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The Latest Breaking News from China

The Latest: Resolution to block Trump’s global tariffs is voted down by Senate

Senate Republicans narrowly voted down a Democratic resolution that would have blocked global tariffs announced by President Donald Trump earlier this month, giving the president a modest win as lawmakers in both parties have remained skeptical of his trade agenda

The Independent UK

8BitDo backs down after blaming tariffs for suspension of China warehouse shipments to the U.S.

8BitDo's China warehouse goods will cease being sent to the U.S., but we aren't sure about the permanence of this decision.

Tom’s Hardware

China ends sanctions on EU lawmakers as pressure grows over US trade war

China will lift sanctions on several Members of the European Parliament and the parliament’s Subcommittee on Human Rights, the EU’s top parliamentary official has said. The move comes as tensions rise over new US trade tariffs targeting both China and the EU.

Radio France Internationale

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Pandas and politics − from World War II to the Cold War, zoos have always been ideological

President Donald Trump’s sweeping range of more than 130 executive orders and other decisions aim to upend everything from long-standing immigration policy to the control of a performing arts center.

The Conversation

China lifts sanctions imposed on five lawmakers in 2021, EU Parliament says

China's decision to remove the sanctions comes as a rapprochement is under way between the EU and China, since US President Donald Trump imposed tariffs on Beijing in early April.

Euronews

Papal inauguration risks raising tensions between China and Taiwan

Beijing suspected of putting pressure on Vatican to cut ties with Taipei

The Guardian - UK

Flexport Ryan Petersen CEO on Trump’s tariffs and the uncertain future of global trade

Ryan Petersen, CEO and founder of Flexport, speaks to Fortune about the pressures tariffs place on American businesses.

Fortune

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China suggests Covid-19 originated in US in response to Trump allegation

China said the Wuhan lab leak virus theory was ‘extremely unlikely’

The Independent UK

Is a new Sony cinema camera on the way? Here’s what we know

A new camera code has reportedly been registered in China, a location where Sony manufactures its cinema cameras

Digital Camera World

'China is right behind us': Jensen Huang says we need to 'accelerate the diffusion of American AI technology around the world'

Is more exports or less exports in the American interest?

PC Gamer

Prices on Baby Essentials Are Up — and More Increases May Be Coming

Upcoming tariffs on baby items like car seats and cribs could raise costs for families, but shopping smart can help you save.

Kiplinger

Tariffs Gut US Toy Shelves: Trump Blames 'Trillion-Dollar China Rip-Off'

Trump's 145% China tariffs are gutting U.S. toy stores, with prices soaring and shortages looming. Can families save Christmas?

International Business Times UK

Cheap parcels from China will no longer be duty-free. Here’s what it means for you

The Trump administration is ending a duty-free exemption on low-value imports from China

The Independent UK

Australian shares edge higher for sixth day of gains

An early sell-off wasn't enough to derail a multi-day streak for Australian equities, which are in the green for a sixth session in a row.

AAP

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The Conversation

The global costs of the US-China tariff war are mounting. And the worst may be yet to come

The United States and China remain in a standoff in their tariff war. Neither side appears willing to budge.

Al Jazeera

Taiwan confident of US support under Trump, minister says

In interview, Taiwan’s minister of mainland affairs says Chinese President Xi is stoking ‘fanatic nationalism’.

Tom’s Hardware

Nvidia asks US government to ease AI GPU export rules, but Trump administration plans tighter controls

Nvidia CEO Jensen Huang is calling for the Trump administration to relax AI GPU export restrictions to support U.S. industry, but the administration is instead considering stricter controls to use chip access as leverage in trade negotiations.

Fortune

An architect of Trump’s tariff policy doesn’t see ‘immediate change’ to China tariffs

Chair of the Council of Economic Advisers Stephen Miran said tariffs on China would remain in place.

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Barchart

Weak Stocks Boost Liquidity Demand for the Dollar

The dollar index (DXY00 ) Wednesday rose by +0.24%. Wednesday’s stock slump boosted liquidity demand for the dollar. Also, Wednesday’s news that showed the Q1 core PCE price index rose more than expected is hawkish for Fed policy and dollar supportive. The dollar fell back from its best levels on...

Fortune

India's moment: Navigating a world torn by U.S.-China rivalry

It’s a high-wire act, but India is uniquely suited to pull it off—and companies like Apple have noticed.

Barchart

Should You Buy, Sell, or Hold Nio Stock Amid Firefly Brand Launch?

As Nio launches its first EV model under its Firefly brand in China, is the stock a buy, sell, or hold now?

Barchart

Crude Prices Plunge on Reports Saudi Arabia Can Sustain a Period of Low Oil Prices

June WTI crude oil (CLM25 ) Wednesday closed down -2.21 (-3.66%), and June RBOB gasoline (RBM25 ) closed down -0.0393 (-1.91%). Crude oil and gasoline prices on Wednesday extended this week’s sharp losses, with crude sinking to a 3-week low and gasoline tumbling to a 2-week low. Concerns about global...

Motor1

Believe It or Not, China Built a New Twin-Turbo V-8

Much has been said this past week about all the electric vehicles debuting at Auto Shanghai in China. The region definitely loves EVs, but internal combustion power isn't dead yet. In fact, Great Wall Motors (GWM) pulled the covers off a new engine. And it's not some small three-cylinder econo-mill.…

The Independent UK

How Blair has changed the agenda for Labour on climate change

THE INDEPENDENT VIEW: Editorial: The former prime minister’s intervention in the Labour government’s net zero approach has provoked heated argument – and rightly so. These are important, transcendent matters and have to be right – for the sake of the future of the planet and the living standards of people…

Fortune

Tariffs threaten a pharmaceuticals shortage, as 95% of ibuprofen comes from China

Apollo chief economist Torsten Sløk predicted “empty shelves” in the next few weeks as a result of tariff-induced supply chain disruptions.

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