Trump vows tariff hike on Chinese goods, escalating tension in trade talks

13 Sept 11:12 Key points summarised by AI

President Trump declared he would hike U.S. tariffs on $200 billion worth of Chinese goods from 10% to 25% this week, with plans to target an additional $325 billion soon.
This aggressive move dramatically escalates trade tensions, reversing prior progress and causing global stock markets and oil prices to plummet.
China is reportedly considering canceling upcoming trade talks in Washington, surprised by Trump's announcement and adhering to a strategy of not negotiating under threat.
The decision stems from a less optimistic update from U.S. Trade Representative Robert Lighthizer, indicating China was withdrawing from some previous commitments.

Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama

Yesterday 15:38 Key points summarised by AI

Thai MP Suchada Zhang Thaensap faces intense scrutiny over her husband’s substantial 1.84 billion baht wealth, with opposition lawmakers alleging connections to international scam networks.
A significant portion of her husband, Taiyang Zhang's, declared assets includes a 1.44 billion baht loan to the now-bankrupt cryptocurrency hedge fund Three Arrows Capital, which still owes him 1.34 billion baht.
Opposition MP Rangsiman Rome accused Suchada's husband of links to online scam networks and gambling sites, prompting Suchada to vehemently deny the claims, demand evidence, and file a defamation complaint.
Taiyang Zhang's background includes co-founding Ren Protocol, later sold to Alameda Research (linked to the FTX collapse), and some of his former associates have been convicted in crypto company failures.
Suchada, a former actress and first-time MP, maintains her husband's innocence, while her party leaders have distanced themselves from the allegations, deeming it a private matter.