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The Latest Breaking News from China

Donald Trump announces 90-day tariff pause for most nations

US PRESIDENT Donald Trump has abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125…

The National (Scotland)

Trump Tariffs: The President Just Backed Down — Except For China; S&P 500 Screams Higher

Reciprocal tariffs above 10% will be paused, except vs. China, sending the S&P 500 soaring.

Investors Business Daily

Stocks Surge as Trump Increases Tariffs On China Even Further, Pauses Them For Non-retaliating Countries

Donald Trump further raised tariffs on China to 125% and announced a "pause, and a substantially lowered reciprocal tariff" to countries that have not imposed retaliatory measures on the U.S.

Latin Times

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Trump Hikes China Tariffs To 125%, Pauses Tariffs on Other Nations Amid Market Turmoil

China's Finance Ministry has criticized the U.S. move, calling it a "mistake on top of a mistake."

International Business Times

Apple sheds $700 billion as Microsoft regains the world's most valuable company title — amid President Trump's steep tariffs on Chinese imports

Apple loses the most valuable company in the world to Microsoft, following the rollout of President Donald J. Trump's imposed tariff on imports from over 60 countries, including China.

Windows Central

China retaliates with 84% tariff on US imports in response to Trump's 104% tariff

Beijing hit back against Trump's 104% tariffs by increasing its own taxes on U.S. imports to 84%.

Tom’s Hardware

Whoopi Goldberg lambasts Trump tariffs on The View: ‘Not what the American people want’

‘The View’ co-host expressed her bafflement about Trump’s international trade war

The Independent UK

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Tariffs might not raise iPhone prices right away, but building the iPhone in the US almost certainly will

Apple building your next iPhone in the US would almost certainly make it more expensive, and would likely be a disaster.

TechRadar

Pentagon Chief In Panama Vows To Counter China 'Threat'

US Defense Secretary Pete Hegseth said Wednesday during a visit to Panama that the United States does not seek war with China, but will counter what he called the threats it poses in the Americas.

International Business Times

Shark Tank's Kevin O'Leary Urges Trump to Escalate Tariff Standoff With China Even Further: 'Its Time to Squeeze'

Kevin O'Leary urges the U.S. to impose 400% tariffs on China, accusing the government of rampant intellectual property theft.

International Business Times

China's Chang'e 6 lunar samples suggest our moon is debris from an ancient Earth impact

Analysis of samples brought back from the farside of the Moon by the Chang'e 6 mission have found the water content of the lunar farside mantle is much more depleted compared to the nearside.

Space

Facebook whistleblower testifies that company undermined national security by working with China

Meta executives ‘lied about what they were doing with the‬ ‭Chinese Communist Party to employees, shareholders, Congress and the‬‭ American public,’ Sarah Wynn-Williams told a Congressional subcommittee

The Independent UK

Markets Slide As U.S.-China Trade Fight Escalates

The tariffs now cover nearly all U.S. trading partners and have sparked fears of a global recession.

International Business Times

Trump says pharmaceutical tariffs are coming ‘very shortly.’ How will this impact the price of drugs?

‘We're going to be announcing very shortly a major tariff on pharmaceuticals. And when they hear that, they will leave China,’ president says at Republican fundraiser

The Independent UK

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International Business Times

Trump Tells US To 'Be Cool' As China, EU Strike Back

US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.

The Independent UK

The Latest: Trump’s latest round of tariffs go into effect

President Donald Trump has launched tariff wars with nearly all of America's trading partners

Radio France Internationale

Former French pilot suspected of sharing defence intelligence with China

A French former naval fighter pilot is under investigation over allegations he shared sensitive military information with Chinese authorities during two training trips to China.

The Guardian - US

White House insists iPhones will be US-made – but Apple calls it a non-starter

Experts doubt Trump line that tariffs and company’s $500bn investment will shift manufacturing from Asia

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Barchart

Worsening US-China Trade War Hammers Crude Prices

May WTI crude oil (CLK25 ) today is down -2.47 (-4.15%), and May RBOB gasoline (RBK25 ) is down -0.0909 (-4.56%). Crude oil and gasoline prices today extended their week-long plunge, with crude posting a 4-year low and gasoline posting a 7-month low. Crude prices have fallen more than -23%...

The Independent UK

Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

A subsidiary of a Hong Kong conglomerate, which is embroiled in U.S.-China tensions over its Panama Canal port assets has denied allegations that it had failed to pay about $1.2 billion to the Central American country

Euronews

Japan and NATO vow to deepen security ties to counter threats from China and Russia

"A stronger NATO will benefit Japan greatly," Prime Minister Shigeru Ishiba said at a press conference with Rutte, who was visiting Japan for the first time since becoming secretary general of the alliance in October.

The Guardian - UK

I’ve seen many phoney trade wars come and go. This is the real thing

This battle between the US and China goes far beyond market turmoil – it has killed off the liberal dream of a borderless world, says Guardian columnist Larry Elliott

Barchart

Stocks Search for Direction as China, Europe Retaliate on Tariffs

The S&P 500 Index ($SPX ) (SPY ) today is up +0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.33%. June E-mini S&P futures (ESM25 ) are up +0.67%, and June E-mini Nasdaq futures...

Barchart

Stocks Spike as Trump Announces 90-Day Tariff Pause

The S&P 500 Index ($SPX ) (SPY ) today is up +5.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +3.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +7.05%. June E-mini S&P futures (ESM25 ) are up +7.02%, and June E-mini Nasdaq futures...

Barchart

Stocks Pressured as US Trade War Escalates with Retaliatory Tariffs by China and EU

The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.18%. June E-mini S&P futures (ESM25 ) are down -0.60%, and June E-mini Nasdaq futures...

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