1. CHINESE SHIP INCHES CLOSER TO VIETNAM COASTLINE AMID SOUTH CHINA SEA TENSIONS
A Chinese survey vessel today extended its activities to an area closer to Vietnam’s coastline, after the United States and Australia expressed concern about China’s actions in the disputed waterways.
According to ship tracking data, The Haiyang Dizhi 8 vessel first entered Vietnam’s exclusive economic zone (EEZ) early last month where it began a weeks-long seismic survey, triggering a tense standoff between military and coastguard vessels from Vietnam and China.
Data from Marine Traffic showed that the Chinese vessel continued to survey Vietnam’s EEZ today under escort from at least four ships and was around 102 kilometres southeast of Vietnam’s Phu Quy island and 185 kilometres from the beaches of the southern city of Phan Thiet.
Vietnam and China have for years been embroiled in a dispute over the potentially energy-rich stretch of waters and a busy shipping lane in the South China Sea.
2. TRUMP RAISES TARIFFS ON CHINESE GOODS AS TRADE WAR ESCALATES
President Donald Trump angrily escalated his trade fight with China on Friday, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there.
Trump’s move came after Beijing announced Friday morning that it would hike tariffs on $75 billion in U.S. imports, a move some economists fear could tip a fragile global economy into recession.
Trump said he would be raising planned tariffs on 300 billion US dollars in Chinese goods from 10% to 15%. The Office of the U.S. Trade Representative also said existing tariffs on another 250 billion US dollars in Chinese imports would go from 25% to 30% on October 1 after receiving feedback from the public.
The 13-month-long feud between the U.S. and China has been rattling financial markets, disrupting international trade and weakening prospects for worldwide economic growth.
3. IRAN HAS TEST FIRED A NEW MISSILE
Major General Hossein Salami, commander of Iran’s Revolutionary Guards said today that Iran has test fired a new missile.
According to the Tasnim news agency, Salami said Iran is always the arena for testing a variety of defence and strategic systems and these are non-stop movements towards the growth of Iran’s deterrent power.
He added that yesterday was one of the successful days for this nation.
He did not provide any additional information about the missile.