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The Latest Breaking News from China

Boeing will find it ‘relatively easy’ to find customers for China’s rejected planes, says jet leasing CEO

Boeing planned to complete 50 orders for Chinese customers this year but is now assessing options as China refuses Boeing plane deliveries owing to the trade war.

Fortune

‘Very problematic’: US apparel bosses say Trump’s tariffs will hurt Americans

The president aims to boost US manufacturing, but insiders warn tariffs will increase costs and destroy businesses

The Guardian - US

Trump’s trade war has already sparked a massive cancellation of shipments from China to the U.S.

The Port of Los Angeles, the largest port in the U.S., predicts a 35% drop in shipments, nearly all from China, in a matter of weeks.

Fortune

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Don't Make 'Disappointing' Retreat On Climate, COP30 CEO Urges EU

Europe is "absolutely vital" to the fight against global warming and its leadership must not waver as climate ambition backslides elsewhere, the CEO of November's COP30 summit in Brazil told AFP. In an interview in Paris, Ana Toni urged the European Union to unite around a strong emissions reduction target…

International Business Times

Apple plans to shift all US-bound iPhone production from China to India in response to Trump tariffs

Tariffs are starting to see major companies react with changes to their supply chains and production locations

The Independent UK

China's Top Leaders Pledge Economic Support As Trade War Rages

China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump.

International Business Times

Apple to move production of US iPhones from China to India over tariffs – report

Experts have already warned the price of electronics generally, and not just Apple products, are likely to rise.

Evening Standard

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Apple ‘aims to source all US iPhones from India’, reducing reliance on China

Report suggests tech firm – swept up in Donald Trump’s trade war – will make change as soon as 2026

The Guardian - UK

China Says Wind And Solar Energy Capacity Exceeds Thermal For First Time

China's wind and solar energy capacity has surpassed that of mostly coal-powered thermal for the first time, the national energy body said Friday.

International Business Times

California overtakes Japan as the world’s fourth largest economy

Governor Gavin Newsom relished in his state’s economic prowess but lambasted President Trump’s ‘reckless tariff policies’

The Independent UK

The truth about the dollar’s decline: ‘You’ll either have to raise prices, or lower profits’

Also: Trump insists he is talking to China, Apple will move iPhone production to India.

Fortune

US revokes policy restricting subpoenas of reporters’ phone records – as it happened

Pam Bondi, US attorney general, says conduct of federal employees who leak information to media is ‘treasonous’. This blog is now closed.

The Guardian - US

Xi announces plan for Chinese economy to counter impact of US trade war

Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products

The Guardian - UK

OPPO Find X8 Ultra vs. Samsung Galaxy S25 Ultra: It's not even a contest

With the Find X8 Ultra, OPPO has one of the best overall packages of 2025. Thanks to outstanding cameras and excellent tuning, the phone destroys the Galaxy S25 Ultra in key areas.

Android Central

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The Guardian - UK

Trade war fears hammer US consumer expectations; FTSE 100 in longest winning run since 2019 – as it happened

Rolling coverage of the latest economic and financial news

Euronews

Trump claims meeting with China after Beijing denies any trade negotiations

Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.

The Independent UK

Negotiations between Iran and the US over Tehran's nuclear program return to secluded Oman

Negotiations between Iran and the United States over Tehran’s rapidly advancing nuclear program will return Saturday to the secluded sultanate of Oman

The Independent UK

‘I’ll hook you up to a f***ing polygraph test,’ a furious Hegseth told acting chair of the Joint Chief of Staff in hunt for leak: report

Hegseth threatened top staff with polygraph tests following reports that the Pentagon invited Elon Musk for a briefing on China

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The Independent UK

Automakers focus on the global market, chide the US over tariffs at Shanghai's auto show

Booths of big Chinese, German and Japanese automakers are bustling at Shanghai's auto show as the industry keeps its sights on the wider global market not subject to steep U.S. tariffs on imports of cars and auto parts

Barchart

Grain Rally Mystery: Why Are Soybeans, Corn, and Wheat Bucking the Trend?

In an interview on AgWeb's Markets Now, Darin Newsom of Barchart discussed the surprising grain market rally led by soybeans despite negative China trade news, a potential corrective bounce in corn with weak basis, and a likely bear trap in wheat, while also touching on the bullish cattle market's connection…

The Guardian - US

California’s economy surpasses Japan’s as it becomes fourth largest in world

State’s nominal GDP reaches $4.1tn, edging out Japan’s $4.02tn, ranking it behind the US, China and Germany

The Independent UK

Zeekr car brand coming to the UK next year with high-tech luxury

New European-designed, Chinese-made car company set to rival Audi, BMW and Mercedes

Barchart

Stocks Finish Sharply Higher on Tech Stock Strength and Fed Rate Cut Hopes

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +2.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +1.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.79%. June E-mini S&P futures (ESM25 ) are up +2.05%, and June E-mini Nasdaq...

International Business Times

Trump Trade Deals Appear Distant As Tariff Tensions Simmer

US President Donald Trump's promises of securing trade deals with major partners took another blow Thursday, with a French minister saying an agreement with the EU was "a long way" off and China insisting talks had not even started.

Barchart

Dollar Weakens as Tariff Concerns Persist

The dollar index (DXY00 ) Thursday fell by -0.49%. The dollar posted moderate losses Thursday because of concerns that the US-China trade war will drag on after China said there were no talks on reaching a trade deal with the US. Also, Treasury Secretary Bessent said President Trump hasn't offered...

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