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The Latest Breaking News from China

Dollar Gains on Hopes of De-Escalation of US-China Trade Conflict

The dollar index (DXY00 ) today is up by +0.25%. The dollar is trading higher today in hopes of de-escalating the US-China trade war. Bloomberg reported that the Chinese government is considering suspending the 125% tariffs on some US imports, including medical equipment and industrial chemicals like ethane. The dollar...

Barchart

Stocks Pressured by Mixed Trade News and Corporate Earnings Results

The S&P 500 Index ($SPX ) (SPY ) today is down -0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.26%. June E-mini S&P futures (ESM25 ) are down -0.25%, and June E-mini Nasdaq futures...

Barchart

'Building trust' key to solving climate crisis, Cop30 president tells RFI

With 2024 confirmed as the hottest year on record, pressure is mounting on all countries to step up their climate commitments. In just over six months, world leaders will convene in Brazil for Cop30. Its president, André Corrêa do Lago, has warned the era of empty promises is over, but…

Radio France Internationale

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Trump Claims China's Xi Called Him On Tariffs

US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact between the two countries over their bitter trade dispute.

International Business Times

Opposite effect: Could Trump's tariffs end up cooling inflation in Europe?

Trump's tariff push may cool down rather than heat up inflation in Europe. Falling energy prices, a stronger euro and excess goods supply from China are disinflationary forces, likely prompting the ECB to consider deeper rate cuts down the road.

Euronews

TikTok Exploits Trade War To Shift Fake Luxury Goods

TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices.

International Business Times

China reportedly waives tariffs on some US chip imports — duties paid are eligible for refunds

Chinese authorities might be putting an exemption from their 125% tariff on some American chip imports.

Tom’s Hardware

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How China will influence the next pontiff after Pope Francis' pivot to Asia

With the conclave to choose his successor looking less Eurocentric than ever, Pope Francis' intense pastoral and diplomatic activity to build a bridge with Asia is set to continue.

Euronews

Iran and US to resume high-stakes talks in Oman on Saturday to revive nuclear deal

Donald Trump has threatened air strikes if no deal is reached, while Iran hints it may pursue nuclear weapons with its growing uranium stockpile.

Euronews

China shares rare Moon rocks with US despite trade war

Chinese space agency opens access to its lunar samples to scientists from seven countries

The Independent UK

China pledges support for economy, dismisses US claims on tariff talks

Beijing dismisses President Donald Trump’s claims of being engaged in tariff negotiations.

Al Jazeera

Asian And European Stocks Rise In Wake Of Wall Street Rally

US stocks rallied for a third straight session on Thursday, shrugging off signs that US trade deals with China and the European Union aren't imminent despite promising signs elsewhere.

Latin Times

Here's why a flare-up between India and Pakistan over Kashmir matters

India and Pakistan have intensified their hostilities over the hotly contested Kashmir region following a massacre of 26 mostly Indian tourists, which New Delhi linked to Pakistan

The Independent UK

Boeing will find it ‘relatively easy’ to find customers for China’s rejected planes, says jet leasing CEO

Boeing planned to complete 50 orders for Chinese customers this year but is now assessing options as China refuses Boeing plane deliveries owing to the trade war.

Fortune

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The Guardian - US

‘Very problematic’: US apparel bosses say Trump’s tariffs will hurt Americans

The president aims to boost US manufacturing, but insiders warn tariffs will increase costs and destroy businesses

Fortune

Trump’s trade war has already sparked a massive cancellation of shipments from China to the U.S.

The Port of Los Angeles, the largest port in the U.S., predicts a 35% drop in shipments, nearly all from China, in a matter of weeks.

International Business Times

Don't Make 'Disappointing' Retreat On Climate, COP30 CEO Urges EU

Europe is "absolutely vital" to the fight against global warming and its leadership must not waver as climate ambition backslides elsewhere, the CEO of November's COP30 summit in Brazil told AFP. In an interview in Paris, Ana Toni urged the European Union to unite around a strong emissions reduction target…

The Independent UK

Apple plans to shift all US-bound iPhone production from China to India in response to Trump tariffs

Tariffs are starting to see major companies react with changes to their supply chains and production locations

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International Business Times

China's Top Leaders Pledge Economic Support As Trade War Rages

China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump.

Evening Standard

Apple to move production of US iPhones from China to India over tariffs – report

Experts have already warned the price of electronics generally, and not just Apple products, are likely to rise.

The Guardian - UK

Apple ‘aims to source all US iPhones from India’, reducing reliance on China

Report suggests tech firm – swept up in Donald Trump’s trade war – will make change as soon as 2026

International Business Times

China Says Wind And Solar Energy Capacity Exceeds Thermal For First Time

China's wind and solar energy capacity has surpassed that of mostly coal-powered thermal for the first time, the national energy body said Friday.

The Independent UK

California overtakes Japan as the world’s fourth largest economy

Governor Gavin Newsom relished in his state’s economic prowess but lambasted President Trump’s ‘reckless tariff policies’

Fortune

The truth about the dollar’s decline: ‘You’ll either have to raise prices, or lower profits’

Also: Trump insists he is talking to China, Apple will move iPhone production to India.

The Guardian - US

US revokes policy restricting subpoenas of reporters’ phone records – as it happened

Pam Bondi, US attorney general, says conduct of federal employees who leak information to media is ‘treasonous’. This blog is now closed.

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