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China rebukes Trump’s tariff threats on trade issues

China criticizes Trump’s tariff threats over fentanyl, warns it won’t solve U.S. issues, signals potential for escalating trade war.

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China has criticized President-elect Donald Trump’s proposed tariffs on Chinese goods, attributing the U.S. opioid crisis to that country’s policies.

Trump announced plans to impose a 10% tariff to pressure China regarding fentanyl trafficking. He had previously hinted at tariffs of over 60% during his campaign.

Chinese commerce ministry spokesperson He Yadong reiterated China’s stance against unilateral tariffs, emphasizing that such measures would not resolve U.S. issues. He called for adherence to World Trade Organization rules and collaboration to foster stable trade relations.

Analysts predict a contentious four-year trade conflict, potentially more severe than the previous trade war marked by tariffs between 7.5% and 25%. Howard Lutnick, Trump’s nominee for Commerce Secretary, indicated tariffs could rise to 200% in response to what he characterized as a Chinese attack on America through fentanyl.

Chinese media have warned that new tariffs could lead to a damaging trade war between the two countries.

They praised certain U.S. companies for their collaboration amidst rising tensions, a pattern reminiscent of the prior trade conflict.

In that context, the state-owned Global Times highlighted companies like Apple and Tesla, advocating for U.S. policymakers to facilitate a favorable business environment.

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Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

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Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.


Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

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#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews


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Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

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Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.


The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

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#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis


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EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

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EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.


The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

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#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI


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