U.S. President Trump welcomes Azerbaijan President Aliyev to the White House
U.S. President Donald Trump personally welcomed Azerbaijan’s President Ilham Aliyev at the White House today, ahead of a historic peace signing cere...
China’s overseas shipments grew 5.8 % in June as manufacturers hurried to clear orders before a 12 August deadline that could see steep U.S. duties return, customs figures released on Monday show.
Exports rose to $308 billion, taking the trade surplus to $114.7 billion, while imports rebounded 1.1 % after May’s decline. Sales to the United States jumped 32.4 % month-on-month—the first full month benefiting from reduced U.S. tariffs—though year-on-year volumes were still lower. Shipments to the 10-nation ASEAN bloc, increasingly used as a transit hub, surged 16.8 %.
Analysts say firms are “front-loading” cargoes in case Washington and Beijing fail to cement a longer-term accord. “There are signs the demand rush is beginning to wane, but it will run through the August pause,” said Chim Lee of the Economist Intelligence Unit, noting that freight rates on China-bound U.S. routes have already begun to ease.
President Donald Trump has warned that duties of more than 100 % will snap back if no deal is struck by mid-August and has separately threatened a 40 % levy on trans-shipments via Vietnam and a 10 % charge on imports from BRICS countries. Economists fear the wider crackdown could hit Chinese exporters who route goods through third countries to avoid higher tariffs.
“Tariffs above 35 % will wipe out margins for most manufacturers,” said Zichun Huang of Capital Economics, predicting export growth will slow “over the coming quarters,” dragging on China’s expansion.
Customs data also showed rare-earth exports climbing 32 % in June following last month’s move to free up licences, while record soybean imports of 9.73 million tonnes from Brazil highlighted Beijing’s efforts to back fellow BRICS members hit by U.S. trade measures. 国产 crude-oil inflows likewise hit their highest daily rate since August 2023 as refineries stepped up purchases from Saudi Arabia and Iran.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
U.S. President Donald Trump personally welcomed Azerbaijan’s President Ilham Aliyev at the White House today, ahead of a historic peace signing ceremony. The meeting sets the stage for a U.S.-brokered framework aiming to stabilize relations in the South Caucasus.
Donald Trump has once again shared a video clip of Azerbaijani President Ilham Aliyev’s remarks from the Shusha Global Media Forum on his Truth Social account.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
China’s President Xi Jinping told Russian leader Vladimir Putin that Beijing will continue promoting peace talks on Ukraine, regardless of how the situation unfolds.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
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