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The Latest Breaking News from China

Tariffs and gaming handhelds: Should I buy a Steam Deck, ROG Ally, or even a Nintendo Switch right now?

Learn all you need to know about how tariffs will affect the cost of gaming handhelds. I'm also keeping tack of current handheld prices so you can know when to buy.

Windows Central

Here's what some exporters in China say about Trump's trade war

The trade war between the world’s two largest economies is escalating as China slapped a 125% tariff on U.S. goods in response to President Donald Trump’s 145% tariff on Chinese products

The Independent UK

Trump wants iPhones to be made in the US. It's unlikely Apple will leave China despite his tariffs

Donald Trump is hoping Apple will return to the US to make its flagship products. Even with tariffs in place, there's little incentive for the tech giant to leave China.

Euronews

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Investors flee U.S. assets but Chinese markets shrug off Trump's 145% tariff as trade war begins

The tit-for-tat retaliation between the U.S. and China could wipe out all bilateral trade between the the world's two largest economies.

Fortune

How does a Fortune 500 company adjust its supply chain overnight? Most are piecing together a playbook on the fly

“Almost every client I talk to has a war room,” says Mary Rollman, KPMG’s U.S. supply-chain leader.

Fortune

Trump’s trade war with China begins — and Apple and Tesla are the first casualties

Also: Fortune’s 100 Best Companies to Work For, Apple’s supply chain is trapped.

Fortune

Macron calls US tariff pause ‘fragile’ and urges EU to stay strong

A decision to delay imposing tough new tariffs on the EU was a “fragile pause”, French President Emmanuel Macron said on Friday as he urged Europe to defend its interests and push for a fairer deal.

Radio France Internationale

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S&P Futures Gain With Focus on Key U.S. PPI Data and Big Bank Earnings, China Retaliates Again

June S&P 500 E-Mini futures (ESM25) are trending up +0.69% this morning as investors await crucial U.S. producer inflation data and earnings reports from some of the biggest U.S. banks.

Barchart

S&P Futures Slip as U.S.-China Trade War Heats Up, PPI Data and Big Bank Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are trending down -0.29% this morning as the trade war between the world’s two largest economies continues to escalate, while investors await crucial U.S. producer inflation data and earnings reports from some of the biggest U.S. banks.

Barchart

Court ruling saying Mahmoud Khalil can be deported condemned as ‘unjust and alarming’ – as it happened

This live blog is now closed

The Guardian - US

Sensex Soars 1,000 Points: India Celebrates US Tariff Pause Amid Global Trade Jitters!

Sensex jumps 1,000 plus points, Nifty up by 300 points as US delays tariffs on India. Gains trimmed by US-China trade war fears. Read more at Dynamite News.

Dynamite News

China slaps 125 per cent tariff on US as trade war intensifies

China has announced fresh countermeasures to US president Donald Trump's latest tariffs in an escalating trade war between the two nations ...

The National (Scotland)

In Shanghai Dolls, Madame Mao’s life story of art, revolution and resentment is undone by clichés

2/5 This real-life tale of Mao’s wife and the first female director of China fails to meet its own potential

The Independent UK

China hits back at US with 125% tariffs as Xi Jinping warns Donald Trump ‘there are no winners in trade war’

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

Evening Standard

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International Business Times

China Hikes Tariffs On US Goods To 125%

Chinese exports to the U.S. are now facing tariffs as high as 145%, signaling a major escalation in the ongoing trade conflict.

The Guardian - UK

China raises US tariffs to 125% as Xi invites EU to team up against Trump ‘bullying’

Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continues

The Independent UK

China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday

China has announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday

Euronews

China raises tariffs on US to 125% in latest trade war escalation

Beijing is responding to the US' decision to hike levies, although China said it's unwilling to go any higher.

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Euronews

European stocks spiral after China hits back against Trump’s tariffs

Concerns about an escalating trade war between the US and China still remain after the latter retaliated against steep US tariffs.

Evening Standard

Nigel Farage compares Donald Trump to Liz Truss and won't say if he's 'chump or champ' on tariffs trade war

The Reform UK leader believes both Trump and Truss did ‘too much too soon’

International Business Times

China, EU Must 'Jointly Resist Unilateral Bullying', Xi Tells Spanish PM

Chinese President Xi Jinping urged the European Union on Friday to join hands with Beijing in resisting "unilateral bullying", in reference to swingeing tariffs imposed by US President Donald Trump.

Al Jazeera

Taiwan charges captain of China-linked ship with damaging subsea cable

The case marks a first for Taiwan in prosecuting what it alleged is deliberate damage to a subsea cable.

The Guardian - UK

Will global climate action be a casualty of Trump’s tariffs?

Clean energy investors likely to pull back from US, but other countries may seize opportunity to speed transition

Evening Standard

Asian markets in fresh falls as US-China trade war escalates

Tokyo was particularly badly hit with Japan’s Nikkei 225 index down 5.6% at one stage

The Conversation

Peter Dutton’s climate policy backslide threatens Australia’s clout in the Pacific – right when we need it most

Australia’s relationship with its regional neighbours could be in doubt under a Coalition government after two Pacific leaders challenged Opposition Leader Peter Dutton over his weak climate stance.

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