China Simulates Attacks on Taiwan, Liberation Day Arrives but Details Still Shrouded in Secrecy, Chinese FM Visits Moscow

Andrew Sheves Good morning.

We had a great response to yesterday’s announcement of our partnership with HumanRisks and are excited to build out our joint offering together. Thanks for all the kind notes. (In case you missed it, the full announcement is here)

Three headlines to start your day.

🇹🇼 China Simulates Attacks on Taiwan

China conducted a second day of “Strait Thunder-2025A” military exercises around Taiwan, simulating attacks on key ports and energy facilities with live-fire drills. China deployed the Shandong aircraft carrier group, with Taiwan reporting 76 Chinese military aircraft and 19 naval vessels in its vicinity over a 24-hour period. President William Lai condemned the exercises as “blatant military provocations” that threaten regional security, while Beijing continues to signal its determination to eventually unify with Taiwan either peacefully or by force. More - Al Jazeera

🇺🇸** ‘Liberation Day’ Tariffs Commence at 4:00pm ET**

President Trump’s sweeping new tariffs will take immediate effect following his Rose Garden announcement scheduled for 4:00pm ET, according to White House Press Secretary Karoline Leavitt. While specific rates remain undisclosed, Trump indicated they would be “lower than what they’ve been charging us” and that he’s open to negotiations with foreign governments. The White House dismissed concerns about market volatility, with Leavitt confidently stating the economic strategy “is going to work” despite weeks of stock selloffs. More - Bloomberg

🇷🇺** + 🇨🇳 Chinese Foreign Minister Affirms Ties with Moscow**

Chinese Foreign Minister Wang Yi met with President Putin in Moscow, declaring the countries are “friends forever, never enemies” while discussing Ukraine peace efforts. Wang welcomed signs of normalizing US-Russia relations, a day after the Kremlin confirmed working on potential Ukraine peace ideas with the US. Putin announced preparations for Xi Jinping’s symbolic visit to Moscow’s Victory Day parade in May, marking the 80th anniversary of Nazi Germany’s defeat. More - Al Jazeera

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Europe Stability Ratings and News Summary

More Unstable

🇦🇱 Albania, 🇧🇾 Belarus, 🇧🇪 Belgium, 🇧🇦 Bosnia And Herzegovina, 🇨🇿 Czech Republic, 🇩🇰 Denmark, 🇫🇷 France,


Carpe tomorrow!