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The Latest Breaking News from China

Markets Slide As U.S.-China Trade Fight Escalates

The tariffs now cover nearly all U.S. trading partners and have sparked fears of a global recession.

International Business Times

Trump says pharmaceutical tariffs are coming ‘very shortly.’ How will this impact the price of drugs?

‘We're going to be announcing very shortly a major tariff on pharmaceuticals. And when they hear that, they will leave China,’ president says at Republican fundraiser

The Independent UK

Trump Tells US To 'Be Cool' As China, EU Strike Back

US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.

International Business Times

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The Latest: Trump’s latest round of tariffs go into effect

President Donald Trump has launched tariff wars with nearly all of America's trading partners

The Independent UK

Former French pilot suspected of sharing defence intelligence with China

A French former naval fighter pilot is under investigation over allegations he shared sensitive military information with Chinese authorities during two training trips to China.

Radio France Internationale

White House insists iPhones will be US-made – but Apple calls it a non-starter

Experts doubt Trump line that tariffs and company’s $500bn investment will shift manufacturing from Asia

The Guardian - US

Worsening US-China Trade War Hammers Crude Prices

May WTI crude oil (CLK25 ) today is down -2.47 (-4.15%), and May RBOB gasoline (RBK25 ) is down -0.0909 (-4.56%). Crude oil and gasoline prices today extended their week-long plunge, with crude posting a 4-year low and gasoline posting a 7-month low. Crude prices have fallen more than -23%...

Barchart

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Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

A subsidiary of a Hong Kong conglomerate, which is embroiled in U.S.-China tensions over its Panama Canal port assets has denied allegations that it had failed to pay about $1.2 billion to the Central American country

The Independent UK

Japan and NATO vow to deepen security ties to counter threats from China and Russia

"A stronger NATO will benefit Japan greatly," Prime Minister Shigeru Ishiba said at a press conference with Rutte, who was visiting Japan for the first time since becoming secretary general of the alliance in October.

Euronews

I’ve seen many phoney trade wars come and go. This is the real thing

This battle between the US and China goes far beyond market turmoil – it has killed off the liberal dream of a borderless world, says Guardian columnist Larry Elliott

The Guardian - UK

Stocks Spike as Trump Announces 90-Day Tariff Pause

The S&P 500 Index ($SPX ) (SPY ) today is up +5.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +3.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +7.05%. June E-mini S&P futures (ESM25 ) are up +7.02%, and June E-mini Nasdaq futures...

Barchart

Stocks Search for Direction as China, Europe Retaliate on Tariffs

The S&P 500 Index ($SPX ) (SPY ) today is up +0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.33%. June E-mini S&P futures (ESM25 ) are up +0.67%, and June E-mini Nasdaq futures...

Barchart

Stocks Pressured as US Trade War Escalates with Retaliatory Tariffs by China and EU

The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.18%. June E-mini S&P futures (ESM25 ) are down -0.60%, and June E-mini Nasdaq futures...

Barchart

Is Advanced Micro Devices Stock a Buy as Shares Plunge Below $80?

With a forward price-earnings ratio of 21.6x, AMD appears attractively priced, especially given its double-digit earnings growth potential.

Barchart

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International Business Times

Beijing Rejects Ukraine Claim 'Many' Chinese Fighting For Russia

China on Wednesday rejected Ukrainian President Volodymyr Zelensky's claim that many Chinese citizens were fighting for Russia, calling it "absolutely groundless".

Barchart

Apple Is No Longer the Most Valuable Company as Tariffs Butcher Shares. Is It Time to Buy the AAPL Stock Dip?

Apple stock has fallen towards its 52-week lows amid the trade war. Should you buy the dip in Apple now?

Reason

Mark Clifford: A Political Prisoner Fights for Free Speech in China

The former editor in chief of the South China Morning Post discusses his book on Jimmy Lai, who is currently on trial in Hong Kong for having the audacity to stand up to the government.

Euronews

Why are US Treasury bonds losing their safe-haven status in dramatic sell-off?

US Treasuries are behaving unusually as yields rise during market turmoil, raising doubts about their safe-haven status amid the US-China trade war and waning confidence in American economic dominance.

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The Independent UK

Hegseth says China's military presence in western hemisphere is 'too large'

U.S. Secretary of Defense Pete Hegseth has again put China at the center of U.S. priorities in the western hemisphere, one day after calling the world power a threat to the Panama Canal

Euronews

US stocks surge after Donald Trump announces 90-day pause on tariffs

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%.

Barchart

Dollar Sinks and Gold Soars as US-China Trade War Escalates

The dollar index (DXY00 ) today is down by -0.67%. The dollar is sliding today as the US-China trade rift widened after China today imposed 84% tariffs on US goods in retaliation for the US imposing a total of 104% tariffs on Chinese goods. Also, the dollar is facing a...

The Independent UK

Japan's Ishiba and NATO chief vow to deepen security ties as regional threats rise

Japanese Prime Minister Shigeru Ishiba and NATO chief Mark Rutte have vowed to further deepen military ties while stressing the need to tackle together growing threats from China, North Korea and Russia

Roll Call

Trump pauses reciprocal tariff on more than 75 countries, raises levy on China - Roll Call

President Donald Trump changed course on reciprocal tariffs against 75 countries, but hiked a levy on imported goods from China.

International Business Times

US Treasury Chief Defends Tariffs, Warns Against Aligning With China

US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.

Barchart

Stocks Supported by Strength in Megacap Technology and Airline Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.49%. June E-mini S&P futures (ESM25 ) are up +0.60%, and June E-mini Nasdaq futures...

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