Key TakeawaysA Chinese Coast Guard ship collided with a Philippine government vessel near Thitu Island in the South China Sea on Sunday, with Manila accusing China of deliberate ramming and water cannon use, escalating regional tensions.Fears of a revived U.S.-China trade war intensified after former President Donald Trump threatened "massive" new tariffs and China retaliated with export limits on rare earth elements.The renewed trade tensions triggered a "risk-off" movement in global markets, causing U.S. ...