As the deadline for President Trump's tariff deferrals approaches on July 9, global attention shifts to the G7 summit in Canada, where leaders are pressing the US to roll back its trade restrictions. However, in a dramatic turn of events, Trump cut his participation short, citing more urgent matters back home. On the evening of June 21, Trump ordered seven B-2 bombers to strike Iran's underground nuclear facilities, signaling a significant escalation in US military engagement in the region.
Taiwanese tech firm AbonMax has unveiled the Cobra-3120, a domestically developed tactical drone modeled after the US-made Switchblade, marking a significant step forward for the island's private development of defense products.
Thunder Tiger Technology, a Taiwan-based robotics and model manufacturer, is expanding its presence in the defense sector with new aerial and maritime autonomous platforms, capitalizing on the surging global demand for tactical unmanned systems.
In April 2025, China imposed new export restrictions on seven critical mid-to-heavy rare earth elements—samarium (Sm), gadolinium (Gd), terbium (Tb), dysprosium (Dy), lutetium (Lu), scandium (Sc), and yttrium (Y). The move disrupted global supply chains, hitting the automotive and electronics industries hardest.
