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The Latest Breaking News from China

London's FTSE 100 slumps again as China retaliates against Trump's tariffs

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Evening Standard

China unlikely to blink first as Trump’s trade war enters uncharted new territory

Since Trump’s first trade war with China in 2018, Beijing has ramped up trade with other countries, making it less dependent on the US

The Guardian - AU

Beijing ups diplomatic pressure on Africa as the US pulls back

Chinese diplomats threatened to cancel a summit and called top officials in two African countries to pressure lawmakers to quit an international parliamentary group critical of China, officials from the group told The Associated Press

The Independent UK

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At least 20 dead in huge fire at nursing home in China

At least 19 people suffered injuries and were taken to nearby hospital

The Independent UK

The Latest: Asia shares sink as US tariffs take effect

Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a 104% levy on Chinese imports, went into effect

The Independent UK

What to watch for as Trump’s ‘reciprocal’ tariffs kick in

Trump says he is open to making deals but his disdain for trade deficits makes compromise a challenge, analysts say.

Al Jazeera

Equities Resume Selloff As Trump Cranks Up Trade War

Equities and oil plunged again Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent as sweeping measures against the United States' dozens of partners are set to come into effect.

International Business Times

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Albanese beats drum on economy as trade clouds gather

Fresh off a narrow debate victory, the prime minister has embraced the sights and sounds of Chinatown while spruiking the economy.

AAP

Chinese-Australian voters were key to Labor’s win in 2022. Are some now swinging back to the Liberals?

Chinese-Australian voters were pivotal to Labor’s win in the 2022 election, with the swing against the Liberals in several key marginal seats almost twice that of other seats.

The Conversation

Asian shares deepen losses after another Wall St retreat as tariffs due to take effect

Asian shares have opened lower as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, is due to take effect

The Independent UK

Trump says tariff situation ‘is great’ for midterms as markets continue to tumble

President continues to claim — falsely — that tariffs are paid by foreign governments instead of by American importers who pass them on to consumers in the form of higher prices

The Independent UK

‘We will have to raise prices’: gloom and resolve in Yiwu, on China’s trade war frontline

At the world’s largest wholesale market, vendors have reduced their exposure to the US but fear the repercussions of a global economic shock

The Guardian - AU

US Will Not Let China Disrupt Panama Canal: Pentagon Chief

The United States will not allow China to jeopardize the operations of the Panama Canal, US Defense Secretary Pete Hegseth warned during a visit to the Central American nation on Tuesday.

International Business Times

Republicans look for an exit ramp on tariffs

Some Republicans are proposing dueling legislation to rein in Donald Trump’s tariffs. But many still need to keep in mind the president’s appeal to their voters

The Independent UK

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The Independent UK

Spyware accessing phone audio and cameras for data ‘of use to China’, NCSC warns

The apps inside legitimate software in a technique known as trojanising, cyber experts warn.

The Independent UK

World bracing for market turmoil after US hits China with 104% tariffs in midnight ultimatum

China vows to ‘fight to the end’ in trade war, accusing Trump of ‘blackmail’ and ‘economic bullying’

Barchart

Grain Market Update: Volatility Reigns and a Skeptical View on Trade

Barchart's Darin Newsom analyzed the current volatile markets, highlighting uncertainty in grains with a focus on global demand and competition, a bullish livestock sector, a skeptical view of the US-China trade war, and concerns about potential economic downturn linked to consumer spending.

Latin Times

China Denounces Vance's 'Chinese Peasant' Comment: His 'Words Lack Knowledge and Respect'

China responded to the vice president's comment, which he made during a Fox News interview while defending the Trump administration's new tariff policy.

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Barchart

Stocks Tumble as US-China Trade War Set to Escalate

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -1.57%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.95%. June E-mini S&P futures (ESM25 ) are down -1.58%, and June E-mini Nasdaq futures...

Latin Times

Dow Loses Hundreds of Points in Minutes as Trump Advisor Proclaims Tariffs Will 'Force China to Come to the Table'

The Dow Jones Industrial Average lost hundreds of points while Trump administration Homeland Security Advisor Stephen Miller was actively on air during a televised interview where he stated that the implementation of tariffs would force cooperation from other countries.

The Guardian - AU

Morning Mail: Trump slaps China with 104% tariffs, first leaders debate washup, and what happened to the Bogong moths?

White House refuses to back down on incoming tariffs; Anthony Albanese and Peter Dutton go head-to-head in their first leaders debate

The Independent UK

China hits back at JD Vance after he calls workers there ‘peasants’ amid tariff standoff

‘It is surprising and sad to hear the vice president say such ignorant and impolite words,’ says foreign ministry spokesperson

The Independent UK

China reportedly considering ban on Hollywood films in response to Trump tariffs

The White House has said China will be hit with a tariff rate of 104 percent from tomorrow

The Conversation

Bringing manufacturing back from overseas isn’t an easy solution to Trump’s trade war

The past week has seen the United States single-handedly rewrite the underlying paradigm for global trade. And while it is fair to say that the methods are extreme, the underlying goal of the policy is not unique to the US.

Barchart

Dollar Weakens as US Threatens Retaliatory Tariffs on China

The dollar index (DXY00 ) Tuesday fell by -0.40%. The dollar was under pressure Tuesday because of concerns that a global trade war could derail the economy and force the Fed to cut interest rates. President Trump said he would boost tariffs on China by 50% if it doesn’t remove...

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