China Slams 'Appeasement' of US as Nations Rush to Secure Trade Deals

FILE PHOTO: A drone view shows a cargo ship at Kwai Tsing Container Terminals in Hong Kong, China, April 16, 2025. REUTERS/Tyrone Siu
FILE PHOTO: A drone view shows a cargo ship at Kwai Tsing Container Terminals in Hong Kong, China, April 16, 2025. REUTERS/Tyrone Siu
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China Slams 'Appeasement' of US as Nations Rush to Secure Trade Deals

FILE PHOTO: A drone view shows a cargo ship at Kwai Tsing Container Terminals in Hong Kong, China, April 16, 2025. REUTERS/Tyrone Siu
FILE PHOTO: A drone view shows a cargo ship at Kwai Tsing Container Terminals in Hong Kong, China, April 16, 2025. REUTERS/Tyrone Siu

China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, vowing countermeasures against those who "appease" Washington in the blistering tariff war as its neighbors rush to secure favorable terms from the White House.

While the rest of the world has been hit with a blanket 10 percent tariff, China faces levies of up to 145 percent on many products. Beijing has responded with duties of 125 percent on US goods, AFP reported.

Parallel to Washington's full trade war against top economic rival China, a number of countries are now engaged in negotiations with the United States to lower tariffs.
South Korean giants such as Samsung Electronics and auto maker Hyundai stand to take a hefty hit if the White House goes ahead with its threatened levies.

Japan's prime minister Shigeru Ishiba said on Saturday that talks between Japan and the United States could be a "model for the world", after Tokyo's tariffs envoy Ryosei Akazawa visited Washington and met President Donald Trump last week.

"The fact that President Trump came out (to negotiate with Japan's envoy)... shows he sees talks with Japan as important," he told the country's parliament on Monday.

"Japan is their ally and the biggest investor and job creator in the US," Ishiba said.
US Vice President JD Vance also arrived in India on Monday for a four-day official visit as the two countries work to hash out a trade agreement.

But Beijing warned nations on Monday not to seek a deal with the United States that compromised its interests.

"Appeasement will not bring peace, and compromise will not be respected," a spokesperson for China's commerce ministry said in a statement.

"To seek one's own temporary selfish interests at the expense of others' interests is to seek the skin of a tiger," Beijing said.

That approach, it warned, "will ultimately fail on both ends and harm others".

"China firmly opposes any party reaching a deal at the expense of China's interests," the spokesperson said.

"If such a situation occurs, China will never accept it and will resolutely take reciprocal countermeasures," they added.

- 'Talking to China' -
Trump's tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin.

Trump said last week that the United States was in talks with China on tariffs, adding that he was confident the world's largest economies could make a deal to end the bitter trade war.

"Yeah, we're talking to China," Trump told reporters in the Oval Office. "I would say they have reached out a number of times."

"I think we're going to make a very good deal with China," he said at the White House.

China has vowed to fight the trade war "to the end" and has not confirmed specific talks with Washington, though it has called for dialogue.

Speaking alongside his Indonesian counterpart in Beijing on Monday, top Chinese diplomat Wang Yi called for "openness, inclusiveness, mutual benefit and win-win" and condemned "any form of unilateralism and trade protectionism".

"The abuse of tariffs will seriously damage the normal economic and trade exchanges among countries," he warned.

Beijing's commerce ministry also warned about an international order reverting to the "law of the jungle".

"Where the strong prey on the weak, all countries will become victims," the spokesperson said.

As part of Trump's trade war, the US government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- to $800 from $2,500 as of April 5.

Trump's government has taken particular aim at China, and earlier this month Washington closed a duty-free exemption for small parcels from the country, a move that appeared to be designed to target low-cost online retailers like Temu and Shein.

In a statement in response, global shipping giant DHL said it will "temporarily" suspend the shipping of parcels worth more than $800 from businesses to individuals in the United States as of Monday.



Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)
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Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)

Saudi Arabia’s Public Investment Fund has fully allocated the proceeds of its green bond issuance, directing $9 billion to eligible projects, in a move that highlights the sovereign wealth fund’s growing role in shaping a more sustainable future and delivering lasting positive impact worldwide.

According to a recent report issued by the Public Investment Fund, reviewed by Asharq Al-Awsat, the expected impact of the fund’s eligible green projects includes generating 427 megawatts of renewable energy, avoiding emissions equivalent to 5.1 million tons of carbon dioxide, and treating 4 million cubic meters of wastewater.

The Public Investment Fund aims to establish itself as an active participant in global debt markets, while also fostering the development of a dynamic domestic market. This would enable the fund to access short- or long-term liquidity through a diverse range of financing instruments.

Financing strategy

The fund’s capital markets program aims to further strengthen its financing strategy and execution capabilities, both at the level of the Saudi sovereign wealth fund and across its portfolio companies, while enabling deeper engagement with global and local debt markets.

The program will also support expanding the fund’s capacity to raise debt and deploy it as a source of investment financing, in line with its overall funding strategy. This approach is designed to instill greater discipline in cash flow management and enhance returns on equity for the fund and its portfolio companies.

The green bond issuance will provide the fund with access to a broader pool of investors who prioritize environmental, social, and governance considerations in their investment decisions. It will also allow investors to diversify their portfolios through green assets, a step expected to help accelerate the pace of green investment globally.

Climate change

The fund has taken concrete steps to advance governance and policy, focusing on sustainability, and is a founding member of the One Planet Sovereign Wealth Funds initiative. This international platform aims to accelerate the integration of climate change considerations into asset management decisions and investment opportunities.

As an investment vehicle, the Public Investment Fund operates through acquiring stakes in companies aligned with its mandate, including ACWA Power and Lucid.

It has also established the Saudi Investment Recycling Company, a leader in waste management and recycling, manages the National Energy Services Company, Tarshid, and supports the creation of a voluntary carbon market in the Middle East and North Africa.

These efforts aim to strengthen Saudi Arabia’s position as one of the world’s most energy-efficient countries.

The green bond issuance will finance tangible projects on the ground, helping to accelerate the green transition and advance the Kingdom’s core targets of achieving net zero emissions by 2060 and generating 50 percent of electricity consumption from renewable energy sources by 2030.

This forms a key pillar of the renewable energy program implemented by the fund, which involves developing 70 percent of renewable power generation capacity.


Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)
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Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)

E-commerce sales in Saudi Arabia via "mada" cards soared to an all-time monthly high in October 2025, surpassing SAR30.7 billion.

The surge in sales represents a 68% year-on-year increase, totaling about SAR12.4 billion more than the SAR18.3 billion recorded in October 2024, according to the Saudi Central Bank (SAMA) statistical bulletin on Wednesday.

E-commerce sales for the third quarter (Q3) of 2025 hit SAR88.3 billion, up 15.2% from the previous quarter, representing an increase of about SAR11.6 billion over the SAR76.6 billion recorded in Q2.

On a monthly basis, e-commerce sales in October rose 6%, gaining approximately SAR1.6 billion over September’s total of SAR29.1 billion.

From January to October, "mada" data showed e-commerce sales grew 47.3%, rising by around SAR9.9 billion over the SAR20.9 billion recorded in January.

These figures cover transactions made via "mada" cards on e-commerce websites, apps, and digital wallets, and do not include credit-card payments.


Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
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Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)

Jeddah's King Abdulaziz International Airport (KAIA) celebrated the launch of its first direct flynas flight to Moscow, operating three weekly flights between Jeddah and Vnukovo International Airport.

This initiative, in partnership with the Saudi Tourism Authority and the Air Connectivity Program, boosts air links between Saudi Arabia and Russia.

It marks KAIA's third direct Russian destination, following Makhachkala and Mineralnye Vody, which were inaugurated earlier this month by Azimuth Airlines.

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location.