Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
As the U.S.-China trade standoff intensifies, Beijing has released a striking video vowing to resist pressure and uphold its global trade role, accusing Washington of economic coercion.
On April 29, 2025, China’s Ministry of Foreign Affairs released a powerful video titled “Never Kneel Down”, a defiant statement amid escalating tensions in the ongoing U.S.-China trade conflict. Using the metaphor of the “eye of the storm,” the video warns that the apparent calm in global trade masks a dangerous trap set by the U.S. through its aggressive tariff policies.
The Ministry accuses the U.S. of deliberately targeting China with high tariffs, likening this to a “deadly trap” that disrupts global trade and pressures countries to limit their economic ties with China. The video also highlights how this pattern of economic coercion has extended beyond China, citing examples of Japanese and French companies crushed or weakened by U.S. trade and jurisdictional pressure in the past. Notable examples include Japan’s Toshiba semiconductor business and France’s industrial giant Austin.
In recent years, Chinese tech firms like Huawei, ZTE, DJI, and SMIC have faced bans or sweeping restrictions in the U.S., often justified on national security grounds. The pressure has only intensified: in March 2025, the U.S. government added 50 more Chinese firms along with a scientific research non-profit to its export blacklist, effectively cutting them off from critical American technology. Beijing views these actions not as isolated or principled measures, but as part of a strategic and ideological campaign aimed at curbing China’s rise.
The trade conflict has resulted in high tariffs on Chinese goods — some reaching 145% — which U.S. officials now acknowledge are unsustainable. America’s Treasury Secretary Scott Bessent and President Donald Trump have hinted at reducing these levies. However, the U.S. stance remains firm, with Washington demanding that China make the first move toward tariff removal.
Meanwhile, China remains steadfast. The video rejects compromise, stating that “bowing to a bully is like drinking poison to quench thirst,” and warns that “kneeling only invites more bullying.” Instead, China urges solidarity among nations to resist U.S. pressure, highlighting its pivotal role as the largest trading partner for over 100 countries and a key node in Asia’s complex supply chains.
However, the geopolitical reality complicates China’s ambitions. Many of China’s neighbors, including Japan and South Korea, remain cautious, balancing their economic dependence on China with security ties to the U.S.. Countries like Vietnam, Thailand, and Indonesia have taken steps to appease the U.S. to avoid punitive tariffs, while also safeguarding their own industries from being undermined by diverted Chinese exports.
Economic data indicates rising challenges for China as well, with manufacturing orders weakening and internal issues like deflation and a property slump adding pressure. Nonetheless, China’s leadership appears prepared for a prolonged economic standoff, emphasizing that any loss of U.S. credibility benefits China geopolitically.
The video closes on a resolute note: no matter how fierce the storm, China will “stand firm” and “rise and fight on” alongside all nations committed to justice and fairness in global trade.
As the 90-day tariff pause ends on July 9, 2025, the world watches closely whether the storm will escalate or if cooler heads will prevail — but China’s message is clear: it will never kneel down.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment