A fire broke out in the cloth market near Regal Chowk in the Saddar district of Karachi, Pakistan. Many shops were turned to ashes with the rapid growth of the fire, 50 shops were evacuated. A suspected arson could have caused the fire, where an explosion occurred, Karachi Fire Department announced. No casualties were reported following the fire.
China has imposed a 34% customs duty on all US goods in response to the same rate announced by US President Donald Trump. The move includes trade restrictions on rare earth exports critical to tech and defense industries and the suspension of chicken imports from two US firms.
China also blacklisted 11 American companies, including major defense and tech firms, banning them from trade with Chinese entities. Additionally, China filed a complaint at the World Trade Organization, calling the US tariffs a violation of global trade rules and an act of “unilateral bullying.”
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