Brazil widens lead in China’s soybean market as US shipments fall despite Trump-Xi deal

Imported soybeans from Brazil are seen in a cargo vessel at a port in Yantai, China. China’s Brazilian soybean imports are up by 13.7 per cent in June compared to a year earlier. Photo: AFP

Igor Patrick in Rio de Janeiro

China imported 12.08 million tonnes of Brazilian soybeans in June, up 13.7 per cent from a year earlier, while volumes from the United States fell 20.6 per cent to 1.27 million tonnes, far off the pace implied by the purchasing deal agreed by Presidents Donald Trump and Xi Jinping , according to figures released on Monday by China’s General Administration of

Trump imposes 50% tariffs on Canadian goods, citing disputes over cars, alcohol and cheese

World United States & Canada

The US said Canada was one of the only nations other than China that hit back against Trump’s previous tariffs and must be held accountable

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US President Donald Trump, right, and Canadian Prime Minister Mark Carney in the Oval Office at the White House in Washington. Photo: Getty Images / TNS

US President Donald Trump on Monday imposed 50 per cent tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American cars, alcohol and dairy products.

The move could unleash a new wave of economic chaos, with risks of


Trump order targets China-linked military mineral supply chains

US President Donald Trump on Monday signed an executive order aimed at reducing dependence on China for defence-related critical minerals, directing military contractors to shift away from Beijing-linked supply chains beginning in January 2027.

Without naming China, Trump’s executive order stresses the need to maintain US military dominance “in an era of renewed great power competition”.

“The United States must secure its supply chains against physical, cyber, and economic subversion,” it said.

The US Department of Defence relies heavily


China won’t waste its reserves to cushion oil price impact of Iran war

An oil tanker unloads imported crude at Qingdao port, in China’s eastern Shandong province, on July 16. Photo CN-STR / AFP

Dr Andy Xie is a Shanghai-based independent economist specialising in China and Asia, and writes, speaks and consults on global economics and financial markets.

Oil prices are set to rise once more as renewed US attacks on Iran leave the Strait of Hormuz, a major artery of oil trade, closed again. With US strategic petroleum reserves at their lowest in over 40 years, America will have trouble keeping oil prices below US$10

US judge suspends Paramount’s acquisition of Warner Bros

A federal judge in California on Monday ordered Paramount Skydance and Warner Bros Discovery to temporarily pause their merger while a case brought by multiple states challenging the deal moves forward.

The companies are prohibited from closing their US$110 billion deal for 14 days until another hearing is held on August 3 regarding a preliminary injunction, which would prevent Paramount and Warner Bros from closing the transaction before a final decision is reached.

The states raised “serious questions” about the deal’s potential to be anticompetitive, the judge


Andrew Tate, brother fight extradition to the UK on rape and sex trafficking charges

Social media influencers Andrew and Tristan Tate will fight extradition to the United Kingdom where the brothers are accused of rape and sex trafficking, their lawyer said on Monday, suggesting their arrest in Miami was politically motivated without explaining why.

The Tates appeared in federal court on Monday for the first time since their arrest on Saturday and are being held in federal detention. In the coming weeks, a US district judge will consider whether they meet the conditions for extradition. US Magistrate Lauren Louis set another hearing for July 27.

The


US claims 3 China-linked spy sites in Cuba monitoring American military activity

US Secretary of State Marco Rubio has backed a new report released on Monday that said China maintains a “persistent intelligence-gathering presence” in Cuba. Photo: Reuters

Teresa Elena Frontado in Washington and Igor Patrick in Rio de Janeiro

The United States has accused China of operating three intelligence-gathering facilities in Cuba and sharply expanding its personnel on the island, portraying Havana as a strategic platform for Beijing to monitor American military activity.
A State Department report released on Monday said China maintained a “persistent intelligence-gathering presence” in Cuba

Trump turns to China in renewed US birthright citizenship push

When the US Supreme Court rejected President Donald Trump’s attempt to restrict birthright citizenship, his attention soon turned from the justices to China, prompting a sarcastic social media post.

“I would like to congratulate President Xi, and the Great Country of China, on their massive Birthright Citizenship WIN! President DONALD J. TRUMP,” Trump wrote on social media.

In the hours that followed, the Department of Justice instructed federal prosecutors to prioritise investigations of so-called “birth tourism” schemes. Days later, US


Chess champion Judit Polgar rejects offer to become Hungary’s president

PM Peter Magyar had nominated Polgar as a figure from outside politics to help carry out his ‘regime change’ from Orban’s hardline era

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Hungarian chess Olympic winner Judit Polgar at the Sundance Film Festival in Utah in January. Photo: Getty Images North America / AFP

Chess legend Judit Polgar on Monday turned down Hungarian Prime Minister Peter Magyar’s offer to join his push to break with the Viktor Orban era as the country’s president.

The pro-European conservative had nominated Polgar, widely considered the greatest woman to have taken


China’s Li congratulates Andy Burnham on becoming Britain’s new prime minister

Chinese ⁠Premier ⁠Li Qiang on Monday extended congratulations to Andy Burnham on ‌becoming Britain’s new prime minister.

Strengthening dialogue and cooperation between ⁠China and Britain will benefit ‌the two countries and “inject stability into global ‌peace”, Li said in ⁠his ⁠message, Reuters reported.

“I am willing to ‌work with the prime minister ‌to strengthen exchanges, ‌enhance mutual ‌trust, promote communication and cooperation, ⁠and advance the long-term, ⁠stable comprehensive strategic partnership”