ASIA

104% TARIFF ON CHINA TAKES EFFECT AS SWEEPING U.S. TRADE MEASURES ESCALATE GLOBAL TENSIONS

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In a bold and controversial move, President Donald Trump's sweeping global tariffs took effect just after midnight Wednesday, targeting nearly 90 countries. Chief among them: a staggering 104% total tariff on Chinese imports, marking one of the most aggressive trade actions in recent U.S. history.

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NORTH KOREAN MARATHON RETURNS AFTER 6 YEARS

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North Korea has held its first Pyongyang International Marathon in six years, welcoming about 200 foreign runners. The marathon, which began in 1981, traditionally celebrated the April birthday of founding leader Kim Il Sung.

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S KOREA PLANS PRESIDENTIAL ELECTION FOR 3 JUNE

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South Korea will hold a presidential election on June 3 after its constitutional court removed Yoon Suk Yeol from the presidency. Yoon was impeached in December for declaring martial law, and the court upheld the impeachment on April 4, triggering a snap election within 60 days.

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TIKTOK DEAL WITH US INVESTORS PUT ON HOLD DUE TO TARRIF TENSIONS

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Months of delicate negotiations aimed at securing a deal to transfer TikTok's U.S. operations to American investors hit a roadblock this week, emblematic of the escalating trade war tensions between the United States and China. The deal, which had gathered momentum with the support of major U.S. investors like Oracle, Blackstone, and Andreeson Horowitz, was nearing finalization under terms approved by both ByteDance and the Trump administration.

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PORSCHE SALES PLUNGE AS CHINA DEMAND CRASHES AND LAYOFFS ON THE WAY

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Porsche's reputation as a premium automotive leader was tested this week, as the German carmaker reported a 4.9% drop in share price following its second profit warning in two months. The company's grim outlook—rooted in weakening global demand, rising costs, and fierce competition—signals deeper structural challenges for the luxury brand.

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SOUTH KOREA'S YOON REMOVED FROM OFFICE AS COURT UPHOLDS IMPEACHMENT OVER MARTIAL LAW

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In a historic ruling Friday, South Korea's Constitutional Court unanimously ousted President Yoon Suk Yeol, upholding parliament's impeachment motion over his controversial imposition of martial law last year. The decision marks the culmination of months of political turmoil that has gripped the nation.

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CHINA VOWS TO FIGHT AS TRUMP THREATENS 50% TARIFF HIKE, ESCALATING U.S.-CHINA TRADE WAR TENSIONS

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China has vowed to "fight till the end" after US President Donald Trump threatened to impose an additional 50% tariff on Chinese imports if Beijing doesn't withdraw its retaliatory measures by Wednesday. This dramatic escalation has pushed the world's two largest economies closer to an all-out trade war.

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CHINA LAUNCHES MILITARY DRILLS AROUND TAIWAN, ESCALATES RHETORIC AGAINST PRESIDENT LAI

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China's military initiated extensive joint exercises around Taiwan on Tuesday, deploying army, navy, and rocket forces in what Beijing described as a "stern warning and powerful deterrent against Taiwanese independence." The dramatic escalation follows Taiwan President Lai Ching-Te's characterization of Beijing as a "foreign hostile force" last month.

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