Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,

Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),

Official PMI remains below 50, with ‘persistently high uncertainty’ in global trade tipped to weigh on growth outlook in both US and China.

China issued a blistering response after U.S. Defense Secretary Pete Hegseth said "the threat China poses is real."

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.

US President Donald Trump signalled renewed trade tensions with China, arguing that China had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations.

Stocks wavered on Friday, but the dollar mostly gained, after President Donald Trump put US-China trade tensions back on the boil by claiming Beijing "has totally violated" an agreement with

China is threatening legal action against anyone enforcing the U.S.' recent guidelines against using Huawei's AI chips.

Nvidia ( NVDA) stock dropped roughly 3% Friday after US President Trump claimed that China had “totally violated” an agreement with the US. The tech-heavy Nasdaq ( ^IXIC) fell 0.3%, while the S&P 500 ( ^GSPC) was flat at Friday's market close.

Tensions escalate between the US and China following comments by US Defence Secretary Pete Hegseth, criticizing China's actions in the Asia-Pacific, particularly regarding Taiwan. China's foreign ministry rebukes Hegseth's 'Cold War mentality' and accuses the US of instigating regional conflict amid ongoing trade and diplomatic disputes.