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The Latest Breaking News from China

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

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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

NCLA Files Lawsuit Challenging Trump's IEEPA Tariffs Against China

The lawsuit raises nondelegation and major questions doctrine arguments.

Reason

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‘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...

Barchart

Trump Tariffs Offer Opportunity For China

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

International Business Times

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.

Al Jazeera

'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.

Fortune

‘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.

TechRadar

Trump Extends TikTok Ban Deadline A Second Time As Deal Chatter Swirls

The TikTok ban got another extension from President Trump, who said his administration is making progress on arranging a deal.

Investors Business Daily

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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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news in one place.

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The Independent UK

India's Modi in Sri Lanka on a 2-day state visit as concerns grow over China's influence

Indian Prime Minister Narendra Modi has begun a two-day state visit to neighboring Sri Lanka, where he is expected to sign several power and defense agreements

The Independent UK

Trump gives TikTok deal extension after China walked away from negotiations due to tariffs

Without a deal, TikTok would go dark in the United States on Saturday for more than 170 million users

International Business Times

Trump's Tariff Big Bang Puts Global Economy Under Threat

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.

PC Gamer

Board game publishers lament the devastating impact of new US tariffs on the tabletop industry: 'There is no silver lining. It is a lose-lose-lose situation for everyone involved'

The tabletop boom just stopped dead in its tracks.

The Guardian - UK

China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-off

The Independent UK

Global trade war intensifies and shares tumble as China hits back at Trump tariffs

FTSE 100 suffers worst losses since Covid-19 as Starmer weighs British response to fees on imports

Motor1

Here's How Automakers Are Reacting to Trump's Tariffs

The Trump Administration recently announced a 10-percent baseline tariff on all goods imported into the United States, including vehicles. Some countries will face even higher costs, with goods from China subject to 34-percent tariffs, and goods from the European Union subject to 20-percent tariffs.

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