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The Trump administration has imposed 50% tariffs on a wide range of Canadian imports, citing discriminatory treatment of American products. The tariffs, set to take effect in 30 days, exclude energy, potash, fish and critical minerals and could escalate into a broader trade war.
The Australian share market is poised to open lower, tracking a negative session on Wall Street driven by a sell-off in technology and AI stocks. Oil prices have surged amid renewed US strikes on Iran and Houthi threats against Saudi Arabia, while a Telstra outage has disrupted services for customers and public transport in several states.
China’s soybean imports from Brazil hit a record for June while US shipments declined sharply, underscoring the limited immediate impact of trade deals. A separate daily US sale indicates ongoing Chinese purchases, but analysts note Beijing still has a long way to go on its commitments.
After the US Supreme Court rejected President Donald Trump's attempt to restrict birthright citizenship, he has turned his focus to China, posting a sarcastic message and prompting the Department of Justice to prioritize 'birth tourism' investigations. The Guardian and South China Morning Post report on the administration's shifting tactics and the controversy over a Texas hospital advertising to Mexican expectant mothers.
Yemen's Houthi rebels have declared a naval blockade against Saudi Arabia, prompting several oil tankers to change course. The move threatens key Red Sea shipping lanes and global oil supplies, with multiple sources reporting on the immediate impact.
Argentina's electric vehicle market is expanding rapidly, driven by import liberalization and Chinese brands like BYD, which now dominate sales. Tesla is planning its entry into the region with a launch in Uruguay and registration in Argentina, as the government opens the economy under President Milei.
Russian President Vladimir Putin has extended visa-free entry for Chinese citizens until December 31, 2027, a decree published on the legal information portal confirmed. The move, reciprocated by China, is expected to boost tourism in both directions, with industry forecasts projecting significant growth in visitor numbers.
Taiwan is reviewing its LNG purchases from Papua New Guinea after Port Moresby announced the closure of Taiwan's representative office, citing its One China policy. China has welcomed the decision, while Taiwan says it will keep the office open and seek negotiations.
China's imports of Russian crude oil rose 16.7% year-on-year to 57.28 million metric tons in the first half of 2026, according to data from the General Administration of Customs of China. Imports of LNG, fertilizers, and metals also increased, while Chinese exports of cars, electronics, and other goods to Russia saw significant growth.
A new survey by the Asylum Seeker Resource Centre finds that asylum seekers on Nauru are struggling to afford food and clean water, despite Australia's substantial spending on offshore detention. The report highlights the high cost of living on the island and the inadequacy of the current stipend.
Explosions have been reported in several Iranian cities, including Bushehr, Bandar Abbas, and Jask, according to Iranian news agencies cited by TASS. The reports have been linked to US-Israeli strikes on Iran, though specific details remain limited.
Andy Burnham prepares to become the UK's next prime minister amid economic stagnation, strained China relations, and Labour's poll deficit. His cautious approach aims to avoid market instability, with plans to end rough sleeping and a cabinet yet to be fully announced.
During President Abdelmadjid Tebboune's first official visit to Berlin, Algeria and Germany agreed to expand cooperation on natural gas, renewables, and a future hydrogen corridor. The visit, marked by 30 bilateral agreements, comes as Algeria's role in European energy security is strengthened by its pipeline gas reaching southern Europe without passing through Gulf shipping lanes.
The US allowed a national emergency declaration on Hong Kong to expire, leading to the lifting of sanctions on nine Hong Kong and mainland Chinese officials. The Hong Kong government welcomed the move, while analysts see it as a gesture to improve US-China relations.
During a month-long suspension of the US blockade, Iran exported roughly 70 million barrels of oil worth $5-6 billion, according to estimates cited by The Wall Street Journal and advocacy group United Against Nuclear Iran. The exports, which included about 20 tankers that arrived off Malaysia's coast, were destined for China. The temporary agreement, signed June 17, was terminated by the US Treasury on July 7, and the blockade was restored on July 14.
Kremlin spokesman Dmitry Peskov insisted Russia-China ties are 'based on the principle of equality' amid a Wall Street Journal report on bilateral relations, while trade data shows China as Russia's largest partner but Russia accounting for only 4% of China's foreign trade.
A report by The Wall Street Journal, as covered by the Jerusalem Post, reveals that a veteran CIA operative was sent to Abu Dhabi to assess the UAE's AI company G42, which led to reduced China ties and increased US tech access. The US subsequently granted the UAE license-free access to advanced chips and servers, sparking debate over AI race implications.
China is developing an asteroid early warning system and planning a planetary defence mission to slam a spacecraft into an asteroid before 2030, according to the scientist leading the national effort. The mission aims to alter the asteroid's orbit or break it up, with an impact speed exceeding 9 km per second.
Preliminary results show São Tomé and Príncipe's President Carlos Vila Nova has been re-elected with over 55% of the vote, avoiding a run-off. The election highlighted tensions between Vila Nova and his former party, the ADI, amid concerns over low voter turnout.
As Hong Kong prepares its first five-year plan, industry leaders and analysts debate its scope and purpose. Suggestions include an AI focus that leverages the city's strengths in finance, healthcare, and urban development, while integrating with mainland China's technological advances without sacrificing its unique global connections.