President Donald Trump said Sunday the United States wants to help China, not hurt it, striking a conciliatory tone days after threatening an additional 100 per cent tariff on the world's second-largest economy. Trump's statements on Friday as well as his threat to cancel a meeting with Xi later this month sent Wall Street stocks tumbling into negative territory as traders worried the trade war between Washington and Beijing could reignite. "The USA wants to help China, not hurt it!!!" Trump said in Sunday's post on Truth Social, adding that "respected President Xi (Jinping)... doesn't want Depression for his country." Trump on Friday said that he would impose the extra levies from November 1 in response to what he called "extraordinarily aggressive" new Chinese export curbs on the rare-earths industry. Beijing, in turn, accused Washington of acting unfairly, with its Ministry of Commerce on Sunday calling Trump's tariff threat a ...
The Indian Air Force is expected to get deliveries of upgraded Light Combat Aircraft Tejas MK-1A from February next year, and the new variant of the indigenously-built jet will be capable of firing a plethora of weapons, including beyond visual range missiles, the Ministry of Defence said today. As the jet completes seven years in service in the IAF, the ministry said the aircraft and its future variants will form the mainstay of the Indian Air Force (IAF). In February 2021, the ministry sealed a Rs 48,000 crore deal with state-run aerospace major Hindustan Aeronautics Ltd for procurement of 83 Tejas MK-1A jets for the IAF. Tejas is a single-engine multi-role fighter aircraft capable of operating in high-threat air environments. Egypt, Argentina, the US, Australia, Indonesia, Malaysia and the Philippines are among the countries showing keen interest in procuring Tejas aircraft. On Saturday, the Light Combat Aircraft (LCA) will complete seven years of service in the IAF. ...