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China has sent warships and fighter planes close to Taiwan during a visit by US treasury secretary Janet Yellen to Beijing aimed at easing strained relations. 

Taiwan’s defence ministry said it was monitoring the situation, which involved 13 aircraft and six vessels, and land-based missile systems were ready to respond.

Four of the planes, including two SU-30 jet fighters, crossed the median line in the Taiwan Strait, which serves as a de-facto border between the sides.

China claims Taiwan as its own territory, to be reclaimed by force if necessary, and sends air and naval missions on a regular basis.

US support for the self-governing island republic, which split from mainland China during a civil war in 1949, remains a major stumbling block to ties with Beijing.

Shortly before Ms Yellen’s arrival, Chinese President Xi Jinping visited the eastern headquarters of the People’s Liberation Army.

Its area of operations directly faces the island across the Taiwan Strait.

More on China

Xi calls for ‘enhanced war planning’

Addressing commanders at the Jiangsu province headquarters on Thursday, Mr Xi “stressed efforts to … break new ground for theatre command development and war preparedness,” state media reported.

He called for “enhancing the planning of war and combat… and stepping up training under real combat conditions to raise the forces’ capabilities to fight and win,” the reports said.

Beijing also strongly objects to US military support for Taiwan, and recently criticised an upcoming $440m (£343m) sale of cannon shells and other equipment, accusing Washington of turning Taiwan into a powder keg.

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How could a China-Taiwan war hurt the economy?

US stresses potential for China ties

Ms Yellen is not expected to meet with Mr Xi during her visit.

During talks with top officials, she has said the world’s two biggest economies must compete fairly and
communicate closely to avoid misunderstandings.

She told vice premier He Lifeng that a record for two-way trade set last year despite recent tensions showed there is “ample room for our firms to engage in trade and investment”.

Ms Yellen said: “Amid a complicated global economic outlook, there is a pressing need for the two largest economies to closely communicate and exchange views on our responses to various challenges.”

Doing so could “help both sides more fully understand the global economic outlook and make better decisions to strengthen our economies”, she said.

Treasury Secretary Janet Yellen met with Chinese vice premier He Lifeng. Pic: AP
Image:
Treasury Secretary Janet Yellen met with Chinese vice premier He Lifeng. Pic: AP

Ms Yellen restated that Washington is not seeking a winner-takes-all approach or economic advantage in its relations with China, but wanted to ensure a healthy competition with a “fair set of rules” that would benefit both countries.

She urged China not to allow any disagreements to “lead to misunderstandings, particularly those stemming from a lack of communication, which can unnecessarily worsen our bilateral economic and financial relationship”.

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World

A conversation with historian Sir Niall Ferguson on Trump, tariffs and China

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A conversation with historian Sir Niall Ferguson on Trump, tariffs and China

👉Listen to The World with Richard Engel and Yalda Hakim on your podcast app👈

Richard and Yalda are joined by one of the world’s most eminent historians and political commentators to discuss culture wars, trade wars, and the possibility of World War Three over Taiwan.

Sir Niall says the US may be in the stage of “buyer’s remorse” with the Trump presidency, and predicts that by this time next year, he could be “deeply underwater” in the polls.

To get in touch or to share questions for Richard and Yalda, email theworld@sky.uk

Click here to visit their YouTube channel where you can watch all the episodes.

Click here to fill in our listener survey!

Episodes of The World With Richard Engel And Yalda Hakim will be available every Wednesday on all podcast platforms.

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World

In the idyllic Cognac region of southern France, Trump’s tariffs threaten a centuries-old way of life

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In the idyllic Cognac region of southern France, Trump's tariffs threaten a centuries-old way of life

The impact of Trump’s tariffs is reaching deep into every economy.

We travelled into the French rural heartland, heading for Cognac – the home of French brandy.

It is only half the size of Surrey but its exports to America are worth €1bn a year and that trade is now severely threatened.

The first buds are out on the vines of Amy Pasquet’s vineyard.

An American, she has married into the industry and with her French husband owns JLP Cognac.

She knows more than most the bond brandy has formed between their two countries that goes back to the war.

Tariffs latest: Follow live updates

More from World

Ms Pasquet said: “A lot of the African-American soldiers had really loved their experience here and had brought back the cognac. And I think that stayed because this African-American community truly is a community and they want to drink like their grandfather did.”

The ties remain with rappers like Jay Z’s love for cognac.

However, Ms Pasquet adds: “There’s also this other community of people who have been drinking bourbon for a long time, love bourbon, but find the prices just outrageous today. So they want to try something different.”

Amy Pasquet owns JLP Cognac with her husband
Image:
Amy Pasquet owns JLP Cognac with her husband

JLP’s products were served at New York’s prestigious Met Gala.

They were preparing to launch new product lines in the US. But now that’s in doubt.

It is hard being an American in France now, Ms Pasquet says.

Her French neighbours are appalled by what US President Donald Trump is doing.

She continues: “They’re like, okay, America’s forgotten how close France and America are as far as (their) relationship is concerned. And I think that’s hurtful on both sides. I think it’s important to remember that the US is many things, and not just this one person, and there are millions of inhabitants that didn’t vote for him.”

aaa

A fresh challenge for a centuries-old tradition

Making cognac takes years, using techniques that go back centuries. In another vineyard we met Pierre Louis Giboin whose family have been doing it for more than 200 years.

In a cellar dating back to the French Revolution, barrels of oak sit under thick cobwebs, ageing the brandy.

The walls are lined with a unique black mould that thrives off the vapours of cognac.

They have seen threats come and go over those centuries, wars, weather, pestilence. But never from a country they regard as one of their oldest allies and best of customers.

Read more:
What China could do next as Trump’s tariff war
How tariffs will affect your money

Could Trump’s tariffs tip the world into recession?

Pierre Louis Giboin's family has been making cognac for centuries
Image:
Pierre Louis Giboin’s cellar dates back to the French revolution

Mr Trump’s tariffs, says Mr Giboin, now threaten a way of life.

“It’s at the end of like very good times in the Cognac region. It’s been like 10 years when everything’s been perfect, we have good harvest, we sell really easily all the stock, but now I mean it’s the end.”

Ms Pasquet and Mr Giboin are unusual.

Most cognac makers sell their produce through the drink’s four big houses, Hennessy, Remy Martin, Martell and Courvoisier.

Some have been told the amounts they can sell have been drastically reduced.

Independents though like them must find new markets if the tariff threat persists.

Confusion away from the chaos

Outside in the dappled light of a Cognac evening Mr Giboin and I toast glasses of pineau – the diluted form of cognac drunk as an aperitif.

In this idyllic corner of France, a world away from Washington, Mr Trump’s trade war on Europe simply makes no sense.

“He’s like angry against the whole world and the way he talks like that Europe the EU was made against the US to cheat on the US. It’s just crazy to think like this,” Mr Giboin says.

It’s not just what Mr Trump’s done. It’s how Europe now strikes back that concerns the French. And it’s not just in Cognac where they’re concerned

France exports more than €2bn worth of wine to America.

In the heart of the Bordeaux wine region, Sylvie Courselle’s family have been making wine since the 1940s at their Chateau Thieuley vineyard.

It’s bottling season but they can’t prepare the wine headed for America while everything is up in the air.

Showing me the unused reels of US labels for her wine she told me she was losing sleep over the uncertainty.

Later she was meeting with her American distributors.

Gerry Keogh sells Ms Courselle’s wine across the US.

He says the entire industry is reeling

Sylvie Courselle with distributers
Image:
Sylvie Courselle with distributers

The Chateau Thieuley vineyard in the Bordeaux wine region
Image:
The Chateau Thieuley vineyard in the Bordeaux wine region

“I think it’s like anything. You don’t really believe it’s happening. And even when you’re in the midst of it, it was kind of like 9/11.

“You’re like… This is actually happening. It’s unbelievable. And when you start seeing the repercussions from the stock market, et cetera, and how it’s impacting every level, it’s quite shocking.”

They know the crisis is far from over and could now escalate.

“We feel stuck in the middle of this commercial war and we don’t have the weapons to fight, I think,” Ms Courselle said.

It is, she says, very stressful.

Jerry Keogh
Image:
Gerry Keogh

aaaaa

The histories of America and France have been intertwined for centuries through revolutions against tyranny and two wars fighting for liberty.

America used to call France its oldest ally, but under Donald Trump its now seen here as turning on France and the rest of Europe in a reckless and unjustified trade war.

It is all doing enormous harm to relations between the US and its European allies.

How Europe now decides to retaliate will help determine the extent of that damage.

Continue Reading

World

In the idyllic Cognac region of southern France, Trump’s tariffs threaten a centuries-old way of life

Published

on

By

In the idyllic Cognac region of southern France, Trump's tariffs threaten a centuries-old way of life

The impact of Trump’s tariffs is reaching deep into every economy.

We travelled into the French rural heartland, heading for Cognac – the home of French brandy.

It is only half the size of Surrey but its exports to America are worth €1bn a year and that trade is now severely threatened.

The first buds are out on the vines of Amy Pasquet’s vineyard.

An American, she has married into the industry and with her French husband owns JLP Cognac.

She knows more than most the bond brandy has formed between their two countries that goes back to the war.

Tariffs latest: Follow live updates

More from World

Ms Pasquet said: “A lot of the African-American soldiers had really loved their experience here and had brought back the cognac. And I think that stayed because this African-American community truly is a community. and they want to drink like their grandfather did.”

The ties remain with rappers like Jay Z’s love for cognac.

However, Ms Pasquet adds: “There’s also this other community of people who have been drinking bourbon for a long time, love bourbon, but find the prices just outrageous today. So they want to try something different.”

Amy Pasquet owns JLP Cognac with her husband
Image:
Amy Pasquet owns JLP Cognac with her husband

JLP’s products were served at New York’s prestigious Met Gala.

They were preparing to launch new product lines in the US. But now that’s in doubt.

It is hard being an American in France now, Ms Pasquet says.

Her French neighbours are appalled by what US President Donald Trump is doing.

She continues: “They’re like, okay, America’s forgotten how close France and America are as far as (their) relationship is concerned. And I think that’s hurtful on both sides. I think it’s important to remember that the US is many things, and not just this one person, and there are millions of inhabitants that didn’t vote for him.”

aaa

A fresh challenge for a centuries-old tradition

Making cognac takes years, using techniques that go back centuries. In another vineyard we met Pierre Louis Giboin whose family have been doing it for more than 200 years.

In a cellar dating back to the French Revolution, barrels of oak sit under thick cobwebs, ageing the brandy.

The walls are lined with a unique black mould that thrives off the vapours of cognac.

They have seen threats come and go over those centuries, wars, weather, pestilence. But never from a country they regard as one of their oldest allies and best of customers.

Read more:
What China could do next as Trump’s tariff war
How tariffs will affect your money

Could Trump’s tariffs tip the world into recession?

Pierre Louis Giboin's family has been making cognac for centuries
Image:
Pierre Louis Giboin’s cellar dates back to the French revolution

Mr Trump’s tariffs, says Mr Giboin, now threaten a way of life.

“It’s at the end of like very good times in the Cognac region. It’s been like 10 years when everything’s been perfect, we have good harvest, we sell really easily all the stock, but now I mean it’s the end.”

Ms Pasquet and Mr Giboin are unusual.

Most cognac makers sell their produce through the drink’s four big houses, Hennessy, Remy Martin, Martell and Courvoisier.

Some have been told the amounts they can sell have been drastically reduced.

Independents though like them must find new markets if the tariff threat persists.

Confusion away from the chaos

Outside in the dappled light of a Cognac evening Mr Giboin and I toast glasses of pineau – the diluted form of cognac drunk as an aperitif.

In this idyllic corner of France, a world away from Washington, Mr Trump’s trade war on Europe simply makes no sense.

“He’s like angry against the whole world and the way he talks like that Europe the EU was made against the US to cheat on the US. It’s just crazy to think like this,” Mr Giboin says.

It’s not just what Mr Trump’s done. It’s how Europe now strikes back that concerns the French. And it’s not just in Cognac where they’re concerned

France exports more than €2bn worth of wine to America.

In the heart of the Bordeaux wine region, Sylvie Courselle’s family have been making wine since the 1940s at their Chateau Thieuley vineyard.

It’s bottling season but they can’t prepare the wine headed for America while everything is up in the air.

Showing me the unused reels of US labels for her wine she told me she was losing sleep over the uncertainty.

Later she was meeting with her American distributors.

Gerry Keogh sells Ms Courselle’s wine across the US.

He says the entire industry is reeling

Sylvie Courselle with distributers
Image:
Sylvie Courselle with distributers

The Chateau Thieuley vineyard in the Bordeaux wine region
Image:
The Chateau Thieuley vineyard in the Bordeaux wine region

“I think it’s like anything. You don’t really believe it’s happening. And even when you’re in the midst of it, it was kind of like 9/11.

“You’re like… This is actually happening. It’s unbelievable. And when you start seeing the repercussions from the stock market, et cetera, and how it’s impacting every level, it’s quite shocking.”

They know the crisis is far from over and could now escalate.

“We feel stuck in the middle of this commercial war and we don’t have the weapons to fight, I think,” Ms Courselle said.

It is, she says, very stressful.

Jerry Keogh
Image:
Gerry Keogh

aaaaa

The histories of America and France have been intertwined for centuries through revolutions against tyranny and two wars fighting for liberty.

America used to call France its oldest ally, but under Mr Trump it is now being as turned on, as France, along with the rest of Europe, finds itself in what many would argue is a reckless and unjustified trade war.

It is all doing enormous harm to relations between the US and its European allies.

How Europe now decides to retaliate will help determine the extent of that damage.

Continue Reading

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