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On April 26, according to the Wall Street Journal, in order to simplify the negotiations on reciprocal tariffs, US negotiating officials plan to use a new framework developed by the Office of the United States Trade Representative (USTR), which lists major categories of negotiations, such as tariffs and quotas, non-tariff trade barriers, digital trade, product origin principles, economic security and other commercial issues. In these categories, US officials will put forward specific requirements for individual countries, but people familiar with the matter emphasized that this document may also be adjusted at any time. People familiar with the matter said that the United States initial plan is to negotiate with 18 major trading partners in turn over the next two months. The initial plan is to alternately participate in the talks with six countries per week for three weeks (six countries in the first week, another six countries in the second week, and another six countries in the third week) until the deadline of July 8. If US President Trump does not extend the 90-day suspension period he set by then, those countries that cannot reach an agreement will begin to face reciprocal tariffs.On April 26, after the United States announced additional tariffs on goods from many countries, Peruvian business people expressed concerns that the US governments extreme measures would disrupt the global trade order and may even trigger a global economic recession. Alvaro Barrenechea Chavez, vice president of the Peruvian-Chinese Chamber of Commerce, said that the negative impact of the US tariff policy has begun to emerge and hoped that the US government would rethink. Recognizing the importance of countries working together to promote development, I think this is the best way to become a true "world citizen."Market news: Musks xAI company plans to raise about US$20 billion in a financing round.Conflict situation: 1. Ukrainian top commander: Russia tried to use air strikes as a cover to increase ground attacks, but was repelled by Ukraine. 2. Ukrainian Air Force: Russia launched more than 103 drones in the night attack on Ukraine. 3. Local officials said Ukraine launched an attack in the Belgorod region of Russia, killing two people. 4. The local governor said that Russia launched an attack on the Dnipropetrovsk region of Ukraine, killing one person and injuring eight people. Peace talks: 1. Trump: ① The situation between Russia and Ukraine is gradually becoming clear, and they are "very close" to reaching an agreement. ② Ukraine is unlikely to join NATO. ③ Ukraine has not yet signed the rare earth agreement and hopes that the agreement can be signed immediately. ④ It is foreseeable that the United States will conduct commercial cooperation with Ukraine and Russia after reaching an agreement. 2. Russian Foreign Minister: Russia is "ready to reach an agreement on Ukraine." 3. Russian Presidential Assistant Ushakov: Russia and the United States will continue to maintain active dialogue. 4. Russian Presidential Assistant: Putin discussed the possibility of resuming direct negotiations between Russia and Ukraine with the US envoy. 5. The differences between the United States, Europe and Ukraine are clear. The documents show that European countries and Ukraine have raised objections to some of the US proposals to end the Russia-Ukraine conflict. 6. Market news: As part of the peace agreement, the United States asked Russian President Putin to abandon the demilitarization requirement. Other situations: 1. President of Hungarys OTP Bank: We hope to return to all business areas in Russia after the (Russia-Ukraine) conflict ends. 2. Ukrainian President Zelensky: US ground forces are not necessary for Ukraine. 3. Trump said Crimea will remain in Russia, Zelensky: Never recognize it. Agreeing with Trumps view, Crimea cannot be recovered by force. 4. NATO Secretary-General Rutte met with Trump and senior US officials to discuss defense spending, NATO summit, and the Ukrainian conflict.Rising global trade risks, overall policy uncertainty and the sustainability of U.S. debt top the list of potential risks to the U.S. financial system, according to the Federal Reserves latest financial stability report released on Friday. This is the first time the Fed has conducted a semi-annual survey on financial risks since Trump returned to the White House. 73% of respondents said that global trade risks are their biggest concern, more than double the proportion reported in November. Half of the respondents believe that overall policy uncertainty is the most worrying issue, an increase from the same period last year. The survey also found that issues related to recent market turmoil have received more attention, with 27% of respondents worried about the functioning of the U.S. Treasury market, up from 17% last fall. Foreign withdrawals from U.S. assets and the value of the dollar have also risen on the list of concerns.

U.S. Charges Two Europeans Over North Korea Crypto Conspiracy Involving an American

Cameron Murphy

Apr 26, 2022 09:44


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Two Europeans were indicted by the US Department of Justice on Monday for allegedly plotting with a recently convicted American cryptocurrency researcher to assist North Korea circumvent US sanctions.


Alejandro Cao de Benos of Spain, who created a pro-North Korean affinity group, and Christopher Emms of the United Kingdom, a cryptocurrency merchant, were accused of unlawfully employing North Korean researcher Virgil Griffith to give cryptocurrency and blockchain technology services.


Both defendants are still on the loose. Lawyers for both parties could not be found right away.


Cao de Benos and Emms allegedly planned for Griffith, who has a degree from the California Institute of Technology, to fly to Pyongyang, North Korea, through China in April 2019 to attend the Pyongyang Blockchain and Cryptocurrency Conference, according to prosecutors.


Emms and Griffith reportedly instructed officials of North Korea's leadership and other conference participants how to avoid sanctions and launder money using cutting-edge blockchain and cryptocurrency technologies.


According to U.S. Attorney Damian Williams in Manhattan, the directive was given "all for the purpose of violating U.S. sanctions aimed to impede North Korea's hostile nuclear goals" and defend American security interests.


Cao de Benos formed the Korean Friendship Association, which aims to "present the truth" of North Korea and aid in the peaceful unification of the Korean peninsula, according to its website.


Cao de Benos reportedly chastised Griffith in two emails in June 2019 after finding that Griffith had discussed his trip with the US embassy, according to the accusation.


"You might be fined or even imprisoned!" As a result, we never told anybody or made the [attendees] public," Cao de Benos wrote. "Please realize that your authorization to enter the DPRK was unusual, and it was granted on the basis of my personal assurance (since I trust Chris, and he trusts you)."


If convicted, Cao de Benos, 47, and Emms, 30, each face up to 20 years in jail.


Griffith pleaded guilty to a conspiracy charge and was sentenced to 5-1/4 years in prison on April 12.