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The Latest Breaking News from China

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

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.

International Business Times UK

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.

Evening Standard

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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 Conversation

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

The Independent UK

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.

Euronews

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

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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.

Fortune

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.

International Business Times

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 Independent UK

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

The Guardian - US

Most Asian Markets Extend Rally In Glow Of China-US Truce

Most Asian stocks extended gains Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world's two economic superpowers will step back from a punishing trade war.

International Business Times

Aussie shares gain ground after US-China trade truce

A de-escalation in trade tensions between the world's two largest economies has sparked a stock market rally, pushing Australian shares higher.

AAP

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The Independent UK

Asian shares gain after Wall Street's rally, but hopes are tempered by trade war uncertainties

Asian shares have advanced after China and the United States announced a 90-day truce in their trade war

The Independent UK

China's army of food delivery drivers get by with help from discount 'loving meals'

More and more of China's migrant workers are choosing to work in the gig economy

Latin Times

Texas Moves to Ban Land Purchases by 'Hostile' Nations Including Iran, Russia; Abbott Vows to Sign Bill

Gov. Greg Abbott says he will sign SB 17, which bars land ownership by citizens of China, Russia, Iran, and North Korea — a move critics warn could fuel discrimination and overreach.

The Guardian - AU

Morning Mail: Liberal showdown, toxic algae spreads, Trump backs down on China tariffs

Sussan Ley takes on Angus Taylor in leadership spill as voters urge PM to spped up reform; US trade U-turn welcomed by markets

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Barchart

Stocks Surge on the US-China Trade Truce

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +3.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +2.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +4.02%. June E-mini S&P futures (ESM25 ) are up +3.32%, and June E-mini Nasdaq futures...

Fortune

Parents face price hikes on strollers and car seats as tariffs bite retailers

Currently, 97% of strollers and 87% of car seats are imported from China.

Fortune

Stocks surge after U.S. and China agree to 90 day tariff reduction, Apple up over 6%

Markets soared on the news, though exact details still have to be ironed out.

Kiplinger

Stock Market Today: Dow Gains 1,160 Points on U.S.-China Trade Deal

The two countries agreed to a 90-day truce that will give them time to work on more substantive trade negotiations.

Barchart

Dollar Soars and Gold Sinks on US-China Tariff Relief

The dollar index (DXY00 ) Monday rallied sharply to a 1-month high and finished up by +1.48%. The dollar surged Monday after the US and China agreed to temporarily lower tariffs on each other's products. Also, Monday's jump in the 10-year T-note yield to a 4-week high strengthened the dollar's...

Windows Central

SteamOS Legion Go S prices surged once again ahead of the gaming handheld's May launch — Tariffs are likely the cause

The Legion Go S SteamOS will be the first PC handheld to launch with Steam, but the price keeps going up ahead of launch.

Fortune

After the U.S. and China pause tariffs, rare mineral exports are now in the spotlight for future trade deals

China both wants to use its dominance of rare mineral mining as leverage, while at the same time proving to U.S. companies it can be a reliable supplier.

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