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The Latest Breaking News from China

Trump says tariff situation ‘is great’ for midterms as markets continue to tumble

President continues to claim — falsely — that tariffs are paid by foreign governments instead of by American importers who pass them on to consumers in the form of higher prices

The Independent UK

‘We will have to raise prices’: gloom and resolve in Yiwu, on China’s trade war frontline

At the world’s largest wholesale market, vendors have reduced their exposure to the US but fear the repercussions of a global economic shock

The Guardian - AU

US Will Not Let China Disrupt Panama Canal: Pentagon Chief

The United States will not allow China to jeopardize the operations of the Panama Canal, US Defense Secretary Pete Hegseth warned during a visit to the Central American nation on Tuesday.

International Business Times

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Republicans look for an exit ramp on tariffs

Some Republicans are proposing dueling legislation to rein in Donald Trump’s tariffs. But many still need to keep in mind the president’s appeal to their voters

The Independent UK

Spyware accessing phone audio and cameras for data ‘of use to China’, NCSC warns

The apps inside legitimate software in a technique known as trojanising, cyber experts warn.

The Independent UK

World bracing for market turmoil after US hits China with 104% tariffs in midnight ultimatum

China vows to ‘fight to the end’ in trade war, accusing Trump of ‘blackmail’ and ‘economic bullying’

The Independent UK

Grain Market Update: Volatility Reigns and a Skeptical View on Trade

Barchart's Darin Newsom analyzed the current volatile markets, highlighting uncertainty in grains with a focus on global demand and competition, a bullish livestock sector, a skeptical view of the US-China trade war, and concerns about potential economic downturn linked to consumer spending.

Barchart

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China Denounces Vance's 'Chinese Peasant' Comment: His 'Words Lack Knowledge and Respect'

China responded to the vice president's comment, which he made during a Fox News interview while defending the Trump administration's new tariff policy.

Latin Times

Stocks Tumble as US-China Trade War Set to Escalate

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -1.57%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.95%. June E-mini S&P futures (ESM25 ) are down -1.58%, and June E-mini Nasdaq futures...

Barchart

Dow Loses Hundreds of Points in Minutes as Trump Advisor Proclaims Tariffs Will 'Force China to Come to the Table'

The Dow Jones Industrial Average lost hundreds of points while Trump administration Homeland Security Advisor Stephen Miller was actively on air during a televised interview where he stated that the implementation of tariffs would force cooperation from other countries.

Latin Times

Morning Mail: Trump slaps China with 104% tariffs, first leaders debate washup, and what happened to the Bogong moths?

White House refuses to back down on incoming tariffs; Anthony Albanese and Peter Dutton go head-to-head in their first leaders debate

The Guardian - AU

China hits back at JD Vance after he calls workers there ‘peasants’ amid tariff standoff

‘It is surprising and sad to hear the vice president say such ignorant and impolite words,’ says foreign ministry spokesperson

The Independent UK

China reportedly considering ban on Hollywood films in response to Trump tariffs

The White House has said China will be hit with a tariff rate of 104 percent from tomorrow

The Independent UK

Bringing manufacturing back from overseas isn’t an easy solution to Trump’s trade war

The past week has seen the United States single-handedly rewrite the underlying paradigm for global trade. And while it is fair to say that the methods are extreme, the underlying goal of the policy is not unique to the US.

The Conversation

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Barchart

Dollar Weakens as US Threatens Retaliatory Tariffs on China

The dollar index (DXY00 ) Tuesday fell by -0.40%. The dollar was under pressure Tuesday because of concerns that a global trade war could derail the economy and force the Fed to cut interest rates. President Trump said he would boost tariffs on China by 50% if it doesn’t remove...

Barchart

Crude Prices Pressured as US Vows Retaliatory Tariffs on China

May WTI crude oil (CLK25 ) Tuesday closed down -1.12 (-1.85%), and May RBOB gasoline (RBK25 ) closed down -0.0287 (-1.42%). On Tuesday, crude oil and gasoline prices settled moderately lower but remained above Monday's significant lows. On Monday, crude prices plummeted to a 4-year low due to concern that...

Euronews

Donald Trump to slap 104% tariffs on Chinese imports, White House says

China vowed to 'fight to the end' while stepping in to stabilise its stock markets following a sharp plunge.

Euronews

US Defence Secretary claims China poses an ongoing threat to the Panama Canal

Hegseth's visit comes amid tensions over US President Donald Trump's repeated assertions that the United States is being overcharged to use the Panama Canal and that China has influence over its operations.

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BANG Premier

Donald Trump's brutal global import tariffs could lead to China banning showings of U.S. movies

In yet another huge looming crisis linked to the U.S. president's controversial economic plans, Donald Trump's brutal global import tariffs could lead to China banning showings of U.S. movies.

Al Jazeera

A growing trade war? Trump says China ‘wants to make a deal’

Top US trade official suggests Beijing has not sought talks with Washington as deadline for additional tariffs looms.

Al Jazeera

Tehran sceptical ahead of upcoming US-Iran nuclear talks

Facing ‘wall of mistrust’ and ‘doubting sincerity’, officials suspect US really wants to end Iran’s influence in region.

Latin Times

Economist Credited As Inspiration For Trump's Tariff Formula Claims The Administration 'Got It All Wrong'

Brent Neiman, a Chicago economist believed to be the inspiration for Trump's tariffs reveals he was shocked to learn he was associated with the policy, saying they got the math wrong.

Space

US needs 'orbital interceptors' to win a war in space, Space Command chief says

Space Force Gen. Stephen Whiting says the United States military needs orbital weapons in order to be successful if war ever comes to space.

Barchart

Apple’s Price Target Slashed by Analyst Dan Ives: Should You Reconsider Your AAPL Position?

Apple shares tumbled after Wedbush’s Dan Ives cut his price target by 23%, warning of tariff risks and softening demand.

The Independent UK

‘Many more’ Chinese soldiers fighting for Russia claims Zelensky after two captured

Ukraine’s forces battled with six Chinese troops in the Donetsk region, the Ukrainian president said, sharing footage of one of the supposed Chinese prisoners with his hands zip-tied together on X

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