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The Latest Breaking News from China

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.

International Business Times

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 Independent UK

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

The Guardian - AU

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'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.

International Business Times

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.

Euronews

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

Evening Standard

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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 Guardian - AU

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

The Independent UK

What to watch for as Trump’s ‘reciprocal’ tariffs kick in

Trump says he is open to making deals but his disdain for trade deficits makes compromise a challenge, analysts say.

Al Jazeera

Equities Resume Selloff As Trump Cranks Up Trade War

Equities and oil plunged again Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent as sweeping measures against the United States' dozens of partners are set to come into effect.

International Business Times

Albanese beats drum on economy as trade clouds gather

Fresh off a narrow debate victory, the prime minister has embraced the sights and sounds of Chinatown while spruiking the economy.

AAP

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The Conversation

Chinese-Australian voters were key to Labor’s win in 2022. Are some now swinging back to the Liberals?

Chinese-Australian voters were pivotal to Labor’s win in the 2022 election, with the swing against the Liberals in several key marginal seats almost twice that of other seats.

The Independent UK

Asian shares deepen losses after another Wall St retreat as tariffs due to take effect

Asian shares have opened lower as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, is due to take effect

The Independent UK

Trump says tariff situation ‘is great’ for midterms as markets continue to tumble

President continues to claim — falsely — that tariffs are paid by foreign governments instead of by American importers who pass them on to consumers in the form of higher prices

The Guardian - AU

‘We will have to raise prices’: gloom and resolve in Yiwu, on China’s trade war frontline

At the world’s largest wholesale market, vendors have reduced their exposure to the US but fear the repercussions of a global economic shock

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International Business Times

US Will Not Let China Disrupt Panama Canal: Pentagon Chief

The United States will not allow China to jeopardize the operations of the Panama Canal, US Defense Secretary Pete Hegseth warned during a visit to the Central American nation on Tuesday.

The Independent UK

Republicans look for an exit ramp on tariffs

Some Republicans are proposing dueling legislation to rein in Donald Trump’s tariffs. But many still need to keep in mind the president’s appeal to their voters

The Independent UK

Spyware accessing phone audio and cameras for data ‘of use to China’, NCSC warns

The apps inside legitimate software in a technique known as trojanising, cyber experts warn.

The Independent UK

World bracing for market turmoil after US hits China with 104% tariffs in midnight ultimatum

China vows to ‘fight to the end’ in trade war, accusing Trump of ‘blackmail’ and ‘economic bullying’

Barchart

Grain Market Update: Volatility Reigns and a Skeptical View on Trade

Barchart's Darin Newsom analyzed the current volatile markets, highlighting uncertainty in grains with a focus on global demand and competition, a bullish livestock sector, a skeptical view of the US-China trade war, and concerns about potential economic downturn linked to consumer spending.

Latin Times

China Denounces Vance's 'Chinese Peasant' Comment: His 'Words Lack Knowledge and Respect'

China responded to the vice president's comment, which he made during a Fox News interview while defending the Trump administration's new tariff policy.

Barchart

Stocks Tumble as US-China Trade War Set to Escalate

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -1.57%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.95%. June E-mini S&P futures (ESM25 ) are down -1.58%, and June E-mini Nasdaq futures...

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