Misinformation Casts Shadow on US-China Trade Truce

US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP
US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP
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Misinformation Casts Shadow on US-China Trade Truce

US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP
US-China trade misinformation could undermine a fragile truce on tariffs. SCOTT OLSON / GETTY IMAGES NORTH AMERICA/AFP

From false claims of Americans panic-buying Chinese goods to bot-driven attacks on US brands, a tide of misinformation is casting a shadow over a temporary trade truce between Washington and Beijing.

The world's two biggest economies agreed earlier this month to pause reciprocal tariffs for 90 days, a surprise de-escalation in their bitter trade war following high-level talks in Geneva, said AFP.

But an alternate reality is unfolding across social media platforms, including China's Douyin and Weibo, where a surge of falsehoods is fueling anti-American sentiment that could undermine the fragile truce.

One online video, which garnered millions of views across those platforms and TikTok, claims to show panicked American shoppers snapping up Chinese-branded television sets in the aftermath of trade tensions.

But in reality, that was old footage from 2018 showing Black Friday shopping frenzy at a US supermarket.

The falsehood was further amplified by Chinese state media outlets, including China Daily, which ran headlines such as: "Americans are starting to stock up like crazy amid tariffs and snapping up Chinese-branded TVs."

A news clip on its website -- more recycled footage from 2018 -- bears a "file footage" watermark in the upper left corner, apparently to shield the outlet from legal liability.

Other unfounded claims emerged on Chinese platforms about Americans flying to China to shop for Chinese goods, and that US citizens -- reeling from the economic fallout of the trade war -- were queuing up to purchase supplies in bulk.

"These narratives are almost certainly curated by the state, which has become increasingly fluent in harnessing social media," Andrew Mertha, director of the SAIS China Global Research Center at Johns Hopkins University, told AFP.

"(They) help align Chinese public opinion with governmental strategy, in this case demonstrating -- albeit inaccurately, certainly prematurely -- that 'the US is already feeling the pain, so China must stay the course.'"

Economic jitters

US President Donald Trump's on-again, off-again tariffs have sent jitters through the world economy, unnerving investors and roiling financial markets.

Under the May 12 truce, the United States agreed to temporarily reduce the tariff on Chinese imports to 30 percent from 145 percent, while China said it would lower its import duty on American goods to 10 percent from 125 percent.

Some of the false narratives emerged before the agreement but have continued to spread online, fueling confusion and a broader wave of information chaos.

"A lot of friends in China asked me: Are there no eggs in the United States? Is it very unsafe? Are people rushing to buy things? Have you stockpiled anything?" Vivian Wei, a Chicago-based content creator, told AFP.

"Some people even (suggested) not to come to the United States for tourism or study."

The rumors prompted Wei to tour several supermarkets across Chicago, only to find shelves stocked.

While American shoppers seemed unfazed by the swirl of online misinformation, Wei observed that the "Chinese were getting very excited."

'Digital blitz'

Last month, disinformation security firm Cyabra uncovered an anti-US influence campaign on the Elon Musk-owned X involving thousands of fake or bot-operated accounts.

They targeted global brands such as Gucci, Chanel and Amazon, amplifying the unfounded narrative that they produced goods in China while branding them as "Made in France" or "Made in Italy."

The accounts blamed Trump's trade policies for enabling such deceptive marketing practices, while urging consumers to ditch those brands and purchase products directly from China.

"This was a digital blitz. A third of the accounts weren't real, but the backlash they triggered was," Dan Brahmy, chief executive of Cyabra, told AFP.

"Fake profiles hijacked luxury brands, pushed anti-US narratives, and steered buyers away without raising suspicion. That's what makes it effective."

Last month, AFP also uncovered viral TikTok videos by Chinese content creators promoting the spurious claim that international luxury brands were secretly manufacturing their products in China.

The targeted brands did not respond to the claim, which appeared to be part of a sprawling campaign exploiting US-China trade tensions to market counterfeit luxury goods.

The false narratives are unlikely to fade as trade negotiations continue, experts say.

"I believe these narratives will continue and will evolve in parallel with strengthening the Chinese government's negotiating position," said Mertha from Johns Hopkins University.



Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
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Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)

Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region's tourist industry.

Construction on the "Monte Galala Towers and Marina" project would ‌start in ‌the second ‌half ⁠of the ‌year and run for seven years, Ahmed Shalaby, managing director of the main developer, Tatweer Misr, said.

The 10-tower development - a partnership with the ⁠housing ministry and other state bodies ‌including the armed ‍forces' engineering authority - ‍would cost about 50 ‍billion Egyptian pounds ($1.07 billion), he added.

The project, also announced by the cabinet, will cover 470,000 square meters on the Gulf of Suez, about ⁠35 km south of Ain Sokhna, Shalaby said.

Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the tourism ministry in 2025.


Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
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Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA

The Saudi-Polish Investment Forum was held today at the headquarters of the Federation of Saudi Chambers in Riyadh, with the participation of Minister of Investment Khalid Al-Falih, Minister of Finance of the Republic of Poland Andrzej Domański, and Vice President of the Federation of Saudi Chambers Emad Al-Fakhri.

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation, expanding investment partnerships in priority sectors, and exploring high-quality investment opportunities that support sustainable growth in Saudi Arabia and Poland.

During a dedicated session, the forum reviewed economic and investment prospects in both countries through presentations highlighting promising opportunities, investment enablers, and supportive legislative environments.

Several specialized roundtables addressed strategic themes, including the development of the digital economy, with a focus on information and communication technologies (ICT), financial technologies (fintech), and artificial intelligence-driven innovation, SPA reported.

Discussions also covered the development of agricultural value chains from production to market access through advanced technologies, food processing, and agricultural machinery. In addition, participants examined ways to enhance the construction sector by developing systems and materials, improving execution efficiency, and accelerating delivery timelines. Energy security issues and the role of industrial sectors in supporting economic transformation and sustainability were also discussed.

The forum witnessed the announcement of two major investment agreements. The first aims to establish a framework for joint cooperation in supporting investment, exchanging information and expertise, and organizing joint business events to strengthen institutional partnerships.

The second agreement focuses on supporting reciprocal investments through the development of financing and insurance tools and the stimulation of joint ventures to boost investment flows.

The forum concluded by emphasizing the importance of continued coordination and dialogue between the public and private sectors in both countries to deepen Saudi-Polish economic relations and advance shared interests.


Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
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Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with US economic data that could offer more clues on the US Federal Reserve's monetary policy.

Spot gold rose 1.2% to $5,018.56 per ounce by 9:30 a.m. ET (1430 GMT), extending a 4% rally from Friday.

US gold futures for April delivery also gained 1.3% to $5,042.20 per ounce.

The US dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers.

"The big mover today (in gold prices) is the US dollar," said Bart Melek, global head of commodity strategy at TD Securities, adding that expectations are growing for weak economic data, particularly on the labor front, Reuters reported.

Investors are closely watching this week's release of US nonfarm payrolls, consumer prices and initial jobless claims for fresh signals on monetary policy, with markets already pricing in at least two rate cuts of 25 basis points in 2026.

US nonfarm payrolls are expected to have risen by 70,000 in January, according to a Reuters poll.

Lower interest rates tend to support gold by reducing the opportunity cost of holding the non-yielding asset.

Meanwhile, China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China showed on Saturday.

"The debasement trade continues, with ongoing geopolitical risks driving people into gold," Melek said, adding that China's purchases have had a psychological impact on the market.

Spot silver climbed 2.9% to $80.22 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

Spot platinum was down 0.2% at $2,092.95 per ounce, while palladium was steady at $1,707.25.

"A slowdown in EV sales hasn't really materialized despite all the policy softening, so I do see that platinum and palladium will possibly slow down," after a bullish run in 2025, WisdomTree commodities strategist Nitesh Shah said.