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Business

Trump's tariff hikes could speed up China's shift to new markets

The US has for years been a major destination for Chinese goods, but exporters are reducing their reliance on the world’s largest consumer market as Beijing and Washington feud over trade.

USA

Trump threatens sweeping tariffs on China, Mexico and Canada

President-elect Donald Trump frequently threatened during his campaign that he would impose tariffs on multiple countries, citing concerns on illegal immigration and drugs.

USA

Trump to appoint hardliners Rubio and Waltz as foreign policy chiefs

Trump's picks for secretary of state and national security adviser have fully supported the president-elect in casting doubt on European countries' contributions to NATO.

Economy

China unveils financial package aimed at boosting the economy

Beijing is hoping its plan will help bolster its ailing economy as it braces itself for increased trade tensions with the US under a Trump presidency.

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Tech News

Russia, Iran and China step up influence efforts as US election nears

Russian operatives continue to take steps to undermine the Harris-Walz campaign, says a new report by Microsoft.

Economy

Europe's luxury goods market braced as China demand stays slow

China reported weaker-than-expected consumer price growth for August, signalling continued sluggish domestic consumer demand. This could place further pressure on key sectors in European stock markets, including luxury consumer and mining stocks, which are sensitive to China's conomic data.

Economy

China export curbs on semiconductor materials fuel chip shortage fears

These restrictions are speculated to be China’s response to the US export curbs on the sale of advanced semiconductor chips to Chinese companies such as Huawei.

Business

Canada to impose 100% tariff on Chinese-made electric vehicles

In alignment with the US, Canada announced a 100% tariff on Chinese-made EVs, including those produced by Tesla. Tesla’s shares fell by 3% on Monday in response to the news.

Japan

Top diplomats meet to discuss security amid tension with China

Top diplomats from Japan, the U.S., Australia and India met Monday to discuss security concerns and joint support to reinforce maritime safety and cybersecurity in the Indo-Pacific region amid growing tensions with China.

Europe Decoded

Euroviews. Whoever wins in the US, Europe will need to respond to the shift

The US remains Europe’s most important ally. However, Europe’s interests do not fully align with those of Washington, regardless of the US presidential election outcome, Jörg Rocholl writes.

Economy

China cuts 1-year benchmark rate to boost economy as world markets lag

China ratcheted up its effort to reinvigorate its economy on Thursday by cutting a key policy rate and interest paid on bank deposits.

Economy

US-China trade war fears hits Microsoft and Apple share price

The US has already imposed restrictions on Chinese companies such as Huawei, which prevents it from receiving semiconductor chips, as well as telecommunications equipment from US manufacturers.

China

China and Russia start naval drills amid rising tensions with NATO

The exercise began in the Guangdong province on Sunday and is expected to last until mid-July.

Economy

China's second-quarter GDP falls short of expectations

China reported weaker-than-expected gross domestic production (GDP) data for the second quarter and softened economic data for June. The country also began its Third Plenum key political meeting.

Kazakhstan

Putin and Xi meet at Central Asian summit in show of deepening ties

Ever-closer collaboration between Russia, China and other countries has caused increased concern for NATO and Western powers.

Belgium

Von der Leyen spars with rivals on EU budget and Chinese trade war

With two weeks until European elections, candidates diverged on the size of the bloc’s trillion-euro spending, EU air defence, and whether to impose US-style punitive tariffs on Beijing.

Business

BMW and Jaguar slammed for importing banned Chinese parts and cars

The parts are mostly LAN transformers, imported from Sichuan Jingweida Technology Group (JWD) which allegedly uses forced Uyghur labour.

Economy

EU hit as China launches tit-for-tat anti-dumping probe

Thermoplastics coming from the US, the EU, Taiwan and Japan are sold at prices below fair market value, says Beijing.

Taiwan

Taiwan's new president warns against China's annexation goals

William Lai has been inaugurated as Taiwan's new president, promising to deepen ties with other democracies around the world.

China

Putin's visit to China: Here's what you should know

Russian President Vladimir Putin's visit to China on Thursday could spell trouble for the West.