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The Latest Breaking News from China

Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors

The Guardian - US

China reveals Shenzhou 20 astronaut crew launching to Tiangong space station

Veteran Chinese astronaut Chen Dong will command a crew that includes rookies Chen Zhongrui and Wang Jie.

Space

Treasury Secretary Scott Bessent says China has ‘opportunity for a big deal’ with US as trade war appears to cool

The Treasury Secretary says the U.S. and China can work together to ‘rebalance’ their respective economies

The Independent UK

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All-New Lexus ES Has Hybrid And Pure Electric Power

Lexus has unveiled the all-new eighth-generation ES sedan in China at Auto Shanghai, which is now either a hybrid or a full-on EV. It’s not what we expected in terms of design, as it seems to break with the tradition of understated styling in favor of a much bolder look…

InsideEVs

Scott Bessent says China must move away from export overcapacity and American overreliance: 'Everyone knows it needs to change'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said, “America first does not mean America alone,” sharing that more than 100 countries have come to the table to talk trade deals.

Fortune

Stocks Rally as China Trade Tensions Ease and Trump Softens Stance on Powell

The S&P 500 Index ($SPX ) (SPY ) today is up +3.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +2.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +4.03%. June E-mini S&P futures (ESM25 ) are up +3.13%, and June E-mini Nasdaq futures...

Barchart

Exclusive: Amazon is no longer penalizing some top sellers for raising prices aggressively amid U.S.-China tariff war

Amazon recently penalized some top sellers who increased prices amid Trump's tariff war. But those penalties have now been reversed.

Fortune

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Xi contrasts China’s clean energy promises with Trump turmoil

Virtual meeting of leaders also hears UN’s António Guterres proclaim ‘no group or government’ can stop green revolution

The Guardian - UK

Dollar Gains on President Trump’s Softer Tone on Trade and Fed Independence

The dollar index (DXY00 ) today is up by +0.57%. The dollar is climbing today due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be “very nice” to China in any talks and that tariffs will drop if the two countries...

Barchart

Boeing Says China Not Accepting Planes Over US Tariffs

Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss.

International Business Times

Superstore CEOs Urged Trump to Back Off Tariffs or 'Shelves Would Be Empty' Before Revealing Possibility of China Trade Talks: Report

Facing pressure from retail CEOs and spooked markets, President Donald Trump toned down his tariff threats and signaled potential trade talks with China.

Latin Times

The Latest: Treasury secretary says trade war with China is not ‘sustainable’

U.S. markets opened with big gains Wednesday amid clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the…

The Independent UK

Stocks Surge as Rhetoric on Firing Powell Eases and China Trade Tensions Improve

The S&P 500 Index ($SPX ) (SPY ) today is up +3.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +2.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +3.74%. June E-mini S&P futures (ESM25 ) are up +3.08%, and June E-mini Nasdaq futures...

Barchart

The Nissan Frontier PHEV You Actually Want Is Here

Nissan's first plug-in hybrid pickup is alive. The Frontier Pro just debuted at Auto Shanghai, packing a four-cylinder engine and a single electric motor into a body that looks notably different from the pure combustion version we have today.

InsideEVs

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Euronews

UK government to ban use of ‘slave labour’ solar panels by new state-owned energy company

Campaigners have warned that Chinese slave labour is widespread throughout the renewables sector.

The Independent UK

Tariff turmoil: How Tesla and other companies are dealing with the uncertainty of the trade war

Uncertainty over tariffs and an unpredictable trade war is weighing heavily on companies as they report their latest financial results and try to give investors financial forecasts

Barchart

July Lean Hog Futures Just Hit a 6-Week High. Is It Time to Buy?

The lean hog market stands to benefit from easing trade tensions with China and lower tariffs.

Fortune

Markets open sharply higher after Trump softens on China and says he has 'no intention to fire' Fed Chair Jerome Powell

All major indices show substantial early gains.

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Reason

This Man Just Disappeared

Plus: China's baby bust, tough talk on the Ukraine war, and more...

Latin Times

Hegseth Tried To Give Musk Access To Highly Classified Programs Related To China: Report

Pete Hegseth reportedly tried to include Elon Musk into dozens of special access programs related to China. He tried to do so bypassing the usual process, which includes lawyers

Tom’s Hardware

Elon says Tesla humanoid robots impacted by China's export ban on rare earth minerals — Optimus production is delayed due to a 'magnet issue'

Production of Tesla's Optimus robots is delayed because of the lack of rare earth metals.

International Business Times

IMF Warns Of 'Intensified' Risks To Outlook For Public Finances

Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, warning countries to get their spending plans under control and prepare for "sharper" trade-offs.

Evening Standard

No 10 confident Chinese slave labour ban will not impact clean power 2030 plans

The change will ensure solar panels, wind turbines, and batteries must not contain materials suspected of being produced through slave labour.

International Business Times UK

Meet China's 'Rat People': Gen Z Are Ditching Work to 'Scroll, Eat, Sleep, Repeat'

Young Chinese are proudly embracing a new identity as 'rat people' – spending entire days in bed, surfing the internet and ordering takeaways whilst rejecting the nation's demanding work culture.

Fortune

‘The Sell America Trade’: Who's behind the sinking of the U.S. dollar

It's not China or Japan. It's everyone.

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