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The Latest Breaking News from China

Trump's US tariffs explained: what they are, how they work and who they affect

At 10 per cent, the UK has been promised the lowest US tariff rate so far

Evening Standard

China Slaps 84% Tariff On US Goods In Escalating Trade War

The move is a direct response to the United States' latest tariff hike, which added another 50% on Chinese imports earlier this week.

International Business Times

Comparing F1's pre-season pecking order to the first three races of 2025

Straight after pre-season testing for the 2025 Formula 1 season, Autosport predicted the team pecking order for the forthcoming campaign - naturally accounting for the usual obfuscations that the annual pre-season running often provides.

Autosport

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China Seeks To 'Tariff-proof' Economy As Trade War With US Deepens

Beijing has vowed to "fight to the end" against Trump's aggressive trade policy, with number two leader Li Qiang saying authorities were "fully confident" in the resilience of the Chinese economy.

Latin Times

Another economist cited by Trump to justify tariffs hits out: ‘It’s outrageous. They’re causing a recession’

The associate professor is one of many experts cited by the White House who is now criticizing Trump’s sweeping tariff hikes

The Independent UK

Beijing Consumers Mull Spending Habits As Tariffs Kick In

Chinese consumers in Beijing mulled their their spending habits and said they are prepared to forego American brands if that means avoiding the pinch from the escalating trade war with Washington.

International Business Times

Trump's trade war has taken a $700 billion bite out of Apple as people wake up to the reality of how expensive an iPhone will be under the new tariffs

Apple produces around 90% of its iPhones in China, according to Wedbush Securities analysts.

Fortune

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What the capture of Chinese soldiers says about Beijing’s role in Ukraine

NEWS ANALYSIS: The emergence of Chinese combatants in Donetsk – astutely publicised by Ukraine just as America is in a trade showdown with China – has illuminated the shadows of a very modern conflict, writes Michael Sheridan

The Independent UK

Will the Trump tariffs cause gadget prices to rise?

Experts have warned the price of devices including Apple’s iPhone could increase.

Evening Standard

How Trump’s Tariffs could hit your iPhone and Nintendo Switch

iPhone prices could rise in the United States by as much as 43%

The Independent UK

How about Trump tariff live updates — first major price increases hit big tech

President Donald Trump's tariffs been paused for some countries, and we're bringing you live updates on the impact across the tech world.

Tom’s Guide

Dramatic sell-off of US government bonds as tariff war panic deepens

Falling demand suggests loss of financial confidence in US as Donald Trump escalates trade standoff with China

The Guardian - UK

First Thing: Global stock markets slump as Trump’s tariffs take hold

Further tariffs including 104% on China take effect. Plus, conservative justice Amy Coney Barrett becomes target for Maga attacks

The Guardian - UK

What Asian countries hit hard by Trump’s tariffs are doing to save their economies

China refuses to bow to US pressure while other Asian nations urge negotiations to soften the blow

The Independent UK

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Barchart

S&P Futures Fluctuate as Trump’s Tariffs Take Effect, FOMC Minutes in Focus

June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning, swinging between gains and losses as U.S. President Donald Trump’s sweeping tariffs came into effect.

Barchart

S&P Futures Plunge as Trump’s Tariffs Take Effect, China Retaliates

June S&P 500 E-Mini futures (ESM25) are trending down -1.42% this morning as U.S. President Donald Trump’s sweeping tariffs came into effect and China hiked tariffs on U.S. goods.

The Independent UK

Beijing rejects Ukraine's claim significant numbers of Chinese troops are fighting alongside Russia

A Beijing official says Ukraine’s claim that significant numbers of Chinese nationals are fighting alongside Russia’s invading army in Ukraine is “totally unfounded.”

Euronews

China vows to fight tariffs to end and says trade with US is balanced

China again vowed to “fight to the end” against Donald Trump's tariffs in a lengthy policy statement published on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country's exports to the US came into effect.

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The Independent UK

India’s central bank cuts interest rates after Trump’s tariffs kick in

Reserve Bank lowers growth forecast after economists estimate US tariffs could shave 20-40 basis points off growth in world’s fifth-largest economy this year

The Independent UK

US to send long-range surveillance drones to Japan amid tensions in Taiwan

Drones to be sent for indefinite deployment to US air base on Okinawa’s Kadena island in coming weeks

Fortune

Lego opens a $1 billion factory in Vietnam as demand for its brick toys flourishes

Lego’s new Vietnam plant will help serve Asian markets in addition to its production site in Jiaxing, China, amid strong toy demand.

Euronews

What to know about the latest round of tariffs going into effect

US President Donald Trump has launched tariff wars with nearly all of America's trading partners. And there's no end in sight.

The Independent UK

China vows to fight tariffs to end, saying trade with US is already balanced

China again vowed to “fight to the end” against Donald Trump’s tariffs in a lengthy policy statement published Wednesday, while arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.S. came into effect

The Guardian - UK

S&P 500 sees one of biggest days since second world war after Trump levies pause – as it happened

Trump claims ‘China wants to make a deal’ after raising tariffs to 125%, while 90-day pause for most countries sparks market surge

International Business Times

China Pushes Back With 84% Tariff In Escalating Trade Clash with US

China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104% levies on its goods.

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