China issued a stern warning Wednesday against trade agreements it claims might “harm legitimate rights and interests of third parties,” signaling its growing unease at what it perceives to be exclusionary economic blocs that aim to reduce Beijing’s global influence. China issued this warning in a press briefing from their Ministry of Foreign Affairs, where spokesperson Lin Jian condemned recent regional trade pacts led by Western nations and their allies that China believes are designed to isolate or economically weaken countries outside their frameworks. Lin emphasized the need for trade cooperation to be open, inclusive, and mutually beneficial to all...
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Business
Trump Warns of Threatening 50% Tariffs on EU Goods and 25% on Apple iPhones,
The GuardianBoth are reporting similar developments.Donald Trump has issued plans to impose major tariffs on European Union imports and Apple products, intensifying trade tensions and sparking immediate market reactions. Trump announced in a post on his social media platform Truth Social that he intends to implement a 50% tariff on goods imported from Europe starting June 1. He cited stalled trade negotiations and what he views as unfair trade practices by the EU as reason. Sky News +6 The Times +6Trump took aim at tech giant Apple, proposing a 25% tariff on iPhones manufactured outside the U.S. He stressed the...