HOT TOPICS
China threatens countermeasures against potential U.S. tariffs
Chinese foreign ministry spokesperson Guo Jiakun dismissed reports that China is providing military support to Iran as fabrications and warned that Beijing will take countermeasures if the U.S. uses the pretext to impose an additional 50% tariff on Chinese goods.
Trump declares U.S. war on Iran is close to over
U.S. President Donald Trump announced that the U.S. war with Iran is close to over and indicated that talks with Iran could take place in Pakistan within the next two days.
NEWS SUMMARY
The onshore and offshore yuan against the U.S. dollar both reached their highest levels in more than three years.
China plans to roll out an upgraded departure tax refund policy before the end of April.
The International Monetary Fund downgraded its 2026 global economic growth forecast, citing the significant impact of the Middle East conflict on current growth momentum.
Middle Eastern crude oil production dropped by 30% in March, leading to a 200-million-barrel plunge in inventories outside the Gulf region.
Asia’s liquefied natural gas imports fell to a six-year low due to ongoing tensions in the Middle East.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
