Trump news at a glance: US-China trade relations falter amid fragile trade truce
President Donald Trump had this May hailed a 'total reset' of US-China relations, but trade relations between the world's two-largest economies have faltered since, highlighting the fragility of the truce.
The US is now complaining that China not delivered on its promises to roll back restrictions on the export of key critical minerals, with Trump saying on Friday that China had 'totally violated' the agreement.
China has also hit back, with its commerce ministry saying this week that China 'is determined to safeguard its rights and interests'. It also denied the accusation it had undermined the 12 May agreement.
Here are the key stories at a glance:
China has accused the US of 'seriously violating' the fragile US-China detente that has been in place for less than a month since the two countries agreed to pause the trade war that risked upending the global economy.
Read the full story
A pro-Donald Trump journalist says she was fired from her job after criticizing the president's secretary of defense, Pete Hegseth, over his attempts to restrict media access at the Pentagon.
Read the full story
At least 20 Planned Parenthood clinics across seven states have shuttered since the start of 2025 or have announced plans to close soon – closures that come amid immense financial and political turbulence for the reproductive health giant as the United States continues to grapple with the fallout from the end of Roe v Wade.
Read the full story
Millions of acres of Alaska wilderness will lose federal protections and be exposed to drilling and mining in the Trump administration's latest move to prioritize energy production over the shielding of the US's open spaces.
Read the full story
Political leaders across the US have condemned what they describe as a horrific, antisemitic attack in Boulder, Colorado, after a man allegedly used a makeshift flamethrower and incendiary devices to target people at a rally calling for the release of the hostages held by Hamas.
Read the full story
Donald Trump has pardoned two south Florida shark divers convicted of theft for freeing 19 sharks and a giant grouper from a fisherman's longline several miles from shore. Pardons for Tanner Mansell and John Moore Jr were signed on Wednesday. They had been convicted in 2022 of theft of property within special maritime jurisdiction.
Read the full story
Trump administration officials sparked a huge protest in a Boston suburb after immigration agents detained a high school student while they were seeking his father.
US senator Joni Ernst triggered fierce criticism after making light of voters' fears that Republican Medicaid cuts could prove fatal.
Massachusetts Institute of Technology barred its 2025 class president from attending her graduation ceremony after she delivered a speech condemning the war in Gaza and criticizing the university's ties to Israel.
Catching up? Here's what happened on 1 June 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Times
18 minutes ago
- Times
‘50,000 Afrikaners seeking sanctuary in US'
Act now to keep your subscription We've tried to contact you several times as we haven't been able to take payment. You must update your payment details via My Account or by clicking update payment details to keep your subscription.
Daily Mail
19 minutes ago
- Daily Mail
Succession battle erupts at America's biggest bank as young bucks jostle to replace Jamie Dimon
JPMorgan Chase is making moves behind the scenes to eventually replace its longtime CEO Jamie Dimon, who is expected to retire within five years. Dimon, 69, indicated in a Monday interview with Fox Business that he intends to step away from America's largest consumer bank in 'several years,' adding that he loves the job. On Tuesday, Bloomberg reported that JPMorgan put Marianne Lake in charge of strategic growth and the firm's international consumer bank. Lake, 56, is one of the leading contenders to replace Dimon when the time comes, and her promotion suggests that she may be first in line. Lake took over from Sanoke Viswanathan, 50, who left to become the CEO of data company FactSet. She's now the head of JPMorgan's consumer and community banking division, which serves 84 million customers in the US. Doug Petno and Troy Rohrbaugh, who together lead JPMorgan's commercial and investment banking operations, are also vying for the top job. What Petno has going for him is his length of service. He's been at the bank for 35 years and has held numerous roles at the company. By comparison, Lake has been at JPMorgan for 25 years, while Rohrbaugh has been there for 20 years. Jenn Piepszak was a real possibility to become CEO several months ago. She effectively took herself out of the running when she accepted the COO job in January. Piepszak replaced former COO Daniel Pinto, who will serve as the company's president until he retires in 2026. Pinto, too, was once considered someone who could step into the CEO role, as he previously assumed those responsibilities when Dimon had to undergo emergency heart surgery in 2020. Mary Erdoes, CEO of asset and wealth management, is considered a dark horse in the leadership race. She has been at the firm for nearly 30 years. JPMorgan could surprise everyone and go with an outside hire, but that is very unlikely. Daily Mail reached out to the bank for comment. In April, the bank's Board of Directors identified potential successors to Dimon and all of them were internal candidates. Dimon himself was an internal hire. In 2000, he became the CEO of Bank One, overseeing that firm's operations until it merged with JPMorgan in 2004. He was first selected to be COO at JPMorgan before being hired as CEO in December 2005. All this jockeying at JPMorgan comes as Dimon made a headline-grabbing appearance Friday at the inaugural Regan National Economic Forum, where he talked with his usual brash candor about today's hot-button political issues. On a panel with CNBC's Morgan Brennan, he sounded the alarm about the ballooning national debt and warned that if the United States doesn't take its role as the world's sole superpower seriously, the US dollar could cease being the world reserve currency. He also advanced the idea that leaders at every level of government are bungling the country's future. 'The amount of mismanagement is extraordinary - by state, by city, for pensions, and that stuff is going to kill us,' he said. All these statements and more got Brennan to ask Dimon whether he'd consider running for office, a question that got many in the audience to gasp. 'What would be the scenario that you would entertain to consider public service?' she asked. Dimon paused for a beat, then said, 'Alright, ready? I'll tell you. If I thought I could really win, which I don't think I could.' That response apparently caught the eye of Jeffrey Sonnenfeld, a professor at the Yale School of Management, who wrote a lengthy article about why Dimon could be a dynamic choice to be the next president. Anthony Scaramucci, a financier who served as White House communications director for 10 days in 2017 before being fired by Trump, posted about Sonnenfeld's Tuesday piece in Fortune Magazine, calling it 'spot on.' Sonnenfeld argued that Dimon is a commanding presence and a sensible moderate who could, if he decided to run as a Democrat, unite a party that is in complete disarray. The conventional wisdom is that the Democrats are largely without a true leader after Vice President Kamala Harris lost to Donald Trump in November. A CNN/Gallup poll released on Sunday seems to bear that out, with just 16 percent of Americans believing the Democratic party has strong leaders. Sonnenfeld also cast Dimon as an unapologetic truth-teller even when it doesn't suit him, writing that this is a 'rare quality found only in the best leaders.' As an example, he pointed to a leaked recording of Dimon at a company town hall, where he launched into a foul-mouthed rant against employees who wanted to continue working from home. Dimon also has a realistic claim to the centrist label, Sonnenfeld wrote, as he criticized both Democrats and Republicans. Although Dimon, a registered Democrat, continues to praise Trump for growing the economy in his first term, he hasn't been shy to slam the president for his Liberation Day tariffs and his decision to establish a strategic bitcoin reserve. In January 2024, he was far more conciliatory, saying, 'Take a step back, be honest. He was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China.' Back then, he was warning that Democrats' incendiary rhetoric about Trump and MAGA could cost them the upcoming election. Whether or not the Democrats' approach to Trump supporters was the main factor in them losing, the fact is, Trump cruised to a second term relatively handily. Sonnenfeld wrote that Dimon could be the antidote to Trumpism, essentially saying that while Trump plays the role of a titan of industry, Dimon is the real deal. He pointed to Trump's multiple business bankruptcies, despite inheriting nearly half a billion from his father, Fred Trump. Meanwhile, JPMorgan stock has risen nearly 1,100 percent since Dimon became CEO. Adding to Dimon's potential as a leading political figure, he is not accustomed to having someone telling him what to do, very much like Trump. When speculation bubbled up last year that both the Harris and Trump campaigns were considering Dimon as Treasury Secretary, he had this to say: 'I've not had a boss in 25 years and I am not ready to start now.'
Daily Mail
19 minutes ago
- Daily Mail
Vance jokes after being called ‘intellectual'
Published: Updated: Vice President JD Vance joked that he was offended after being described as an 'intellectual' who previously wrote for the anti-Trump conservative magazine National Review. The vice president made his remarks during a black-tie gala sponsored by the conservative think tank American Compass as he sat down with founder Oren Cass. 'I am thrilled to have this opportunity to talk with you and so grateful that the work you're doing and, in a sense, so in awe of it because there are politicians out there who are, they've just been politicians,' Cass began. 'But you are someone who was an intellectual first. Some people don't like the word "intellectual." But I mean it in the good sense of the term. You were writing for National Review. You were at the bar late at night arguing about and helping shape these ideas that you are now.' 'I come here for free and you insult me,' Vance joked. 'And you call me an intellectual, remind me that I wrote for National Review. What an [expletive] this guy is!' The audience laughed and applauded as Cass replied, 'That's fair. I will admit that I, too, wrote for National Review.' The National Review was a widely respected conservative magazine that vociferously opposed Trump in the 2016 election. The vice president previously took shots at National Review during an interview with CBS' Face the Nation where host Margaret Brennan cited an article critical of one of the president's nominees for his cabinet. 'These are publications that attacked Donald J. Trump obsessively, but those publications don't determine who the president is, the American people do and Donald J. Trump is the person who determines who his cabinet is, not these publications that I think, frankly, have lost relevance,' Vance said. Vance was involved in the founding discussions of the American Compass group, an attempt to put an intellectual and policy framework behind some of Trump's 'America First' agenda. During the gala, Vance said that when he got to the White House, he asked for analysis on supply chains in America, eager to identify key industries to bring back to the United States. 'What is so crazy about the hyper globalized era is that you had these basic questions about the brittleness of our supply chains that were completely un-investigated by the very people who supported globalizing those supply chains,' he said to applause from the audience. 'We were actually governed by complete morons and we didn't even realize it until the Trump administration started getting under the hood of our government.' The organization, founded in 2020, is working for Republicans to think differently on policy questions, including by grabbing the third rail of sacrosanct political principles that have traditionally been the core ideals of the conservative movement. The organization credits Vance and his policies for lifting up their status in Washington. 'No figure in American politics has more effectively advocated for American families and workers than Vice President JD Vance,' American Compass communications director Theresa Braid said to the Daily Mail. She cited Vance's work in the Senate and the White House as well as his book Hillbilly Elegy, which chronicles the struggles that working class voters in America face. 'Vice President Vance has led the charge to speak for the Americans that our elites have forgotten,' she continued. 'It is an honor to have him join our celebration of the movement that he has helped build.' Other prominent Republicans on the right who are connected with the group include Secretary of State Marco Rubio who spoke at the event, and Senators Tom Cotton of Arkansas, Todd Young and Jim Banks from Indiana, and Bernie Moreno from Ohio.
