South Korea's export growth in the Southeast Asian market may represent an endeavor toward trade diversification. This trend may hold significant importance for expanding the Asian market.

In recent times, some American politicians and media outlets have deliberately exaggerated the US' trade deficit with China, claiming that the US suffers losses in international trade. These narratives attempt to justify Washington's efforts to escalate economic and trade tensions with China. This distorted "loss narrative" not only fails to address the structural problems of the US economy but also serves as a prominent disruption in current China-US trade relations. Breaking free from this zero-sum mindset is key to understanding the mutually beneficial nature of China-US trade and promoting stable, healthy, and sustainable bilateral economic cooperation.

Amid concerns over the uncertainty of US policies, calls for improving relations with China seem to be gaining traction in Canada. To make meaningful progress, Canada needs to set aside ideological biases and embrace a pragmatic approach to the development of bilateral ties.

The recent uptick in the performance of A-share and Hong Kong-listed biotech stocks, particularly those related to innovative drugs, mirrors the trend toward a faster internationalization of China's pharmaceutical sector. As reported by the Securities Times, the biotech sector in China's A-share market rose on Thursday afternoon, with the concept of innovative drugs attracting fresh interest. In the Hong Kong stock market, several stocks rose, including Sino Biopharmaceutical.

In the bustling heart of China's export powerhouse, Yiwu, located in East China's Zhejiang Province, a campaign to expand imports is underway. According to a report released by Yiwu Fabu, the city's official social media account, on Wednesday, the Yiwu Bonded Logistics Centre achieved imports of 6.907 billion yuan ($961.2 million) from January to May, a 49.2-percent year-on-year increase. Notably, imports for May alone reached 2.48 billion yuan, up 149.7 percent, setting a new record.

BRI science and technology cooperation is committed to enabling developing countries to keep pace with the global scientific and technological revolution and ensuring the fairness and accessibility of industrial transformation.

Brazil's plan to sell its first sovereign debt in the Chinese market is an important step for Brazil in expanding its financing channels and strengthening financial cooperation with China, as well as a clear indication of the growing appeal of the yuan as an international currency.

The European auto industry is rapidly transitioning toward electrification. On the one hand, European carmakers are facing stricter emissions targets; on the other hand, there is a growing acceptance of EVs among European consumers. These factors present opportunities for the growth of the EV industry. A key issue for Europe is how to seize this opportunity to further expand the EV market.

Australia's potential pivot toward expanding free-trade agreements reflects a broader global trend, fueled by increasing awareness among nations of the destabilizing risks posed by US trade protectionism.

In recent days, some US officials and media outlets have consistently raised concerns about the rare-earth issue. These claims by US media outlets are clearly an attempt to sway public opinion, deliberately stirring up confusion ahead of China-US trade talks. However, only through mutual respect can the US find answers to the rare-earth issue.

Considering the public's welfare, it becomes essential for the US to further lower its tariffs imposed on Chinese imports. Doing so would allow American families to access high-quality imported goods at more affordable prices.

By further optimizing innovation transformation processes and fostering an open innovation ecosystem, the Yangtze River Delta is well-positioned to strengthen its efforts in building world-class industrial clusters, playing an increasingly central role in global economic and technological competition.

The US economy stands at a critical crossroads between growth and recession. The trajectory will largely hinge on the ability of policymakers to address a myriad of pressing challenges, including inflationary pressures, labor market dynamics, and tariffs.

Foreign healthcare providers are increasingly viewing medical tourism as a promising growth frontier in China, as the world's second-largest economy deepens its high-level opening-up and accelerates the development of its services trade sector - reshaping the landscape of its healthcare industry, particularly in international medical tourism.

In recent remarks about China, US Treasury Secretary Scott Bessent's comments have been summarized by some media outlets as suggesting that China has a "choice" on whether or not to be a "reliable partner." This comes at a time when the US has initiated a tariff storm, causing significant disruptions to the global economy, while China continues to expand its high-level openness and actively support multilateralism. Against this backdrop, the question of who qualifies as a reliable partner to the rest of the world - and who should make more effort and has a "choice" toward that end - appears to have an obvious answer.

In a move that highlights Shenzhen's dual focus on sci-tech innovation and high-level opening-up, the city's Commerce Bureau and Development and Reform Commission have jointly released the Implementation Plan for Promoting High-Quality Development of Service Trade and Digital Trade, according to an official post published Wednesday on the "Shenzhen Release" WeChat account. The plan sets an ambitious goal: by 2030, digitally deliverable services will make up more than 50 percent of Shenzhen's total services trade volume.

In a recent BBC article titled "How electric scooters are driving China's salt battery push," the spotlight was cast on the burgeoning role of electric scooters in advancing China's battery technology, specifically through the development of sodium-ion batteries. While the focus on electric scooters provides a fascinating glimpse into the sector, it does not fully represent China's battery industry, as the application scenarios for sodium-ion batteries are not limited to electric scooters.

In the face of the US tariffs on auto imports, the latest sales results from South Korean automakers have drawn significant attention, shedding light on the remarkable resilience of the Asian vehicle industrial chain.

The US plan to double tariffs on imported steel and aluminum from 25 percent to 50 percent starting from Wednesday has raised significant concerns and opposition, highlighting the risks of trade tensions stemming from unilateral protectionism.

In recent years, Hungary has become increasingly attractive to automakers and automotive supply chain companies amid its enhanced cooperation with Chinese EV firms. According to Business Korea, Solus Advanced Materials operates the sole copper foil production plant in Europe, located in Hungary.

Editor's Note: The global economy faces profound shifts as rising unilateralism challenges the multilateral trade order. How should countries respond to these challenges? What is China's role in safeguarding the multilateral trading system? In an exclusive interview with the Global Times (GT), Nan Li Collins (Li), senior director of the Division on Investment and Enterprise at UN Trade and Development (UNCTAD) and chair of the UN Sustainable Stock Exchanges Initiative, shared his views.

Since the start of the year, the US has introduced a series of unilateral measures, rekindling global trade tensions. In particular, the so-called "reciprocal tariff" policy has posed a grave threat to the stability of global supply chains and the global economy. As the global economy is facing multiple challenges such as geopolitical risks, the resurgence of protectionism, and supply chain restructuring, stable, open, and mutually beneficial cross-regional cooperation is particularly valuable.

There is an acknowledgment within the European EV supply chain that cooperation with China is not only vital for reviving the European battery industry but also offers opportunities to capitalize on the complementary strengths of both industries.

The US tariffs already implemented have placed a heavy burden on the US economy. The imposition of a 25-percent tariff on imported vehicles, initiated in April 2025, aims to revitalize America's domestic auto industry, but industry experts warn that these tariffs could disrupt the global automotive supply chain and have negative impacts on auto manufacturing in the US.

The euro's journey toward a greater international role is a complex and challenging one. However, by embracing cooperation with developing countries, the eurozone can find a new path forward.

The ongoing economic exchanges between the mainland and Hong Kong, coupled with increasingly integrated transportation networks and measures to facilitate travel, are expected to bolster people-to-people exchanges and create more opportunities for consumption. This "consumption dividend" becomes particularly evident during holiday periods, manifested through tourism.

If there is any competition between China and the US in Latin America, it should not be a zero-sum game. Instead, it should be about which country can provide more development and win-win cooperation opportunities for Latin American nations.

The resumption of the China-Vietnam international passenger rail service offers just a glimpse into the complex web of transportation, trade and industrial networks that interconnect China and ASEAN economies. These networks prove to be able to endure external pressures, amid the backdrop of US tariff policies disrupting global supply chains.

The 4th China-CEEC Expo and International Consumer Goods Fair concluded on Sunday in Ningbo, East China's Zhejiang Province. The event highlighted continuously growing China-CEEC cooperation despite headwinds in global trade.

Although Hong Kong's logistics industry faces a complex and challenging global trade landscape in recent years, its unique advantages make it well-suited to serve as a regional logistics hub and further strengthen its critical role in global trade.

China and the US made substantive progress in the Geneva trade talks. The recent tariff rollback represented a positive step, reflecting China's continued commitment to de-escalating trade tensions and safeguarding global economic stability amid US political complexities. Beijing demonstrated flexibility and responsibility by supporting global supply chains and strategic sectors.

Following the China-US trade talks in Geneva, Switzerland, American companies have once again triggered a "shipment surge" from China. The wave of accelerated imports to the US is a manifestation of the intertwining and complementary economic and trade ties between China and the US.

As the market faith that has long unconditionally backed the US dollar and Treasury bonds begins to wane, the halo of US Treasury debt as the risk-free asset is rapidly dissipating.

China's first export of standardized new-energy locomotives to Kazakhstan marks a milestone for BRI's green vision. Such clean-energy projects highlight how BRI drives economic growth while addressing global climate challenges.

Washington's repeated efforts to take unilateral measures against Chinese manufacturing increasingly look like a self-defeating game, which inflicts damage on its own economy while proving futile in hindering China's development.

There is growing evidence of South Korean businesses showing an increased interest in the Chinese market. This shift, driven by market forces, underscores the necessity for Asian economies to enhance internal economic cooperation and embrace a higher degree of openness amid the increased uncertainty and challenges brought by US tariff policies.

It appears that the USTR office is planning to stage another political show over tariffs on Chinese-built cranes. Yet, the strong opposition from the domestic sector shows that a policy prioritizing political posturing over economic reality is fundamentally unviable.

The steady rise in foreign holdings of Chinese government bonds signals growing confidence among global investors in the stability and long-term resilience of China's economy. At a time when international markets are grappling with volatility and uncertainty, the relative appeal of yuan-denominated assets is on the rise.

The US government might hope its tariff policies would bring an influx of investment to the American economy. However, according to a report by Politico on Sunday, some of the people working to lure those investments to US cities and states said they're not seeing the investment boom, at least not so far. This adds to the evidence that Washington's tariff policies may make it difficult to achieve the desired effects, as economic realities are far more complex than political slogans.

At a time when the global economic outlook faces multiple uncertainties, the deepening integration between Hong Kong's capital markets and the Chinese mainland's high-tech companies has been increasingly of significant strategic importance. This evolving relationship strengthens Hong Kong's position as a leading international financial center while establishing a vital financing avenue for the mainland's technology sector, particularly as the US intensifies its technological containment strategy against China's high-tech advancements.

In a move that underscores the economic value of 5G technology, the world's first 5G-Advanced (5G-A) open-pit mine in Hulunbuir, North China's Inner Mongolia Autonomous Region, has started operating a fleet of 100 unmanned electric mining trucks, according to media reports on Sunday. This is seen as another example of how various advanced technologies including artificial intelligence (AI) are empowering the traditional mining sector and driving the digital transformation of conventional industries.

With the US continuing to tighten restrictions on chip exports to China, US-based chip giant Nvidia's struggle to adjust exports to one of its key markets has once again come into the spotlight.

The trade agreement reached between China and the US in Geneva, Switzerland has drawn global attention, which has received positive responses from various sectors.

This year marks the conclusion of China's 14th Five-Year Plan (2021-25) period. The 2025 Government Work Report has underscored the importance of fully meeting the plan's objectives, setting a solid foundation for a strong launch of the 15th Five-Year Plan (2026-30).

The latest projections from the APEC present a concerning outlook. The situation underscores the growing urgency of strengthening multilateral cooperation to tackle various development bottlenecks. And China has been a steadfast supporter of multilateralism.

In the first four months of this year, the issuance of panda bonds - yuan-denominated bonds issued by foreign financial institutions in China - reached 62.2 billion yuan ($8.6 billion), according to a report by the Xinhua News Agency on Wednesday. This expanding market not only testifies to China's commitment to high-level financial opening-up but also reflects a growing global appetite for the yuan.

As China advances its unilateral visa-free policy and expands international flight routes, the country is experiencing a significant increase in foreign tourist arrivals. This, beyond goods trade, provides us with an interesting perspective to examine China's resilience and potential in services trade – an essential component of foreign trade that is emerging as a new driving force for the development of trade chains.

The immediate increase in container freight rates is a direct reflection of market expectations regarding the continuity of manufacturing links between the US and China. It also paints a telling picture of the efficiency and flexibility of China's manufacturing sectors.

Brazil's renewed currency swap deal with China underscores deepening financial ties between the two countries, serving as a positive example for other Latin American countries amid the volatility of the international financial market.

Despite increasing economic uncertainty and trade disruption caused by some countries' rising protectionism and unilateral tariffs, the stability and continuity of Chinese investment in Germany underscore the strong resilience of China-Germany economic and trade cooperation, which proves that mutually beneficial cooperation prevails over misguided protectionism.

The energy cooperation between China and Canada has emerged as a topic of growing significance. Yet, realizing the full potential of this complementary relationship hinges on Canada's ability to adopt a more pragmatic approach toward China.

Recent economic statistics vividly illustrate China's resilience in the face of external pressures, providing a strong counter-narrative to the "China collapse theory" promoted by some Western analysts. This theory resurfaced in the wake of US tariffs that have unsettled the global economy for some time, although they are to be adjusted, it was announced on Monday.

Despite facing external challenges, China's steel industry has continued to focus on internal improvement and lay a solid foundation for the wider manufacturing sector. This stands in stark contrast to the US strategy of trying to revive its steel industry through tariffs.

Although US government officials have chosen to downplay the negative impact of tariffs on the American economy, an increasing number of local officials and business leaders are raising alarms, and more economists are warning of recession risks.

As the first high-level trade talks between China and the US takes place in Switzerland over the weekend since the US government imposed steep "reciprocal tariffs" in April, global attention is not only on the meeting itself but also on the wider economic context surrounding them. In the face of the US unilateral tariffs and bullying, China is responding with confidence, upholding opening-up to foster stability and countering the uncertainty created by US tariff policies.

The Chinese understand that compromise under pressure does not bring peace or respect. In this context, China does not need to rush during the talks, considering that its economic resilience, particularly in the face of US tariffs, affords it a flexible strategic space. China will not, and indeed does not need to, make concessions on matters of principle.

China's private sector promotion law, which will come into effect on May 20, represents China's first fundamental legislation dedicated to shoring up the private sector. Notably, sci-tech innovation is included as an independent chapter among the nine chapters of this landmark law.

From the perspectives of trade structure and industrial competitiveness, China's economy has demonstrated greater resilience against the US coercion, particularly if the US government stubbornly persists with its steep tariff policy, leading the trade relationship into a prolonged deadlock.

Powell's comments and the Fed's wait-and-see approach, while seemingly in line with market expectations, lay bare the central bank's concerns about the potential repercussions of the US tariff policy on the broader economy.

China's monetary and financial authorities on Wednesday unveiled supportive measures that cover various aspects of the economy, including monetary policy and the stock, foreign exchange, bond and real estate markets. This package is notable for its intensity and targeted approach, sending a powerful policy signal that is expected to further boost confidence and stabilize expectations.

The participation of Chinese companies in the Smarter E Europe 2025 not only reflects China's advancements in clean energy technology but also underscores the increasingly close and indispensable complementary relationship between China and Europe in the energy transition.

US Treasury Secretary Scott Bessent's skepticism and bearish stance on the Chinese economy have encountered a rather ironic twist of fate. China's GDP grew at a robust 5.4 percent in the first quarter, in sharp contrast with the US, where GDP decreased at an annual rate of 0.3 percent in the same period, the first decline since the first quarter of 2022. This juxtaposition not only challenges the narrative of China's economic fragility in the face of US tariffs but also raises questions about the endurance of the US economy amid the chaos sparked by tariffs.

It seems that the recent developments surrounding US export controls on advanced artificial intelligence (AI) chips underscore its deepening anxiety in the face of China's technological advancement. Its reliance on an escalating chip blockade, aimed at preserving US technological hegemony, is a short-sighted approach that won't help in enhancing the competitiveness of the AI industry in the US and curbing China's technological progress in this crucial field.

Given its status as the world's foremost hub for the production and sale of electronic components, it's unsurprising that China's electronic component sector has caught the eye of investors. Currently, although the US frequently wields the tariff stick, which presents challenges to the global industrial chain, several factors continue to bolster the inherent growth potential of China's electronic component industry in the face of ever-changing external conditions.

Some indicators hint that we might see continued volatility in the currency markets for a while. According to Bloomberg, a sharp rise in both common and more remote option wagers shows that traders are preparing for bigger market swings to become the norm.

Australian Treasurer Jim Chalmers said that the re-elected Labor government's first priority will be to address global economic uncertainty. The stated priority could mean greater win-win cooperation with China.

By abandoning multilateral trade rules and wielding the unilateral tariff stick, the US seeks to achieve policy objectives like reducing trade deficits. However, this strategy, rooted in misguided assumptions, is likely to backfire. If the US continues down this path, it will have significant repercussions for the global trade system, ultimately undermining its own standing.

In the US government's calculation, imposing tariff hikes is seen as a strategy to reduce dependence on China and revitalize American manufacturing. However, in the long run, this misguided approach is unlikely to succeed.

The US port fees imposed on Chinese vessels have cast a shadow over its energy export industry, showing the self-defeating attempt to contain China's shipbuilding industry is set to backfire.

Amid growing protectionism on the global stage and its impact on international trade, the impressive attendance at the 137th Canton Fair underscores China's enduring allure in the international marketplace. The event, which concluded on Sunday, saw an unprecedented attendance of 224,372 overseas buyers from 219 countries and regions, according to media reports, setting a new record for this segment. This turnout invites a closer look at the resilience and adaptability of China's foreign trade in the face of increasing global economic uncertainty.

China's AI industry surpassed $96.06 billion in 2024, sustaining over 20 percent growth for several years. As AI continues to permeate global economies, China's role as a driver of inclusive, innovative growth will only become more pronounced.

CNN reported on Saturday that the US' 145 percent tariff on China "could crush American small businesses." John Arensmeyer, founder and CEO of Small Business Majority, said that US small businesses will have to raise prices, cut staff, delay growth plans or shut down entirely just to keep up with the rising costs of imports they can't source domestically. Meanwhile, a small business owner told CNN that "there's no facility here that makes what we need."

There seem to be some voices surfacing these days, fearing that, as a result of the upheaval caused by US tariff policies, Chinese goods may flood into the European market in large quantities. However, these worries overlook the long-standing mutually beneficial nature of China-Europe trade, essentially representing unnecessary noise in normal trade cooperation.

The US government has sought to revitalize manufacturing through measures like tariff increases; however, this approach appears to have fallen short. The tariff policy is not expected to help the US achieve its intended goals due to a variety of contributing factors. It is essential for the US government to reassess its tariff strategies and explore more effective methods to promote the growth of the manufacturing sector.

Reports surrounding potential large-scale layoffs at Intel have once again thrust the US chipmaking sector into the spotlight, highlighting the urgent need for effective solutions rather than misguided policies that may exacerbate the industry's challenges.

In the first quarter of this year, China's trade through the New International Land-Sea Trade Corridor exceeded 200 billion yuan ($27.4 billion), reflecting year-on-year growth of more than 10 percent, CCTV News reported on Wednesday. This progress highlights the resilience of and potential for diversified expansion in China's foreign trade, especially in the face of increasing global unilateralism and protectionism.

The innovation achievements of China's new-energy vehicle (NEV) industry in key technology areas are providing more diversified technological pathways and supply chain support for the global industry. The continuous release of this innovation potential further consolidates China's pivotal role in the global automotive industry chain, rendering any attempts to exclude China's EV technology from global supply chains futile.

As South Korea gears up to host welcoming events for international tourists, starting this week, it presents a lens through which to observe the complex and multifaceted cooperation between South Korea and its economic partners, including China.

The US Trade Representative's so-called Section 301 investigation and related restrictions on China's maritime, logistics and shipbuilding sectors are expected to trigger a chain reaction that could worsen inflation in the US and threaten the fundamental stability of global supply chains.

The US government has grown accustomed to scapegoating other nations for its domestic problems, yet such tactics fail to address underlying structural issues. The current administration's irrational escalation of tariff policies will ultimately harm not only its own consumers and businesses but also the global economy.

The substantial losses incurred by Taiwan Semiconductor Manufacturing Co's (TSMC) factory in the US state of Arizona illustrate both the consequences of ignoring market logic and the deep-seated difficulties the US faces in its attempt to forcibly restructure global semiconductor supply chains through political intervention.

On Monday, gold prices experienced a consistent rise, both internationally and in domestic markets. Several gold futures contracts on the Shanghai Futures Exchange surpassed the 800 yuan ($109.7) per gram mark, reaching new highs. This increased interest in gold is not just a reflection of rising demand for safe-haven assets; it may also hint at deeper structural shifts emerging within the global financial markets.

At a time when global trade is facing many uncertainties, China's logistics supply chain has emerged as a stabilizing force, driving international economic cooperation through its robust transportation networks and innovative solutions.

Vietnam's new energy policy not only charts a path for the country's energy transition but also creates new opportunities for enhanced China-Vietnam cooperation in the realm of green energy. This collaborative effort will also catalyze regional green grid integration through enhanced electricity market connectivity across Southeast Asia.

As two major EV markets, strong performances in China and Europe significantly affect the global market. Challenges like Europe's tariffs on Chinese EVs and US auto tariffs persist, yet both regions show robust potential. If Europe reduces protectionist measures, cooperation between these markets could further boost the EV sector.

According to the so-called reciprocal tariff policy announced by the US government, once implemented, the tariffs will impact 86 countries. Although the US later announced a 90-day suspension of tariffs on some countries, this decision did not eliminate the impact and uncertainty it introduces to the global trade landscape.

Since the beginning of the year, economists around the world have increasingly focused on a single term: uncertainty. This seemingly abstract concept now looms over the global economy like an ever-thickening haze.

As China navigates the complexities of international trade and technological competition, its focus on expanding legacy chip production is not merely a response to US sanctions but a strategic move to build a resilient domestic supply chain.

An executive order aimed at lowering prescription drug prices was signed on Tuesday in the US. The order directs the Department of Health and Human Services to take steps to significantly reduce drug prices for American patients. It's a well-documented fact that the cost of pharmaceuticals in the US is higher than in many other nations, a disparity that has long fueled calls for reform in the country. However, the path to lower drug prices is now complicated by an additional factor: tariffs.

As Asia emerges as a new highland in global cooperation and development despite rising trade protectionism from the US, the further upgrading of the China-South Korea Free Trade Agreement (FTA) is undoubtedly a vital part of this process, carrying profound implications for not only the regional industrial chain but also market integration and expansion.

In a move celebrated by Washington's political leaders as a milestone in leading the "American-Made Chips Boom," Nvidia's announcement of plans to manufacture its artificial intelligence (AI) supercomputers entirely in the US has been highlighted on the White House's official website. This initiative is part of the company's pledge to produce $500 billion worth of AI infrastructure in the US over the next four years. However, the path forward in the "American-Made Chips Boom" is likely to be more complex and fraught with challenges than the initial excitement might suggest.

In the face of the US bullying behavior by using tariffs as a weapon to exert "maximum pressure" on all trading partners, China has firmly upheld the rules-based multilateral trading system by taking countermeasures, demonstrating its commitment as a responsible major country in maintaining fairness and justice in global trade.

In the sphere of global trade, the BRI serves as a powerful example of the benefits of international cooperation. Projects like the China-Europe Railway Express, the Hungary-Serbia Railway and the Jakarta-Bandung High-Speed Railway have significantly lowered the costs of cross-border transportation and transactions for goods. This has led to improvements and increased efficiency in global industrial and supply chains, showcasing the real advantages of joint economic efforts.

A recent CNBC article spotlighted growing concern among investors regarding a potential exodus from US assets, as both US Treasury debt and the dollar experience a downturn. The April sell-off in financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and constantly changing trade policy from Washington could be doing long-term damage to the financial standing of the US, the report said.

As an important global trade fair for electronics, Electronica China 2025 will provide a comprehensive platform to boost global cooperation along the entire electronics industrial chain, from product design and development to application implementation, which will once again underscore China's pivotal role in the global electronics supply chain, despite challenges posed by US tariff hikes and tech suppression.

In the first quarter of 2025, the development index for Chinese small and medium-sized enterprises (SMEs) reached 89.5, the highest since 2020, China Central Television (CCTV) reported on Thursday. This figure, unveiled by the China Association of Small and Medium Enterprises (CASME), not only signifies the positive trajectory of China's SMEs but also underscores the resilience of the Chinese economy amid considerable international economic uncertainties, including those sparked by US tariffs.

At a time when US tariffs are disrupting the global trade order in pursuit of a new "America First" order, the multilateralism represented by the World Trade Organization (WTO) becomes not only crucial for sustaining global trade stability but also imperative for averting a dangerous slide into zero-sum trade confrontations. China's recent actions at the WTO underscore this urgency.

The strong industry resistance to a US port fee proposal is a stark indication that unilateral measures weaponizing trade have collided with economic reality, facing fierce pushback from industries reliant on efficient global supply chains.

In a recent interview in the UK, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said that Hungary has ascended to become the world's second-largest producer of electric vehicles (EVs), a milestone achieved largely through partnerships with Chinese EV companies, China Central Television reported on Wednesday. Szijjarto's disclosure underscores the perspective that China's swift progress in the EV sector should be viewed as an opportunity rather than a threat.

The series of tariff measures announced by the US on April 2 continue to stir economic turbulence. US President Donald Trump hailed this day as "Liberation Day." However, with the rollout of tariffs exceeding expectations, international opinions have branded it as “Isolation Day,” “Inflation Day,” or "Recession Day." Washington hopes to rebalance trade and bolster American manufacturing through "reciprocal tariffs.” Yet, as some economists point out, tariffs are unlikely to restructure the US economy in the way that the Trump administration intends. A most probable outcome of tariffs is isolationism, synonymous with higher inflation and lower economic growth.