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The Latest Breaking News from International Business Times

China Hawk Peter Navarro Has Trump's Ear

President Donald Trump's punishing tariffs on countries around the world, including a 104 percent increase in duties on China, bear the fingerprint of Peter Navarro, a Harvard-trained economist who has long warned against a rising Beijing.

International Business Times

How Tariffs In The EU Work

Customs duties, or tariffs, have become a political punching ball as the European Union prepares to respond to US President Donald Trump's recent offensive.

International Business Times

Hedge Fund Managers Are Aggressively Buying Biotech Stocks Despite Trump Hinting at Pharma Tariffs

While Donald Trump spared pharma companies from his tariff announcement last week, he revealed yesterday plans to announce tariffs on the industry soon.

International Business Times

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Gaza Rescuers Say 23 Killed In Israel Strike On Residential Block

Gaza's civil defence agency said an Israeli strike on a residential building in Gaza City killed at least 23 people Wednesday, most of them children or women, as the military said it targeted a "senior Hamas" militant.

International Business Times

'Catastrophe': Volkswagen Town Rattled By Trump Trade War

The dour mood at Germany's crisis-hit auto giant Volkswagen has given way to angst and fury as US President Donald Trump has escalated a trade war against friends and foes alike.

International Business Times

Russia Demands France Explain Detention Of Government Employee

Russia said Wednesday that it was waiting for "explanations" from France after a Russian government employee was detained for hours at a Paris airport in what it called a "shameful spectacle".

International Business Times

Race To Save Sweden's 17th Century Warship In Preservation Project

A Swedish museum has launched a massive four-year project to preserve the sagging hull of the Vasa, a majestic warship that sank nearly 400 years ago and is now one of Sweden's most popular tourist attractions.

International Business Times

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Greek General Strike Hits Transport And Commerce

More than 15,000 people took to the streets in Greece on Wednesday in the second 24-hour general strike this year, calling for higher wages to match the rising cost of living.

International Business Times

How The EU Is Responding To Trump's Trade Assault

Hit by three waves of painful US tariffs since President Donald Trump returned to office, the European Union's response has been a high-wire act, balancing calibrated retaliation with a push for negotiations to avert an all-out trade war.

International Business Times

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

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

DOJ Probes Cal-Maine Foods Over Soaring Egg Prices

Egg prices have dropped recently from their all-time highs, but they're still 60% higher than they were a year ago, with wholesale prices at about $3 per dozen, according to the USDA.

International Business Times

Trump Administration Reinstates Some Foreign Aid Programs After WFP Warns Of Deadly Consequences: Report

Sources with knowledge of the matter said Jeremy Lewin, the acting deputy administrator of the U.S. Agency for International Development (USAID), instructed the staff Tuesday to reverse the termination of multiple foreign aid programs.

International Business Times

Thailand Revokes Visa Of US Academic Charged With Royal Insult

Thailand's immigration authorities revoked the visa Wednesday of a prominent American scholar detained a day earlier on royal defamation charges, his lawyer said.

International Business Times

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International Business Times

India Readies For US Extradition Of Mumbai Attacks Suspect

Indian authorities are readying for the extradition from the United States of a man that New Delhi accuses of helping plan the 2008 Mumbai siege that killed 166 people.

International Business Times

Migrants Are Being Increasingly Detained During Routine ICE Check-Ins As Deportations Increase: Investigation

A new investigation by The Guardian reveals migrants are being increasingly taken into custody at routine ICE check-ins as Trump's mass deportation increase.

International Business Times

Google Cloud Facilitates AI Surveillance Along U.S.-Mexico Border Despite Prior Denials: Report

In 2020, Google Cloud CEO told employees that the company was "not working on any projects associated with immigration enforcement at the southern border"

International Business Times

Hostage Families Fear Outcome Of Intense Israeli Strikes On Gaza

The mother of an Israeli soldier held hostage in Gaza longs for her son's return, fearing that Israel's renewed bombardment of the territory puts his life at even greater risk.

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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.

International Business Times

Virginia Shooting: At Least 3 Dead, 3 Injured In Spotsylvania County, Suspect On The Run

The Spotsylvania County Sheriff's Office (SCSO) continues an intensive manhunt for the suspect or suspects, who are considered armed and dangerous.

International Business Times

Some US Consumers In 'Survival Mode' As Trump Tariffs Arrive

American consumers braced for pain even ahead of President Donald Trump's hefty tariffs on imported products, which came into effect overnight Tuesday into Wednesday.

International Business Times

US Takes Aim At Zuckerberg's Social Media Kingdom

Barring any eleventh-hour intervention, social media juggernaut Meta will stand trial next week facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors.

International Business Times

Vietnam, Spain Pledge To Upgrade Ties After Tariff Shock

The leaders of Spain and Vietnam pledged on Wednesday to upgrade ties to the highest level, as the two countries attempt to manage the fallout from enormous tariffs imposed by Washington.

International Business Times

Trump China Tariffs Hit Crypto Hard: $BTC At $75K, $ETH Below $1,500, $XRP At $1.77

President Trump's new tariffs on China are hurting crypto real hard as the world's largest cryptocurrency by market cap plunged to $75,000—thousands of dollars far from its all-time high of $108,000 on Inauguration Day 2025.

International Business Times

India Central Bank Cuts Interest Rates As Trump Tariffs Kick In

India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".

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