Beijing imposed sweeping export controls on 10 American companies, including a rare-earth miner, and barred 46 others from government procurement, retaliating directly against the Pentagon's recent blacklisting of Alibaba and Baidu.
Iran shut the Strait of Hormuz on June 20, citing Israeli strikes in Lebanon. President Trump responded by threatening to impose US tolls on the waterway unless a final deal is reached in two months.
Cross-border biotech deals between China and the United States are becoming more complicated and may face a modest slowdown due to stepped-up US efforts to restrict investment and technology transfers, according to ING Research.
President Donald Trump said he will visit China 'at some point' this year, potentially creating four face-to-face meetings with President Xi Jinping in 2026, after an initial summit in Beijing and ahead of Xi's expected US visits in September and December.