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The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China.
President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania.
Shares of Adidas jumped 8.2% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter.
Shares of ASML on Wednesday fell as the company missed sales forecasts, but stuck to its full-year outlook.
Philippine officials are alarmed by the surge of Chinese nationals in Cagayan, a province at the northern tip of Luzon island facing Taiwan, describing it as a creeping invasion that has prompted government security forces to investigate.
President Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports.
The 80-page document offers a gloomy assessment of Pacific security and sets out a massive increase in defence spending to retool Australia’s military to cope.
This is CNBC's live blog covering Asia-Pacific markets.