CMG program "Classic Quotes by Xi Jinping" to air in Russia

The Russian version of the third season of "The Classic Quotes by Xi Jinping", a multilingual TV series produced by China Media Group (CMG), will be broadcast on major Russian media platforms from Tuesday when the 16th BRICS Summit is set to kick off in Russia's Kazan City.

Focusing on the themes of putting people first, reform and innovation, common prosperity, ecological protection, cultural inheritance, and civilization diversity, the program features quotes from Chinese literary classics used by President Xi in his speeches and articles, allowing audience to understand the connotation of Chinese traditional culture in the new era and its global value.

The program demonstrates Xi's outstanding political wisdom as well as his deep knowledge of history and culture.

Rossiyskaya Gazeta, the official gazette of the Russian government, Tuesday published an article about the program on its front page, saying it opens a window for Russian people to know more about Xi's thoughts on governance, the secrets of China's successful development, and Chinese people's efforts in striving for modernization.

Nearly 100 mainstream media outlets in Asia, Europe and around the world, including the Big Asia TV channel, the Radio Metro, the St. Petersburg Press, and the Business Kazakhstan, covered the TV program.

The program's poster has also been played on outdoor giant LED screens in Moscow's Central Administrative Okrug since Saturday, drawing the attention of many people.

People from all sectors of Russia have expressed high anticipation for the program, saying it will help them to know more about Chinese leader's political wisdom as well as China's long history and brilliant civilization.

BRICS is an acronym for Brazil, Russia, India, China and South Africa. The upcoming summit, scheduled from Tuesday to Thursday, is the first to be held after the BRICS expansion in January when Iran, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates were included into the bloc.

President Xi will attend the summit at the invitation of his Russian counterpart Vladimir Putin.

CMG program "Classic Quotes by Xi Jinping" to air in Russia

The U.S. decision to impose a 15 percent global tariff has cast more confusion and uncertainty for businesses and consumers, according to financial analysts.

U.S. Supreme Court ruled Friday morning in a 6-3 vote that U.S. President Donald Trump's tariff policy under the International Emergency Economic Powers Act was illegal.

Infuriated by the ruling, Trump signed an order imposing a 10 percent tariff on imports from all countries hours later. Then on Saturday he said that he will raise the new global tariff to 15 percent.

The White House said the new levy is being imposed to address "fundamental international payment problems," adding that it will stay in effect for 150 days under a section of the Trade Act of 1974.

Certain products will be exempt from that levy - including some critical minerals, beef and tomatoes. The Trump administration also said it's considering other legal avenues to impose duties.

While the Supreme Court deemed many of Trump's tariffs illegal, it did not specify a means to pursue refunds, instead leaving that issue to lower courts. That could mean protracted legal wrangling for years for U.S. importers and uncertainty over if and how consumers will see any benefit.

"I would caution consumers, business owners, from assuming that this is going to have an immediate benefit, that this is going to cause immediate lower prices. That isn't likely. What this really does is, again, cause a lot more uncertainty，" said Stephen Kates, senior financial analyst with Bankrate, a consumer financial services company based in New York City.

Trump tariffs cast more uncertainty for businesses, consumers: analyst