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The Latest Breaking News from China

Porsche Blames Electrification For Deepening Crisis

Porsche isn't having the best time right now. Recently considered among the world's most profitable automakers on a percentage basis, the German sports and luxury marque faces dropping sales, steep tariffs, and stiff EV competition in China. It's even reportedly delaying the arrival of a new wave of electric products,…

InsideEVs

Nvidia’s huge deal with AI startup Humain puts Saudi Arabia at ‘the front of the line’ of global chip customers, Dan Ives says

As the Trump administration prioritizes partnerships with the Mideast, China emerges as the ‘big loser,’ the Wedbush analyst told Fortune.

Fortune

White House backed down on China’s tariff after president was told they would hurt ‘Trump’s people’ the most

Several White House staffers had to warn the president that his tariffs would impact ‘Trump’s people.’

The Independent UK

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China-US trade war: the next 90 days are a big deal for Beijing as it seeks long-term solutions

Washington and Beijing have finally agreed a pause in their escalating trade war. US and Chinese officials announced in Geneva this week that US tariffs on Chinese goods would fall to 30%, while Chinese tariffs on US products would drop back to 10%.

The Conversation

“A welcomed relief for our industry”: NAMM President reacts to the de-escalation of tariffs on Chinese goods – and discusses its impact on the musical instrument sector

Trump has recently announced a “total reset” of U.S.-China relations and updates on tariffs which will undeniably also impact the guitar and gear market

Guitar World

PS5 prices could rise again as Sony considers passing US tariff impacts on to players

Play has no limits, but your wallet does

GamesRadar

BP's chief U.S. economist worries China is winning the global energy war. Here's why

Renewable energy should double worldwide by 2050 while global oil demand is likely to peak in a decade, energy economists said.

Fortune

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Crude Prices Slip as Weekly EIA Crude Inventories Unexpectedly Climb

June WTI crude oil (CLM25 ) today is down -0.67(-1.05%) and June RBOB gasoline (RBM25 ) is down -0.0026 (-0.12%). Crude oil and gasoline prices today are moving lower after weekly EIA crude inventories unexpectedly increased last week. Also, comments from President Trump weighed on crude oil when he said...

Barchart

General Motors Overtakes Tesla In China EV Sales

If Tesla’s plan was always to kickstart the electric vehicle revolution and then pass the baton to others to take it forward, then that plan is going phenomenally well. While Tesla experiments with its next potential disruptors—robotaxis and humanoid robots—its core passenger vehicle business has taken a pummeling.

InsideEVs

Trump's 'Deal' With China Leaves American Consumers and Exporters Facing Higher Tariffs Than Before

The White House calls it "the art of the deal," but a 30 percent tariff on imports from China is economically damaging and constitutionally dubious.

Reason

Squaring the accounts of Kevin Warsh, whom Trump could pick as Fed chairman next year

A recent speech offered clues into how Warsh might lead the central bank he’s criticized. Not everything added up.

Fortune

White House drops Biden-era export rules aimed at curbing China's chip access

The White House is dropping a Biden-era export rule that was affecting many more countries than just those targeted.

TechRadar

Did the US flinch first in tariff war with China?

A high-stakes game of chicken has come to an end for 90 days, as both China and the US claim the upper hand.

Al Jazeera

China is sharing priceless moon samples with international partners, but NASA can't be a part of it

The Wolf Amendment, a law that prevents bilateral cooperation in space research between the U.S. and China, is preventing U.S. government-funded analysis of the Chang'e 5 moon samples.

Space

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The Independent UK

Brazil's Lula pledges to urge Putin 'go to Istanbul and negotiate' with Zelenskyy

Brazilian President Luiz Inácio Lula da Silva said he will urge Russian President Vladimir Putin to attend peace talks with Ukraine’s Volodymyr Zelenskyy

The Independent UK

A tiny TikTok creator company with no revenue and ties to China plans to buy $300million in Trump’s memecoin

The firm, which employs eight people to create videos for TikTok, earned no revenue last year — yet somehow found a way to purchase as much as $300 million of $TRUMP.

Tom’s Hardware

Former chairman of China's chipmaking champion gets suspended death sentence in corruption and embezzlement case

Zhao Weiguo has been given a suspended death sentence.

The Guardian - AU

‘Tears blur my vision’: Australian writer jailed in Beijing thanks Albanese for support in emotional letter

Yang Hengjun writes he can ‘only use a silent voice to thank you and all the people who care for and love me’

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news in one place.

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Euronews

Global EV sales up almost 30% in April, with the US falling behind

China and Europe were bright spots for the EV market in April, although sales dropped in North America, hit by Trump tariffs and uncertainty over green policies.

The Independent UK

Cambodia hosts China for their latest and largest joint military exercise

Cambodia’s armed forces have launched their latest — and largest — Golden Dragon joint military exercise with China

Latin Times

Equity Markets Swing As China-US Trade Euphoria Fades

Data showing US inflation unexpectedly slowed last month provided some cheer, though observers pointed out that the real impact of Donald Trump's "Liberation Day" tolls will not likely be felt until May's readings.

Fortune

The U.S.-China detente could ‘save Christmas,’ but expect ‘a rush of ordering the likes we’ve never seen before,’ economist says

Importers traumatized by the empty shelves during COVID lockdowns are pulling out all the stops to stock up ahead of the holiday shopping season.

Fortune

Japanese carmakers slash profit outlooks as they face down U.S. tariffs and Chinese EVs

Toyota and Honda cut their annual forecast by double digits. Nissan declined to issue one for the time being.

Fortune

Wall Street is up to its armpits in bullish calls as tech stocks roar back

But S&P futures were down nearly 1% this morning, premarket.

The Independent UK

Chinese businesses view tariff pause with caution and uncertainty

While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach

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