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The Latest Breaking News from China

Americans Could Face $1M Fine or 20 Years in Prison for Downloading AI Tool DeepSeek

A US bill proposes hefty fines and 20-year prison terms for using the Chinese AI tool DeepSeek. Is this about national security or market protection?

International Business Times UK

Honda and Nissan’s £48bn merger ‘close to collapse’; UK borrowing costs lowest since December in boost for Reeves – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

FTSE 100 Live 05 February: GSK shares surge on new guidance, gold at record price

An improved long-term sales target today revitalised GSK shares after their dismal 2024.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Toyota Announces Lexus EV Plant In Shanghai

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.

International Business Times

China Holds Out Hope Last-minute Deal Can Avert US Trade War

China's new tariffs on US imports like oil, coal and cars are relatively modest in scale, suggesting that Beijing is hoping for a last-minute deal but also giving them the option to inflict more pain if needed, analysts say.

International Business Times

Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges

Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai government

The Independent UK

What are rare earth elements, and why does Trump want them from Ukraine?

Trump hopes to secure rare earth resources from Ukraine as part of a deal for US aid

The Guardian - AU

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Betting markets predict higher egg prices and more tariffs

Bettors are forecasting that Trump’s trade war isn’t set to end with the proposed tariffs on China, Canada, and Mexico

The Independent UK

Last time, Australia got an exemption from US tariffs. Under Trump 2.0, this might be much harder

Australia has always worked both sides of the aisle in Washington, but now the Albanese government is having to push its case up very steep hills

The Guardian - AU

In freezing foreign aid, the US leaves people to die – and allows China to come to the rescue

One of the executive orders US President Donald Trump signed the day he was inaugurated was a 90-day pause in US foreign development assistance.

The Conversation

US Postal Service briefly halts packages arriving from China and Hong Kong

Normal service resumes after initial suspension, in latest episode of growing trade war between the US and China

The Guardian - US

Stock market today: Asia shares trade mostly lower as as investors weigh impact of US-China tariffs

Asian shares are trading mostly lower as markets mull the impact of tariffs being imposed by the United States and China

The Independent UK

Asian Markets Stutter As Traders Weigh China-US Trade Flare-up

Asian markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers.

International Business Times

US Postal Service Suspends Accepting International Parcels From China

USPS suspends international parcels from China and Hong Kong due to new regulations impacting e-commerce and causing potential delivery delays.

Top News

President Trump Remains Confident In Trade Strategy Against China

President Trump expresses confidence in his trade strategy amid escalating tensions with China, emphasizing a commitment to rebalancing trade and protectin...

Barchart

Stocks Settle High on Strength in Megacap Technology Stocks

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.72%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.26%. March E-mini S&P futures (ESH25 ) rose by +0.68%, and March E-mini Nasdaq futures...

The Independent UK

Trump’s tariff tactics carry higher economic risks than during his first term

When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade

Latin Times

Panama Considers Withdrawing from Port Deal with Hong Kong Firm After Trump's Canal Offensive

The decision could reshape economic ties in the region as U.S.-China tensions escalate.

Barchart

Dollar Slides with Bond Yields on Weak US Economic News

The dollar index (DXY00 ) Tuesday fell by -0.94%. The dollar tumbled Tuesday as trade worries eased after the US delayed a 25% tariff on goods from Canada late Monday. Also, China’s restrained response to US tariffs eased concerns of a broader trade war. The stabilization of stock prices Tuesday...

Barchart

US-China Trade War Concerns Weigh on Crude Prices

March WTI crude oil (CLH25 ) Tuesday closed down -0.46 (-0.63%), and March RBOB gasoline (RBH25 ) closed down -0.0187 (-0.88%). Crude oil and gasoline prices Tuesday settled moderately lower, with crude sliding to a 5-week low. Crude prices are under pressure as tariff concerns eased after the US said...

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