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The Latest Breaking News from China

S&P Futures Tick Lower With All Eyes on Trump’s ‘Liberation Day’ Tariffs

June S&P 500 E-Mini futures (ESM25) are trending down -0.26% this morning as market participants gear up for U.S. President Donald Trump’s sweeping tariffs announcement.

Barchart

‘Live-fire drills’: China conducts second day of war games around Taiwan

China continues a second day of war games and military drills around Taiwan, including simulated attacks on key targets.

Al Jazeera

US Approves $5.58 Bn Fighter Jet Sale To Philippines

The United States said Tuesday it has approved the possible sale of $5.58 billion in F-16 fighter jets to the Philippines, as Washington backs its ally in rising tensions over China.

International Business Times

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China conducts military drills focusing on Taiwan Strait

China conducted military drills around Taiwan for a second day focusing on the Taiwan Strait separating the self-governing island democracy from China that is a crucial conduit for international trade

The Independent UK

US approves sale of 20 F-16 fighter jets worth $5.58bn to Philippines

Potential sale of US fighter jets comes as tensions mount between the Philippines and China over maritime disputes.

Al Jazeera

China Probes For Key Target Weak Spots With 'Paralysing' Taiwan Drills

China's military drills around Taiwan this week aim to send a clear message to the island's leadership, analysts say -- in the event of war, Beijing can cut them off from the outside world and grind them into submission.

International Business Times

US Lawmakers Seek To Rename Street For Hong Kong's Jailed Jimmy Lai

US lawmakers moved Tuesday to rename the street next to Hong Kong's Washington office after Jimmy Lai, the pro-democracy activist and media mogul jailed as China clamps down on the financial hub.

International Business Times

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China unveils ‘paralysing strikes’ poster as it shares code name of live-fire drills around Taiwan

Drills employ Shandong aircraft carrier task group to simulate strikes on targets east of Taiwan

The Independent UK

China military drills targeting Taiwan put region’s security at risk, says US

Beijing continues drills in Taiwan strait, practising hitting key ports and energy infrastructure

The Guardian - UK

Where are the highest, lowest tariffs? Trump’s reciprocal tariffs explained

The US has some of the lowest tariffs in the world. Trump wants to reverse that with reciprocal tariffs on April 2.

Al Jazeera

China Launches Military Drills In Taiwan Strait

The Chinese military announced new exercises Wednesday in sensitive waters near Taiwan, in a second consecutive day of drills around the self-ruled island it claims as its own.

International Business Times

Hegseth indicates US backing for Taiwan – but it is transactional Trump who has the final word

Defence secretary’s trip to Asia shows the Trump administration is engaged with the region, but analysts warn Taipei to tread carefully

The Guardian - AU

Living in ‘garbage time’: when 500 million Chinese change their spending habits, the world feels it

China’s economic rocket ride appears to be ending – or slowing, at least. Growth has declined from 8.4% in 2021 to 4.5% today, youth unemployment has climbed to 16.9%, and cities are filled with unfinished buildings after the collapse of property developer Evergrande in 2024.

The Conversation

World, markets on edge as Trump prepares for ‘Liberation Day’ tariffs

Donald Trump’s US tariffs will take effect immediately after he unveils them on Wednesday, according to the White House.

Al Jazeera

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TechRadar

American cyber brass calls for retaliatory strikes against China, but is the US really ready?

The US isn't ready for a cyber war with China, but some want to hit back in revenge against Salt Typhoon.

Barchart

Crude Erases Early Gains on Energy Demand Concerns

May WTI crude oil (CLK25 ) Tuesday closed down -0.28 (-0.39%), and May RBOB gasoline (RBK25 ) closed up +0.0118 (+0.52%). Crude oil and gasoline prices on Tuesday settled mixed, with gasoline posting a 7-month nearest-futures high. Dollar weakness Tuesday was supportive of crude prices. Crude also had carryover support...

The Independent UK

Trump’s tariffs in numbers: The biggest losers amid escalating US trade war

As Donald Trump is unleashed a fresh slate of tariffs on so-called ‘Liberation Day’, data correspondent Alicja Hagopian examines which countries are most at risk from new tariffs on up to $3.3 trillion of goods.

The Guardian - UK

Donald Trump signs off UK’s handover of Chagos Islands to Mauritius

No 10 says deal to cede UK’s last African colony is being finalised after months of doubt

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Kiplinger

Trump Tariffs After Supreme Court Ruling: What’s Still in Effect and Who Could Get Tariff Refunds

As the administration pivots to a new global surcharge under Section 122, the Supreme Court’s ruling has opened the door for over $100 billion in potential refunds. Here's what's happening.

The Independent UK

No batteries? Thinner packaging? US businesses look for ways to offset tariffs

Gadgets sold without batteries

The Independent UK

New measures against Russia after ‘unacceptable threats’ to UK – Home Secretary

Russia will be placed on the top level of the Government’s forthcoming foreign influence registration scheme (Firs).

LiveScience

The US is squandering the one resource it needs to win the AI race with China — human intelligence

The release of DeepSeek was a reminder that the U.S. is not the assured frontrunner of AI development. As the race between China and the U.S. intensifies, is America inadvertently giving it's biggest rival a huge leg up?

The Conversation

East Asia is challenging Silicon Valley – by being like Silicon Valley used to be

Silicon Valley has been a universal symbol of innovation for decades. Because of its reputation, governments around the world have tried to foster their own versions by investing heavily in tech hubs.

Barchart

Crude Supported by Concerns Over Global Oil Supplies

May WTI crude oil (CLK25 ) today is up +0.10 (+0.14%), and May RBOB gasoline (RBK25 ) is up +0.0148 (+0.65%). Crude oil and gasoline prices are moving higher today, with crude posting a 5-week high and gasoline posting a 7-month nearest-futures high. Dollar weakness today is supportive of crude...

Fortune

Tether’s CEO says his $144 billion stablecoin is good for the U.S. dollar. Is he right?

Paolo Ardoino says USDT is a counterweight to Chinese influence in Africa and South America.

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