China's export growth sank again in May, with exports to the US down 34% as trade tensions hammer its economy. Deflation hit its highest level in nearly two years.
Smoke was initially seen rising from a deck loaded with electric vehicles, the ship's owner said, after it left Yantai port in China. EV fires on ships are tough to extinguish due to the heat generated and risk of reignition
A licensing system set up by China for exports of rare earth magnets gives it leverage similar to America's chip export controls because of its near-monopoly on the sector.
China has introduced a tracking system for rare-earth magnets; producers have to submit details online on trading volumes and client names, as it looks to curb access
China's failure to lift export curbs on critical minerals, as promised in Geneva, has heightened concerns by carmakers and other firms that rely on rare earths
The trade war truce negotiated in Geneva is hanging by a thread, amid reports that China reneged on its agreement to ease export controls imposed on critical minerals.
US tariffs blamed after private survey finds manufacturing in China contracted in May for the first time in eight months - to the lowest level since September 2022.
Senator says China probably cheers the White House move to revoke some students' visas because the CCP wants these students to come home, not stay in the US
Most Asian markets fell on Monday amid concern about the rise in trade tension between the US and China
Commerce ministry says it upheld the trade agreement, while the US launched new "restrictive" measures on chips, software and students - issues the US has said were not in the deal.
US Trade Rep says China was slow to restore access to rare-earth minerals, while Beijing was unhappy about new export controls and other moves imposed by the White House
Federal appeals court pauses Wednesday's trade court ruling that said US tariffs were invalid under an emergency law; that caused Asian markets to fall on Friday.