Overview

• The US has initiated investigations into imposing tariffs on pharmaceuticals, semiconductors, and tomatoes, citing national security concerns.
• China has escalated its retaliatory measures by suspending Boeing aircraft deliveries and parts purchases, doubling import costs for American-made aviation products.
• Xi Jinping is concluding a Southeast Asia tour, strengthening economic ties with Vietnam, Malaysia, and Cambodia to mitigate the impact of US tariffs.
• US Treasury Secretary Scott Bessent has suggested that a 'grand accord' with China remains possible, despite ongoing tensions and economic decoupling fears.
• Domestic discontent grows in the United States, with President Trump's economic policies facing increasing criticism and declining approval ratings.