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The Latest Breaking News from China

Howard Lutnick says he hopes Trump's tariffs will eliminate China's 'army of millions and millions of human beings screwing in little, little screws to make iPhones' so they can be built in America by robots

The Commerce Secretary said the U.S. government would “protect” companies that “invest in America.”

Fortune

Trump threatens to add another 50% tariff on China—sending the total rate past 100%—unless it backs down from retaliation tomorrow

"Additionally, all talks with China concerning their requested meetings with us will be terminated!"

Fortune

Trump threatens additional 50% tariffs on China over retaliatory levies

President poised to further impose taxes after Beijing announced a 34% tariff on US imports as global markets fall

The Guardian - US

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Trump Advisors Struggle To Defend, or Even Explain, His Tariff Strategy

Members of the administration spent the weekend presenting contradictory defenses of Trump's economic policies.

Reason

Board game legends discuss concerns over extortionate 104% tariff potential on China-US imports

It could be a devastating blow to the board game industry

GamesRadar

Stocks Pressured by Global Trade War Fears

The S&P 500 Index ($SPX ) (SPY ) today is down -1.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.65%. June E-mini S&P futures (ESM25 ) are down -1.23%, and June E-mini Nasdaq futures...

Barchart

Trump threatens additional tax increase on Chinese imports as markets spiral amid trade war

Trump’s latest threats come as stock markets around the globe tanked in response to his unprovoked trade war with most of the world

The Independent UK

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Trump’s Tariffs Are Already Derailing The Auto Industry

President Trump urged Tesla CEO Elon Musk and his Department of Government Efficiency to use a “scalpel” and not a “hatchet” for agency cuts and firing thousands of American government workers. This approach seemingly does not apply to his tariff policies, which have smacked the auto industry like a hatchet.…

InsideEVs

Here’s one key thing you should know about Trump’s shock to the world economy: it could work

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain, says economist James Meadway

The Guardian - UK

German exports to the US grew in February as firms anticipated tariffs

The US was Germany's largest single trading partner last year, ahead of China. This marks the first time it has held this position in almost a decade.

Euronews

Global Equity Markets Sink on Tariff Turmoil

The S&P 500 Index ($SPX ) (SPY ) today is down -2.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.98%. June E-mini S&P futures (ESM25 ) are up +0.56%, and June E-mini Nasdaq futures...

Barchart

Jamie Dimon concerned Trump tariffs will leave the U.S. out in the cold

Jamie Dimon's annual letter to shareholders warned that Trump's tariffs may push America's former allies to rely more heavily on nations like China and Russia.

Fortune

Republican Rep. Says 'Russia And China Are Laughing At Us' Over Firing Of NSA Heads Over Far Right Activist Recommendation

Republican Rep. Don Bacon said "Russia and China are laughing" at the U.S. over the firing of Gen. Timothy Haugh, NSA director and head of the U.S. Cyber Command

Latin Times

Who’s getting hit by Trump's tariffs? Breaking down ‘Liberation Day’

Trump’s ‘Liberation Day’ tariffs dropped last week — here’s how they were determined, what they mean, and what’s next.

Euronews

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International Business Times UK

Global Financial Shock As Trump Declares Tariff War, Dismissing Market Losses As 'Necessary Evil'

President Trump defends his tariff 'medicine' as global markets lose £1 trillion ($1.3 trillion) in a savage sell-off. Is this bold or bonkers?

Fortune

Wall Street’s biggest Tesla bull just raised the white flag, blaming Elon Musk for slashing his price target nearly by half

"The demand destruction for Tesla and brand damage is real," wrote Wedbush Securities analyst Dan Ives.

Tom’s Hardware

China's rare earth export restrictions threaten global chipmaking supply chains

China's latest export restrictions on Scandium and Dysprosium threaten to disrupt global supply chains for major tech players, but also emphasize potential weaknesses of its anti-sanctions approach.

Euronews

China accuses US of 'economic bullying' as tariff dispute escalates

Beijing matched the 34% tariff rate and imposed countermeasures, including export restrictions on rare earth minerals and suspensions of select US agricultural imports.

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news in one place.

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Euronews

Week ahead: Investors brace for a major trade war as China retaliates

The week’s focus will be on any tariff updates from the Trump administration and retaliatory measures from other economies. Additionally, US and Chinese inflation data, as well as the Reserve Bank of New Zealand’s rate decision, will be in the spotlight for financial markets.

Latin Times

Market Panic Deepens As China Retaliates Against Trump Tariffs

Hong Kong's Hang Seng plunged more than 13 percent, its biggest drop since the 1997 Asian financial crisis, while in Japan the Nikkei 225 index fell an eye-watering 7.8 percent.

The Independent UK

China and neighbours at risk of catastrophic quakes as region enters new seismic phase, study claims

Study published days before Myanmar earthquake warns region has entered sixth seismic ‘active period’

Euronews

Tesla’s fall in Europe will only hand the keys to Beijing

With the US, the UK and much of Europe ramping up incentives for domestic production, no wonder China is scrambling to maintain its competitive edge, Saman Rizwan writes.

Barchart

Stock Index Futures Tumble as Tariff Turmoil Deepens, U.S. Inflation Data and Big Bank Earnings Awaited

June S&P 500 E-Mini futures (ESM25) are down -3.29%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.81% this morning as worries over the economic fallout of U.S. President Donald Trump’s sweeping tariffs continue to weigh on sentiment.

International Business Times

The Worst Market Crashes Since 1929

Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis.

Al Jazeera

Hong Kong stock market plunges most since ’97 crisis amid tariffs panic

Benchmark Hang Seng Index plummets as much as 13.74 percent in horror day for Asia’s markets.

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