China-US tech rivalry intensifies on multiple fronts
A series of SCMP reports examines the escalating technological competition between China and the United States. Questions are being raised about whether America can sustain a prolonged conflict with China given economic and industrial constraints. China has imposed export curbs on tungsten, a critical mineral, potentially threatening Japan's AI chip manufacturing supply chain. Meanwhile, Huawei's semiconductor efforts led by its 'chip queen' are being closely watched as a potential breakthrough in China's pursuit to bypass US tech blockades.
Switzerland is holding a referendum on a proposal to cap the country's population at 10 million, a move being described as the nation's own 'Brexit moment.' The vote could set up a major confrontation with the European Union, which guarantees free movement of people. Results are being awaited as the proposal has sharply divided Swiss society between those concerned about overcrowding and those warning of economic and diplomatic consequences.
President Trump announced that a US military strike has killed the top leader of the Tren de Aragua gang, a violent Venezuelan criminal organization. The operation was reportedly conducted with assistance from Venezuelan authorities. Multiple news outlets confirmed the strike, marking one of the most significant US counter-narcotics operations in Latin America in recent years. The New York Times reported that both US and Venezuelan officials described it as a joint operation.
Negotiations between the United States and Iran over a potential agreement remain in turmoil, with both sides issuing contradictory statements. Trump has suggested a deal is close and could be signed within days, while other reports indicate fresh strikes are being traded in the Middle East. The Guardian described the process as a 'Trump rollercoaster,' and the NYT reported that Iran appears more willing to withstand pressure. China Daily covered both the prospect of a deal and ongoing military tensions.