
The country that could indirectly benefit from the intensifying US-China trade war is Brazil, which finds itself in a strategic position to increase its market share of soybean exports to China.

The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.

U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese state media said on Friday. China has stepped up its war of words with the United States since President Donald Trump threatened on Monday to hit US$ 200 billion of Chinese imports with 10% tariffs if China retaliates against his previous targeting of US$ 50 billion in imports.

Following days of fierce global criticism, President Donald Trump signed an executive order to end his policy of family separations along the U.S.-Mexico border. Trump signed the order on Wednesday, saying he “didn’t like the sight or the feeling of families being separated.”

Kim Jong Un declared North Korea's unstinting “friendship, unity and cooperation” with Beijing during his third visit to China this year, in a show of loyalty to his main ally following a landmark summit with US President Donald Trump.

General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm's fortunes and changes to the US economy. Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy. The change takes effect on 26 June.

The United States is leaving the United Nations’ Human Rights Council, US envoy to the UN Nikki Haley announced on Tuesday, calling it “an organization that is not worthy of its name”, and marking the latest withdrawal by the Trump administration from an international institution.

Global Times Editorial
The Trump administration announced tariffs on Chinese high-tech and industrial imports worth of US$50 billion. The first round, on imports totaling US$34 billion, will begin July 6, while the second round is still under review.

The following editorial on the current US/China trade war was published by the official news agency Xinhua,

If the Singapore meeting between Donald Trump and Kim Jong Un had been a zero-sum game, then Trump definitely lost. But maybe it wasn't. Kim got a meeting with Trump on terms of strict equality right down to the number of flags on display, which is a huge boost for his regime's claim to legitimacy.