After announcing a 25% tariff on Indian imports, Trump posted stinging remarks on social media about its high tariffs and slandering its "dead economy". Other countries in the Asia-Pacific fared much better.
A day after the ICJ ruling, a court In Sydney struck down a bid by an Indonesian firm to extend the life of a huge coal mine. A global legal avalanche may have begun
China's crackdown on the smuggling and trans-shipment of critical minerals hit exports of antimony and germanium in June even as rare earth magnet shipments jumped sharply thanks to a deal with Washington
Indonesia has had to open its market to US products and firms, and pay a hefty price, while its exporters still face a 19% tariff on any goods sent to the US.
China saw a big trade surplus in June, but analysts predict a second half slump. They say its unlikely the US will cut tariffs to levels that allow producers to turn a profit
The price of copper shot up on Wednesday after Trump's threat of a 50% tariff, while pharma stocks fell on his talk of a 200% levy on drug imports. Deals with India and the EU expected soon.
The jump in wind and solar additions comes after a prolonged slowdown that led India to miss its 2022 renewable energy target
China's global exports of antimony are now just a third of the levels seen this time last year
China has not budged on specialized rare earths, such as samarium, which are needed for military applications and outside the fast-track trade deal agreed in London
Talks going well, Lutnick says; US officials are expected to drop restrictions imposed recently on a range of technology and other products to China in return for better access to rare earth exports
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