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The Latest Breaking News from China

Trump is creating distance between Musk and the White House’s China policy

President Trump seems keen to scale back Elon Musk’s interaction with foreign diplomacy.

Fortune

California Sues Trump Administration Over Sweeping Tariffs

California filed a lawsuit on Wednesday to block Trump's broad tariffs on foreign trade partners, after he announced a 10% tariff on goods from all countries and even higher tariffs for nations his administration claimed made it difficult for U.S. products to enter their markets.

International Business Times

Nvidia CEO In Beijing As US Tech Curbs, Trade War Threaten Sales

Nvidia this week said it expected a $5.5 billion earnings hit this quarter due to a new US licensing requirement on GPUs (graphics processing units) with bandwidths similar to the H20, the primary chip it could legally sell in China.

International Business Times

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Finally, the Trump regime has met its match

The administration dared China, Harvard and the supreme court to blink. They haven’t

The Guardian - US

Global stocks decline as U.S. imposes ban on Nvidia exports to China

The declines came after the S&P experienced a “death cross” on Monday — where the 50 day moving average sank below the 100-day moving average.

Fortune

Stocks Climb Before the Open on Optimism Over Trade Talks, Netflix Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are up +0.59%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.02% this morning as positive signals from the first round of U.S.-Japan trade talks boosted sentiment.

Barchart

The end of cheap clothes? Temu and Shein give tariff price warning

The fast fashion brands, known for selling particularly cheap clothes, cosmetics and accessories, are contending with the 145% tariff Trump slapped on most products made in China.

Euronews

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China's Xi visits Cambodia to strengthen bilateral ties and trade

The Chinese president concluded his Southeast Asian tour in Cambodia, meeting top officials to strengthen ties and discuss trade amid US tariff concerns.

Euronews

China has options: The U.S. may be more dependent on trade with Asia than President Trump realizes

Also: Fed’s Powell issues warning, U.S. stocks slide, again.

Fortune

US-UK trade deal could impact relations with China, ex-spy chief warns

Nigel Inkster said a US-UK deal could negatively affect Britain’s relationship with China, which is a ‘critical supplier’ of pharmaceuticals.

Evening Standard

China Selling Seized Digital Assets? Crypto Users Troll Local Governments In 'Germany Type Move'

Local governments in China are reportedly dumping their seized Bitcoin and other cryptocurrencies amid a slowing economy – crypto holders blasted the move, reminding the community of how a similar move ended for Germany.

International Business Times

Cambodia seeks China’s financial support as Xi visits amid US tariff war

Cambodia is an important leg in Xi’s regional tour, with China owning half of Cambodian businesses exporting to the US.

Al Jazeera

“These tariff actions will have a long-term effect on musicians worldwide”: The CEO of NAMM urges Trump to dump tariffs on components of musical instruments

US instrument manufacturers are heavily dependent on China for components

MusicRadar

Anger As China Club Plays Hours After Striker Boupendza's Death

Football fans in China were outraged by Zhejiang FC's decision to go ahead with a league match hours after the death of their Gabon international striker Aaron Boupendza.

International Business Times

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Al Jazeera

China says it will pay no attention to Trump’s ‘tariff numbers game’

Beijing’s comments come after White House says Chinese exports could face duties of up to 245 percent.

The Independent UK

Divided loyalties? 62 Taiwanese military members found with Chinese residency permits

In the latest revelation of Chinese influence among the Taiwanese armed forced, at least 62 active-duty Taiwanese service members have been found holding Chinese residency permits

The Independent UK

China’s leader Xi Jinping arrives in Cambodia to wrap up 3-nation Southeast Asia tour

Chinese President Xi Jinping has arrive in Cambodia for a two-day state visit that serves as an opportunity to further strengthen already robust relations

International Business Times

Unease Grows Over Trump Tariffs Despite 'Progress' In Japan Trade Talks

Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

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The Conversation

In the trade war, China has moved to curb supply of critical minerals. Can Australia seize the moment?

In the escalating trade war between the United States and China, one notable exception stood out: 31 critical minerals, including rare earth elements, were strategically exempted from tariffs.

The Conversation

Thailand’s fragile democracy takes another hit with arrest of US academic

Despite the challenges faced by local democratic activists, Thailand has often been an oasis of relative liberalism compared with neighbouring countries such as Myanmar, Laos and Cambodia.

Al Jazeera

As Trump threatens tariffs, Vietnam scrambles to avert economic disaster

The Southeast Asian country is hoping for a reprieve from 46 percent duty, which would pummel its economy.

The Guardian - AU

Re-arm, reassure and spend big: how the Asia Pacific is responding to a new era under Trump

The US president has upset global norms in the space of weeks, spurring a flurry of defence spending, diplomatic overtures and offers to boost trade

The Independent UK

Ex-NYPD officer sentenced to 18 months after conviction for helping China stalk an expat

A former New York police sergeant has been sentenced to 18 months in prison in a U.S. case about China’s pursuit of critics abroad

The Independent UK

Chinese e-commerce sites Temu and Shein say they’re raising prices due to Trump tariffs

Temu and Shein say they plan to raise prices for U.S. customers starting next week

The Independent UK

Trump claims his tariffs are bringing in $2 billion a day - the actual figure is just a fraction of that

The federal agency that collects tariffs estimates the U.S. has made just $500 million from the taxes since April 5

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