3 h. ago China lifts yuan midpoint, but trade weighted value falls to lowest since 2021

China lifts yuan midpoint, but trade weighted value falls to lowest since 2021  Reuters

Politics

4 h. ago Japan races against time to avoid US car tariffs as deadline looms

Japan’s top negotiator has made a last-ditch trip to Washington in hopes of heading off a steep US tariff on Japanese cars – but with just over a week to go, and President Donald Trump doubling down in recent comments, analysts say neither side appears willing to compromise. Ryosei Akazawa, Japan’s chief trade envoy on the issue, flew into the US capital on Thursday and spoke twice to Commerce Secretary Howard Lutnick by phone over the weekend. But he failed to secure a meeting with Treasury...

Economics

7 h. ago Trump’s Golden Dome: will the numbers add up to deter China in the Indo

America’s view of China as a “pacing threat” has shaped its defence priorities as the military seeks to maintain an edge over a rapidly modernising PLA. In the first of a three-part series on how US budget tensions will affect efforts to deter China, we look at the Golden Dome missile defence system. China’s expanding military footprint in the Indo-Pacific is now a focus of America’s defence strategy, with a renewed emphasis on space-based capabilities since Donald Trump returned to the White...

Politics

15 h. ago US falling behind China in new 'space race' despite Donald Trump's promises

US falling behind China in new 'space race' despite Donald Trump's promises  The Mirror US

Politics

15 h. ago Will Trump visit China for WWII victory parade? Optimism as speculation swirls

Speculation that US President Donald Trump may visit Beijing in September has sparked “cautious optimism” among some Chinese analysts about a possible diplomatic breakthrough as trade ties between the rival powers teeter on the edge of a fragile truce. A Kyodo report on Sunday citing unnamed sources said that China was planning to invite Trump to its Victory Parade in Tiananmen Square on September 3, marking the 80th anniversary of the end of World War II. When asked to comment on the report on...

Politics

15 h. ago Clean energy stocks fall as Trump bill taxes components from China, phases out credits

Clean energy stocks fall as Trump bill taxes components from China, phases out credits  NBC 7 San Diego

Politics

16 h. ago ‘Risky choice’: why Canada’s tough stance towards US and China may backfire

The Canadian government appears to be caught between “a rock and a hard place” after trying to introduce tough measures targeting both American and Chinese companies last week, analysts said. Ottawa raised eyebrows by ordering a high-profile Chinese company to cease operations in the country due to national security concerns on Friday – the same day that US President Donald Trump announced he was breaking off trade negotiations with Canada over its proposed digital services tax. But Canada has...

Events

18 h. ago Trump’s budget bill is a debt bomb. Can the ‘Pennsylvania Plan’ defuse it?

With the US Senate voting to move an updated version of US President Donald Trump’s sweeping budget legislation – the “One Big, Beautiful Bill Act” – forward in the legislative process, the controversial bill now comes closer to becoming law. It has also brought the country’s mounting debt back into the spotlight. Rife with spending increases, tax cuts and no additional revenue sources to compensate, the bill has been estimated to add US$3.3 trillion to the nation’s debt over the next decade; a...

Economics

44 h. ago ‘Not cool’: why China is falling out of love with foreign ice cream

‘Not cool’: why China is falling out of love with foreign ice cream  South China Morning Post

Politics

45 h. ago After Nato chaos, ‘irrelevant’ Europe shambles towards China summit

For months since the return of US President Donald Trump, there has been a roaring trade in papers and speeches about how to make Europe a truly independent geopolitical player. The term “strategic autonomy”, championed by the French government during Trump’s first term, is back in vogue. But the independence movement was on the ropes this week, when a series of summits thrust Europe’s weakness on global affairs into the spotlight ahead of a bout of engagement with China. On Monday, a meeting of...

Events

51 h. ago Japanese angered by Trump’s Iran strike comparison to atomic bombings

Japanese leaders and survivors of the atomic bombings have denounced President Donald Trump’s comparison of the US strike on Iran’s nuclear facilities to the attacks on Hiroshima and Nagasaki, describing his remarks as deeply inappropriate and historically insensitive. Speaking at a press conference on Thursday, Nagasaki Mayor Shiro Suzuki condemned Trump’s comments, saying the use of nuclear weapons was “unacceptable” no matter the circumstances – a lesson that should be self-evident from the...

Events

3 d. ago Trump: US to tell countries ‘what they have to pay’; China, India deals coming

With the July 9 deadline for “Liberation Day” tariffs nearing, US President Donald Trump said on Friday that Washington would inform countries “what they have to pay” to do business with America “over the next week and a half or so”. His remarks came hours after Treasury Secretary Scott Bessent suggested trade talks could continue to September. Trump also directed a new salvo at Canada, announcing an immediate halt to trade talks in retaliation for Ottawa’s plan to introduce a digital trade tax...

Politics

3 d. ago China should be alert to risk of US being drawn into war by allies, analyst says

There is more risk of a global military conflict breaking out under Donald Trump’s leadership, with the US more likely to be drawn into wars involving smaller nations or allies, according to Chinese analysts. The assessment came after the United States joined Israel’s war against Iran last weekend, carrying out military strikes on three nuclear sites in the Islamic Republic. US officials have signalled that the operation was a one-off intervention and – hours after Iran launched a missile attack...

Events

4 d. ago China's industrial profits plunge 9.1%, steepest fall in seven months

China's industrial profits plunge 9.1%, steepest fall in seven months  CNBC

Politics

4 d. ago ‘Summer Davos’ debate: is China’s yuan ready to challenge US dollar dominance?

As global confidence in the US dollar erodes in the wake of Washington’s “Liberation Day” tariffs, economists at the Annual Meeting of the New Champions debated whether China’s yuan could emerge as a credible alternative to challenge the world’s dominant currency. US President Donald Trump’s sweeping “reciprocal tariffs” on allies and adversaries alike marked “another step in the process of diminishing the role of the dollar as a global reserve currency,” said Diana Choyleva, senior fellow of...

Politics

4 d. ago Dollar is ‘America’s to lose’: experts argue at ‘Summer Davos’ amid yuan push

As global confidence in the US dollar erodes in the wake of Washington’s “Liberation Day” tariffs, economists at the Annual Meeting of the New Champions debated whether China’s yuan could emerge as a credible alternative to challenge the world’s dominant currency. US President Donald Trump’s sweeping “reciprocal tariffs” on allies and adversaries alike marked “another step in the process of diminishing the role of the dollar as a global reserve currency,” said Diana Choyleva, senior fellow of...

Politics

4 d. ago Trump says US signed agreement with China; White House clarifies

The United States and China reached a “framework” agreement aimed at implementing a deal based on trade talks that started in Geneva, Switzerland last month, the White House said. The clarification came shortly after US President Donald Trump said that the US had signed a trade agreement with Beijing a day earlier, offering no further details. “Everybody, everybody wants to make a deal and have a part of it, right? I know [US Trade Representative Jamieson Greer] and [Commerce Secretary] Howard...

Politics

4 d. ago China has begun issuing rare earth export licences to European firms: EU sources

China has started issuing export licences for rare earth elements and magnets to European companies, EU sources confirmed, although the bloc continues to push for a structural solution to a situation that has jumped to the top of the bilateral agenda. European governments and companies have for weeks been lobbying Chinese authorities to ease export restrictions, which were introduced in response to US President Donald Trump’s “reciprocal tariffs” in April. Earlier on Thursday, China’s commerce...

Politics

4 d. ago Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report

General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on Chinese imports, according to a research report published this week. But GM is hardly alone. Elon Musk’s electric vehicle company Tesla, rival carmaker Ford, engine manufacturer Cummins, aerospace and tech firm Honeywell, beverage giant Coca-Cola, and chipmaker Qualcomm also...

Politics

4 d. ago Tims China net loss narrows in Q1 2025 and revenues fall on closures

Tims China net loss narrows in Q1 2025 and revenues fall on closures  Yahoo Finance

Politics