BEIJING (AP) – China’s exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers. Exports climbed 5.8% from a year earlier, up from a 4.8% rise in May. Imports also recovered, growing 1.1% in the first increase so far this year, according to customs data released Monday.
Kenvue says that Thibaut Mongon is stepping down as its CEO as the maker of Listerine and Band-Aid brands continues with a strategic review of the company.
Excerpts from recent editorials in the United States and abroad:
BRUSSELS (AP) – The EU will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.
WASHINGTON (AP) – In the past week, President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath.
BEIJING (AP) – China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise. The tariffs, effective on Saturday, will range from 27.7% to 34.9%, China’s Commerce Ministry said.
Bitcoin has reached yet another all-time high, surpassing $118,000 for the first time on Friday – as a flood of money continues to move into spot bitcoin ETFs, all while U.S. President Donald Trump’s crypto-friendly influence makes its way through Washington.
PARIS (AP) – French prosecutors have launched a police investigation into alleged data tampering and fraud involving X, Elon Musk’s platform. The Paris prosecutor’s office, in a statement Friday, announced the opening of the investigation, and said that a branch of the French gendarmerie is conducting the inquiry.