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China raises tariffs on US goods to 84%

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China said on Wednesday that it will raise the tariff rate on all imported goods from the United States to 84 percent, and add 12 more US entities to the export control list.

Beijing’s latest countermeasures followed the US President Donald Trump’s decision to increase the “reciprocal tariffs” on Chinese goods to 84 percent, up from 34 percent.

The Customs Tariff Commission of the State Council, the country’s Cabinet, said in a statement on Wednesday that the US’ decision to escalate tariffs on Chinese goods is “a mistake upon a mistake”.

The US tariff hike, which severely infringes on China’s legitimate rights and interests, damages the rules-based multilateral trading system, and destabilizes the global economic order, is “a clear example of unilateralism, protectionism, and economic coercion”, the commission said.

On the same day, the Ministry of Commerce announced that it will place 12 US entities such as American Photonics and BRINC Drones on its export control management list, effectively prohibiting the export of dual-use items to these companies.

These US entities engage in activities that may endanger China’s national security and interests, the ministry said, stressing that no exporter may violate the aforementioned rules.

(chinadaily)

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Musk calls Trump’s tax bill a ‘disgusting abomination’

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Elon Musk has hit out at President Donald Trump’s signature tax and spending bill, describing it as a “disgusting abomination”, in a widening rift between the two allies.

The budget – which includes multi-trillion dollar tax breaks and more defence spending while also allowing the US government to borrow more money – was passed by the House of Representatives last month.

“Shame on those who voted for it,” Musk said in a post on X about the legislative linchpin of Trump’s second-term agenda.

The tech billionaire left the administration abruptly last week after 129 days working to cut costs with his team, known as Doge.

The comments mark his first public disagreement with Trump since leaving government, after having previously called the plan “disappointing”.

The South African-born tech billionaire’s time in the Trump administration came to an end on 31 May, although Trump said that “he will, always, be with us, helping all the way”.

In its current form, the bill – which Trump refers to as the “big beautiful bill” – has been estimated to increase the budget deficit – the difference between what the government spends and the revenue it receives – by about $600bn (£444bn) in the next fiscal year.

In a series of posts on X on Tuesday, Musk said that the “outrageous, pork-filled” spending bill will “massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden America [sic] citizens with crushingly unsustainable debt”.

In American politics “pork” refers to spending on projects in lawmakers’ constituencies.

Musk, who had previously vowed to fund campaign challenges against any Republican that votes against Trump’s agenda, added a political warning in another post.

“In November next year, we fire all politicians who betrayed the American people,” he wrote.

Asked about Musk’s comments soon after the first post, White House press secretary Karoline Leavitt said “the President already knows where Elon Musk stood on this bill”.

“This is one, big, beautiful bill,” she added. “And he’s sticking to it.”

The legislation also pledges to extend soon-to-expire tax cuts passed during the first Trump administration in 2017, as well as an influx of funds for defence spending and to fund the administration’s mass deportations of undocumented immigrants.

To the dismay of fiscal conservatives, it would lift the limit on the amount of money the government can borrow, known as the debt ceiling, to $4tn.

The comments from Musk reflect wider tensions among Republicans over the plan, which faced stiff opposition from different wings of the party as it worked its way through the House.

The Senate has now taken it up, and divisions are already emerging in that chamber, which is also narrowly controlled by Republicans.

Kentucky Senator Rand Paul has said over the last few days he will not support the bill if it raises the debt ceiling.

“The GOP [the Republican Party] will own the debt once they vote for this,” he told CBS News, the BBC’s US partner, over the weekend.

Trump responded to Paul with a series of social media posts, accusing him of having “very little understanding of the bill” and saying that the “people of Kentucky can’t stand him”.

“His ideas are actually crazy,” Trump wrote.

Republican lawmakers pushed back on Musk’s comments, with Senate majority leader John Thune telling reporters the party plans to “proceed full speed ahead” despite “a difference of opinion”.

“We have an agenda that everybody campaigned on, most notably the president,” he said.

Mike Johnson – the Republican Speaker who has ushered the legislation through the House – told reporters on Capitol Hill that “my friend Elon is terribly wrong”.

“It’s a very important first start. Elon is missing it,” Johnson said.

Johnson said he had a 20-minute phone call with the tycoon about the bill on Monday, adding that its phasing out of electric vehicle tax credits could “have an effect” on Tesla, Musk’s firm.

“I lament that,” Johnson said, expressing surprise that Musk criticised the bill despite their call. “I just deeply regret he’s made this mistake.”

Among the issues that upset Musk involved air traffic control at the Federal Aviation Administration (FAA), according to Axios.

Musk was hoping it would be run on his Starlink satellite system, but he was denied because of issues relating to the technology and the appearance of a conflict of interest, the political outlet reported.

Some Democrats welcomed Musk’s comments despite their previous criticism of him and the work of Doge.

“Even Elon Musk, who’s been part of the whole process, and is one of Trump’s buddies, said the bill is bad,” Senate Minority Leader Chuck Schumer said. “We can imagine how bad this bill is.”

Trump and Republicans in Congress have set a deadline of 4 July to get the measure passed and signed into law.

Musk supported Trump in last year’s November election with donations of more than $250m.

To make peace with spending hawks, Trump is also asking Congress to pass a plan that would reduce current spending by $9.4bn, a figure derived from Doge’s work.

It would mainly slash funding for foreign aid, the United States Agency for International Development (USAID) and for broadcasters NPR and PBS.

(BBC News)

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Mount Etna erupts as large plumes rise from volcano

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Italy’s Mount Etna has erupted, with large plumes of ash and smoke seen rising from the volcano.

Images and video from the island of Sicily showed volcanic material spilling out of the volcano on Monday morning.

A number of explosions of “increasing intensity” were recorded in the early hours on Monday morning, Italy’s National Institute of Geophysics and Volcanology (INGV) Etna Observatory said.

The full scale of the eruption is currently unclear and disruption appears to be minimal.

Mount Etna is one of the world’s most active volcanoes, so eruptions are not uncommon and its outbursts rarely cause significant damage or injury.

(BBC News)

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Ukraine drones strike bombers during major attack in Russia

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A Ukrainian drone attack destroyed more than 40 Russian planes deep in Russia’s territory, a Ukrainian security official told The Associated Press on Sunday, while Russia pounded Ukraine with missiles and drones a day before the two sides meet for a new round of direct talks in Istanbul.

The official, who spoke on condition of anonymity to disclose operational details, said the attack took over 18 months to plan and execute and was personally supervised by Ukrainian President Volodymyr Zelenskyy.

The operation saw drones transported in containers carried by trucks deep into Russian territory, he said. The drones reportedly hit 41 planes stationed at several airfields on Sunday afternoon, including A-50, Tu-95 and Tu-22M aircraft, the official said. Moscow has previously used Tupolev Tu-95 and Tu-22 long-range bombers to launch missiles at Ukraine, while A-50s are used to coordinate targets and detect air defenses and guided missiles.

Russia’s Defense Ministry in a statement confirmed the attacks, which spanned five airfields. The FPV drones damaged aircraft and sparked fires on air bases in the Irkutsk region, more than 2,500 miles from Ukraine, as well as Russia’s northern Murmansk, it said. Strikes were repelled in the Amur region in Russia’s Far East and in the western regions of Ivanovo and Ryazan, the ministry said.

The attack came the same day as MR. Zelenskyy said Ukraine will send a delegation to Istanbul for a new round of direct peace talks with Russia on Monday.

In a statement on Telegram, Mr. Zelenskyy said that Defense Minister Rustem Umerov will lead the Ukrainian delegation. “We are doing everything to protect our independence, our state and our people,” Mr. Zelenskyy said.

Ukrainian officials had previously called on the Kremlin to provide a promised memorandum setting out its position on ending the war before the meeting takes place. Moscow had said it would share its memorandum during the talks.

(KYIV)

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