China is becoming less and less interested in other countries’ goods. Its imports are stagnant even as exports soar, a result of sluggish consumption and Beijing’s all-out push to beef up domestic industries.

South Korea launched on Monday a task force on negotiations with the United States on tariff and non-tariff matters across industry and the energy sector that will also coordinate with the private sector,

Taiwan has added China's Huawei and SMIC to its trade blacklist in a move that further aligns it with U.S. trade policy and comes amid tensions with Beijing.

The Israel Defense Forces said the air force had launched strikes against missile sites in central Iran, as the Middle East conflict entered a fourth day.

A fresh wave of bullishness is washing through the oil-options market as the confrontation between Israel and Iran escalates, with activity led by unusually heavy trading of call options at the week’s open.

The Swiss government cut its growth forecast for 2025 and 2026 on Monday, as the export-orientated economy braces itself for the impact of the global trade war. The Swiss economy, traditionally one of the most robust in Europe,

China’s May economic activity data showed a mixed picture, as ongoing trade frictions with the U.S. continued to weigh on growth. A key measure of domestic consumption grew faster than expected, buoyed by Beijing’s consumer subsidy push.

"The main issue between Europe and the United States is precisely about European defence, and we should focus on (this)," Costa said, referring to Washington’s rebalancing of foreign policy towards countering China.