live Rubio tells allies U.S. will hold off new Iran strikes
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time bein...
As trade tensions with the United States reach new heights, China has issued a firm rebuke to the Trump administration’s proposed tariffs of up to 245% on Chinese imports, dismissing the measures as a “tariff numbers game” and vowing not to yield to external pressure.
In a strongly worded statement, Beijing emphasized that any future trade negotiations must be rooted in “mutual respect and equality,” a direct rebuttal to what it views as increasingly aggressive and unilateral actions by Washington.
The proposed tariffs, aimed at a wide range of Chinese goods, mark the latest escalation in the economic conflict between the world’s two largest economies.
The consequences of the looming tariffs are already rippling through key sectors. TikTok Shop, one of China’s leading digital commerce platforms operating in the US. has experienced a sharp decline in weekly sales - from $290 million to under $200 million in just two weeks. Analysts say the plunge underscores the fragility of cross-border e-commerce in an era of intensifying protectionism.
“This isn’t just a policy threat - it’s already altering business behavior and shaking investor confidence,” said Liu Wei, a trade economist based in Shanghai. “What we’re seeing now is the beginning of a wider decoupling.”
In response to the growing strain with the US., China is rapidly recalibrating its global economic strategy. President Xi Jinping is currently on a diplomatic tour of Southeast Asia, with recent stops in Vietnam and Malaysia, and ongoing talks in Cambodia. The trip reflects a clear pivot toward regional trade integration and economic cooperation within Asia.
“Unity and autonomy are critical for Asia’s future,” Xi said during a joint press conference in Kuala Lumpur. “We must build resilient supply chains and open markets within our region, rather than rely on external powers that seek to divide us.”
The Southeast Asia tour is seen as a strategic push to solidify China’s influence in the region and build alternative trade partnerships as ties with Washington grow more strained. Beijing’s efforts include proposed upgrades to the Regional Comprehensive Economic Partnership (RCEP) and new bilateral deals focused on digital trade, green energy, and infrastructure.
Analysts say China’s shift away from US-centric trade patterns marks a defining moment in the global economic order.
“Beijing is signaling that it’s not going to play by Washington’s rules anymore,” said Karen Matsuda, a political analyst at the East Asia Strategy Institute. “This isn’t retreat - it’s realignment.”
As the tariff standoff continues with no signs of resolution, global markets are bracing for further uncertainty. But it does seem that China is not backing down - it’s looking elsewhere.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
At least nine people have been killed and hundreds of tourists are missing after a massive landslide triggered catastrophic flooding near Nepal’s Himalayan border with China’s Tibet region.
Instagram Chief Adam Mosseri has acknowledged that few teenagers used Instagram’s “Take a Break” feature before it became a default setting, as Meta faces a major U.S. trial over child safety.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 26th of August, covering the latest developments.
U.S. President Donald Trump has formally sent a landmark nuclear cooperation agreement with Saudi Arabia to Congress, opening a new phase in a deal that has already sparked debate over nuclear proliferation and Riyadh's ambitions.
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