US seeks constructive talks with China on the adverse impact of flooding markets with cheap goods

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US Treasury Secretary Janet Yellen speaks during a roundtable discussion at the solar cell company Suniva in Norcross, Georgia, on March 27, 2024. (AFP)
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US Treasury Secretary Janet Yellen (2nd R) speaks with Suniva CEO Matt Card (2nd L) as she visits the solar cell company Suniva in Norcross, Georgia, on March 27, 2024. (AFP)
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S Treasury Secretary Janet Yellen (L) shakes hands with Suniva CEO Matt Card as she arrives at the solar cell company Suniva in Norcross, Georgia, on March 27, 2024. (AFP)
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Updated 28 March 2024
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US seeks constructive talks with China on the adverse impact of flooding markets with cheap goods

  • Treasury Secretary Yellen says China’s overproduction of solar panels, EVs and lithium-ion batteries distort global markets and hurting jobs in other industrial and developing economies

NORCROSS, Georgia/WASHINGTON: US Treasury Secretary Janet Yellen said on Wednesday she intends to warn China about the negative effects of Beijing’s subsidies for its clean energy industries, including solar panels and electric vehicles, during a visit to the country.

“I intend to talk to the Chinese when I visit about overcapacity in some of these industries, and make sure that they understand the undesirable impact that this is having — flooding the market with cheap goods — on the United States but also in many of our closest allies,” Yellen told MSNBC in a live interview.

Yellen traveled to the state of Georgia to visit a Suniva solar cell manufacturing plant that closed in 2017 due to competition from cheaper, subsidized solar panels from China.
The plant is now reopening because of anticipated demand fueled by tax credits for US-made clean energy technology in the 2022 Inflation Reduction Act worth hundreds of billions of dollars.
Earlier on Wednesday, Suniva and Canada’s Heliene announced a three-year, $400 million deal to join forces to cooperate on the production of fully US-made complete solar panels that can be installed into solar power projects. A steady supply of US-produced panels will enable solar project developers to claim a 10 percent bonus credit on top of the 30 percent tax credit on the cost of renewable energy facilities.
Yellen said in remarks at the factory that she will raise concerns China is now overproducing solar panels, EVs and lithium-ion batteries in the same way that it built too much capacity to make steel and aluminum, distorting global markets and hurting jobs in other industrial and developing economies.
Politico has reported that Yellen will travel to China in April. The Treasury Department has declined to confirm her travel plans.
“I will convey my belief that excess capacity poses risks not only to American workers and firms and to the global economy, but also productivity and growth in the Chinese economy, as China itself acknowledged in its National People’s Congress this month,” Yellen said. “And I will press my Chinese counterparts to take necessary steps to address this issue.”
China’s excess capacity is an increasing source of concern to Biden administration officials as its exports surge in the face of weak demand at home, while Chinese policymakers are pledging more support for strategically important sectors.
At the same time, the US is pouring hundreds of billions of dollars of tax incentives into clean energy to attract investments that can build viable EV and alternative power sectors that do not depend on China for crucial components such as batteries.
Yellen highlighted the Suniva plant as an example of how the Biden administration’s economic agenda is “lowering energy costs for American consumes and powering growth in strategic industries.”
Yellen told reporters the US has been advocating a rebalancing of China’s economy toward more consumer spending, but added that she was not prepared to discuss potential retaliation from the US and its allies against China’s policies.
“We see, of course, the same concerns in Europe, for example, but I don’t want to get into retaliation,” Yellen said. “We want to see what we can do that’s constructive.”


US announces $6 billion in security aid for Ukraine

Updated 26 min 31 sec ago
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US announces $6 billion in security aid for Ukraine

  • The package is the second this week, following another valued at $1 billion
  • Ukraine’s President Volodymyr Zelensky said the US delay in approving new assistance has been costly for Kyiv

WASHINGTON: Defense Secretary Lloyd Austin on Friday announced the United States will provide key air defense munitions and artillery rounds to Ukraine as part of a $6 billion military aid package that is its largest ever for Kyiv.
The package is the second this week, following another valued at $1 billion that was announced just after US President Joe Biden signed a much-delayed bill to provide new funding for Ukraine as it struggles to hold back Russian advances.
“This is the largest security assistance package that we’ve committed to date,” Austin told journalists following the conclusion of a virtual meeting of dozens of Kyiv’s international supporters.
“They need air defense interceptors, they need artillery systems and munitions. They need... armored vehicles, they need maintenance and sustainment. So all of those kinds of things are included” in the package,” he said.
Ukraine has in recent months pleaded for more air defenses from its Western allies as it struggles to fend off a surge in deadly attacks on civilian infrastructure, and the new package includes interceptors for both Patriot and NASAMS air defense systems.
But unlike the $1 billion package announced Wednesday, which featured items that will be drawn from US stocks, the latest assistance will be procured from the defense industry, meaning it will take longer to arrive on the battlefield.
Speaking at the opening of the virtual meeting, Ukraine’s President Volodymyr Zelensky said the US delay in approving new assistance has been costly for Kyiv.
“While we were waiting for a decision on the American support, the Russian army managed to seize the initiative on the battlefield,” Zelensky said.

“We can still now not only stabilize the front, but also move forward, achieving our Ukrainian goals in the war,” he said, while noting that “Ukrainian defenders need your sufficient and timely support.”
A senior US defense official said this week that “Ukrainian forces have been rationing their ammunition for quite some time, rationing their capabilities.”
Aid from the United States and other countries “will enable the Ukrainians to begin to retake the initiative,” but “this will not be a rapid process,” the official said on condition of anonymity.
“The Ukrainians will need to rebuild quite a bit to take on board all of these new supplies... and ensure that they can defend their positions. So I would not forecast any large-scale offensive in the near-term,” the official added.
The United States has been a key military backer of Ukraine, committing tens of billions of dollars in security assistance since Russia launched its full-scale invasion in February 2022.
But prior to this week, Washington had announced new aid for Ukraine on just one other occasion this year, a $300 million package in March that was only made possible by using money that the Pentagon had saved on other purchases.
A squabbling Congress had not approved large-scale funding for Kyiv for nearly a year and a half, but eventually took action starting last week after months of acrimonious debate among lawmakers over how or even whether to help Ukraine defend itself.
The US House of Representatives on April 20 approved legislation authorizing $95 billion in aid funding, including $61 billion for Ukraine, while the Senate passed the measure on Tuesday and Biden signed it into law the following day.
 


It’s 30 years since apartheid ended. South Africa’s celebrations are set against growing discontent

Updated 28 April 2024
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It’s 30 years since apartheid ended. South Africa’s celebrations are set against growing discontent

  • South Africa is still the most unequal country in the world in terms of wealth distribution, according to the World Bank, with race a key factor
  • While the damage of apartheid remains difficult to undo, the ANC is increasingly being blamed for South Africa’s current problems

PRETORIA: South Africa marked 30 years since the end of apartheid and the birth of its democracy with a ceremony in the capital Saturday that included a 21-gun salute and the waving of the nation’s multicolored flag.
But any sense of celebration on the momentous anniversary was set against a growing discontent with the current government.
President Cyril Ramaphosa presided over the gathering in a huge white tent in the gardens of the government buildings in Pretoria as head of state.

He also spoke as the leader of the African National Congress party, which was widely credited with liberating South Africa’s Black majority from the racist system of oppression that made the country a pariah for nearly a half-century.
The ANC has been in power ever since the first democratic, all-race election of April 27, 1994, the vote that officially ended apartheid.
But this Freedom Day holiday marking that day fell amid a poignant backdrop: Analysts and polls predict that the waning popularity of the party once led by Nelson Mandela is likely to see it lose its parliamentary majority for the first time as a new generation of South Africans make their voices heard in what might be the most important election since 1994 next month.

People queue to cast their votes in Soweto, South Africa, on April 27, 1994, in the country's first all-race elections. South Africans celebrate "Freedom Day" every April 27, when they remember their country's pivotal first democratic elections in 1994 that announced the official end of the racial segregation and oppression of apartheid. (AP Photo/File)

“Few days in the life of our nation can compare to that day, when freedom was born,” Ramaphosa said in a speech centered on the nostalgia of 1994, when Black people were allowed to vote for the first time, the once-banned ANC swept to power, and Mandela became the country’s first Black president. “South Africa changed forever. It signaled a new chapter in the history of our nation, a moment that resonated across Africa and across the world.”
“On that day, the dignity of all the people of South Africa was restored,” Ramaphosa said.
The president, who stood in front of a banner emblazoned with the word “Freedom,” also recognized the major problems South Africa still has three decades later with vast poverty and inequality, issues that will be central yet again when millions vote on May 29. Ramaphosa conceded there had been “setbacks.”
The 1994 election changed South Africa from a country where Black and other nonwhite people were denied most basic freedoms, not just the right to vote. Laws controlled where they lived, where they were allowed to go on any given day, and what jobs they could have. After apartheid fell, a constitution was adopted guaranteeing the rights of all South Africans no matter their race, religion, gender or sexuality.
But that hasn’t significantly improved the lives of millions, with South Africa’s Black majority that make up more than 80 percent of the population of 62 million still overwhelmingly affected by severe poverty.
The official unemployment rate is 32 percent, the highest in the world, and more than 60 percent for young people between the ages of 15 and 24. More than 16 million South Africans — 25 percent of the country — rely on monthly welfare grants for survival.

A crowd of people sing and give peace signs during a lunchtime peace march in downtown Johannesburg, South Africa, on Jan. 27, 1994 ahead of the country's all race elections. South Africans celebrate "Freedom Day" every April 27, when they remember their country's pivotal first democratic elections in 1994 that announced the official end of the racial segregation and oppression of apartheid. (AP Photo/File)

South Africa is still the most unequal country in the world in terms of wealth distribution, according to the World Bank, with race a key factor.
While the damage of apartheid remains difficult to undo, the ANC is increasingly being blamed for South Africa’s current problems.
In the week leading up to the anniversary, countless South Africans were asked what 30 years of freedom from apartheid meant to them. The dominant response was that while 1994 was a landmark moment, it’s now overshadowed by the joblessness, violent crime, corruption and near-collapse of basic services like electricity and water that plagues South Africa in 2024.
It’s also poignant that many South Africans who never experienced apartheid and are referred to as “Born Frees” are now old enough to vote.
Outside the tent where Ramaphosa spoke in front of mostly dignitaries and politicians, a group of young Black South Africans born after 1994 and who support a new political party called Rise Mzansi wore T-shirts with the words “2024 is our 1994” on them. Their message was that they were looking beyond the ANC and for another change for their future in next month’s election.
“They don’t know what happened before 1994. They don’t know,” said Seth Mazibuko, an older supporter of Rise Mzansi and a well-known anti-apartheid activist in the 1970s.
“Let us agree that we messed up,” Mazibuko said of the last 30 years, which have left the youngsters standing behind him directly impacted by the second-worst youth unemployment rate in the world behind Djibouti.
He added: “There’s a new chance in elections next month.”
 


A strong magnitude 6.1 earthquake shakes Indonesia’s Java Island, felt in Jakarta

Updated 7 sec ago
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A strong magnitude 6.1 earthquake shakes Indonesia’s Java Island, felt in Jakarta

  • Indonesia, a seismically active archipelago of 270 million people, is prone to seismic upheaval because of its location on major geological faults known as the Pacific “Ring of Fire”

JAKARTA, Indonesia: A strong magnitude 6.1 earthquake shook the southern part of Indonesia’s main island of Java on Saturday, but there were no immediate reports of injury or significant property damage.
The US Geological Survey said the quake struck 102 kilometers (63 miles) south of Banjar city at a depth of 68.3 kilometers (42.4 miles). There was no tsunami warning.
High-rises in the capital Jakarta swayed for around a minute and two-story homes shook strongly in the West Java provincial capital of Bandung and in Jakarta’s satellite cities of Depok, Tangerang, Bogor and Bekasi. The quake was also felt in other cities in West Java, Yogyakarta and East Java province, according to Indonesia’s Meteorology, Climatology and Geophysical Agency.
The agency warned of possible aftershocks.
Earthquakes are frequent across the sprawling archipelago nation, but they are rarely felt in Jakarta.
Indonesia, a seismically active archipelago of 270 million people, is prone to seismic upheaval because of its location on major geological faults known as the Pacific “Ring of Fire.”
A magnitude 5.6 earthquake in 2022 killed at least 602 people in West Java’s Cianjur city. It was the deadliest in Indonesia since a 2018 quake and tsunami in Sulawesi killed more than 4,300 people.
In 2004, an extremely powerful Indian Ocean quake set off a tsunami that killed more than 230,000 people in a dozen countries, most of them in Indonesia’s Aceh province.

 


US intel suggests Putin may not have ordered Navalny death in prison: WSJ

Updated 28 April 2024
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US intel suggests Putin may not have ordered Navalny death in prison: WSJ

  • The Russian prison service said that Navalny collapsed on February 16 after a walk at the isolated camp

WASHINGTON: US intelligence agencies believe that while the Russian president was ultimately responsible for the death of opposition leader Alexei Navalny, he didn’t order it to take place when it did, the Wall Street Journal reported Saturday.
The finding, which the Journal said was based on both classified intelligence and an analysis of public facts, raises new questions about Navalny’s death in a remote Arctic prison camp, which led to a new round of sanctions against President Vladimir Putin’s Russia.
Among those facts was the timing of the opposition leader’s death in mid-February, which overshadowed Putin’s reelection a month later.
While the new finding does not question Putin’s responsibility for Navalny’s death, the CIA and other US intelligence agencies believe he probably didn’t order it “at that moment,” the Journal said, quoting people familiar with the matter.
It said that some European officials, briefed on the US finding, were skeptical that the 47-year-old dissident could have been targeted without Putin’s prior knowledge, given the tight controls in today’s Russia.
President Joe Biden and several other world leaders have publicly expressed little doubt about the matter. “Make no mistake. Putin is responsible for Navalny’s death,” Biden said after the stunning news of the death emerged.
The Russian prison service said that Navalny collapsed on February 16 after a walk at the isolated camp. It said attempts to revive him failed.
Navalny had seemed relatively healthy and in good spirits when seen in a video just a day earlier.
A week before that, he reportedly had been the subject of high-level talks over a potential prisoner swap that could have freed him.
Navalny had been serving a 19-year prison sentence on charges he and his backers insist were fabricated.
He had earlier survived a poisoning that US and other investigators blamed on the Kremlin. Russian officials have denied culpability in the poisoning or in his death.
A number of prominent Kremlin opponents have died, been jailed and or forced into exile in recent years.
Reached by AFP, the National Security Council declined to comment on the report.
 

 


Some US officials say in internal memo Israel may be violating international law in Gaza

Updated 28 April 2024
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Some US officials say in internal memo Israel may be violating international law in Gaza

  • The submissions to the memo provide the most extensive picture to date of the divisions inside the State Department over whether Israel might be violating international humanitarian law in Gaza

WASHINGTON: Some senior US officials have advised Secretary of State Antony Blinken that they do not find “credible or reliable” Israel’s assurances that it is using US-supplied weapons in accordance with international humanitarian law, according to an internal State Department memo reviewed by Reuters.
Other officials upheld support for Israel’s representation.
Under a National Security Memorandum (NSM) issued by President Joe Biden in February, Blinken must report to Congress by May 8 whether he finds credible Israel’s assurances that its use of US weapons does not violate US or international law.
By March 24, at least seven State Department bureaus had sent in their contributions to an initial “options memo” to Blinken. Parts of the memo, which has not been previously reported, were classified.
The submissions to the memo provide the most extensive picture to date of the divisions inside the State Department over whether Israel might be violating international humanitarian law in Gaza.
“Some components in the department favored accepting Israel’s assurances, some favored rejecting them and some took no position,” a US official said.
A joint submission from four bureaus — Democracy Human Rights & Labor; Population, Refugees and Migration; Global Criminal Justice and International Organization Affairs – raised “serious concern over non-compliance” with international humanitarian law during Israel’s prosecution of the Gaza war.
The assessment from the four bureaus said Israel’s assurances were “neither credible nor reliable.” It cited eight examples of Israeli military actions that the officials said raise “serious questions” about potential violations of international humanitarian law.
These included repeatedly striking protected sites and civilian infrastructure; “unconscionably high levels of civilian harm to military advantage“; taking little action to investigate violations or to hold to account those responsible for significant civilian harm and “killing humanitarian workers and journalists at an unprecedented rate.”
The assessment from the four bureaus also cited 11 instances of Israeli military actions the officials said “arbitrarily restrict humanitarian aid,” including rejecting entire trucks of aid due to a single “dual-use” item, “artificial” limitations on inspections as well as repeated attacks on humanitarian sites that should not be hit.
Another submission to the memo reviewed by Reuters, from the bureau of Political and Military Affairs, which deals with US military assistance and arms transfers, warned Blinken that suspending US weapons would limit Israel’s ability to meet potential threats outside its airspace and require Washington to re-evaluate “all ongoing and future sales to other countries in the region.”
Any suspension of US arms sales would invite “provocations” by Iran and aligned militias, the bureau said in its submission, illustrating the push-and-pull inside the department as it prepares to report to Congress.
The submission did not directly address Israel’s assurances.
Inputs to the memo from the Office of the Special Envoy to Monitor and Combat Antisemitism and US ambassador to Israel Jack Lew said they assessed Israel’s assurances as credible and reliable, a second US official told Reuters.
The State Department’s legal bureau, known as the Office of the Legal Adviser, “did not take a substantive position” on the credibility of Israel’s assurances, a source familiar with the matter said.
State Department spokesperson Matthew Miller said the agency doesn’t comment on leaked documents.
“On complex issues, the Secretary often hears a diverse range of views from within the Department, and he takes all of those views into consideration,” Miller said.

MAY 8 REPORT TO CONGRESS
When asked about the memo, an Israeli official said: “Israel is fully committed to its commitments and their implementation, among them the assurances given to the US government.”
The White House did not respond to a request for comment.
Biden administration officials repeatedly have said they have not found Israel in violation of international law.
Blinken has seen all of the bureau assessments about Israel’s pledges, the second US official said.
Matthew Miller on March 25 said the department received the pledges. However, the State Department is not expected to render its complete assessment of credibility until the May 8 report to Congress.
Further deliberations between the department’s bureaus are underway ahead of the report’s deadline, the US official said.
USAID also provided input to the memo. “The killing of nearly 32,000 people, of which the GOI (Government of Israel) itself assesses roughly two-thirds are civilian, may well amount to a violation of the international humanitarian law requirement,” USAID officials wrote in the submission.
USAID does not comment on leaked documents, a USAID spokesperson said.
The warnings about Israel’s possible breaches of international humanitarian law made by some senior State Department officials come as Israel is vowing to launch a military offensive into Rafah, the southern-most pocket of the Gaza Strip that is home to over a million people displaced by the war, despite repeated warnings from Washington not to do so.
Israel’s military conduct has come under increasing scrutiny as its forces have killed 34,000 Palestinians in Gaza, according to the enclave’s health authorities, most of them women and children.
Israel’s assault was launched in response to the Hamas attack on Israel on Oct. 7, in which Israel says 1,200 people were killed and 250 others taken hostage.
The National Security Memorandum was issued in early February after Democratic lawmakers began questioning whether Israel was abiding by international law.
The memorandum imposed no new legal requirements but asked the State Department to demand written assurances from countries receiving US-funded weapons that they are not violating international humanitarian law or blocking US humanitarian assistance.
It also required the administration to submit an annual report to Congress to assess whether countries are adhering to international law and not impeding the flow of humanitarian aid.
If Israel’s assurances are called into question, Biden would have the option to “remediate” the situation through actions ranging from seeking fresh assurances to suspending further US weapons transfers, according to the memorandum.
Biden can suspend or put conditions on US weapons transfers at any time.
He has so far resisted calls from rights groups, left-leaning Democrats and Arab American groups to do so.
But earlier this month he threatened for the first time to put conditions on the transfer of US weapons to Israel, if it does not take concrete steps to improve the dire humanitarian situation in Gaza.