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The Latest Breaking News from China

Trump’s opening tariff salvo will hurt US consumers − following through on Canada, Mexico threats will increase the price pain

If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.

The Conversation

Hedge Fund Kerrisdale Capital Says This 1 Stock Could Be a DeepSeek Winner

As DeepSeek shakes investor confidence in U.S. tech giants, Kerrisdale Capital identifies one stock that could emerge as a major winner in the midst of this turmoil.

Barchart

Trump’s tariff gambit: As allies prepare to strike back, a costly trade war looms

On Saturday, Feb. 1, 2025, U.S. President Donald Trump announced a plan to slap steep tariffs on imports from key American trading partners – 25% on goods from Mexico and Canada and 10% on imports from China. His stated reason? To curb illegal immigration and drug trafficking.

The Conversation

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Sam Altman bemoans being on "wrong side of history" with a major aspect of AI

OpenAI Sam Altman says his company is "on the wrong side of history" with a business model built purely around proprietary AI models.

Fortune

China reopens antitrust probe into Google, Nvidia, and Intel may be next

China reopens investigations targeting Google and Nvidia to gain leverage in upcoming negotiations with U.S. President Trump. Intel could be next.

Tom’s Hardware

Panama court is asked to cancel Hong Kong firm’s contract to run canal ports

Complaint by local lawyers to supreme court follows US demands to reduce China’s alleged influence on waterway

The Guardian - US

Australia Bans DeepSeek AI Program On Govt Devices

Australia has banned DeepSeek from all government devices as it seeks to block "an unacceptable level of security risk" presented by China's breakout artificial intelligence program, according to an official order Tuesday.

International Business Times

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Putting DeepSeek to the test: how its performance compares against other AI tools

China’s new DeepSeek Large Language Model (LLM) has disrupted the US-dominated market, offering a relatively high-performance chatbot model at significantly lower cost.

The Conversation

China Launches Antitrust Probe Into Google Amid Trade Tensions

China's antitrust probe into Google amid trade tensions raises concerns over market practices and Android system. Google faces uncertain outcomes in China.

Top News

Rubio Asks If Aid Groups 'Sabotaging' Projects Over US Fund Freeze

Secretary of State Marco Rubio alleged Tuesday that some aid groups may have intentionally sabotaged projects to make a point after he froze most US assistance.

International Business Times

Tesla and Apple are the ‘Magnificent Seven’ companies hit hardest by tariff shocks

Tesla’s stock fell 5% on Monday, the biggest drop for any member of the so-called Magnificent Seven, while Apple shares dropped 3%.

Fortune

Amid Trump Trade Tensions, WTO Remains Crippled Arbiter

While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States.

International Business Times

Goldman Sachs says Trump's tariffs could bruise stocks, estimating every 5-percentage-point increase would slash S&P 500 earnings per share by 1%–2%

Before the U-turn on tariffs, Goldman Sachs said “there is a substantial probability that the tariffs on Canada and Mexico will be temporary.”

Fortune

‘I can’t order 100 pieces of junk for $15?’: How Trump’s tariff will hit fast-fashion devotees

The 10% levy on goods imported from China closes a loophole used by Temu and Shein. Experts say it may only tighten their grip on Americans

The Guardian - US

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Latin Times

Americans Face Decades in Prison for Downloading DeepSeek Under New Republican Bill

Missouri Sen. Josh Hawley introduced a bill that could earn Americans jail time if they were to download Chinese AI models while actively residing in the US.

Barchart

Crude Prices Slip as Tariff Concerns Ease

March WTI crude oil (CLH25 ) today is down -0.48 (-0.66%), and March RBOB gasoline (RBH25 ) is down -0.0285 (-1.35%). Crude oil and gasoline prices today are moderately lower, with crude sliding to a 5-week low. Crude prices are under pressure as tariff concerns eased after the US said...

The Independent UK

What do China's new tariffs on U.S. mean for consumers

The impact on U.S. consumers are likely to be limited so far, but experts warn of a looming ‘tit-for-tat trade war’

International Business Times

Trump, China's Xi Set To Speak On Tariff Battle

US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other's economies in an escalating trade war.

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Barchart

Stocks Climb as Chip Stocks Rally

The S&P 500 Index ($SPX ) (SPY ) today is up +0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.14%. March E-mini S&P futures (ESH25 ) are up by +0.60%, and March E-mini Nasdaq...

The Guardian - UK

In this Trump era of shakedown diplomacy, everything has a price

Friends and allies of the US president will say his recent tariff threats delivered quick wins, but he may find there are no winners in a trade war

Barchart

Lean Hog Futures Prices Were Hit Hard by the U.S.-Mexico Trade Row. Will Hog Bulls Again Show Resilience?

The threat of tariffs against Mexico sent April lean hog futures falling on Monday.

Salon

China hits back at Trump's tariffs

The country announced retaliatory measures after a 10% tariff took effect

Barchart

Dollar Slides and Gold Posts a Record High on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.71%. The dollar is under pressure today 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. Stabilization of stock...

Tom’s Guide

DeepSeek AI banned by NASA, US Navy, and more over privacy concerns

Opposition to DeepSeek is not uncommon, as many countries and organizations have take action against the Chinese AI app.

Tom’s Hardware

Korean retail RTX 5090 spotted for sale in China — Chinese shoppers plunder Japan and Taiwan, too

A clearly Korea-sourced Nvidia GeForce RTX 5090 graphics card has been spotted for sale on an online Chinese marketplace. There are also recent reports of Chinese GPU shoppers visiting Japan and Taiwan.

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