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The Latest Breaking News from China

Global markets rally after Trump walks back Powell attacks and Bessent looks for China 'de-escalation'

Investor optimism built off Bessent's remarks went into overdrive after President Donald Trump told reporters in the Oval Office that he had "no intention" of firing Fed Chair Jerome Powell.

Fortune

The Toyota bZ7 Is a Chinese Electric Flagship Sedan

Although there have been reports about Toyota’s plan to drop the uninspired “bZ” nomenclature, it looks like the switch to a more familiar naming system for electric cars isn’t happening globally. Meet the new bZ7, a production version of a namesake concept introduced last year. It’s a large sedan for…

Motor1

UBS Analysts Just Slashed Their Price Target on Nvidia Stock. Should You Ditch Shares Now?

Nvidia stock is under fresh pressure after UBS trimmed its price target, citing geopolitical headwinds and near-term margin concerns.

Barchart

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Renewables slave labour warning as Ed Miliband seeks ban on Chinese materials

He wants to ensure solar panels, wind turbines, and batteries must not contain materials suspected of being produced through slave labour.

Evening Standard

Stocks Set to Extend Rally on Fed Reprieve and Trade Optimism, U.S. PMI Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM25) are up +2.01%, and June Nasdaq 100 E-Mini futures (NQM25) are up +2.51% this morning, extending yesterday’s rally as sentiment got a boost after the Trump administration’s move to alleviate some of the tensions unsettling investors.

Barchart

Trump says US education is getting out of DEI ‘after being in that jungle for a long time’ – as it happened

Executive orders crack down on DEI at US universities but seek to increase affordability and retention at Black colleges. This blog is now closed.

The Guardian - US

The Mazda EZ-60 Is a Rear-Wheel-Drive Chinese SUV

We’ve talked about the EZ-60 before. It initially popped up on our radar at the beginning of the month when Mazda teased it on China’s Weibo social media network. It then appeared on the Ministry of Industry and Information Technology (MIIT) website, where the government shows all future models homologated…

Motor1

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Elon Musk says Tesla robot production hit by trade war with China

Tesla planned to produce thousands of Optimus robots this year, but are now lacking a key component

The Independent UK

Elon Musk claims Tesla is the top robot company but worries that Nos. 2 through 10 will be Chinese

The Tesla CEO revealed that production of the Optimus robot has been disrupted by trade frictions.

Fortune

Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but would not hit zero

The Independent UK

All eyes on EVs as carmakers eye competition at Auto Shanghai 2025

Global car companies as BMW, Volkswagen and General Motors are attempting to retain their market share in China as tariffs and rising Chinese competition threaten sales.

Euronews

China’s Xi says tariffs undermine ‘legitimate rights’ of all countries

Chinese leader’s remarks come amid renewed hopes of a trade deal between Washington and Beijing.

Al Jazeera

Chinese PM writes to Japan stressing need to jointly fight Trump’s tariffs

China has reportedly urged Japan for a coordinated response to tariffs imposed on both nations by US president Donald Trump.

The Independent UK

UK private sector shrinks as export orders slump; state borrowing nearly £15bn above official forecast – as it happened

Gloomy business surveys for UK, Europe and US show tariffs starting to take their toll but stocks, dollar rally on hopes of US-China trade deal

The Guardian - UK

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Euronews

Markets rebound as Trump signals cutting China tariffs 'substantially'

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

The Guardian - AU

Ukraine war briefing: Chinese making drones in Russia, Zelenskyy says

Technology might be ‘stolen’ and work not approved by Beijing; deaths in wave of overnight strikes on Ukraine. What we know on day 1,155

International Business Times

Veteran Chinese Astronaut To Lead Fresh Crew To Space Station

China announced Wednesday that a veteran astronaut will lead two crew members on their first flight to the Tiangong space station, the latest milestone in the country's race to send a manned mission to the moon by 2030.

Euronews

Tesla earnings decline as anti-Elon Musk sentiment hampers sales

Tesla’s first-quarter automotive revenue dropped 20% year-on-year due to reduced deliveries affected by anti-Musk sentiment, factory retooling, and seasonal factors. The company also faces supply chain and cost challenges linked to the US–China trade war.

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Al Jazeera

Ukraine’s Zelenskyy claims Chinese nationals helping Russia produce drones

Kyiv summons China’s ambassador to Ukraine over the role of ‘Chinese citizens in hostilities against Ukraine’.

The Independent UK

China reveals new team of astronauts for space station launch

China announced the members of a three-person crew that will be launched to its space station as part of its growing exploration of space

International Business Times

Asian Markets Rally As Trump Comments Ease Fed, China Trade Fears

Asian stocks rallied with Wall Street on Wednesday after Donald Trump said he had "no intention" of firing the head of the Federal Reserve and that eye-watering tariffs on China would be slashed drastically.

International Business Times

Trump Says Won't Fire Fed Chief, Signals China Tariffs Will Come Down

Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.

AAP

Australian shares trade up to pre-Liberation Day levels

The Australian share market has rallied alongside its Asian counterparts as glimmers of hope appear on the horizon of the US-China trade war.

Al Jazeera

Trump backs off threat to fire Fed Chair Powell, as stock market surges

Wall Street rallies after US Treasury Secretary says trade war with China ‘unsustainable’.

The Guardian - US

Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

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