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The US commerce department has announced the new tariffs, targeting companies in Cambodia, Thailand, Malaysia and Vietnam, after an investigation begun a year ago when American manufacturers of solar panels accused Chinese companies of flooding the market with subsidised, cheap goods.

Products from Cambodia would face the highest tariffs, of 3,521%, because its companies did not cooperate with the US investigation, while products made in Malaysia by the Chinese manufacturer Jinko Solar face duties of just over 41%; rival Trina Solar’s products from Thailand will incur tariffs of 375%.

However, critics, including the Solar Energy Industries Association trade group, have said tariffs would harm US solar producers because they would raise prices on the imported cells that are assembled into panels at American factories.

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Nearly a year after Russian President Vladimir Putin called Afghanistan’s Taliban an “ally” in countering terrorism, Moscow lifted a two-decade-old ban on the group, aiming to bolster ties with Kabul to crush a joint enemy — the Islamic State.

The move was “no surprise,” given Putin has spoken of growing cooperation with the Taliban on terrorism, said John Herbst, senior director of the Atlantic Council’s Eurasia Center. Those comments were “specifically directed against ISIS,” which claimed responsibility for the bloody Crocus City Hall terrorist attack in March 2024, he said.

The decision will also “open the door for official recognition of the Taliban government,” which has remained a pariah since taking power in Afghanistan nearly four years ago, said Faizullah Jalal, an independent Afghan political analyst and human rights activist.

Normalizing relations could increase economic activity between the two countries. Russia’s Foreign Affairs Ministry said late last year it’s looking to hammer out projects in the energy and agriculture sectors with the Taliban, according to the Tass news agency, and by the end of last year Afghanistan had become the top buyer of Russian flour.

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Ukraine said on Thursday that it had failed to reach a deal with holders of $2.6bn of its debt, in a blow to its hopes of securing a restructuring ahead of a payment deadline next month.

The country’s finance ministry said it would “consider all available options” and continue negotiations after the failure of opening talks in Washington this week with holders of its so-called GDP warrants.

Last month the IMF said that “if left untreated” the warrants “constitute an important risk” for the stability of an ongoing $15.5bn bailout and Kyiv’s restructuring of more than $20bn in bonds last year.

“The GDP warrants were designed for a world that no longer exists,” said Ukraine’s finance ministry on Thursday. “Ukraine’s modest economic growth in 2023 was not a sign of surging prosperity but a fragile rebound from a nearly 30 per cent downturn caused by Russia’s full-scale invasion.”

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Beijing has called on the US to “completely cancel all unilateral tariff measures” if it wants trade talks, in some of China’s strongest comments yet on the impasse between the world’s two economic superpowers.

“The unilateral tariff measures were initiated by the US,” said He Yadong, a Chinese commerce ministry spokesperson. “If the US truly wants to solve the problem, it should . . . completely cancel all unilateral tariff measures against China and find a way to resolve differences through equal dialogue.”

Beijing has maintained that the US must make the first move to de-escalate the crisis, which is threatening to spark a hard decoupling between the two countries’ economies.

Chinese analysts argue that the US imposition of high tariffs make it difficult for Beijing to find a way to defuse the crisis.

China’s President Xi Jinping would find it difficult to engage personally with Trump on the trade war unless this was preceded by extensive negotiations to hammer out a deal, they say.

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China is preparing to lift sanctions on European lawmakers as it tries to revive an investment deal with the EU after losing most of its access to the US market in Donald Trump’s trade war.

A spokesperson for Roberta Metsola, president of the European parliament, confirmed the move, first reported by German daily Süddeutsche Zeitung.

Beijing took the measures against several MEPs in 2021 after the EU placed sanctions on some Chinese entities because of alleged human rights violations against the Uyghur Muslim minority in the northwestern region of Xinjiang.

The European parliament then refused to ratify an EU-China Comprehensive Agreement on Investment that would have deepened trade ties between the two.

“The president will first inform group leaders once the Chinese authorities officially confirm that sanctions have been lifted. It has always been the European parliament’s intention to have the sanctions lifted and resume relations with China.”

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