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GLOBAL TRADE WATCH

China's business community opposes proposed US 'forced labor' tariffs

China's business community has expressed strong dissatisfaction and firm opposition to a proposed US tariff measure targeting dozens of economies, including China, over allegations related to forced labor, according to the China Council for the Promotion of International Trade.
05-Jun-2026
Firsthand stories shaping the region

Xi looks forward to talks with Kim on advancing China-DPRK ties

Xi Jinping, general secretary of the Communist Party of China Central Committee and Chinese president, said on Monday he looks forward to meeting with Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's Republic of Korea (DPRK), to discuss the traditional friendship between the two countries, and exchange views on the overall development of bilateral relations.
08-Jun-2026

MIDDLE EAST

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The Strait of Hormuz closure: How it happened and what it led to?

Global ratings agency Fitch has raised its average Brent crude forecast for 2026 from $70 to $87 a barrel, citing sustained disruptions to shipping through the Strait of Hormuz, a key artery for global oil trade. The revision comes as uncertainty persists over the aftermath of joint US-Israeli strikes on Iran in late February.
07-Jun-2026

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