China retaliated against U.S. tariffs by imposing its own levies on American imports and launching an antitrust probe into Google, escalating trade tensions between the two nations.
China has swiftly countered U.S. tariffs with its own measures, reigniting trade tensions between the world’s two largest economies. The Finance Ministry announced a 15% tariff on coal and liquefied natural gas, along with a 10% levy on crude oil, agricultural machinery, and large-engine cars. These tariffs are set to take effect next Monday.
In a separate move, China’s State Administration for Market Regulation launched an antitrust investigation into Google over alleged competition law violations.
Additionally, China tightened export controls on key minerals critical to U.S. industries and national security, building on previous restrictions imposed on gallium in December. Beijing also blacklisted two U.S. companies and a biotechnology firm, barring them from trade and investment activities within the country.
As tensions rise, U.S. President Trump warned of further tariff hikes unless Beijing took action to curb the flow of fentanyl into the U.S. Meanwhile, the 10% tariff on all Chinese imports took effect early Tuesday.
Beijing condemned the new U.S. tariffs, labeling them a violation of WTO rules and a threat to economic relations.
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investme...
Canada plans to recognize the State of Palestine at the UN General Assembly in September, Prime Minister Mark Carney announced Wednesday, joining Fran...
U.S. President Donald Trump has announced sweeping 50% tariffs on Brazilian imports, citing concerns over judicial overreach and human rights violatio...
An estimated 80,000 children are vulnerable to cholera in West and Central Africa amid ongoing outbreaks and the onset of heavy rains, according to th...
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain inc...
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investment in the U.S., President Donald Trump has announced.
Canada plans to recognize the State of Palestine at the UN General Assembly in September, Prime Minister Mark Carney announced Wednesday, joining France and the UK in ramping up pressure on Israel.
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ahead of the 1 August deadline.
Microsoft expects to invest about $30 billion in capital expenditures this quarter, part of an overall record of more than $80 billion planned for fiscal 2025, as its AI-powered cloud services continue to accelerate revenue and market value.
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.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investment in the U.S., President Donald Trump has announced.
Canada plans to recognize the State of Palestine at the UN General Assembly in September, Prime Minister Mark Carney announced Wednesday, joining France and the UK in ramping up pressure on Israel.
U.S. President Donald Trump has announced sweeping 50% tariffs on Brazilian imports, citing concerns over judicial overreach and human rights violations. Yet major economic sectors were spared, following weeks of negotiations and lobbying from businesses on both sides.
An estimated 80,000 children are vulnerable to cholera in West and Central Africa amid ongoing outbreaks and the onset of heavy rains, according to the United Nations.
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain incomplete or lacking firm commitments.
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