(MNI) London - Kyodo News reports that a draft of the 2025 Defence White Paper, due to be presented to the cabinet as early as July, "criticises the strengthening of cooperation between China and Russia, including military activities, as "a grave concern for our national security." It points out that China and Russia are strengthening their capabilities to hinder other countries' use of space, and that there is a possibility that nations and militaries are involved in cyber attacks."
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China's MoF formally hike tariffs on US goods, raising tariffs on US goods to 84%, and adding more US firms to China's unreliable list, and the export control list.
Equities slip on that China tariff raise - we knew Chinese leadership were set to meet to discuss capital markets, but it wasn't necessarily expected it would result in a tariff raise to 84% on US goods.