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The Latest Breaking News from China

What Asian countries hit hard by Trump’s tariffs are doing to save their economies

China refuses to bow to US pressure while other Asian nations urge negotiations to soften the blow

The Independent UK

S&P Futures Plunge as Trump’s Tariffs Take Effect, China Retaliates

June S&P 500 E-Mini futures (ESM25) are trending down -1.42% this morning as U.S. President Donald Trump’s sweeping tariffs came into effect and China hiked tariffs on U.S. goods.

Barchart

S&P Futures Fluctuate as Trump’s Tariffs Take Effect, FOMC Minutes in Focus

June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning, swinging between gains and losses as U.S. President Donald Trump’s sweeping tariffs came into effect.

Barchart

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Beijing rejects Ukraine's claim significant numbers of Chinese troops are fighting alongside Russia

A Beijing official says Ukraine’s claim that significant numbers of Chinese nationals are fighting alongside Russia’s invading army in Ukraine is “totally unfounded.”

The Independent UK

China vows to fight tariffs to end and says trade with US is balanced

China again vowed to “fight to the end” against Donald Trump's tariffs in a lengthy policy statement published on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country's exports to the US came into effect.

Euronews

India’s central bank cuts interest rates after Trump’s tariffs kick in

Reserve Bank lowers growth forecast after economists estimate US tariffs could shave 20-40 basis points off growth in world’s fifth-largest economy this year

The Independent UK

US to send long-range surveillance drones to Japan amid tensions in Taiwan

Drones to be sent for indefinite deployment to US air base on Okinawa’s Kadena island in coming weeks

The Independent UK

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Lego opens a $1 billion factory in Vietnam as demand for its brick toys flourishes

Lego’s new Vietnam plant will help serve Asian markets in addition to its production site in Jiaxing, China, amid strong toy demand.

Fortune

What to know about the latest round of tariffs going into effect

US President Donald Trump has launched tariff wars with nearly all of America's trading partners. And there's no end in sight.

Euronews

China vows to fight tariffs to end, saying trade with US is already balanced

China again vowed to “fight to the end” against Donald Trump’s tariffs in a lengthy policy statement published Wednesday, while arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.S. came into effect

The Independent UK

S&P 500 sees one of biggest days since second world war after Trump levies pause – as it happened

Trump claims ‘China wants to make a deal’ after raising tariffs to 125%, while 90-day pause for most countries sparks market surge

The Guardian - UK

China Pushes Back With 84% Tariff In Escalating Trade Clash with US

China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104% levies on its goods.

International Business Times

China announces 84% tariffs on all US goods in response to Trump’s 104%

US Treasury secretary indicates openness to trade agreements after stock markets fall further in Europe

The Guardian - UK

Trump’s ‘Liberation Day’ tariffs are now in effect—and Asia is taking the hardest hit

Trump’s tariff rate on China now totals at least 104%, yet Chinese markets rose slightly on the promise of support from Beijing.

Fortune

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International Business Times

Trump China Tariffs Hit Crypto Hard: $BTC At $75K, $ETH Below $1,500, $XRP At $1.77

President Trump's new tariffs on China are hurting crypto real hard as the world's largest cryptocurrency by market cap plunged to $75,000—thousands of dollars far from its all-time high of $108,000 on Inauguration Day 2025.

The Independent UK

Beijing lashes out at JD Vance for comments about ‘Chinese peasants’

Tariffs live: China stunned by JD Vance calling its workers ‘peasants’ as Trump’s 104% levy comes into force

The Guardian - AU

ASX 200 sheds $40bn in value as Australian shares plunge amid US-China trade war

Mining and energy companies among biggest casualties as Donald Trump’s latest round of tariffs come into effect

International Business Times

'Self-Sabotage': Critics, X Users Blast Trump As 104% China Tariffs Crash Global Markets

Critics of U.S. President Trump expressed their thoughts on the ongoing shakeup global markets—US stocks included—are experiencing following new tariffs his administration imposed on China.

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Euronews

Oil prices tumble to four-year low as US-China trade war fuels recession fears

Crude oil prices plunged to a fresh four-year low as the US-China trade war escalated. Other economic-growth-sensitive commodities, including iron ore and copper, also slumped in recent sessions amid deteriorating demand outlooks in the world’s largest importer.

Euronews

European markets move lower as Trump's sweeping tariffs take effect

European and US markets moved lower on Wednesday as Donald Trump's sweeping new country-specific tariffs start to take effect.

Evening Standard

London's FTSE 100 slumps again as China retaliates against Trump's tariffs

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

The Guardian - AU

China unlikely to blink first as Trump’s trade war enters uncharted new territory

Since Trump’s first trade war with China in 2018, Beijing has ramped up trade with other countries, making it less dependent on the US

The Independent UK

Beijing ups diplomatic pressure on Africa as the US pulls back

Chinese diplomats threatened to cancel a summit and called top officials in two African countries to pressure lawmakers to quit an international parliamentary group critical of China, officials from the group told The Associated Press

The Independent UK

At least 20 dead in huge fire at nursing home in China

At least 19 people suffered injuries and were taken to nearby hospital

The Independent UK

The Latest: Asia shares sink as US tariffs take effect

Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a 104% levy on Chinese imports, went into effect

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