Taipei agrees to buy some $85bn of US energy, aircraft and equipment in exchange for 15 percent tariff rate.
The United States and Taiwan have finalised a trade deal to reduce tariffs on Taiwanese exports and facilitate billions of dollars of spending on US goods.
The agreement announced on Thursday lowers the general tariff on Taiwanese goods from 20 percent to 15 percent, the same level as Asian trade partners South Korea and Japan, in exchange for Taipei agreeing to buy about $85bn of US energy, aircraft and equipment.
Recommended Stories
list of 4 itemsend of list
Under the deal, Taiwan will eliminate or reduce 99 percent of tariff barriers and provide preferential market access to numerous US goods, including auto parts, chemicals, machinery, health products, dairy products and pork, the office of the US trade envoy said in a statement.
The US will, in turn, exempt a large range of Taiwanese goods from tariffs, including chalk, castor oil, pineapples and ginseng.
Taiwanese President William Lai Ching-te said Taipei had secured tariff exemptions for some 2,000 Taiwanese products, hailing the agreement as a “pivotal” moment for the self-governing island’s economy.
Lai said the deal, when various carve-outs are included, would take the average tariff rate on Taiwanese goods to 12.3 percent.
“From familiar items such as Phalaenopsis orchids, tea, bubble tea ingredients (tapioca starch), and coffee, to pineapple cakes, taro, pineapples, and mangoes – these products that represent Taiwan will become more price-competitive in the US market,” Lai said in a statement on social media.
“We aim not only to sell Taiwan’s great flavors overseas, but also to ensure Taiwanese brands truly enter international markets,” he said.
Lai made no mention of Taiwan’s chip industry, a crucial driver of the island’s economy that is estimated to account for up to 20 percent of gross domestic product (GDP).
Taiwan’s exports rose by 35 percent in 2025 on the back of furious demand for its AI chips, hitting a record $640.75bn.
Thursday’s agreement notably does not include specific commitments from Taiwan to invest in the US chip industry, despite an announcement by US President Donald Trump’s administration last month that Taiwanese firms would pour $250bn into the sector.
A fact sheet released by the Office of the US Trade Representative said the two sides “take note” of the January deal, which included a prior commitment by chip giant Taiwan Semiconductor Manufacturing to invest $100bn in the US.
US Trade Representative Jamieson Greer said Thursday’s agreement built on the longstanding trade relations between Taiwan and the US and would “significantly enhance the resilience of our supply chains, particularly in high-technology sectors”.
“President Trump’s leadership in the Asia Pacific region continues to generate prosperous trade ties for the United States with important partners across Asia, while further advancing the economic and national security interests of the American people,” Greer said.
Nearly one-third of Taiwan’s exports went to the US in 2025, making the country the island’s biggest market for the first time since 2000.
Mustafa Barghouti, secretary-general of the Palestinian National Initiative, said that the steadfastness of Palestinians in Gaza despite genocide, shows ‘the failure of Israel’. Barghouti is at the Al Jazeera Forum, an event focusing on geopolitical shifts in the Middle East.
Everybody is talking about how the Trump administration is combining carrots and sticks in novel ways in its attempt to control Venezuela’s present and imminent future. But the stances that other governments around the world have taken after the bizarre reality that the US Navy choppers left behind is also worthy of a closer look.
Some governments have questioned Delcy Rodríguez’s legitimacy, or reaffirmed their support of the opposition victory in the 2024 election, while chavismo’s longtime allies and pragmatic regional partners have engaged with or recognized the interim government.
A pattern emerges: cautious engagement that aims to prevent a state of chaos that would make our country a more problematic place than it already is.
Neighbors Colombia and Brazil might favor the institutional continuity that Rodríguez offers, since the mayhem caused by a prolonged conflict would likely result in further migratory crises. China’s position appears to be financially driven, as the interest payments from Venezuela’s debt relied on oil shipments, which could be interrupted because of the increasing US involvement in the oil industry. In addition, it’s worth pointing out that Russia’s support is not as solid as previously considered, given statements by its ambassador that suggest broader divisions within of the chavista coalition.
Other governments framed their position along with their longstanding rejection of Maduro’s legitimacy and the electoral fraud of 2024. Most of their current leaders come from conservative parties and positioning themselves as actively anti-chavismo might perform well with their domestic constituencies. In addition, their response reinforced alignment with Washington, at a time in which US foreign policy became particularly focused on the region.
A third group opted for a delicate balancing act. While many support a democratic transition, they avoid endorsing Maduro’s removal, out of concern for future military interventions by the US, in particular because of Trump’s rhetoric on Greenland. These countries also emphasize elections and negotiated solutions. A notable addition of this group is Turkey, a longtime Maduro ally now seeking to preserve working relations with Washington amid shifting regional dynamics, particularly in Syria.
Colombia
Beyond “respecting” her swearing in, as stated by the Minister of Foreign Affairs, Rosa Villavicencio, President Petro’s administration has engaged in talks with Delcy Rodríguez and even suggested that there could be a meeting in Bogotá (although her government denied any imminent trips). On January 27th, Petro also demanded the return of Maduro and Flores, alleging that they were “kidnapped” and that they needed to face trial in Venezuela.
Brazil
Brasilia was quick to recognize Delcy Rodríguez as interim president. President Lula Da Silva condemned the military operation referring to it as an “unacceptable crossing of a line” and a “grave affront of sovereignty”. On January 9th, Rodríguez thanked Da Silva for his “support and solidarity.”
Nicaragua
In a statement during the UN’s Security Council meeting, that country’s representative condemned American military actions, recognized Delcy Rodríguez as interim president and called for the release of Maduro and Cilia Flores. The Rodríguez government also accepted the credentials of the new Nicaraguan ambassador Valezka López.
Cuba
In addition to confirming the deaths of 32 Cuban military officers during Maduro’s extraction, the Díaz Canel government remained supportive. In a speech condemning the attacks, the Cuban president said he was willing to give his “blood” for Venezuela. Cuban Foreign Minister Bruno Rodríguez was seen in Caracas with Rodríguez in a memorial ceremony for the Cuban officers killed on January 3rd.
Russia
On January 6th, the Russian Foreign Ministry celebrated the appointment of Delcy Rodríguez and referred to it as a measure to safeguard stability amidst “neocolonial threats”. Moscow also called for the release of Maduro and Flores. Later, on January 25th, the Russian Ambassador in Venezuela, Sergey Melik-Bagdasarov, claimed that Maduro was betrayed by Venezuelan security officers.
China
Foreign Ministry spokeswoman Mao Ning said her country “respected” the arrangement that led to Rodríguez’s swearing in. The Chinese ambassador Lan Hu in Caracas met with Rodríguez and stated that his country remains committed to Venezuela. Rodríguez thanked him for his support.
Mexico
On January 5th, President Claudia Sheinbaum condemned Maduro’s extraction, citing the country’s long standing rejection of foreign intervention. Mexico promoted a joint statement with Brazil, Uruguay, Colombia, Spain and Chile rejecting the military operation.
Spain
After “emphatically condemning” the US incursion, the Pedro Sánchez government saluted Delcy Rodríguez as its counterpart. Foreign minister José Manuel Albares said that, while they didn’t recognize the official results of the 2024 election, they were open to working with her administration. They also have been in contact with the opposition with the hopes of facilitating dialogue.
India
On January 4th, the Indian government expressed its concern over the situation in Venezuela and the “wellbeing of the people in Venezuela”. They called for peaceful and negotiated solutions. On January 30th, President Modi spoke with Rodriguez, referring to her as acting president and stating that both leaders would seek further cooperation between their countries.
Qatar
On January 10th, Delcy Rodriguez thanked the Kingdom of Qatar for facilitating the release of the first “proof of life” of Maduro. In addition, Qatari authorities said they were open to facilitate a dialogue for a peaceful resolution. The Rodríguez government also received the new Qatari ambassador, Salman Nabit Mubarak Abdullah.
Argentina
In an interview with Andrés Oppenheimer, President Javier Milei celebrated Maduro’s extraction and referred to it as a “liberation”. His government stated they trusted Trump’s transition plan towards democracy and peace.
Bolivia
In a statement on January 3rd, the Rodrigo Paz government released a statement showing support for “the Venezuelan people” in what he considered the beginning of a path of “recovery of his democracy” and considered “inescapable” that there is a “real democratic transition”. Shortly after Maduro’s removal, La Paz announced entry restrictions for individuals linked to chavismo.
Costa Rica
On January 5th, President Rodrigo Chaves emphasized that his country never recognized Maduro as a legitimate leader and expressed hopes that the political transition leads to democracy.
Dominican Republic
President Luis Abinader posted on X that his government was closely monitoring the events in Venezuela, and emphasized respect for the true results of the 2024 election. Foreign Minister Roberto Álvarez said they did not recognize Rodriguez’s government, but emphasized the need to re-establish consular relationships. Venezuela’s chancellor Yvan Gil announced that these relationships would be reactivated in the coming days after cutting ties in the aftermath of the 2024 electoral fraud.
Peru
Peruvian Interim President Jose Jerí had a phone call with Edmundo González, who the country recognizes as president elect. In a statement, his office said that he supported a political transition and hoped that the results of the 2024 election were respected.
Ecuador
Ecuador’s Foreign Affairs Office announced that it was restricting access to Venezuelans linked to the Maduro government. In addition, President Daniel Noboa celebrated the removal of Maduro by posting in his personal X account, “the time will come for all narco-chavista criminals. Its structure will end up falling all over the continent”. He also called for María Corina Machado and Edmundo González to take power. Noboa attended Machado’s Nobel Peace Prize ceremony in December 2025.
Panama
President José Raul Mulino of Panama, who also attended the Nobel Prize ceremony in Oslo, stated that his country does not intend to recognize Rodríguez as interim President.
Chile
President Gabriel Boric condemned the January 3rd attacks and called for a peaceful solution to the Venezuelan crisis. In a meeting at the UN Security Council, Chile’s representative stated that her country did not recognize the Maduro regime and also called for a peaceful and gradual transition process. President-elect José Antonio Kast, set to take office in March, celebrated Maduro’s capture in early January and called for regional cooperation to re-establish democracy and to “coordinate the safe and expeditious return of Venezuelans to their country.”
Paraguay
President Santiago Peña of Paraguay lamented the military incursion in the region, but stated that he didn’t see “any other alternative”. He called for a democratic resolution of the crisis and emphasized that Maduro’s removal was positive for the region. Peña also attended Machado’s Nobel Peace Prize Ceremony.
Canada
Canada’s Prime Minister Mark Carney emphasized that his country has not recognized Maduro since the 2018 presidential vote, and voiced his support for a transition. However, he called for restraint and adherence among all actors involved.
Italy
Prime Minister Giorgia Meloni stated that she is monitoring the situation in Venezuela. In an X post, she celebrated the announcement of the release of political prisoners and hoped that Rodríguez would usher in a “new era of constructive relationships between Caracas and Rome”. The Rodriguez government also accepted the credentials of the new Italian ambassador, Giovanni Umberto De Vito and, with approval of the National Assembly, named Maria Elena Uzzo as the new ambassador to Italy.
United Kingdom
Prime Minister Keir Starmer released a statement on January 3rd celebrating Maduro’s removal and saying that his government will “shed no tears about the end of his regime”. Foreign Secretary Yvette Cooper reaffirmed support for a transition in a speech before the House of Commons, urging Rodríguez to take steps towards democratization.
Uruguay
Foreign Minister Mario Lubetkin stated on January 9th that his country does not recognize Delcy Rodríguez, arguing it had not extend such recognition to Maduro.
European Union
Annita Hipper, foreign affairs spokesperson for the European Commission, said the EU did not intend to recognize Rodríguez as interim president. In a press briefing, she emphasized that both Rodríguez and Maduro lacked electoral legitimacy. However, the European Commission has indicated it will maintain “limited contact” with Venezuelan officials.
Germany
While initially condemning Maduro, calling for a political solution and respect for international law, the Merz government stated it was still conducting a legal assessment of US actions. A spokesperson of the Ministry of Foreign Affairs questioned Rodriguez’s legitimacy.
France
After political backlash caused by Macron’s initial reaction celebrating Maduro’s extraction and calling for Edmundo González to be sworn in, a French government spokesperson said the president remained neutral about the method used to remove Maduro, and continued calling for González to be sworn in.
Turkey
After Maduro’s removal, President Erdogan has remained moderately silent. In the direct aftermath of the extraction, his government called for restraint of all parties involved for the sake of regional safety in a statement. On January 5th, Erdogan stated that he brought up his criticisms of the military operation to Trump during a phone call.
KANYE West accused Kim Kardashian of ‘flirting’ with Lewis Hamilton years before she entered into a relationship with the F1 driver, The Sun can reveal.
Kanye West ‘accused’ Kim Kardashian of flirting with Lewis Hamilton during their marriage, years before the pair became an itemCredit: AFPWe revealed just days ago that Kim and Lewis are dating after turning friendship to romance in recent monthsCredit: ShutterstockKim was married to Kanye from 2014 until 2021Credit: Getty
The reality star and entrepreneur has known Ferrari driver Lewis for over a decade, but things only recently turned romantic.
However, her ex-husband Kanye, 48, had previously accused her of flirting with Lewis when they were together.
They continued: “She wasn’t – of course – but Kanye was always so erratic that if Kim was even friendly with someone he’d accuse her of something.”
Kim and Kanye share children; and cited “irreconcilable differences” as a reason for their divorce five years ago.
Lewis was a friend of both Kim and Kanye, with them bonding over a shared love for fashion. The sportsman even spent Easter at the house they shared as a married couple back in 2016.
The Sun understands Kim and Lewis have been growing close for a number of months, with the pair attending actressKate Hudson’s New Year’s Eve partytogether.
Earlier this week, a source told The Sun: “Kim and Lewis have such intense working schedules so they’re keen to spend as much time together as possible.
“Right now, they’re inseparable and are fitting their dates around Kim’s work commitments.”
Kim had to be in Paris to attend a NikeSkims event – her brand’s collaboration with Nike.
Taking Lewis along with her, the pair stayed at luxurious hotel Le Bristol, and ate in private during their stay.
A source revealed: “Kim absolutely loves spending time in Paris and wanted Lewis to go with her. Her work is so important to her but it’s all things she can slot around spending time with Lewis.
“They’re both used to travelling all over the world while working so doing it together means they can spend proper time with each other.”
Lewis (pictured with ex Nicole Scherzinger) was a close friend of Kim and Kanye’s and has known them both for over a decadeCredit: GettyOur source says that while Kim never did flirt, Kanye’s jealous streak got the better of himCredit: GettyBut in recent months, things have turned romantic between the friendsCredit: Alamy
Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy.
Turkish Air Force F-16 Vipers can be seen flying over the skies of Somalia in new videos that have emerged online. The deployment of these jets comes as Turkey is seeking to increase its presence in the troubled nation where the al-Shabab extremist group is wreaking havoc.
One video shows a Turkish F-16 taking off, afterburner ignited, from an airport in the Somali capital of Mogadishu.
F-16 fighter jets are currently conducting test flights over Mogadishu this morning. These aircraft arrived in Somalia on Wednesday, signifying Türkiye’s increasing support for the nation. It is quite probable that the Somali government is making preparations for the eventual… pic.twitter.com/VPMwXN0MIA
Another video shows a Turkish Air Force F-16 flying at low altitude over the city.
The three Turkish F-16s landed at Aden Adde International Airport in Mogadishu on January 28, according to Somali government officials. The jets were “accompanied by two military helicopters intended to support operations against Al-Shabaab across southern and central Somalia,” according to the Horn Review media outlet. “While there has been no confirmation of active airstrikes conducted by the jets, their presence alone introduces a new operational dimension.”
This deployment marks “the first time Turkey has forward deployed manned combat aircraft into Somalia, expanding its role beyond drones, transport aviation and advisory support,” the publication added.
Turkish F-16C. (Photo by Mustafa Hatipoglu/Anadolu via Getty Images) Anadolu
“Ankara has been constructing a facility to host the F-16s over the past few months,” according to the Middle East Eye. “Turkish engineers [had] reportedly been working at the international airport for several days to prepare the site for the arrival of the jets.”
The F-16 deployment is a way for Ankara “to step up strikes on al-Shabaab militants and protect its growing interests in the Horn of Africa country,” BloombergNews reported, citing people familiar with the matter.
“The move is meant to bolster Turkish drone operations against the Islamist group,” which is linked to al-Qaeda and has been waging an insurgency against the government in Mogadishu for two decades, Bloomberg posited. “The Indian Ocean city — Somalia’s capital — is home to Turkey’s largest overseas military base, while Ankara is building a nearby site to test missiles and space rockets.”
Turkey has a growing interest in the country’s energy industry and wants to increase trade overall, according to Middle East Eye. In addition, Somalia has vast untapped mineral wealth. The country “holds significant potential in critical minerals such as aluminium, copper, iron, rare earth elements, and titanium,” according to the SMA Oxford consulting firm. These minerals are vital for clean energy technologies, including batteries, electric vehicles, and energy storage systems for civilian and military use.
Ankara’s deployment of its F-16s comes as al-Shabab has been resurgent across Somalia.
A view of destroyed buildings and vehicles after an attack by the terrorist organization called al-Shabaab on a hotel in Beledweyne city of Hirshabelle state in Hiran region on March 12, 2025. It was reported that 6 people were killed during the attack. (Photo by Abuukar Mohamed Muhidin/Anadolu via Getty Images) Anadolu
The jihadi group’s actions have spurred the Trump administration to carry out an increasing number of airstrikes against the group.
“These airstrikes have grown sharply in number during U.S. President Donald Trump’s time in office as Washington targets the al-Shabab and ISIS-Somalia jihadist groups,” Semafor reported. “A year into Trump 2.0, the number of strikes in Somalia is already at 144. That is more than half of the tally from Trump’s entire first term, which was itself record-breaking, according to the nonprofit think tank New America.”
There may be another motivating factor for Turkey to bring F-16s to Somalia. Israel, its regional rival, “became the first country to recognize the Republic of Somaliland, a northeastern part of Somalia that has claimed independence for decades,” Reuters reported. “Prime Minister Benjamin Netanyahu has said Israel would seek immediate cooperation in agriculture, health, technology and the economy.”
Turkey and Israel have long jostled for influence in the Middle East, and now it appears this competition has spread to the Horn of Africa, where Turkey continues to expand its footprint. Somalia is strategically located, with a long Gulf of Aden coastline across from Yemen and another coastline along the Arabian Sea section of the Indian Ocean.
Somalia. (Google Earth)
The Turkish government is increasing its training and support activities in Somalia aimed at strengthening the country’s security and stability, Turkey’s Minister of Defense, Yaşar Güler, recently stated, according to TIKLS Briefs, a daily newsletter delivering security analysis and news on the Horn of Africa. “Turkey has also established new military facilities in Somalia, including the Somali Air Command and the TURKSOM training camp in Mogadishu.”
“In Somalia, we recently established the Air Force Command, which includes facilities for helicopters and drones,” added Güler.
Turkey entered Somalia in 2011, helping to build the Somali National Army (SNA) by providing training, vehicles, equipment, and financial support, TIKLS Briefs noted.
This is not the first time Turkey has forward-deployed its Vipers.
As we previously reported, Ankara sent six F-16s to Azerbaijan during a flare-up with that nation’s fighting with Armenia in 2020. You can see a satellite image of that deployment below.
There were six F-16s at Gabala International Airport in Azerbaijan, an Oct. 19 @Maxar satellite image shows. It’s likely that these are the Turkish Air Force fighter jets that moved from Ganja after the city was shelled. https://t.co/49CICDF6QS
It is unknown at the moment how long the Turkish F-16s will stay in Somalia. Regardless, it appears that Turkey is planning to maintain a military presence in this war-torn country for quite some time.
Encouragingly for England on the eve of a subcontinental T20 World Cup, their spin department is holding up well.
A combined 12 overs yielded three wickets for 81 runs at an economy rate of 6.75, a return that underlined their growing control and reliability.
Rashid remains the ace in the pack, capable of stifling momentum and producing breakthroughs at key moments.
The experienced leg-spinner’s googly may have been well studied by opposition batters, but it remains a potent weapon, as Sri Lanka captain Dasun Shanaka discovered when he was trapped lbw slogging to leg.
Dawson’s left-arm spin provided much-needed control through the middle overs, slowing down his speeds to left vs right handers, while Jacks continues to mature as a bowling option, and used his angles well.
Brook has plenty of options to turn to even when the pitch does not spin big.
A slight concern for England, with just under a week to go before a major tournament, was that their seam bowling did not quite hit the mark.
That caveat comes with the acknowledgement that the surface at the Pallekele International Cricket Stadium was a used one, offering little margin for error.
Nevertheless Jamie Overton struggled with his length, while Curran, fresh from an expensive hat-trick in the opening T20, surprisingly lacked conviction after conceding 14 from his first over.
Archer fared slightly better, picking up two wickets despite being targeted early on, with Nissanka launching him out of the ground in his opening over.
Archer, however, recovered well to bowl effectively at the death as Sri Lanka pushed for a total in excess of 200.
Danish company will replace Hong Kong-based firm, CK Hutchison, after Trump claimed strategic waterway was controlled by China.
Published On 31 Jan 202631 Jan 2026
Share
Danish firm Maersk will temporarily operate two ports on the Panama Canal after a court ruled that contracts given to a Hong Kong firm were unconstitutional.
The Panama Maritime Authority (AMP) announced the changes on Friday, a day after the Central American country’s Supreme Court invalidated port contracts held by Hong Kong-based firm CK Hutchison.
According to the court ruling that annulled the deal, CK Hutchison’s contract to operate the ports had “disproportionate bias” towards the Hong Kong-based company.
On Friday, the AMP said port operator APM Terminals, part of the Maersk Group, would take over as the “temporary administrator” of the Balboa and Cristobal ports on either end of the canal.
Maersk takes over from the Panama Ports Company (PPC) – a subsidiary of CK Hutchison Holdings – which has managed the ports since 1997 under a concession renewed in 2021 for 25 years.
The canal, an artificial waterway, handles about 40 percent of US container shipping traffic and 5 percent of world trade. It has been controlled by Panama since 1999, when the US, which funded the building of the canal between 1904 and 1914, ceded control.
Washington on Friday welcomed the decision, but China’s Foreign Ministry spokesman Guo Jiakun said Beijing “will take all measures necessary to firmly protect the legitimate and lawful rights and interests of Chinese companies”.
For its part, PPC said the ruling “lacks legal basis and endangers … the welfare and stability of thousands of Panamanian families” who depend on its operations.
Tens of thousands of workers dug the 82km- (51-mile-) passageway that became the Panama Canal, allowing ships to pass from the Pacific Ocean to the Atlantic without having to travel around the northernmost or southernmost ends of the Americas.
Panama has always denied Chinese control of the canal, which is used mainly by the US and China.
The ‘mother of all trade deals’ comes months after the United States slapped tariffs on India and the European Union.
One of the biggest trade deals in history has been struck by India and the European Union, months after United States President Donald Trump hit both with tariffs.
What’s in the agreement – and how much is driven by Washington’s unpredictable measures?
Presenter: Tom McRae
Guests:
Brahma Chellaney – Professor emeritus of strategic studies at the Centre for Policy Research in New Delhi
Remi Bourgeot – Associate fellow at the French Institute for International and Strategic Affairs in Paris
Dhananjay Tripathi – Senior associate professor in the Department of International Relations at South Asian University in New Delhi
China is showcasing itself as a solid business and trading partner to traditional allies of the United States and others who have been alienated by President Donald Trump’s politics, and some of them appear ready for a reset.
Since the start of 2026, Chinese President Xi Jinping has received South Korean President Lee Jae Myung, Canadian Prime Minister Mark Carney, Finnish Prime Minister Petteri Orpo and Irish leader Micheal Martin.
Recommended Stories
list of 4 itemsend of list
This week, United Kingdom Prime Minister Keir Starmer is on a three-day visit to Beijing, while German Chancellor Friedrich Merz is expected to visit China for the first time in late February.
Among these visitors, five are treaty allies of the US, but all have been hit over the past year by the Trump administration’s “reciprocal” trade tariffs, as well as additional duties on key exports like steel, aluminium, autos and auto parts.
Canada, Finland, Germany and the UK found themselves in a NATO standoff with Trump this month over his desire to annex Greenland and threats that he would impose additional tariffs on eight European countries he said were standing in his way, including the UK and Finland. Trump has since backed down from this threat.
China’s renewed sales pitch
While China has long sought to present itself as a viable alternative to the post-war US-led international order, its sales pitch took on renewed energy at the World Economic Forum‘s (WEF) annual summit in Davos, Switzerland, earlier this month.
As Trump told world leaders that the US had become “the hottest country, anywhere in the world” thanks to surging investment and tariff revenues, and Europe would “do much better” to follow the US lead, Chinese Vice Premier Li Hefeng’s speech emphasised China’s ongoing support for multilateralism and free trade.
“While economic globalisation is not perfect and may cause some problems, we cannot completely reject it and retreat to self-imposed isolation,” Li said.
“The right approach should be, and can only be, to find solutions together through dialogue.”
Li also criticised the “unilateral acts and trade deals of certain countries” – a reference to Trump’s trade war – that “clearly violate the fundamental principles and principles of the [World Trade Organization] and severely impact the global economic and trade order”.
Li also told the WEF that “every country is entitled to defend its legitimate rights and interests”, a point that could be understood to apply as much to China’s claims over places like Taiwan as to Denmark’s dominion over Greenland.
“In many ways, China has chosen to cast itself in the role of a stable and responsible global actor in the midst of the disruption that we are seeing from the US. Reiterating its support for the United Nations system and global rules has often been quite enough to bolster China’s standing, especially among countries of the Global South,” Bjorn Cappelin, an analyst at the Swedish National China Centre, told Al Jazeera.
The West is listening
John Gong, a professor of economics at the University of International Business and Economics in Beijing, told Al Jazeera that the recent series of trips by European leaders to China shows that the Global North is listening, too. Other notable signs include the UK’s approval of a Chinese “mega embassy” in London, Gong said, and progress in a years-long trade dispute over Chinese exports of electric vehicles (EVs) to Europe.
Starmer is also expected to pursue more trade and investment deals with Beijing this week, according to UK media.
“A series of events happening in Europe seems to suggest an adjustment of Europe’s China policy – for the better, of course – against the backdrop of what is emanating from Washington against Europe,” Gong told Al Jazeera.
The shifting diplomatic calculations are also clear in Canada, which has shown a renewed willingness to deepen economic ties with China after several spats with Trump over the past year.
Carney’s is the first visit to Beijing by a Canadian prime minister since Justin Trudeau went in 2017, and he came away with a deal that saw Beijing agree to ease tariffs on Canadian agricultural exports and Ottawa to ease tariffs on Chinese EVs.
Trump lashed out at news of the deal, threatening 100 percent trade tariffs on Canada if the deal goes ahead.
In a statement last weekend on his Truth Social platform, Trump wrote that Carney was “sorely mistaken” if he thought Canada could become a “‘Drop Off Port’ for China to send goods and products into the United States”.
The meeting between Carney and Xi this month also thawed years of frosty relations after Canada arrested Huawei executive Meng Wanzhou in late 2018 at the behest of the US. Beijing subsequently arrested two Canadians in a move that was widely seen as retaliation. They were released in 2021 after Meng reached a deferred agreement with prosecutors in New York.
In Davos, Carney told world leaders that there had been a “rupture in the world order” in a clear reference to Trump, followed by remarks this week to the Canadian House of Commons that “almost nothing was normal now” in the US, according to the CBC.
Carney also said this week in a call with Trump that Ottawa should continue to diversify its trade deals with countries beyond the US, although it had no plans in place yet for a free-trade agreement with China.
Canadian PM Carney, left, meets President Xi in Beijing, China, on January 16, 2026 [Sean Kilpatrick/Pool via Reuters]
Filling the void
Hanscom Smith, a former US diplomat and senior fellow at Yale’s Jackson School of International Affairs, told Al Jazeera that Beijing’s appeal could be tempered by other factors, however.
“When the United States becomes more transactional, that creates a vacuum, and it’s not clear the extent to which China or Russia, or any other power, is going to be able to fill the void. It’s not necessarily a zero-sum game,” he told Al Jazeera. “Many countries want to have a good relationship with both the United States and China, and don’t want to choose.”
One glaring concern with China, despite its offer of more reliable business dealings, is its massive global trade surplus, which surged to $1.2 trillion last year.
Much of this was gained in the fallout from Trump’s trade war as China’s manufacturers – facing a slew of tariffs from the US and declining demand at home – expanded their supply chains into places like Southeast Asia and found new markets beyond the US.
China’s record trade surplus has alarmed some European leaders, such as French President Emmanuel Macron, who, in Davos, called for more foreign direct investment from China but not its “massive excess capacities and distortive practices” in the form of export dumping.
Li tried to address such concerns head-on in his Davos speech. “We never seek trade surplus; on top of being the world’s factory, we hope to be the world’s market too. However, in many cases, when China wants to buy, others don’t want to sell. Trade issues often become security hurdles,” he said.
India and the European Union have agreed on a huge trade deal creating a free trade zone of two billion people, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi have said.
In a post on X during her visit to New Delhi on Tuesday, von der Leyen said the two parties were “making history today”.
Recommended Stories
list of 4 itemsend of list
“We have concluded the mother of all deals. We have created a free trade zone of two billion people, with both sides set to benefit,” she added.
Modi said the landmark agreement, following nearly two decades of on-and-off negotiations, had been reached, hailing its benefits before a meeting with von der Leyen and European Council President Antonio Costa.
“This deal will bring many opportunities for India’s 1.4 billion and many millions of people of the EU,” he said.
The deal will cover about 25 percent of the global gross domestic product (GDP), Modi said, adding that India will get a boost in sectors including textiles, gems and jewellery, and leather goods.
It will pave the way for India, the world’s most populous nation, to open up its huge, protected market to free trade with the 27-nation EU, its biggest trading partner.
The EU views India as an important market for the future, while New Delhi sees Europe as an important potential source of technology and investment.
The formal signing of the deal will take place after legal vetting, expected to last five to six months, the Reuters news agency reported, quoting an Indian government official aware of the matter. The official said the deal was expected to be implemented within a year.
EU exports ‘expected to double’
The EU said it expected its exports to India to double by 2032 as a result of the deal.
Bilateral trade between India and the EU in goods has already grown by nearly 90 percent over the past decade, reaching 120 billion euros ($139bn) in 2024, according to EU figures. Trade in services accounts for a further 60 billion euros ($69bn), EU data shows.
Under the agreement, tariffs on 96.6 percent of EU goods exports to India would be eliminated or reduced, EU officials said. The deal would save up to 4 billion euros ($4.74bn) a year in duties on European products, officials said.
Among the products that would have tariffs all or mostly eliminated were machinery, chemicals and pharmaceuticals.
Tariffs on cars would gradually reduce to 10 percent with a quota of 250,000 vehicles a year, officials said, while EU service providers would gain privileged access to India in key areas such as financial and maritime services. Tariffs on EU aircraft and spacecraft would be eliminated for almost all products.
Tariffs would be cut to 20-30 percent on EU wine, 40 percent on spirits, and 50 percent on beer, while tariffs on fruit juices and processed food would be eliminated.
“The EU stands to gain the highest level of access ever granted to a trade partner in the traditionally protected Indian market,” von der Leyen said on Sunday. “We will gain a significant competitive advantage in key industrial and agri-good sectors.”
Last-minute talks on Monday had focused on several sticking points, including the impact of the EU’s carbon border tax on steel, sources familiar with the discussions told the AFP news agency.
Talks on the India-EU trade deal were launched in 2007, but for many years made little progress. However, Russia’s full-scale invasion of Ukraine led to the relaunch of talks in 2022, while United States President Donald Trump’s aggressive tariff policy spurred rapid progress in negotiations.
India and the EU also announced the launch of a security and defence partnership, similar to partnerships the EU has with Japan and South Korea, as von der Leyen said Brussels and New Delhi would grow their strategic partnership further.
The moves come as India, which has relied on Russia for key military hardware for decades, has tried to reduce its dependence on Moscow by diversifying imports and pushing its domestic manufacturing base, while Europe is doing the same with regard to Washington.
The EU-India deal comes days after Brussels signed a key pact with the South American bloc Mercosur, following deals last year with Indonesia, Mexico and Switzerland. During the same period, New Delhi finalised pacts with the United Kingdom, New Zealand and Oman.
Police on South Korea’s Jeju Island announce the arrest of 12 people accused of being part of a drug smuggling ring. Photo by Yonhap News Service/UPI
JEJU ISLAND, South Korea, Jan. 27 (UPI) — Authorities on Jeju Island have busted a drug smuggling ring, arresting 12 people accused of trying to import methamphetamine into South Korea through the popular tourist resort island.
The Jeju Provincial Police Agency’s Narcotics Crime Investigation Unit said in a statement Monday that the arrests come after a months-long investigation that began in late October after a non-Korean smuggled about 1.2 kilograms, or 2.5 pounds, of methamphetamine into Jeju in his suitcase.
Police said the alleged courier was a Chinese national in his 30s who departed an airport in Thailand on Oct. 23 for Jeju via Singapore, according to local media.
A police report from late October states that after arriving on Jeju on Oct. 24, the suspect posted an advertisement on social media for a Korean to deliver the package to the mainland.
Jeju Island is visa-free for nationals from all but 23 countries, but those entering visa-free cannot then travel to mainland Korea without proper authorization.
According to police, a Korean man in his 20s replied to the advertisement and received the bag from the suspect on Oct. 27.
Suspecting the bag to contain a bomb, the unidentified Korean citizen contacted the police, resulting in authorities seizing the bag of drugs and the arrest of the suspect at a hotel in Jeju’s northeastern coastal village of Hamdeok.
Through the investigation, Jeju police identified what they described as a “tightly structured distribution network” of drug smuggling, distribution, sale and use.
“Over a three-month period, investigators persistently tracked suspects through stakeouts and investigative trips to Seoul and other regions,” the Jeju Provincial Police Agency said Monday in a statement.
Jeju police said Monday that they have requested an Interpol Red Notice for the operation’s ringleader and smuggling coordinator.
Of the 12 people arrested, seven remain in pretrial detention, according to authorities, who identified two of the arrested as distributors of the alleged drug smuggling organization and five buyers who had received and used methamphetamine.
“Although investigators faced significant difficulties in tracking the organization’s cell-based structure — where accomplices repeatedly recruited couriers through part-time employment under the direction of overseas ringleaders — police ultimately dismantled the domestic-foreign national network through long-term surveillance and extended investigative operations,” Jeju police said.
The development comes as packages of drugs, often ketamine, have repeatedly been discovered washed ashore on Jeju since September.
On Jan. 9, the Jeju Regional Maritime Police Agency announced that the drugs that have washed ashore stem from “a large-scale drug loss incident” in waters off western Taiwan in July. Taiwanese authorities discovered about 140 kilograms, or 308 pounds, of ketamine disguised in green and silver tea bag-style packaging in its waters.
Authorities continue to investigate the criminal group responsible.
A total of 34 kilograms, or 74 pounds, of drugs have washed ashore in Jeju since September, with the last discovery of narcotics in the province occurring Dec. 9 on Udo, a small islet off eastern Jeju.