Donald Trump’s top trade official has urged allies to pay higher prices for critical minerals sourced outside China as the US seeks to reduce dependence on Beijing. Jamieson Greer said partners must accept a “national security premium,” with supply potentially coming from a proposed bloc including Europe. The US plans minimum price rules to protect mining investments and may impose tariffs on non-member producers such as China. However, allies have expressed concern over higher costs for industr

IRAN MORE CAPABLE THAN TRUMP ADMINISTRATION IS PUBLICLY ACKNOWLEDGING, SOURCES SAY - CBS

China’s “national team” has reduced its dominant position in the country’s largest stock ETFs, signaling efforts to cool an overheated rally earlier this year. Central Huijin Investment Ltd cut its holdings in key ETFs below the 20% disclosure threshold in Q1 filings, with current stakes unclear. The move confirms it likely sold heavily in January amid record turnover and a speculative tech-led rally. It also suggests Beijing is shifting from market support to actively curbing excess speculation. Holdings in major ETFs, including a 200 billion yuan CSI 300 product, were likely reduced by at least half, while smaller funds such as the SSE 180 ETF also saw broad reductions below disclosure levels.