China’s Xi Jinping and US President Donald Trump spoke over the phone Thursday (June 5), the first known formal contact of the Trump 2.0 era. Though signs of détente were few, the fact that the leaders of the world’s two biggest economies are speaking at all marks progress.
US Commerce Secretary Howard Lutnick reiterated that the US aims to bring advanced manufacturing back and to reduce the trade deficit and that the US would like businesses to have reasonable access to the markets of India.
Lutnick previously urged India to purchase more defence equipment from the United States instead of traditional suppliers like France | Latest News India
India sees China as primary adversary, Pakistan as ancillary security issue; Modi focuses on global leadership and military power.
A remarkable mechanism of multilateral cooperation is emerging as the Association of South-East Asian Nations (Asean), China and the Gulf Cooperation Council (GCC) are to hold an inaugural joint summit.
Chinese Premier Li Qiang met with Indonesia’s President Prabowo Subianto to strengthen bilateral trade and investment ties amid global economic challenges.
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