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The Latest Breaking News from China

Just as Tesla reclaims $1 trillion market cap, worrying data out of China has investors asking questions

Tesla's weekly sales in China tumbled to just 3,070 vehicles last week, the worst performance since the start of Q2, driven by low volumes of the new Model Y.

Fortune

'Multiple crises' in Nvidia's supply chain may see 'prices increase across the board' for its GPU partners, making your chances of ever getting an MSRP card pretty damned low

Nvidia's chips are already hard to get at MSRP in the US.

PC Gamer

6 timeless pieces from your Grandma's kitchen you're going to want to keep

From vintage china to cookware staples, keep your eye on these kitchen classics that will never date

Homes & Gardens

From analysis to the latest developments in health,
read the most diverse news in one place.

Apple adds $180 billion to market cap as Trump reveals he spoke to Tim Cook after China tariffs rollback

President Trump said he spoke with CEO Tim Cook about Apple’s U.S. investments on Monday.

Fortune

Nissan to shut seven factories, cutting 20,000 jobs worldwide

Carmaker slumps to £3.4bn loss after talks over Honda merger collapse and US and China sales fall

The Guardian - UK

Jerome Powell may finally grant Trump his interest rate wish thanks to China deal

President Trump's wish for a rate cut may be looking more realistic as economic uncertainty clears—but it still won't be happening any time soon.

Fortune

Markets react with unbridled joy to tariff reductions—although HSBC warns of 'bumpier' road ahead

The S&P 500 index closed up 3.26% yesterday and it nearly erased its losses for the year.

Fortune

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Stocks Set to Open Lower After Trade Truce Rally, U.S. Inflation Data on Deck

June S&P 500 E-Mini futures (ESM25) are down -0.26%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.41% this morning, taking a breather after yesterday’s rally, while investors gear up for the release of key U.S. inflation data.

Barchart

China cautiously welcomes pause in US tariff war

State media editorial says talks mark ‘step toward resolving differences’ but Xi again criticises US ‘bullying’

The Guardian - UK

Why did the US and China slash tariffs – and what’s next?

Experts say the pullback on tariffs shows that China managed to stand its ground, as Trump battled domestic pressure.

Al Jazeera

'It's extremely encouraging,' Eurogroup president says on US-China trade rollback

Eurogroup President and Irish Finance Minister Paschal Donohoe welcomed the move of the United States and China agreeing to drastically roll back tariffs for 90 days. In an exclusive interview with Euronews, he called it a promising development for EU–US relations.

Euronews

Japan's Honda projects plummeting profits due to Trump's tariffs

Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped

The Independent UK

Trump risks driving Europe into China’s embrace. Xi Jinping will be delighted

As the US descends into chaos, China is pitching itself as the steadier player. But Europe should be wary of its advances, says Orville Schell of the Center on US-China Relations at Asia Society

The Guardian - UK

US to slash tariff on small China parcels from 120% to 54%

Cut in low-value ‘de minimis’ tariff marks further de-escalation of trade war and will benefit Shein and Temu

The Guardian - UK

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International Business Times UK

Wall Street Analysts Divided Over Impact Of US-China Trade Deal

A 90-day tariff cut between the US and China boosts stocks, yet Wall Street debates growth prospects against inflation risks.

Evening Standard

FTSE 100 Live 13 May: M&S posts cyber crisis update, jobless rate at 4-year high

Consumer-focused stocks today fared well as sentiment in a flat FTSE 100 index benefited from strong updates by smaller caps Wickes and Marston’s.

The Conversation

The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead

Defying expectations, the United States and China have announced an important agreement to de-escalate bilateral trade tensions after talks in Geneva, Switzerland.

The Independent UK

China presents a united front with Latin America, aiming to counter Trump's trade war

China is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war, presenting a united front with Latin American countries at an event in Beijing

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Euronews

Investors cautious as Trump says China removing non-tariff trade barriers

Trump stated that China had agreed to remove non-tariff trade barriers, likely referring to the country’s rare earth export controls imposed on the US in April. The market rally appears to be pausing, as investors await further details of the US-China trade agreement.

Fortune

Car trouble: Can the French car industry recover to pre-pandemic levels?

Sales are down, factories are closing—but profits remain high. As EVs, offshoring, and China reshape the road ahead, France’s car sector faces a reckoning.

Fortune

Half of the world’s cars won’t be fully electric by 2040—Renault and Geely are betting big on hybrids to fill the gap

Horse Powertrain’s modular hybrid tech aims to bridge the global EV gap—and help automakers scale clean mobility faster across diverse markets.

International Business Times

Jaded Young Chinese Reset Lives With Rural 'Retirement'

Wang Dong hasn't worked for months and doesn't plan to, whiling away his days at a lakeside town as one of a growing number of young Chinese "retiring" in the countryside.

International Business Times

China's Xi Slams 'Bullying' As Beijing Hosts LatAm Leaders

Chinese President Xi Jinping vowed Tuesday to deepen ties with Latin America and condemned "bullying" in a thinly veiled swipe at the United States, as he addressed regional leaders in Beijing.

The Independent UK

Trump live: President says US ‘very close’ to a nuclear deal with Iran

The president also warned that the U.S. could be forced to take a ‘violent course’ with Iran if the friendly course of action does not work

The Guardian - US

Trump news at a glance: Markets rally on China trade war pause, first Afrikaner ‘refugees’ arrive

Wall Street jumps as president hails ‘total reset’ with Beijing, while administration stirs controversy with refugee status for white South Africans. Key US politics stories from Monday 12 May 2025 at a glance

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