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Chinese geologists just uncovered a gold deposit so massive, it’s turning heads in the mining world. Early reports hint at billions in untapped value buried deep beneath northeastern soil. Chinese geologists have announced the discovery of a massive gold deposit in the northeastern province of Liaoning, describing it as an “easy to mine” reserve. The site is estimated to contain about 1,000 tonnes of gold, a find that follows closely on the heels of another high-value discovery made just months ago in Hunan province. These back-to-back breakthroughs are credited to China’s advancements in mineral prospecting technology, which researchers say are...

So far, American consumers have been shielded from much of the impact. But as the world of international shipping adjusts to his policies, the president is facing a potential reckoning. With the US-China trade war starting to gum up container traffic between the world’s two biggest economies, freight companies are warning of plunging bookings and a surge in “blank sailings” – where ports are skipped or voyages are called off altogether. Earlier this week, America’s most powerful retail executives trooped into the White House to deliver a blunt prognosis: tariffs on Chinese goods risked causing “empty shelves” in two weeks...

China just raised the stakes in its standoff with Washington. Despite President Trump's recent attempts to dial down the rhetoric and hint at possible tariff relief, Beijing isn't budging. A spokesperson from China's Commerce Ministry flatly rejected any notion of progress, calling U.S. claims of renewed dialogue groundless. The message: if the U.S. wants to talk, it needs to first undo the damagestarting with a full rollback of unilateral tariffs, now as high as 145%. China also made it clear that future talks hinge on more than just kind words; Washington needs to get serious about core issues like sanctions...

A Chinese-owned and operated factory complex in Ohio illegally imported workers from China, according to the U.S. Attorney’s Office for the Southern District of Ohio. Last week, the U.S. Attorney’s Office for the Southern District of Ohio released a statement saying that federal officials had seized $126 million in assets related to an investigation into illegal staffing and money laundering. “It is alleged that many of the workers were illegally smuggled into the United States, primarily through Mexico, and encouraged to travel to the Dayton area to be employed by one of the target entities and serve as a workforce...

President Donald Trump told Time magazine in an interview published Friday that genocidal Chinese dictator Xi Jinping called him to discuss trade negotiations — a day after the Chinese Foreign Ministry claimed any reports of such negotiations were “fake news.” China and America are embroiled in an ongoing trade conflict that began when President Trump announced a plan to overhaul America’s trade relations with all economic partners. On April 2, Trump unveiled a list of tariffs imposed on nearly every country that exports goods to the United States, including a 34-percent tariff on China. The White House later told reporters...

Americans barely remember the Mexican-American War, but in Mexico memories of the war and other military quarrels with the United States remain deeply felt. Mexico lost half its territory, including California, in the war that broke out this week in 1846. President Claudia Sheinbaum, who often speaks of Mexico’s sovereignty, said, “We are neither a protectorate nor a colony of any foreign nation.” MEXICO CITY — At the entrance to Mexico City’s largest park lies a towering marble monument to six young military cadets killed in battle. The Niños Héroes — “boy heroes” — died while defending Mexico’s capital...

China has quietly exempted from tariffs some semiconductors made in the United States, in an attempt to protect its leading technology companies from a bitter trade showdown with President Donald Trump.Levies on at least eight classifications of U.S.-made microchips have been dropped to zero, instead of the 125 percent retaliatory tariff rate Beijing has imposed on all other U.S. goods, Caijing, a Chinese financial media outlet, reported Friday.The article was later deleted. But two importers who spoke to The Washington Post confirmed that certain semiconductors are now exempted from tariffs. One company in Shenzhen listed the exemptions on social media...

During an interview with WVON on Thursday, Chicago Mayor Brandon Johnson said “the fluctuations of the market and Trump’s tariffs” have resulted in massive losses to the city “just because of the uncertainty and the chaos.” And also stated that he wants to raise taxes by imposing a financial transaction tax and expressed openness to a corporate head tax and stated that those things, along with lots of other ideas, would put “the burden on the very people that Donald Trump is trying to protect.” While discussing the city’s budget, [relevant remarks begin around 5:35] Johnson said that the budget...

Sen. Rand Paul, R-Ky., is continuing his push against President Donald Trump's tariffs, with legislation he is co-sponsoring against them to come before the Senate next week. Paul says lawmakers should be in control of tariffs, rather than Trump, through the use of a national-emergency law. The discussion will come less than a month after Paul was one of the only two chamber Republicans to vote against his party's budget, which is seen as a key part of the president's tax cuts, The Wall Street Journal reported Wednesday. "I don't have any bad feelings towards the president, but this is...

China on Thursday denied any suggestion that it was in active negotiations with the administration of U.S. President Donald Trump over tariffs, saying that any notion of progress in the matter was as groundless as “trying to catch the wind.” China’s comments come after Trump said Tuesday that things were going “fine with China” and that the final tariff rate on Chinese exports would come down “substantially” from the current 145%.

US President Donald Trump has signaled a potential U-turn on his trade war with China amid continued market volatility, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.” Trump’s remarks, made at a White House news event Tuesday, appear to mark a rhetorical climbdown after weeks of tough posturing and tit-for-tat retaliation that sent tariffs on China beyond a staggering 145%. “145% is very high and it won’t be that high,” Trump said in a question-and-answer session with reporters in the Oval Office. “It won’t be anywhere near that high. It’ll come down...

Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the American central bank, Jay Powell. The president told reporters in Washington on Tuesday he plannned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” The comments sparked a fresh rally on Wall Street, with the S&P 500 blue chip index and the Nasdaq ending the...

It could take up to five years to develop a domestic supply chain to supplant China’s global monopoly in processing rare earths into materials needed to produce everything from iPhones to F-35 fighter jets. While the United States has most of the 17 rare earth elements and 50 critical minerals underground, it has no industrial capacity to refine them into processed metals and magnets, according to Melissa “Mel” Sanderson, American Rare Earths board member and Critical Minerals Institute co-chair. “Currently in the United States, we have zero magnet manufacturers,” Sanderson told The Epoch Times. She said that’s why China imposed...

Pierre Poilievre, leader of Canada’s Conservative Party, seemed set to become Canada’s next prime minister at the start of 2025. For more than a year, his party had a 20-point lead in opinion polls over then-Prime Minister Justin Trudeau’s Liberal Party and momentum toward a landslide victory. Then came President Trump. Trump’s trade war and threats to annex Canada have upended Canadian politics. In less than three months, the Conservatives have gone from heavy favorites to underdogs in an election set for April 28. Poilievre’s problem is bad timing. His preferred foil, the unpopular Trudeau, resigned in March, when Trump’s...

BRICS member China has unveiled the world’s first Gold ATM that melts, tests, and converts gold into instant bank transfers. The ATM has already witnessed long queues of people trying to sell off their generational gold. Users need to book an appointment to use it, and according to early reports, appointment slots are full until as late as May. The Gold ATM is operated by China’s Kinghood Group and is installed at a mall in Shanghai. The machine weighs, checks the quality, and analyses the Gold before dispensing the money equivalent to the price that was put in. The ATM...

China has warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiraling trade war between the world’s two biggest economies. The Asian country respects all parties resolving economic and trade differences with the United States through consultation on an equal footing, but it will firmly oppose any party striking a deal at China’s expense, its Commerce Ministry said. Chinese officials “will take countermeasures in a resolute and reciprocal manner” if any country sought such deals, a ministry spokesperson said, addressing a news report that the Trump Administration was...

Chinese researchers have successfully detonated a hydrogen-based explosive device in a controlled field test, triggering devastating chemical chain reactions without using any nuclear materials, according to a study published last month. The 2kg (4.4lbs) bomb generated a fireball exceeding 1,000 degrees Celsius (1,832 degrees Fahrenheit) for more than two seconds – 15 times longer than equivalent TNT blasts – without using any nuclear materials, it said. Developed by the China State Shipbuilding Corporation’s (CSSC) 705 Research Institute, a key player in underwater weapon systems, the device uses a magnesium-based solid-state hydrogen storage material. Chinese researchers have successfully detonated a hydrogen-based...

Great Wall Motor, a China’s firm, aims for long-distance travel with its next-gen Haval Xiaolong Max hybrid EV. GWM's Haval Xiaolong Max PHEV SUV. credit: GWM China’s Great Wall Motor (GWM) has introduced the second-generation Haval Xiaolong Max plug-in hybrid SUV, featuring updated exterior styling and the company’s in-house Coffee Pilot Plus driver assistance system. The new model promises to offer more range, power, and smart features. Haval Xiaolong Max blends modern styling with practical features The latest Haval Xiaolong Max follows the brand’s “rhythmic natural aesthetics” design language with a refreshed exterior that gives the SUV a more modern...

China accounts for approximately 69% of global rare earth ore production and processes about 90% of rare earth minerals globally...For critical minerals like Neodymium (precision-guided missiles), Gallium (semiconductors), Terbium (sonar), and Graphene (advanced sensors), China's dominance approaches absolute - between 95% and 99%...These minerals underpin every advanced American weapons system, from F-35 fighters and submarines to guided missiles and drones.

Tariffs of up to 45 per cent on Chinese-made electric cars imported into the European Union may be replaced with a new ‘minimum pricing’ system after previously stalled discussions between the two trading partners were re-started. A ‘minimum pricing’ arrangement – also referred to as ‘price floors’ or ‘price undertakings’ – between the European Union (EU) and China would see tariffs abolished and set minimum prices agreed upon. According to Reuters, European trade commissioner Maros Sefcovic has said any new policy would have to be as effective as tariffs, given the approach has previously only been applied on ‘homogenous commodities’....