Misinformation Casts Shadow on US-China Trade Truce

US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP
US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP
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Misinformation Casts Shadow on US-China Trade Truce

US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP
US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP

From false claims of Americans panic-buying Chinese goods to bot-driven attacks on US brands, a tide of misinformation is casting a shadow over a temporary trade truce between Washington and Beijing.

The world's two biggest economies agreed earlier this month to pause reciprocal tariffs for 90 days, a surprise de-escalation in their bitter trade war following high-level talks in Geneva, said AFP.

But an alternate reality is unfolding across social media platforms, including China's Douyin and Weibo, where a surge of falsehoods is fueling anti-American sentiment that could undermine the fragile truce.

One online video, which garnered millions of views across those platforms and TikTok, claims to show panicked American shoppers snapping up Chinese-branded television sets in the aftermath of trade tensions.

But in reality, that was old footage from 2018 showing Black Friday shopping frenzy at a US supermarket.

The falsehood was further amplified by Chinese state media outlets, including China Daily, which ran headlines such as: "Americans are starting to stock up like crazy amid tariffs and snapping up Chinese-branded TVs."

A news clip on its website -- more recycled footage from 2018 -- bears a "file footage" watermark in the upper left corner, apparently to shield the outlet from legal liability.

Other unfounded claims emerged on Chinese platforms about Americans flying to China to shop for Chinese goods, and that US citizens -- reeling from the economic fallout of the trade war -- were queuing up to purchase supplies in bulk.

"These narratives are almost certainly curated by the state, which has become increasingly fluent in harnessing social media," Andrew Mertha, director of the SAIS China Global Research Center at Johns Hopkins University, told AFP.

"(They) help align Chinese public opinion with governmental strategy, in this case demonstrating -- albeit inaccurately, certainly prematurely -- that 'the US is already feeling the pain, so China must stay the course.'"

Economic jitters

US President Donald Trump's on-again, off-again tariffs have sent jitters through the world economy, unnerving investors and roiling financial markets.

Under the May 12 truce, the United States agreed to temporarily reduce the tariff on Chinese imports to 30 percent from 145 percent, while China said it would lower its import duty on American goods to 10 percent from 125 percent.

Some of the false narratives emerged before the agreement but have continued to spread online, fueling confusion and a broader wave of information chaos.

"A lot of friends in China asked me: Are there no eggs in the United States? Is it very unsafe? Are people rushing to buy things? Have you stockpiled anything?" Vivian Wei, a Chicago-based content creator, told AFP.

"Some people even (suggested) not to come to the United States for tourism or study."

The rumors prompted Wei to tour several supermarkets across Chicago, only to find shelves stocked.

While American shoppers seemed unfazed by the swirl of online misinformation, Wei observed that the "Chinese were getting very excited."

'Digital blitz'

Last month, disinformation security firm Cyabra uncovered an anti-US influence campaign on the Elon Musk-owned X involving thousands of fake or bot-operated accounts.

They targeted global brands such as Gucci, Chanel and Amazon, amplifying the unfounded narrative that they produced goods in China while branding them as "Made in France" or "Made in Italy."

The accounts blamed Trump's trade policies for enabling such deceptive marketing practices, while urging consumers to ditch those brands and purchase products directly from China.

"This was a digital blitz. A third of the accounts weren't real, but the backlash they triggered was," Dan Brahmy, chief executive of Cyabra, told AFP.

"Fake profiles hijacked luxury brands, pushed anti-US narratives, and steered buyers away without raising suspicion. That's what makes it effective."

Last month, AFP also uncovered viral TikTok videos by Chinese content creators promoting the spurious claim that international luxury brands were secretly manufacturing their products in China.

The targeted brands did not respond to the claim, which appeared to be part of a sprawling campaign exploiting US-China trade tensions to market counterfeit luxury goods.

The false narratives are unlikely to fade as trade negotiations continue, experts say.

"I believe these narratives will continue and will evolve in parallel with strengthening the Chinese government's negotiating position," said Mertha from Johns Hopkins University.



Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
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Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)

Syria and Saudi Arabia signed deals Saturday that include a joint airline and a $1-billion project to develop telecommunications, officials said, as Syria seeks to rebuild after years of war.

The new authorities in Damascus have worked to attract investment and have signed major agreements with several companies and governments.

Syrian Investment Authority chief Talal al-Hilali announced a series of deals including "a low-cost Syrian-Saudi airline aimed at strengthening regional and international air links".

The agreement also includes the development of a new international airport in the northern city of Aleppo, and redeveloping the existing facility.

Hilali also announced an agreement for a project called SilkLink to develop Syria's "telecommunications infrastructure and digital connectivity".

Syrian Telecommunications Minister Abdulsalam Haykal told the signing ceremony that the project would be implemented "with an investment of around $1 billion".

For decades, Syria was unable to secure significant investments because of Assad-era sanctions.

But the United States fully removed its remaining sanctions on Damascus late last year, paving the way for the full return of investments.

Syria and Saudi Arabia also inked an agreement on water desalination and development cooperation on Saturday.

At the ceremony, Saudi Investment Minister Khalid Al-Falih announced the launch of an investment fund for "major projects in Syria with the participation of the (Saudi) private sector".

The deals are part of "building a strategic partnership" between the two countries, he said.

Syria's Hilali said the agreements targeted "vital sectors that impact people's lives and form essential pillars for rebuilding the Syrian economy".

Syria has begun the mammoth task of trying to rebuild its shattered infrastructure and economy.

In July last year, Riyadh signed investment and partnership deals with Damascus valued at $6.4 billion to help rebuild the country's infrastructure, telecommunications and other major sectors.

A month later, Syria signed agreements worth more than $14 billion, including investments in Damascus airport and other transport and real estate projects.

This week, Syria signed a preliminary deal with US energy giant Chevron and Qatari firm Power International to explore for oil and gas offshore.


India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
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India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)

Indian Prime Minister Narendra Modi on Saturday hailed an interim trade agreement with the United States, saying it would bolster global growth and deepen economic ties between the two countries.

The pact cuts US "reciprocal" duties on Indian products to 18 percent from 25 percent, and commits India to large purchases of US energy and industrial goods.

US President Donald Trump, while announcing the deal Tuesday, had said Modi promised to stop buying Russian oil over the war in Ukraine.

The deal eases months of tensions over India's oil purchases -- which Washington says fund a conflict it is trying to end -- and restores the close ties between Trump and the man he describes as "one of my greatest friends."

"Great news for India and USA!" Modi said on X on Saturday, praising US President Donald Trump's "personal commitment" to strengthening bilateral ties.

The agreement, he said, reflected "the growing depth, trust and dynamism" of their partnership.

Modi's remarks came hours after Trump issued an executive order scrapping an additional 25 percent levy imposed over New Delhi's purchases of Russian oil, in a step to implement the trade deal announced this week.

Modi, who has faced criticism at home about opening access of Indian agricultural markets to the United States and terms on oil imports, did not mention Russian oil in his statement.

"This framework will also strengthen resilient and trusted supply chains and contribute to global growth," he said.

It would also create fresh opportunities for Indian farmers, entrepreneurs and fishermen under the "Make in India" initiative.

In a separate statement, Commerce Minister Piyush Goyal said the pact would "open a $30 trillion market for Indian exporters".

Goyal also said the deal protects India's sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry and milk.

Other terms of the agreement include the removal of tariffs on certain aircraft and parts, according to a separate joint statement released Friday by the White House.

The statement added that India intends to purchase $500 billion of US energy products, aircraft and parts, precious metals, tech products and coking coal over the next five years.

The shift marks a significant reduction in US tariffs on Indian products, down from a rate of 50 percent late last year.

Washington and New Delhi are expected to sign a formal trade deal in March.


Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
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Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over US-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold rose 3.1% to $4,916.98 per ounce by 09:31 a.m. ET (1431 GMT), recouping losses posted during a volatile Asia session that followed a fall of 3.9% on Thursday. Bullion was headed for a weekly gain of about 1.3%.

US gold futures for April delivery gained 1% to $4,939.70 per ounce.

The US dollar index fell 0.3%, making greenback-priced bullion cheaper for the overseas buyers.

"The gold market is seeing perceived bargain hunting from bullish traders," said Jim Wyckoff, senior analyst at Kitco Metals.

Iran and the US started high-stakes negotiations via Omani mediation on Friday to try to overcome sharp differences over Tehran's nuclear program.

Wyckoff said gold's rebound lacks momentum and the metal is unlikely to break records without a major geopolitical trigger.

Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty.

Spot silver rose 5.3% to $74.98 an ounce after dipping below $65 earlier, but was still headed for its biggest weekly drop since 2011, down over 10.6%, following steep losses last week as well.

"What we're seeing in silver is huge speculation on the long side," said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase.

CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.

Spot platinum added 3.2% to $2,052 per ounce, while palladium gained 4.9% to $1,695.18. Both were down for the week.