Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
China has announced that it would let the Trump administration to make the first strike in the looming trade war between China and the United States. After the Trump administration announced that it would impose tariffs on $50 billion Chinese goods, China promptly announced last month it would retaliate in a similar fashion and announced tariffs $50 billion U.S. goods.
The first tranche of Chinese tariffs on $34 billion U.S. goods was set to go live tomorrow, July 6th. However, China has announced that it would allow the U.S. President to make the first strike and announced measures of its own at a later date.
Since the U.S. tariffs were announced to go live on Friday, China also chose to Friday as the day to strike back. However, as China is 12-time zone ahead of Washington, striking Friday means it would strike first. It is likely that while China allowed the U.S. to go ahead, it would not wait much to retaliate and an action on trade is likely over the weekend.
