China threatens to launch trade probes against the European Union, escalating trade tensions.

US proposal during USMCA restructuring talks with Mexico aims to increase US content requirement from 75% North American rule, WSJ reports.

The US government's proposal, part of USMCA restructuring talks with Mexico, would also seek to increase US content from the current 75% North American rule, according to the Wall Street Journal.

Trump admin expected to propose USMCA change requiring 50% of auto parts from U.S. sources for lower tariffs, per sources.

The Trump administration is expected to propose an amendment to the U.S.-Mexico-Canada Agreement requiring that half of automobile components and materials originate from U.S. sources to qualify for lower tariffs, according to sources familiar with the matter.

Former Shaolin Temple abbot Shi Yongxin sentenced to 24 years in jail for embezzlement and bribery, court in Xinxiang, China rules.

Shi Yongxin, former abbot of the Shaolin Temple, was sentenced to 24 years in prison for graft by a Chinese court on Friday, according to Xinhua News Agency.

ByteDance designs chips to bypass US export restrictions on high-bandwidth memory. New chip may eliminate need for restricted HBM, advancing China's self-sufficiency.

ByteDance's new chip design may eliminate the requirement for high-bandwidth memory chips, which face strict U.S. export restrictions to China.