QtrendsChina's electric truck exports and trade policy moves
China is pushing its electric heavy trucks into global markets as part of its net-zero freight strategy, with automakers preparing over 150 EV debuts by year-end. Beijing blacklisted U.S. rare earth miners while encouraging foreign businesses to sell shares domestically. Commerce Minister Wang Wentao is set to visit Brussels for trade talks, and China is mulling revisions to gold import and export regulations.
Sources:
China mulls revisions to gold import, export regulations
(China Daily)
The U.S. military struck Iranian targets after a commercial tanker was hit in the Strait of Hormuz, escalating tensions in a critical shipping lane. Iran responded by striking U.S. military sites in Kuwait and Bahrain, threatening to undermine a fragile ceasefire. Analysts warn renewed hostilities could disrupt shipping recovery in the Persian Gulf and push oil prices higher.
AI stocks melted down again this week, with the tech sector recording one of its worst weekly performances in a year. The sell-off marks a sharp reversal for the AI trade that had turbocharged markets in prior months. Despite the rout, some analysts argue the broader economic impact of AI adoption is still accelerating and could eventually lift the sector again.
Donald Trump threatened to impose 100% tariffs on European imports if European countries proceed with digital services taxes on U.S. tech companies. Markets showed little reaction, with analysts describing the threat as largely performative. The proposal echoes similar tariff threats made during Trump's presidency and underscores ongoing transatlantic friction over digital taxation.