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The Latest Breaking News from China

America's Passion For Tariffs Rarely Pays Off, Economists Warn

Long before Donald Trump's "Liberation Day" announcement, the United States had toyed with imposing high tariffs throughout its history, with inconclusive -- and sometimes catastrophic -- results.

International Business Times

Trump's Global Tariff Takes Effect In Dramatic US Trade Shift

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy.

International Business Times

European and US markets continue to drop after Trump's global tariffs

Global markets continue to experience sharp decline after Trump announced blanket tariffs on US imports of products from more than 180 countries and territories, ranging in severity from 10% to more than 50%.

Euronews

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US Soybeans, Energy: Who Is Hit By China's Tariff Retaliation?

US agricultural exports, fuels and manufactured goods are set to take a hit from China's blanket retaliation against President Donald Trump's sharp tariffs, with both sets of measures due to take effect next week.

International Business Times

What are anti-dumping laws and why does Australia need them?

Trump’s tariffs could lead to cheap imports being ‘dumped’ on our shores. But is that always bad?

The Guardian - AU

A TikTok Deal Was Within Trump's Grasp. Then He Placed Tariffs on China

Donald Trump was reportedly just within reach of completing a TikTok deal. But that came to a halt after he placed tariffs on China.

International Business Times

Farmers fear tariffs could cost them one of their biggest markets in China

Heading into this year, most U.S. farmers were hoping to break even or maybe record a small profit

The Independent UK

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Trump extends deadline for TikTok sale to non-Chinese buyer to avoid ban

Deadline set by US president was supposed to be Saturday, with Trump now considering decreasing tariffs to get deal

The Guardian - US

US stock markets continue slump as China hits back on Trump tariffs

Top indices see worst two-day stretch since COVID pandemic, as Fed chair warns of increased inflation and unemployment.

Al Jazeera

Trump order gives TikTok a 75-day extension after US buyer talks sour over tariffs on China

The Chinese-owned platform was facing a ban in the US in January but Donald Trump granted an extension in order to broker new American ownership.

Euronews

Trump's Longtime Obsession With Trade Deficits Suggests His Tariffs Won't End Soon

Although the president's pride in his negotiation skills could save us, it is hard to see what sort of deal would address his grievance about the consequences of economic freedom.

Reason

Stock Plunge as Trade War Escalates

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -5.97%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -5.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -6.07%. June E-mini S&P futures (ESM25 ) are down -6.38%, and June E-mini Nasdaq futures...

Barchart

Prince Andrew twice spoke to King Charles 'secretly' about alleged spy-linked fund

THE Duke of York and his former adviser twice went to Windsor “without being seen” to talk to the King about an investment fund linked to an…

The National (Scotland)

Republican Lawmaker Ridiculed for Suggesting Ditching China's 'Cheap Goods' Will Help Families: 'Kids Don't Need Toys, They Need Tariffs'

Rep. Riley Moore defended Donald Trump's escalating trade war with China, claiming higher prices on imported goods will be worth it for American families.

Latin Times

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Reason

NCLA Files Lawsuit Challenging Trump's IEEPA Tariffs Against China

The lawsuit raises nondelegation and major questions doctrine arguments.

Barchart

‘Welcome to the New World’: How to Play Hard-Hit RH Stock as CEO Says the Company Isn’t ‘Going to Do Anything Right Now’ in Response to Trump’s Tariffs

RH stock crashed this week as Trump announced steep new tariffs on China and Vietnam. But a deeper dive suggests RH shares may be worth buying at current levels.

Barchart

Dollar Rebounds on US Labor Market Strength and Hawkish Powell

The dollar index (DXY00 ) Friday rose by +1.06%. The dollar on Friday recovered from early losses and rallied moderately, rebounding from Thursday’s 6-month low. Short covering emerged in the dollar Friday after US March payrolls rose more than expected, a hawkish factor for Fed policy. The dollar added to...

International Business Times

Trump Tariffs Offer Opportunity For China

In unleashing global tariffs, President Donald Trump has vowed to remake the world to benefit US workers.

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Al Jazeera

Trump again extends deadline for TikTok sale to avoid US ban

President Donald Trump pauses enforcement of law requiring Bytedance to divest from TikTok or face ban in the US.

Fortune

'China plus one' bets unravel as Southeast Asian economies get steep 'Liberation Day' tariffs

Companies that embraced supply-chain diversification by moving some operations to economies geographically close to China now face an array of bad options.

TechRadar

‘Possible, but not probable': analysts react to rumors of a $2,300 iPhone after Trump tariffs

The announcement of heavy US tariffs across the world has caused alarm, including some murmurs suggesting the price of the iPhone could rise past $2,000 – we’ve checked in with industry analysts to explain why that’s probably not the case.

Evening Standard

Andrew and aide twice spoke to King about alleged spy-linked fund, tribunal told

Buckingham Palace said alleged spy Yang Tengbo was not mentioned in any way in discussions about the Eurasia Fund.

The Independent UK

King Charles dragged into Prince Andrew spy scandal

Senior adviser to Duke of York claims monarch was aware of investment fund in which Yang Tengbo, an alleged spy, was directly involved after meetings with Andrew – but Buckingham Palace say Tengbo was not mentioned

The Independent UK

Fox News debuts amazing new spin on Trump tariffs: It’s the ‘audit that we need’

Emily Compagno declared on Friday that she is ‘grateful for a commander-in-chief’ who is willing to engage in this global trade war.

Fortune

Dow crashes 2,200 points and Nasdaq falls into bear market territory as stocks extend selloff after Powell signals no imminent rate cuts

The Dow Jones Industrial Average, the S&P 500, and the Nasdaq continued their selloff Friday after Trump’s “Liberation Day” tariffs.

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