News
US and China Reach Trade Accord Deal After Geneva Talks
By Kayode Sanni-Arewa
The United States and China have reached a new trade agreement following two days of intense negotiations in Geneva, according to a White House statement released on Sunday.
US Treasury Secretary Scott Bessent described the discussions as “productive” and said full details of the deal would be announced on Monday.
We made substantial progress between the United States and China in these important trade talks,” Bessent said.
US Trade Representative Jamieson Greer emphasized the speed at which both sides reached consensus, hinting that the gap between their positions may have been narrower than expected.
“There was a lot of groundwork done beforehand,” Greer noted. “But let’s not forget the urgency — the US faces a $1.2 trillion trade deficit. That’s why the President imposed tariffs and declared a national emergency. This deal is a key step toward resolving that.”
The breakthrough comes amid ongoing trade tensions that had created new opportunities for Indian exporters, with US importers turning to India after Washington imposed steep 145% tariffs on Chinese goods. However, the new US-China agreement could see China regain some of its lost market share, potentially undermining India’s recent gains.
Indian exporters have reported that Chinese firms, eager to retain their US clients, have even approached them for assistance in fulfilling orders. If the new deal includes tariff reductions, India’s advantage could erode significantly.
Despite a 20% drop in China’s exports to the US in April, China’s overall exports climbed 8.1% year-on-year, buoyed by strong trade with ASEAN and other regions, according to China’s Ministry of Commerce.
Earlier, White House economic adviser Kevin Hassett said China was “very, very eager” to strike a deal and rebalance trade relations. He also hinted that the US could announce additional trade agreements with other nations soon.
Former President Trump, commenting on the outcome, called the negotiations “a total reset” carried out in a “friendly, but constructive” manner.
“Great progress made!” he wrote on Truth Social. “We want China to open up to American business — for the good of both countries.”
The Nigerian National Petroleum Company Limited has increased the premium motor spirit price after Dangote Refinery raised its gantry price.
A market survey by DAILY POST on Thursday showed NNPCL outlets in Abuja and its environs have adjusted their petrol pump price to N1,364 per liter from N1,295. This means that the state-owned oil firm hiked petrol by N69 per liter.
The latest fuel prices have been implemented at Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Zone 4 NNPCL filling stations in Abuja.
“We adjusted our pump price to N1364 per liter from N1295 this morning, an attendant said.
Filling stations in Abuja, such as MRS, BOVAS, and others, have raised their petrol price to between N1365 and N1370 per liter.
Recall that Dangote Refinery had on Wednesday increased its fuel gantry price by N75 to N1,275 per liter from N1,200 due to a hike in crude oil price to above $115 per liter.
Troops of the Nigerian Army have successfully foiled a late-night attack by suspected ISWAP/JAS terrorists in Biu Local Government Area of Borno State.
The development was contained in a post shared on Thursday on X by security analyst , Zagazola Makama.
According to the post, the incident happened at about 11:40 p.m. on April 27 when troops of the 162 Amphibious Battalion detected movement of suspected insurgents approaching their position at Mandaraguirau.
Accordibg to Makama who quoted security sources, the attackers were travelling on about 30 motorcycles and were advancing through the Diwa Kamda and Diwa Mbula axis before they were spotted through surveillance systems.
The troops were said to have immediately engaged the group with firepower, forcing them to retreat without reaching their target or making contact.
The attackers reportedly fled after coming under heavy resistance from the soldiers.
The sources added that the quick response by the troops prevented what could have been a coordinated attack on the area.
The National Chairman of the African Democratic Congress (ADC), David Mark, has assured party members that the party will participate fully in the 2027 general elections, dismissing concerns over ongoing legal challenges.
Speaking Wednesday night after receiving a briefing from the party’s legal team on a recent judgment by the Federal High Court in Abuja, Mark expressed confidence that the party would overcome all litigations.
“You do not have anything to be afraid of regarding all the litigations before the party,” he said.
“I want to assure you that we shall triumph in all the cases, and we shall be on the ballot for every election.”
He added that the party was fully prepared to pursue all legal options. “We are more than ready for these cases and will do everything within the ambit of the law to surmount every situation,” Mark stated, pledging to personally lead the party through the legal process.
The ADC’s legal team has already initiated an appeal against the judgment and filed for a stay of execution, signaling the party’s determination to challenge the ruling.
Mark’s reassurance came as the party intensifies preparations for the 2027 elections, a period seen as critical for consolidating its political footing.
Party officials say the development is expected to boost confidence among members and supporters while reinforcing the ADC’s resolve to remain a key contender.
Earlier, the legal team briefed Mark and other party leaders on the implications of the court decision and outlined strategies for the cases ahead.
BREAKING: NNPCL jerks up fuel price
Troops halt late-night terrorist attack in Borno
No cause for alarm, ADC will be on ballot – David Mark assures
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