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The Latest Breaking News from China

Crude Rallies as President Trump Threatens Additional Tariffs on Russian Crude Exports

May WTI crude oil (CLK25 ) today is up +1.83 (+2.64%), and May RBOB gasoline (RBK25 ) is up +0.0380 (+1.69%). Crude oil and gasoline prices today are sharply higher, with crude posting a 5-week high and gasoline posting a 7-month nearest-futures high. Crude is climbing today after President Trump...

Barchart

Stocks Slump on Fears Tariffs Will Derail the Economy

The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.53%. June E-mini S&P futures (ESM25 ) are down -0.64%, and June E-mini Nasdaq futures...

Barchart

China Property Giant Vanke Reports Annual Loss Of $6.8 Bn

Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive the housing market.

International Business Times

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Global Equity Markets Slide on US Tariff Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -1.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.30%. June E-mini S&P futures (ESM25 ) are down -1.29%, and June E-mini Nasdaq futures...

Barchart

What is a ‘revisionist’ state, and what are they trying to revise?

Once upon a time, “revisionist power” was a term reserved for nations trying to overturn the postwar liberal order – the usual suspects being countries like Russia, China or Iran.

The Conversation

China's telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024

Chinese telecoms gear giant Huawei says its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologies

The Independent UK

China's foreign minister visits Russia amid uncertainty around Ukraine ceasefire

While Beijing has publicly maintained a neutral stance, China continues to provide diplomatic and economic support to Russia.

Euronews

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Lewis Hamilton’s win in China ‘not good’ for relationship with Charles Leclerc, says former F1 champion

Hamilton won the sprint race in China, claiming his first victory in the red of Ferrari

The Independent UK

‘Liberation Day’ is coming: Trump has put broad-based sanctions on ‘all countries’ on the table

These are some of the tariffs President Trump has threatened against the likes of Europe and China, as well as Wall Street’s reaction.

Fortune

Why is Trump ‘very angry’ with Putin and who will secondary tariffs hurt?

Putin’s refusal to accept Zelenskyy’s legitimacy has upset Trump. His threatened sanctions could unsettle oil markets.

Al Jazeera

Stocks Set to Open Sharply Lower as Tariff Worries Sour Risk Sentiment, U.S. Jobs Data and Powell’s Remarks Awaited

June S&P 500 E-Mini futures (ESM25) are down -1.01%, and June Nasdaq 100 E-Mini futures (NQM25) are down -1.21% this morning as risk sentiment took a hit ahead of U.S. President Donald Trump’s deadline for a new round of comprehensive global trade tariffs.

Barchart

China and India to face brunt of Trump tariff threat against Russian oil buyers

‘Very angry’ Trump says he will punish all buyers of Russian oil if he believes Putin is scuppering a ceasefire deal on Ukraine

The Independent UK

Liverpool announce pre-season tour in Hong Kong, China and Japan

The Reds are heading to Asia for the first time since 2023 and will face AC Milan

The Independent UK

Venezuela to Increase Oil Exports to One Of Its Top Buyers Despite U.S. Sanctions Threat

The Trump administration threatened on Monday to impose 25% tariffs to countries that buy oil or gas from Venezuela

Latin Times

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Al Jazeera

As the US and China lock horns, Malaysia hopes to harness an AI revolution

The Southeast Asian country is betting big on tech as it sits out the rivalry between Washington and Beijing.

The Guardian - AU

Ukraine war briefing: Trump sanctions threat on Russian oil buyers could hit China, India

Trump threatens Putin over ceasefire; Russia claims it has taken control of a Donetsk village. What we know on day 1,132

International Business Times

Clock Ticks On Trump's Reciprocal Tariffs As Countries Seek Reprieve

The clock is ticking down to Donald Trump's "Liberation Day" when the US president has threatened to unleash a wide range of tariffs against countries running persistent trade imbalances with the United States.

International Business Times

What Happens On Trump's 'Liberation Day' And Beyond?

US President Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising "Liberation Day" on Wednesday with action targeting countries that have persistent trade gaps with his country.

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Fortune

How DeepSeek erased Silicon Valley's AI lead and wiped $1 trillion from U.S. markets

Wall Street and Silicon Valley crowed that China would always be years behind the U.S. Here's why they were wrong.

The Independent UK

US Defense Secretary Pete Hegseth vows to stand with Japan in face of ‘aggressive’ China

US Defense Secretary Pete Hegseth has said America is “ready to stand shoulder to shoulder” with Japan, adding that the two countries “stand firmly together” against “aggressive and corrosive actions” from China.

Investors Business Daily

Tesla Rivals BYD, XPeng, Xiaomi Report Surging Deliveries As China EV Sales Roll In

Tesla rivals BYD, XPeng and Xiaomi deliveries stood out in Q1, with Nio, Li Auto and Zeekr also reporting rising China EV sales vs. Q1 2024.

Radio France Internationale

French cognac producers toast 3-month reprieve from Chinese tariffs

Foreign Minister Jean-Noel Barrot has secured a temporary reprieve for French cognac makers during his visit to China, delaying additional customs duties for three months.

International Business Times

Pentagon Chief Says US Will Ensure 'Deterrence' Across Taiwan Strait

The United States will ensure "robust, ready and credible deterrence" across the Taiwan Strait, US Defense Secretary Pete Hegseth said Sunday, calling China "aggressive and coercive".

International Business Times

China, South Korea And Japan Agree To Strengthen Free Trade

China, South Korea and Japan agreed Sunday to strengthen free trade in the face of a raft of new tariffs imposed by US President Donald Trump.

International Business Times

US, China Raise The Stakes In Panama Canal Ports Row

China's fury at the sale of Panama Canal ports to a US-led consortium reflects how container hubs have become prized currency as Beijing and Washington vie for global influence, analysts say.

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