live Iran closes Strait of Hormuz again over U.S. blockade, state media says- Saturday 18 April
Iran's Islamic Revolutionary Guards Corps (IRGC) said in a Saturday statement that the Strait of Hormuz has...
Beijing has warned the Trump administration against restoring steep U.S. tariffs next month and signalled it will retaliate against countries that cut China out of supply chains through bilateral deals with Washington.
The warning, issued through a commentary in the official People’s Daily on Tuesday, follows U.S. moves to reimpose high tariffs on Chinese goods unless a new agreement is reached by 12 August. The commentary urged dialogue and criticised what it called “bullying” tactics by the U.S.
“One conclusion is abundantly clear: dialogue and cooperation are the only correct path,” said the article, published under the pseudonym “Zhong Sheng”, which represents the Chinese Communist Party’s official stance on foreign affairs.
President Donald Trump has begun notifying trade partners of new tariffs due to take effect on 1 August. While most countries were given time to strike agreements, China faces import duties exceeding 100% unless a deal is reached.
The People’s Daily said China must uphold its “principled positions” to defend its rights and warned that Beijing would “respond resolutely” if third-party countries strike tariff deals with the U.S. that undercut Chinese trade.
The comments follow a June agreement between Beijing and Washington that temporarily eased tensions, but many details remain unresolved. The Peterson Institute for International Economics estimates current average U.S. tariffs on Chinese goods at 51.1%, with China’s duties on U.S. products averaging 32.6%.
China also responded to recent moves by regional economies. Last week, Vietnam secured a reduced U.S. tariff of 20%—down from 46%—on certain goods, while Chinese-origin items transshipped through Vietnam face a 40% levy.
The commentary said China “firmly opposes any side striking a deal that sacrifices Chinese interests in exchange for tariff concessions” and warned it would not tolerate arrangements that alter global supply chains to its detriment.
With a new deadline approaching and high tariffs looming, the risk of another full-blown trade dispute remains high. Markets are watching closely to see whether both sides will re-engage or return to retaliatory measures.
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
Iran's Islamic Revolutionary Guards Corps (IRGC) said in a Saturday statement that the Strait of Hormuz has returned to its "previous state" under the control of its "armed forces," citing the ongoing U.S. blockade on Iranian ports.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
The Trump administration extended a sanctions exemption on some Russian oil as prices continue to skyrocket in the wake of the U.S.- Israeli war against Iran on Friday (17 April).
Australia and Japan signed contracts on Saturday (18 April) launching their landmark A$10 billion ($7 billion) deal to supply Australia with warships, Tokyo's most consequential military sale since ending a military export ban in 2014.
Leaders from across Europe and beyond gathered in Paris on Friday for a summit aimed at managing the global impact of the Middle East conflict.
European leaders have set out plans for a coordinated defensive mission to restore freedom of navigation in the Strait of Hormuz, once security conditions allow, following talks involving more than 40 countries.
NeaNearly 900 Rohingya refugees were reported missing or dead in the Andaman Sea off Myanmar in 2025, making it the deadliest year on record, the United Nations Refugee Agency said on Friday.
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