EU retaliatory measures could include taxes on digital services that could be aimed at U.S. technology companies such as Alphabet, the parent of Google, or Meta Platforms, which owns Facebook.

China's shipments of rare earth magnets to the United States jumped sharply in June. The rebound came after months of disruption and signaled renewed momentum in critical mineral trade between the two countries.

China accounted for 5.89% of all U.S. trade in May, its lowest percentage in decades. Trump’s tariffs or trade trickery? It’s hard to dispute it’s a remarkable shift.