From China unveiling CJ-1000 cruise missiles to Trump’s tariffs hurting Asian-American businesses, here’s a round-up from today’s coverage
As the trade war between the world’s two largest economies drags on, the impact is already showing: China’s exports to the United States were down 15.5 per cent year on year in the first eight months of 2025.
But US tariffs are not affecting China equally. Some provinces have recorded steep drops in US exports; others have continued to see shipments soar – in some cases by as much as 265 per cent.
US President Donald Trump on Thursday hinted at the possible extension of a trade truce with China and at facilitating a deal for TikTok’s continued operation in America, as the market eagerly awaits any signs of progress in an anticipated phone call between the two countries’ leaders today.
Amid the roar of China’s military parade on September 3, a few trucks rolled through Tiananmen Square with camouflaged loads tagged “CJ-1000”. The trucks were hauling surface-launched hypersonic cruise missiles also known as Long Sword-1000s – weapons designed for ultra-long-range strikes on “system-node targets on the ground, at sea or in the air”, according to Chinese state media.
