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It's been 12 months since Donald Trump's 'liberation day' on April 2, 2025, when the US president introduced tariffs on nearly every country the US did business with. The move sent shockwaves through the global economy, causing chaos in Washington and beyond. Experts say that if Trump had spent the last 14 months on the golf course instead of in the White House, the US economy would be in a better place. The wholesale slashing of government jobs and defunding of US aid agencies had already signaled that Trump was in a hurry to upset institutions he considered profligate or useless. Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America. Dario Perkins, the head of global research at the consultancy TS Lombard, said: 'If you think that discouraging investors from buying assets in the US is a victory, then you don’t believe in a growing economy.' He added that Trump's policies had led to a decline in US manufacturing jobs and a growing trade deficit. The data supports Perkins' claims. US companies stopped hiring almost as soon as liberation day was announced. Significant revisions in February to data covering 2025 pushed payroll employment down by 403,000 jobs, resulting in the addition of just 181,000 jobs last year. This small boost is set against the 163 million people who are employed in the US. Russ Mould, the investment director of the British stockbroker AJ Bell, said: 'America is still home to the world’s largest economy and its reserve currency, as well as the globe’s largest equity and bond markets, but investors continue to reassess their exposure one year on from liberation day.' The next few months of steadily increasing confidence levels followed probably the calmest period in the second Trump presidency. But sentiment began to fall again in the autumn as the White House battled with Congress over the federal budget deficit and much of the public sector was shut down. A poll by the University of Michigan showed consumer confidence at a near record low at the end of 2025. A six-month moving average produced by the Conference Board showed every generation, from baby boomers to gen Xers, had lost confidence in the economy over the past year. Trump’s liberation day executive order stated: 'The decline of US manufacturing capacity threatens the US economy in other ways, including through the loss of manufacturing jobs.' However, the US manufacturing sector shed 100,000 jobs between January 2025 and March 2026. The ratio of manufacturing workers to total nonfarm employment fell to the lowest point since 1939. Bryan Riley, the director of the National Taxpayers Union Foundation’s free trade initiative, said: 'One year after liberation day, the evidence is in. Tariffs failed even by the Trump administration’s own terms. They did not shrink the trade deficit, did not revitalise manufacturing and did not help farmers. It would be a mistake to replace one set of failed tariffs with another.' Some major US companies have redirected their investments to Europe, but China has proved to be one of the main beneficiaries. In the year to February 2026, China’s industrial profits increased by 15.2%. It's a boom that Beijing will struggle to repeat should Chinese companies face fuel and energy shortages and price hikes. But the decline of two major powers can only be to China’s gain.

The Alpine F1 team has strongly condemned the online abuse directed at drivers Franco Colapinto and Esteban Ocon following recent incidents in the Japanese and Chinese Grands Prix. Colapinto was involved in a high-speed crash with Oliver Bearman at Suzuka, while Ocon accepted blame for a clash with Colapinto in Shanghai.The team dismissed suspicions of sabotage and claims that Colapinto was not provided with the same quality equipment as his teammate Pierre Gasly. Alpine emphasized that such hateful behavior is unacceptable and not in the spirit of the sport.“Esteban took full responsibility and apologised to Franco, seeking him out in the media pen and also apologising on social media. The resulting abuse that followed was not in the spirit of the sport and it was an oversight not to call it out sooner,” the team said.Alpine also addressed concerns about their treatment of drivers, stating that any questions about sabotage or unequal treatment are unfounded. The team aims to be transparent about upgrades and performance, emphasizing that it is not in their interests to withhold information or hinder performance.The team also highlighted that Gasly has scored 15 of Alpine’s 16 points this season, with Colapinto’s lone point scored in China. Alpine reiterated its commitment to fair treatment of all drivers and condemned the hateful messages aimed at Colapinto and Ocon.

Iranian Foreign Minister Abbas Araghchi told Al Jazeera that he has exchanged messages with Steve Witkoff, the senior envoy appointed by President Donald Trump, but stressed that these contacts do not constitute formal negotiations. "I receive messages from Witkoff directly, as before, and this does not mean that we are in negotiations," Araghchi said, adding that all communications are routed through the Foreign Ministry and security agencies. The minister highlighted Iran’s historic mistrust of US diplomatic overtures, recalling Washington’s withdrawal from the 2015 nuclear agreement and two recent attacks on Iranian territory during ongoing talks. Araghchi noted that Pakistan has been facilitating the recent exchanges and has also hosted regional discussions involving Saudi Arabia, Egypt and Turkey to build momentum for direct Iran‑US dialogue. Additionally, Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar visited Beijing to seek Chinese backing for these efforts. Regarding the strategic Strait of Hormuz, Araghchi asserted that the waterway falls under the joint jurisdiction of Iran and Oman. He said that once hostilities cease, the two nations will decide its future, emphasizing that the strait should remain a "peaceful waterway." While acknowledging that Gulf states such as Qatar want a seat at the table, Araghchi maintained that the strait is open to commercial vessels from all nations except those actively at war with Iran, which is a standard wartime measure. He also mentioned that ships from India, Pakistan, Turkey and China have already negotiated transit through the strait, underscoring its continued commercial relevance. On the prospect of a US ground invasion, Araghchi warned that Iran is fully prepared to confront any such move. "We are waiting for them," he said, adding that Iranian forces possess the strength to repel a land assault and that the United States would be making a grave mistake by attempting one. These statements come as the Trump administration reportedly increases troop deployments in the Gulf and explores contingency plans for a possible invasion of Iran.

Police in Wuhan reported a sudden "system malfunction" that immobilised several autonomous robotaxis operated by Baidu’s Apollo Go service, leaving passengers stuck on an elevated highway for up to an hour and a half.Local authorities said they received a flood of calls on Tuesday night from riders whose vehicles froze in the middle of the road. A police statement confirmed that “multiple Apollo Go cars stopped in the middle of the road, unable to move,” and preliminary investigations point to a technical failure.Baidu maintains a fleet of more than 500 driverless cars in Wuhan, though the exact number affected was not disclosed. One commuter shared a 90‑minute ordeal on the Chinese platform RedNote, describing how the vehicle stalled at 9 p.m. on an overpass, surrounded by dump trucks, while customer‑service lines remained unanswered.The rider eventually was rescued after the order was cancelled at 10:30 p.m., but criticized Apollo Go’s support team for offering “useless platitudes” instead of concrete solutions. Social‑media users also posted videos captioned “Apollo Go, are you paralysed?” showing futile attempts to contact the company via the in‑car tablet.This is not Baidu’s first controversy. In December, authorities in Zhuzhou halted robotaxi operations after a Baidu‑manufactured autonomous vehicle struck two pedestrians, sending them to intensive care.Despite these setbacks, Baidu’s autonomous‑mobility arm continues to grow. Company filings reveal that Apollo Go delivered 3.4 million driverless rides in the fourth quarter of 2025, a jump of over 200 % compared with the same period in 2024. The firm is also pursuing international expansion, having announced partnership deals with rideshare giants Lyft and Uber to deploy its vehicles on their platforms.When approached for comment, Baidu did not respond, according to Reuters.Additional reporting by Yu‑chen Li

Islamabad – Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar will travel to Beijing, reaffirming the “all‑weather strategic cooperative partnership” between the two nations, according to the Pakistani Ministry of Foreign Affairs.The visit follows a high‑profile quadrilateral meeting in Islamabad that brought together foreign ministers from Turkey, Egypt and Saudi Arabia, all aiming to coax the United States and Iran back to the negotiating table amid a war that has already spiked global energy prices.Despite a recent hairline shoulder fracture, Dar pressed on with the trip, signalling the urgency of Pakistan’s diplomatic push. In a March 27 call, Chinese Foreign Minister Wang Yi praised Islamabad’s “untiring efforts to cool down the situation,” a sentiment echoed by spokesperson Mao Ning, who said China is ready to “enhance communication… for a cease‑fire and peace in the region.”Analysts argue the mission is less about collecting praise and more about testing whether Beijing will move from rhetoric to concrete action in the US‑Iran mediation. The central question: can China become an active partner rather than a silent observer?Former Wilson Center fellow Baqir Sajjad Syed explains that Dar will brief Chinese leaders on the recent Islamabad quadrilateral and seek to turn five draft principles – immediate ceasefire, resumption of talks, civilian protection, maritime security, and UN Charter compliance – into a binding framework.Pakistani scholars view the outreach as classic intermediary behaviour: Pakistan leverages China’s permanent‑member status to stay relevant, while China, unlike the United States, mainly engages with Gulf states and Tehran.Iran specialist Vali Nasr suggested Tehran may be looking for a Chinese “guarantor” for any US‑Iran deal, a premise disputed by professor Ishtiaq Ahmad, who calls the expectation “analytically weak” given China’s reluctance to back a declining regime.The strategic stakes are stark. The Strait of Hormuz moves roughly 20 % of global oil. Kpler data show China imported about 1.38 million barrels per day of Iranian crude in 2025 – roughly 12 % of its total oil imports. The IEA estimates 15 million barrels per day passed through the strait in 2025, with China and India accounting for 44 % of that flow.China‑Iran trade hit about $41.2 billion in 2025, and a 2021 25‑year strategic cooperation pact promised up to $400 billion in Chinese investment for discounted Iranian oil, much of which remains unrealised due to U.S. sanctions.Syed describes China’s motivations as “clear and self‑interested”: protecting energy security, safeguarding Belt and Road Initiative (BRI) and China‑Pakistan Economic Corridor (CPEC) projects, and bolstering its image as a global peace broker. A prolonged war would hurt China’s economy through higher oil prices and disrupted trade routes.While Beijing is unlikely to deploy military forces, it may employ diplomatic tools – public endorsements, joint statements, and economic levers – to push for a cease‑fire. Its pragmatic stance means it will weigh the benefits of deeper involvement against the risk of being drawn into a conflict.The diplomatic backdrop includes a postponed Trump visit to Beijing and a slated summit for mid‑May, as well as a future Xi‑to‑U.S. trip, which observers say could signal a broader alignment between the two great powers.Meanwhile, the United States continues to amass forces in the Gulf, with thousands of Marines and Army troops positioned for possible ground operations, underscoring the volatility that Pakistan and China are trying to mitigate.In sum, Dar’s Beijing mission tests whether China will remain a passive supporter or become an active broker in a war that threatens global energy markets and regional stability.

Pakistan and China have jointly released a five-part proposal aimed at bringing peace to the Middle East, as the conflict between Iran and the US shows no signs of abating. The plan, which was agreed upon during a meeting between Pakistan's Foreign Minister Ishaq Dar and his Chinese counterpart Wang Yi, calls for an immediate ceasefire and the protection of key waterways, including the Strait of Hormuz.The proposal is part of Pakistan's broader efforts to position itself as a peacemaker in the region, with Prime Minister Shehbaz Sharif and Army Chief Syed Asim Munir engaging in diplomatic communications with global leaders, including US President Donald Trump and Iranian President Masoud Pezeshkian. Islamabad has also hosted talks with foreign ministers from Saudi Arabia, Turkey, and Egypt in an attempt to find a regional solution to the conflict.China, which has maintained a neutral stance in the conflict, has emphasized the importance of dialogue and diplomacy in resolving the crisis. The joint statement from Pakistan and China highlighted that dialogue and diplomacy are the only viable options to resolve conflicts, although there appears to be little substantive progress in bringing key participants to the negotiating table.Pakistan's push for peace is driven by both geopolitical and domestic concerns. The country shares a 560-mile land border with Iran and has significant stakes in ending the conflict, including economic concerns related to the blockade on fuel and gas through the Strait of Hormuz. Furthermore, Pakistan is home to the world's largest population of Shia Muslims outside Iran, and there are fears that the conflict could stir up sectarian tensions.Rafiullah Kakar, a Pakistani columnist and political analyst, noted that Islamabad seeks to reinforce its standing as a consequential middle power within the broader Muslim world and to signal continued geopolitical importance to external partners, particularly Washington and the Gulf states. However, with serious instability in Iran having direct implications for Pakistan's security, Islamabad is keen to avoid being dragged into the conflict.

Chinese dissident artist Gao Zhen, renowned for his satirical sculptures of Mao Zedong, has been tried in China on charges of 'defaming national heroes and martyrs'. His wife and a human rights group reported the trial.Gao, 69, was detained in 2024 during a visit to China from the US. He faces a maximum three-year prison sentence. The trial took place behind closed doors in Hebei province and ended without a verdict.Gao is known for his sculptures criticizing the 1966-1976 Cultural Revolution, a period of social turmoil and political persecution in China. His works include 'Miss Mao', featuring Mao with a Pinocchio nose and breasts, and 'Mao's Guilt', a bronze statue of Mao kneeling remorsefully.Gao's wife, Zhao Yaliang, and their seven-year-old son, a US citizen, are under exit bans and cannot leave China. Gao suffers from malnutrition and various health conditions, including lumbar spine disease and chronic knee and eye conditions.The trial highlights China's strict control over artistic expression and its efforts to suppress dissent. EU diplomats attempted to attend the trial but were blocked from entering the court.

The UK government is poised to fully nationalize British Steel within weeks, a significant move that would mark a major shift in the country's steel industry. British Steel, which employs 3,500 people at its Scunthorpe plant, has been under government control since last April, when the Chinese owner, Jingye, threatened to shut down the site. The steelmaker operates the last two remaining blast furnaces in the UK, crucial for producing steel from scratch. The government's decision to nationalize the company is driven by the need to maintain domestic steel production, which is considered vital for national security and economic growth. Ministers had offered Jingye £100m for British Steel earlier this month, but the offer was rejected. The Chinese company had initially demanded over £1bn. The government may now set Jingye a deadline to reach a deal or proceed with nationalization. The cost of keeping British Steel running has ballooned to £377m by the end of January, with projections suggesting it could exceed £1.5bn by 2028 if current trends continue. The National Audit Office has highlighted the need for a swift resolution to the ownership issue. Gareth Stace, director general of UK Steel, has expressed support for nationalization, stating it would provide vital certainty for the workforce, customers, and supply chain. The sector has seen significant interest from potential buyers, including Miami-based investor Michael Flacks. The UK government's move to protect the steel industry comes as part of broader efforts to counter cheap Chinese imports. Earlier in March, ministers announced plans to double tariffs on imported steel and reduce the amount of steel that can be bought from abroad.

Iran has agreed to permit 20 Pakistani-flagged vessels to transit the Strait of Hormuz, a crucial waterway for global oil supplies. This development is seen as a significant step towards alleviating the severe energy crisis affecting the region.Pakistan's Foreign Minister, Ishaq Dar, announced the agreement, stating that two ships will cross daily under the arrangement. He described Iran's decision as 'a harbinger of peace' and a 'welcome and constructive gesture'.The Strait of Hormuz has been effectively shut since the United States and Israel launched coordinated strikes on Iran on February 28, triggering a war that has resulted in significant loss of life and disruptions to global markets. The conflict has killed about 2,000 Iranians and over 1,100 people in Lebanon.The strait is a critical passage for oil supplies, with an estimated 2,000 vessels stranded on either side. This blockade has caused oil prices to surge past $100 a barrel, up by roughly 40 percent. The Islamic Revolutionary Guard Corps (IRGC) has turned the strait into a checkpoint, requiring ships to submit cargo details and receive clearance codes.At least two vessels have reportedly paid $2 million per crossing, settled in Chinese yuan, to secure passage. Iran's parliament is now moving to legalize this arrangement as a potential source of revenue.This agreement is the result of intense Pakistani diplomacy, with Army Chief Field Marshal Asim Munir speaking to US President Donald Trump and Foreign Minister Dar holding calls with his Iranian and Turkish counterparts.