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Edition from 2025-05-12, 12 PM UTC

US-China Trade War Thaw: 90-Day Tariff Ceasefire Sends Markets Soaring

The United States and China struck a landmark 90-day tariff suspension deal amid growing pressures to ease trade tensions. This temporary truce sees massive tariff cuts, boosting markets and global trade hopes while diplomatic talks continue.

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24 Hours US and China agree to 90-day tariff pause + Trump set to accept $400M Qatar luxury jet + Hamas to release last US hostage Edan Alexander + House GOP unveils sweeping Medicaid work rules + Russia launches 100+ drones on Ukraine after ceasefire rejected + Zelenskyy challenges Putin to meet in Turkey + Poland closes Russian consulate over arson attack + Trump announces executive order to cut drug prices 30 to 80 percent + NJ mayor arrested at ICE detention protest + Newark airport to reduce flights amid outages + Kurdish PKK militants announce dissolution + Massive US-China trade deal sends markets soaring + Trump defends flying palace jet gift deal + India-Pakistan ceasefire holds amid ongoing talks + Sean 'Diddy' Combs trial opening statements today + Milwaukee apartment fire kills 4 people

Number 90 days - Duration of US-China tariff suspension deal

Quote "Substantial progress was made with China during key trade talks." — US Treasury Secretary Scott Bessent

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