its neutrality, are expected to discuss reductions to the broader tariffs, two sources familiar with the planning said. The talks should also cover duties on specific products, export controls and Trump’s decision to end de minimis exemptions on low-value imports, one of the sources added.

China’s State Council did not immediately reply to a faxed request for comment.


Click to play video: 'Trump maintains 145% China tariffs, says potential reductions depend on Beijing’s actions'


Trump maintains 145% China tariffs, says potential reductions depend on Beijing’s actions


“My sense is this will be about de-escalation,” Bessent told Fox News after the announcement. “We’ve got to de-escalate before we can move forward.”

A Chinese commerce ministry spokesperson later confirmed that China had agreed to meet the U.S. envoys.

“On the basis of fully considering global expectations, China’s interests, and the appeals of U.S. industry and consumers, China has decided to re-engage the U.S.,” the spokesperson said, citing a proverb about actions speaking louder than words.

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This is the first meeting between senior Chinese and U.S. officials since U.S. Senator Steve Daines met Premier Li Qiang in Beijing in March.

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Beijing has largely adopted a fiery rhetoric as tensions with Washington have ratcheted up, repeatedly saying it would not engage in negotiations unless the U.S. withdrew its tariffs.

Signaling a change in tack, however, China’s commerce ministry on Friday said it was “evaluating” an offer from Washington to hold talks.


Asked about the apparent U-turn on Wednesday, China’s foreign ministry spokesperson Lin Jian told a daily press conference that Beijing’s “position of firmly opposing U.S. abuse of tariffs has not changed”.

The stakes for China’s economy are high, with its vast factory sector already bearing the brunt of the tariffs. Many analysts have downgraded their 2025 economic growth forecast for the Asian giant, while investment bank Nomura has warned the trade war could cost China up to 16 million jobs.

China’s central bank on Wednesday announced fresh monetary stimulus, flagging rate cuts and a liquidity injection into the banking system aimed at countering the economic impact of the duties.
Analysts described the move as measured and tactical.

“There’s almost certainly also an element of signaling to the U.S. government ahead of the upcoming meeting,” said Christopher Beddor, deputy China research director at Gavekal Dragonomics.
“The message is that Chinese officials are not panicked or scrambling to shore up economic growth, and they’re not going to be negotiating from a position of weakness.”

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U.S. officials have held a flurry of meetings with trading partners since the president announced a 10 per cent tariff on most countries on April 2, along with higher tariff rates that will kick in on July 9, barring separate trade agreements.

Trump has also imposed 25 per cent tariffs on autos, steel and aluminum, 25 per cent levies on Canada and Mexico, and 145 per cent tariffs on China, with further duties expected on pharmaceuticals in coming weeks.

China retaliated by boosting its tariffs on U.S. goods to 125 per cent. The European Union is also readying countermeasures.

While Saturday’s talks are aimed at easing tensions, it remains unclear how substantive they could prove, said Bo Zhengyuan, partner at Shanghai-based policy consultancy Plenum.

“For more comprehensive geopolitical negotiations to be possible, tariffs would need to be lowered first – the key is whether both sides can agree on the extent and scope of tariff rollbacks, as well as on follow-up talks,” Bo said.

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Bessent told Fox News the two sides would work out during their meeting on Saturday “what to talk about.”


Click to play video: 'China’s Q1 GDP tops estimates at 5.4% as growth momentum continues ahead of Trump tariffs'


China’s Q1 GDP tops estimates at 5.4% as growth momentum continues ahead of Trump tariffs


“Look, we have a shared interest that this isn’t sustainable,” Bessent said. “And 145 per cent, 125 per cent is the equivalent of an embargo. We don’t want to decouple. What we want is fair trade.”

Trump and his trade team have sent mixed signals over progress in talks with major trading partners rushing to cement agreements with Washington and avoid the imposition of hefty import taxes on their goods.

Bessent told lawmakers earlier in the day that the Trump administration was negotiating with 17 major trading partners and could announce trade agreements with some of them as early as this week.

Trump told reporters before a meeting with Canadian Prime Minister Mark Carney that he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.

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U.S. and Britain have made progress towards a trade deal, a British official said, while Bessent has said many other countries including Indonesia have made good offers to reduce tariffs and non-tariff barriers, such as subsidies.

Trump’s moves on tariffs, which he says are aimed in part at reducing the U.S. trade deficit, are so far having an opposite effect, with the gap hitting a record in March as businesses rushed to import goods ahead of the levies.

Notably, though, the U.S. trade deficit with China narrowed sharply as the crushing levies Trump has imposed cut deeply into Chinese imports.

Reporting by Andrea Shalal, Steve Holland and David Ljungren in Washington, David Lawder in Chicago, Jarrett Renshaw in Philadelphia, Laurie Chen, Liz Lee and Joe Cash in Beijing, and Catarina Demony in London; Writing by Andrea Shalal and John Geddie; Editing by Dan Burns, Howard Goller and Shri Navaratnam



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Canada-China trade deal framed as a win for B.C.’s economy TenX News

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Prime Minister Mark Carney’s trade mission to China is being framed as a win for British Columbia’s economy.

Carney announced a new deal with Beijing on electric vehicles and canola at the end of a high-profile trip on Friday.

“The inroads Canada has made this week are a sign that the government gets it and is showing Canadians and the world that we are open for business,” Alexa Young with the Vancouver Fraser Port Authority said.

The trade deal would allow up to 49,000 Chinese EVs into Canada yearly at a tariff rate of 6.1 per cent.

An expanded auto terminal on Annacis Island will be able to handle the additional volume of cars that could be more affordable than what is currently on the market, with prices expected to be under $40,000.

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The New Car Dealers Association said in a statement to Global News that, “We look forward to reviewing the full details of this announcement and engaging constructively with governments to ensure that affordability, competition, and long-term market stability remain central considerations.”


Click to play video: 'Canada reaches tariff deal with China on canola, electric vehicles'


Canada reaches tariff deal with China on canola, electric vehicles


In British Columbia, the overall reaction to the news on Friday is positive.

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“China’s economy is important,” Alex McMillan with the B.C. Chamber of Commerce said.

“Having trade deals like this — and diversifying our markets — is important. Providing certainty is important.”

There are concerns with the agreement, including privacy issues and China’s human rights record. But Ottawa’s goal is to double trade with partners outside the United States, which is a goal that would be impossible without China.

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“We do want to see more trade and more diversification of our markets and know that China is an important nation and important economy, so having better trade relationships with them, I think overall is going to be good,” McMillan said.

–with files from The Canadian Press


&copy 2026 Global News, a division of Corus Entertainment Inc.



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Crown says Calgary man who joined ISIS should serve a 16-year terrorism sentence TenX News

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A Crown prosecutor says a Calgary man who willingly joined and worked for an Islamic State terrorist group in the Middle East over a decade ago should spend 16 years in prison, while a defence lawyer has recommended 12 years.

Jamal Borhot, 35, was convicted in December of three counts of participation in a terrorist group for assisting in the terrorist activities of ISIS in Syria in 2013.

Court heard Borhot and his cousin Hussein Borhot illegally entered Syria through Turkey.

Hussein Borhot pleaded guilty in a separate trial and was sentenced in 2022 to 12 years.

In December, Justice Corina Dario found Jamal Borhot participated in violent acts, actively recruited others to join the cause and worked in administration.

He returned to Calgary after one year.

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Jamal Borhot travelled to Syria in 2013 with his cousin Hussein Borhot, seen here outside the Calgary Court Centre, after pleading guilty in a separate trial in 2022.

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The judge is scheduled to sentence Borhot on Feb. 4.

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At a sentencing hearing Friday, prosecutor Kent Brown said 16 years is appropriate for Jamal Borhot, as the cousin received less time for his pleas.

“The focus remains deterrence and denunciation and that is largely due to the pernicious nature of terrorism offences. Anyone who engages in those activities should expect a significant sentence as a result,” Brown said.

Borhot planned the trip to Syria and tried to hide his movements, the prosecutor said.

“There was real risk of serious harm caused by the offender’s conduct. I submit that’s without question here, given his involvement in battles in Syria.”

Brown added outside court that the case was difficult to prosecute since it happened so long ago. “It’s a cold case that happened in a country half way around the world.”

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Defence lawyer Pawel Milczarek said his client has lived a peaceful life since returning to Canada and should have a sentence that’s proportionate to his cousin’s prison time.

Milczarek said Borhot became radicalized and wanted to help fight the Syrian government, as he believed it was randomly slaughtering civilians.

“Mr. Borhot was motivated by this purpose to travel to Syria. He found the wrong group to fight with,” the lawyer said.

“With 20/20 hindsight, we can all identify that ISIS became a violent terrorist organization after Mr. Borhot left Syria. We should not harshly punish Mr. Borhot for making a mistake with imperfect information.”

Borhot did not address the court.


Click to play video: 'Convicted ISIS sniper living in minimum security prison in Canada moved after BMS report'


Convicted ISIS sniper living in minimum security prison in Canada moved after BMS report


&copy 2026 The Canadian Press



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Iran protests appear to calm, fate of detained demonstrators unclear – National TenX News

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As Iran returned to uneasy calm after a wave of protests that drew a bloody crackdown, a senior hard-line cleric called Friday for the death penalty for detained demonstrators and directly threatened U.S. President Donald Trump — evidence of the rage gripping authorities in the Islamic Republic.

Trump, though, struck a conciliatory note, thanking Iran’s leaders for not executing hundreds of detained protesters, in a further sign he may be backing away from a military strike. Executions, as well as the killing of peaceful protesters, are two of the red lines laid down by Trump for possible action against Iran.

Harsh repression that has left several thousand people dead appears to have succeeded in stifling demonstrations that began Dec. 28 over Iran’s ailing economy and morphed into protests directly challenging the country’s theocracy.

There have been no signs of protests for days in Tehran, where shopping and street life have returned to outward normality, though a week-old internet blackout continued. Authorities have not reported any unrest elsewhere in the country.

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“Iran canceled the hanging of over 800 people,” Trump told reporters in Washington, adding that “I greatly respect the fact that they canceled.”

Trump did not clarify who he spoke to in Iran to confirm the state of any planned executions.


Click to play video: '‘All options on the table’: U.S. warns Iran at emergency UN Security Council meeting'


‘All options on the table’: U.S. warns Iran at emergency UN Security Council meeting


The U.S.-based Human Rights Activists News Agency on Friday put the death toll at 3,090. The number, which exceeds that of any other round of protest or unrest in Iran in decades and recalls the chaos surrounding the 1979 revolution, continues to rise.

The agency has been accurate throughout the years of demonstrations, relying on a network of activists inside Iran that confirms all reported fatalities.

The AP has been unable to independently confirm the toll. Iran’s government has not provided casualty figures.

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Hard-line cleric’s fiery sermon

In contrast, the sermon by Ayatollah Ahmad Khatami carried by Iranian state radio sparked chants from those gathered for prayers, including: “Armed hypocrites should be put to death!”

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Khatami, a member of Iran’s Assembly of Experts and Guardian Council long known for his hard-line views, described the protesters as the “butlers” of Israeli Prime Minister Benjamin Netanyahu and “Trump’s soldiers.” He said Netanyahu and Trump should await “hard revenge from the system.”

“Americans and Zionists should not expect peace,” the cleric said.


FILE – Iranian senior cleric Ahmad Khatami delivers his sermon during Friday prayer ceremony in Tehran, Iran, Friday, Jan. 5, 2018. (AP Photo/Ebrahim Noroozi, File).

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His fiery speech came as allies of Iran and the United States alike sought to defuse tensions. Russian President Vladimir Putin spoke Friday to both Iranian President Masoud Pezeshkian and Israel’s Netanyahu, Kremlin spokesman Dmitry Peskov said.

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Russia had previously kept largely quiet about the protests. Moscow has watched several key allies suffer blows as its resources and focus are consumed by its 4-year-old war against Ukraine, including the downfall of Syria’s former President Bashar Assad in 2024, last year’s U.S. and Israeli attacks on Iran and the U.S. seizure of Venezuelan leader Nicolas Maduro this month.

Exiled Iranian royal calls for fight to continue

Days after Trump pledged “help is on its way” for the protesters, both the demonstrations and the prospect of imminent U.S. retaliation appeared to have receded. One diplomat told The Associated Press that top officials from Egypt, Oman, Saudi Arabia and Qatar had raised concerns with Trump that a U.S. military intervention would shake the global economy and destabilize an already volatile region.

Iran’s exiled Crown Prince Reza Pahlavi urged the U.S. to make good on its pledge to intervene. Pahlavi, whose father was overthrown by Iran’s 1979 Islamic Revolution, said he still believes the president’s promise of assistance.

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“I believe the president is a man of his word,” Pahlavi told reporters in Washington. He added that “regardless of whether action is taken or not, we as Iranians have no choice to carry on the fight.“

“I will return to Iran,” he vowed. Hours later, he urged protesters to take to the streets again from Saturday to Monday.

Despite support by diehard monarchists in the diaspora, Pahlavi has struggled to gain wider appeal within Iran. But that has not stopped him from presenting himself as the transitional leader of Iran if the regime were to fall.


Click to play video: 'Canadian citizen killed by regime in Iran, Foreign Minister Anand says'


Canadian citizen killed by regime in Iran, Foreign Minister Anand says


Iran authorities list protest damage

Khatami, the hard-line cleric, also provided the first overall statistics on damage from the protests, claiming 350 mosques, 126 prayer halls and 20 other holy places had sustained damage. Another 80 homes of Friday prayer leaders — an important position within Iran’s theocracy — were also damaged, likely underlining the anger demonstrators felt toward symbols of the government.

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He said 400 hospitals, 106 ambulances, 71 fire department vehicles, and another 50 emergency vehicles also sustained damage.

Even as protests appeared to have been smothered inside Iran, thousands of exiled Iranians and their supporters have taken to the streets in cities across Europe to shout out their rage at the government of the Islamic Republic.

Amid the continuing internet shutdown, some Iranians crossed borders to communicate with the outside world. At a border crossing in Turkey’s eastern province of Van, a trickle of Iranians crossing on Friday said they were traveling to get around the communications blackout.

“I will go back to Iran after they open the internet,” said a traveler who gave only his first name, Mehdi, out of security concerns.

Also crossing the border were some Turkish citizens escaping the unrest in Iran.


Click to play video: 'Trump says Iran killings ‘stopping,’ executions won’t happen'


Trump says Iran killings ‘stopping,’ executions won’t happen


Mehmet Önder, 47, was in Tehran for his textiles business when the protests erupted. He said he laid low in his hotel until it was shut for security reasons, then stayed with one of his customers until he was able to return to Turkey.

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Although he did not venture into the streets, Önder said he heard heavy gunfire.

“I understand guns, because I served in the military in the southeast of Turkey,” he said. “The guns they were firing were not simple weapons. They were machine-guns.”

In a sign of the conflict’s potential to spill over borders, a Kurdish separatist group in Iraq said it has launched attacks on Iran’s paramilitary Revolutionary Guard in recent days in retaliation for Tehran’s crackdown on protests.

A representative of the Kurdistan Freedom Party, or PAK, said its members have “played a role in the protests through both financial support and armed operations to defend protesters when needed.” The group said the attacks were launched by members of its military wing based inside Iran.

Amiri reported from New York. Associated Press journalists Will Weissert and Darlene Superville in Washington and Serra Yedikardes at the Kapikoy Border Crossing, Turkey, contributed.




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