19.8%: China will impose tariffs of up to 19.8% on European Union pork products, far less than the preliminary levy that Beijing had imposed, which were up to 62.4%. China first put down these tariffs in response to the EU placing duties on Chinese-produced electric vehicles.
200: A new report from the US’s National Oceanic and Atmospheric Administration says record temperatures and rainfall are turning 200 Alaskan rivers orange and red, as iron spills into the rivers from once-frozen ground.
$22.8 billion: The $22.8 billion deal for a Western-led consortium to purchase two Panama Canal ports – as well as 40 others worldwide – has hit an impasse, as Beijing demands that the Chinese shipping firm COSCO get a majority stake. China had previously just sought for the firm to have an equal stake. The White House signaled that it wouldn’t accept this condition, but China has leverage because a Hong Kong-based firm currently owns the ports.
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What is President Trump trying to achieve in Iran, and how does his strategy compare to past US interventions in the Middle East?
The US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily in oil revenues since the war began.
4: The number of crew members aboard a US refuelling plane – out of six total – who died after the aircraft crashed in neighboring Iraq on Thursday, US Central Command said this morning.