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The Latest Breaking News from China

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

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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

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

The Independent UK

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.

Latin Times

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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

The Guardian - AU

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...

Barchart

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.

Fortune

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.

Kiplinger

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...

Barchart

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.

Windows Central

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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.

The Independent UK

US businesses that rely on Chinese imports express relief and anxiety over tariff pause

American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days

Barchart

Easing US-China Trade Tensions Boost Crude Prices

June WTI crude oil (CLM25 ) Monday closed up +0.93 (+1.52%), and June RBOB gasoline (RBM25 ) closed up +0.0247 (+1.17%). Crude oil and gasoline prices on Monday settled sharply higher, with crude posting a 2-week high and gasoline posting a 6-week high. Crude prices rallied sharply Monday after the...

Barchart

Copper’s Summer Slide: Can Traders Profit from July Futures’ Seasonal Drop?

Copper’s July futures are primed for a seasonal price dip, driven by China’s economic slowdown and hefty LME inventories. Seasonal data reveals a consistent sell pattern, allowing traders to profit with futures or options. Uncover the strategy and risks to seize this bearish opportunity.

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The Guardian - US

Brazil’s president seeks ‘indestructible’ links with China amid Trump trade war

Remark comes as Brazil, Colombia and Chile’s leaders fly to Beijing amid international uncertainty generated by Trump

Barchart

Should You Buy, Sell, or Hold Tesla Stock as Its China Deliveries Fall?

The U.S. just made a deal with China, but Tesla sales have been falling here. Should you buy or sell TSLA stock now?

Barchart

Is Amazon Stock a Buy on US-China Tariff Pause?

Amazon stock is gaining on Monday after the U.S. and China agreed to a 90-day pause on tariffs. Bank of America analyst says AMZN shares could rip higher from here.

We Got This Covered

‘Cleaning up a self-made mess’: Adam Kinzinger calls out Trump for making a ‘deal’ to pause the tariffs he started in the first

Kinzinger may not have the loudest voice in the room, but he’s saying what needs to be said.

Fortune

The U.S. doesn't want 'generalized decoupling' from China, but a strategic break instead, Treasury secretary says

"But what we do want is a decoupling for strategic necessities, which we were unable to obtain during COVID."

We Got This Covered

Trump hails ‘total reset’ as US and China slash tariffs in surprise 90-day deal

There is now a surprising 90-day trade truce between the US and China.

The Conversation

UK’s India trade deal offers wider access to a surging economy – and could make food imports cheaper

After more than three years and 14 rounds of negotiations, the UK and India have finally announced a free trade agreement (FTA). UK Prime Minister Keir Starmer will formally sign the deal on a visit to India later this year. This is the biggest and most economically significant bilateral trade…

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