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The Latest Breaking News from China

The 14 Fortune 500 stocks most exposed to the tariff war: Target, Polaris and more

Other companies hit hard include a medical device maker, a semiconductor firm and the maker of Vans sneakers.

Fortune

As US and China escalate trade war, the world asks, ‘Who will blink first?’

US President Donald Trump says ball is in China’s court, but analysts say Beijing is prepared to withstand trade war.

Al Jazeera

Crude Prices Climb on Possible De-Escalation of US-China Trade Tensions

May WTI crude oil (CLK25 ) today is up +1.27 (+2.07%), and May RBOB gasoline (RBK25 ) is up +0.0139 (+0.69%). Crude oil and gasoline prices today are moderately higher. Today's slide in the dollar is supportive of crude prices. Also, the prospects of de-escalating US-China trade tensions are positive...

Barchart

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AMD takes $800M haircut as US gov't cuts off China's AI GPU supply

AMD is projected to write off $800 million because of expanded export restrictions on AI chips.

Tom’s Hardware

Trump Ordered Staffers to 'Make Sure' Musk Didn't Attend China Talks After Briefing Plans Were Leaked: Report

President Donald Trump allegedly enlisted the help of senior staff to prevent Elon Musk from attending a classified briefing about China.

Latin Times

Lib Dems urge ministers to suspend China visit after MP blocked from Hong Kong

Sir Ed Davey has written to Foreign Secretary David Lammy, urging the Government to take steps in retaliation for Wera Hobhouse’s deportation.

Evening Standard

Stocks Extend Losses on Cautious Powell Remarks

The S&P 500 Index ($SPX ) (SPY ) today is down -2.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -3.29%. June E-mini S&P futures (ESM25 ) are down -2.16%, and June E-mini Nasdaq futures...

Barchart

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Nvidia Shares Fall on a $5B Charge as New US Export Rule Restricts H20 Chip Sales to China

Shares of Nvidia and its suppliers concentrated in Asia dropped after Trump imposed a new export license requirement that would lead to an estimated $5.5 billion charge on the chipmaker's Q1 balance sheet.

International Business Times UK

Anti-China rhetoric over British Steel is absurd, says country’s embassy

A spokesperson for the embassy said individual UK politicians have shown ‘arrogance, ignorance and twisted mindset’.

Evening Standard

Nvidia Shares Drop As Chipmaker Faces $5.5 Billion Impact From China Export Restrictions

Wall Street fell in opening deals, with Nvidia shares tanking by more than six percent, and the dollar and US government bonds were under pressure again.

International Business Times

'China’s Elon Musk' uses just two numbers to demonstrate why his country’s auto industry is now outcompeting the U.S. and Europe

He Xiaopeng used two numbers to describe the breakneck pace of EV innovation in China.

Fortune

Dollar Falls and Gold Soars to a Record as US-China Trade War Escalates

The dollar index (DXY00 ) today is down by -0.70%. The dollar is under pressure today as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia from selling its H20 chips to China. The US tariff turmoil diminishes the dollar's reserve-currency status...

Barchart

WTO: Trump's tariff policies could force global trade slide in 2025

According to the WTO, US President Donald Trump's shifting tariff policies could decline global trade by 0.2% this year.

Euronews

Nvidia leads decline in technology stocks, dragging Wall Street lower

Nvidia pulled Wall Street lower on Wednesday after the tech giant said new restrictions on exports to China will chisel billions of dollars off its results.

Euronews

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Latin Times

China Outlines What It Wants From The Trump Administration Before Negotiating Tariffs

Beijing said it wants to see more respect from the U.S. and a more consistent position before engaging in tariff negotiations

Barchart

Stocks Retreat on Weakness in Chip Makers

The S&P 500 Index ($SPX ) (SPY ) today is down -1.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.98%. June E-mini S&P futures (ESM25 ) are down -1.25%, and June E-mini Nasdaq futures...

Barchart

US-China Trade Tensions Are Bullish for June Euro Futures. Here Are the Levels to Watch Before You Buy.

Elevated U.S.-China trade tensions are bearish for the U.S. dollar and bullish for the Euro.

The Guardian - US

The mysterious firing of a Chinese professor has Asian students on edge: ‘Brings chills to our spines’

Xiaofeng Wang was fired by Indiana University on the same day as an FBI raid – but he hasn’t been charged with a crime

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The Independent UK

World Trade Organisation says global trade could slide this year because of Trump’s tariff policies

‘Enduring uncertainty threatens to act as a brake on global growth’ says international trade forum

The Independent UK

Former MLS star Aaron Boupendza dies after falling from building in China

Boupendza played against the likes of Lionel Messi and Sergio Busquets while at FC Cincinnati

The Independent UK

US tariffs bring stalled shipments and uncertainty for Chinese exporters

Exporters at China’s largest trade fair are facing uncertainty, stalled shipments and lower sales forecasts due to the trade war with the United States

TechRadar

Nvidia says US chip tariffs mean it faces multi-billion dollar hit

Nvidia expects $5.5 billion in export-related costs for its H20 products alone in the first fiscal quarter.

RideApart

Who the Heck Is CFLite Motorcycles and Why Is It So Important?

Let’s talk about CFMoto for a second. What started out in Hangzhou, China in the late ‘80s as a humble manufacturer of engines and parts is now one of the fastest-growing motorcycle brands in the world. These days, they’re not just playing catch-up—they’re competing head-on with the big names. With…

The Guardian - UK

Trump tariffs will send global trade into reverse this year, warns WTO

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’

The Guardian - UK

China accuses UK politicians of ‘arrogance’ in British Steel row

Embassy criticises ‘slandering’ of Chinese government and defends Jingye over furnaces dispute

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